Fannie Mae and Freddie Mac and the Department of Housing and Urban Development all plan to suspend mortgage foreclosures, adding to the federal government’s aggressive response to help Americans hit hard by the economic pain of the coronavirus.
Fannie and Freddie, mortgage giants that backstop about $5 trillion of home loans, will halt foreclosures for 60 days, their regulator, the Federal Housing Finance Agency said in a Wednesday statement. President Donald Trump separately announced that HUD would suspend foreclosures and evictions through the end of April.
