Fannie Mae Lender Letter LL-2020-05 Payment Deferral

March 25, 2020

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Fannie Mae is introducing payment deferral, a new home retention workout option jointly developed with Freddie Mac at the direction of the FHFA to assist eligible borrowers who have resolved a temporary hardship and resumed their monthly contractual payments but cannot afford either a full reinstatement or repayment plan to bring the loan current, effective December 1, 2020 with optional implementation on or after July 1, 2020.

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