Hoping you guys can help me out here.
The Federal Gov announced forbearances on Freddie Mac and Fannie Mae mortgages in the Cares Act and before that. 180 days to start plus 180 day extension (total of one year).
I just had someone with multiple residential properties check his mortgages on
https://www.makinghomeaffordable.gov/get-answers/Pages/get-answers-find-out-mortgage.aspx, and all came back as owned by either Fannie Mae or Freddie Mac. Are all residential mortgages owned (backed?) by them?
If so, why hasn't this been billed as One Year National Mortgage Relief for All Homeowners? What am I missing?🤔
I've only seen this mentioned as a by the way kind of thing with many complaining about lack of mortgage relief (I understand this doesn't extend to commercial but still)