FHFA Extends Multifamily Property Forbearance Through March 2021

FHFA Extends Multifamily Property Forbearance Through March 2021

Thankfully, there's been relief available for homeowners in the form of mortgage forbearance. Forbearance allows borrowers to hit pause on their monthly mortgage payments without incurring late fees or penalties, and without being reported as delinquent to the major credit bureaus. Specifically, the Federal Housing Finance Agency (FHFA) has extended multifamily property forbearance through March 31, 2021.