{"id":"AGY-FED-FINANCIAL-099","kind":"order","level":"federal","jurisdiction":"United States; Federal Housing Finance Agency, as regulator and conservator of Fannie Mae and Freddie Mac (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Federal Housing Finance Agency","authority":"12 U.S.C. § 4617(b)(2)","instrument":"FHFA approval of April 22, 2020 for Enterprise purchase of qualified single-family loans in forbearance","title":"FHFA Announces that Enterprises will Purchase Qualified Loans in Forbearance to Keep Lending Flowing","dateIssued":"2020-04-22","effective":"2020-04-22 (loans closed on or after February 1, 2020 and delivered by May 31, 2020; extended repeatedly through 2020)","end":"Extended through at least Nov.-Dec. 2020 by later FHFA announcements","startDate":"2020-04-22","endDate":"2020-12-31","quarters":["2020Q2","2020Q3","2020Q4"],"types":["OTHER"],"addressees":["Fannie Mae and Freddie Mac and their seller/servicers"],"clause":"FHFA Announces that Enterprises will Purchase Qualified Loans in Forbearance to Keep Lending [Flowing]... [The Federal Housing Finance Agency] (FHFA) is approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility [criteria, subject to loan-level price adjustments].","enforcement":"Enterprise purchase eligibility; FHFA conservatorship direction","functions":["ML mortgage origination and secondary-market delivery (borrowers entering forbearance between closing and sale)","SV servicing","CB borrowers under CARES Act § 4022"],"notes":"Records the federal finding that borrowers were entering CARES Act forbearance so quickly after closing that lenders\u0027 warehouse and delivery functions were disrupted","sourceUrl":"https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-that-Enterprises-will-Purchase-Qualified-Loans.aspx","snapshot":"https://web.archive.org/web/20200601/https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-that-Enterprises-will-Purchase-Qualified-Loans.aspx","fileExists":true,"fileBytes":239602,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-099","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-099","citation":"Federal Housing Finance Agency, FHFA approval of April 22, 2020 for Enterprise purchase of qualified single-family loans in forbearance (Apr. 22, 2020) (Ex. AGY-FED-FINANCIAL-099)","stateName":"","related":[]}