Fannie Mae Will Not Require Lump Sum Payments After Mortgage Forbearance Ends

Fannie Mae also announced on Monday that it will let mortgage borrowers benefit from forbearance programs without requiring a lump sum repayment with the crisis passes.  The announcement was made by the Federal Housing Finance Agency (FHFA) to 'combat ongoing misinformation' on borrower help.  The FHFA regulates the Fannie Mae and Freddie Mac programs.  From Bloomberg

Freddie Mac had announced earlier that it would not require lump sum payments, even though some banks are telling borrowers that they will them.  See our related post on April 28th.