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Renae Merle Profile picture
Renae Merle
@renaemerle
Reporter, The Washington Post, native Texan, Knight Bagehot fellow, Columbia MBA Class 2012, RTs do not equal endorsements.
Mar 18, 2020 • 4 tweets • 1 min read
There is now a 60-day foreclosure moratorium for people with FHA mortgage or one backed by Fannie Mae/Freddie Mac.

There are 8.1 million active FHA loans, and Fannie/Freddie back half the country's mortgages.

wapo.st/38ZPKPY Big deal: Fannie/Freddie borrowers impacted by #coronavirus can ask mortgage servicer for forbearance, allowing them to skip payments for up to *12 months.*

Big question: Will mortgage companies do a better job helping distressed homeowners than they did during financial crisis?