(Bloomberg) — Fannie Mae and Freddie Mac’s regulator is confronting a fresh crisis for the U.S. housing market: The companies won’t buy recently issued loans that were made to borrowers who already can’t afford their monthly payments because of coronavirus.Industry executives have told Fannie and Freddie’s watchdog, the Federal Housing Finance Agency, that the issue is causing severe disruptions for the real estate sector because it’s preventing the mortgage giants from guaranteeing new loans in forbearance. In response, an update to Fannie and Freddie’s policies aimed at easing the problem may be announced as soon as this week, said people …read more
Source:: Yahoo Finance
