WASHINGTON—Mortgage giants Fannie Mae and Freddie Mac are suspending foreclosures and evictions of homeowners behind on their mortgages—and at risk of losing their homes—in the latest federal response to the outbreak of the coronavirus.
The 60-day suspension—announced Wednesday by the Federal Housing Finance Agency, the mortgage-finance companies’ independent federal regulator—affects some 182,000 homeowners who are in some stage of the foreclosure process, out of the roughly 28 million single-family mortgages backed by Fannie...
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The stock market plummeted and burned the insurance four times! Trump has made history, and now he has banned housing transactions, which is to prevent foreign capital from fleeing, and the U.S. economy has been in crisis.
Transunion, Equifax, and Experian, must suspend credit reporting for 90 days! Thousands will not be able to pay their bills and it’s not their fault.
What about the credit rating agencies.. Will they ignore the late payments in these few months? If not when we are out there will be a lot of people with damaged credit.