Borrowers Eligible for Payment Forbearance
By Zachary D. Olson, Olivia E. Cares and Jordan S. Rife
Under the CARES Act, borrowers with an HUD, Fannie Mae or Freddie Mac mortgage loan on a property with five or more residential units may be eligible for mortgage payment forbearance for a period of up to 90 days if they are experiencing financial hardship caused by the COVID-19 emergency.