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  2. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    In the task at hand to make headway against foreclosures and the depressed housing market. Fannie Mae and Freddie Mac entered a new phase on December 9, 2008 for a fast-track program meant to make "hundreds of thousands of mortgages affordable to people who can't currently meet their monthly payments." [16]

  3. Foreclosure and eviction moratorium is extended through the ...

    www.aol.com/news/foreclosure-and-eviction...

    Fannie Mae and Freddie Mac, the two government agencies that back millions of mortgages for Americans will extend moratoriums and evictions on single-family foreclosures until December 31st 2020.

  4. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

  5. Government policies and the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_policies_and...

    "Over the past decade Fannie Mae and Freddie Mac have reduced required down payments on loans that they purchase in the secondary market. Those requirements have declined from 10% to 5% to 3% and in the past few months Fannie Mae announced that it would follow Freddie Mac's recent move into the 0% down payment mortgage market." [153]

  6. Mortgage Foreclosure Freeze Ends Soon — Here Are the ... - AOL

    www.aol.com/finance/mortgage-foreclosure-freeze...

    An important COVID-era protection against foreclosures is about to end, and some banks will not extend the benefit. Currently, Americans are protected from losing their homes through a foreclosure...

  7. Fannie Mae vs. Freddie Mac: What’s the difference? - AOL

    www.aol.com/finance/fannie-mae-vs-freddie-mac...

    During the COVID-19 pandemic, Fannie Mae and Freddie Mac offered mortgage relief and protections to homeowners, including forbearance, loan modification programs and a moratorium on foreclosures ...

  8. Forbearance - Wikipedia

    en.wikipedia.org/wiki/Forbearance

    To avoid foreclosure, the lender and the borrower can make an agreement called "forbearance." According to this agreement, the lender delays its right to exercise foreclosure if the borrower can catch up to its payment schedule by a certain time. This period and the payment plan depend on the details of the agreement that is accepted by both ...

  9. Foreclosure Moratorium Is Ending in 10 Days — Here ... - AOL

    www.aol.com/finance/foreclosure-moratorium...

    In June, the Biden administration announced the CDC's decision to extend the foreclosure moratorium until July 31 for federally backed mortgages. The administration also announced this would be the...