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FHFA Announces Extension of COVID Related Loan Flexibilities through May

Apr 21, 2021

On April 21st, the Federal Housing Finance Agency (FHFA) extended Fannie Mae and Freddie Mac temporary loan origination flexibilities until May 31, 2021.The flexibilities are designed to support borrowers during the COVID – 19 pandemic by easing the loan closing process. Due to low usage, the FHFA expects all flexibilities will be retired at the end of May. The extended flexibilities include:

  • Alternative appraisal methods on purchase and rate term refinance loans.

To read the full announcement from the FHFA, click here.