National Association of REALTORSÂ® (NAR)Â President Vince Malta issued the following statement after the Federal Housing Finance Agency announcedÂ that Fannie Mae and FreddieÂ Mac willÂ continue buying qualified loans in forbearance through Sept. 30, 2020.Â In a letter to the FHFA sent Monday, NAR called on the agency to continue its forbearance purchase initiative through this fall while eliminating all fees associated with the program.
“America’s 1.4 million REALTORSÂ®Â are relieved that homebuyers will retain access to affordable mortgage options as the FHFA continues purchasing qualified loans in forbearance through next month,” said Malta. “A strong housing market has helped lead our nation’s recovery process, but the U.S. economy remains in a precarious position as a result of the COVID-19 pandemic. With this move in the right direction, NAR hopes the FHFA will continue working to stabilize markets and provide housing security for more Americans through this and other longer-term initiatives.”
For more information, please visit www.nar.realtor.