relief for homeowners

[Nitanga Jean De Dieu]

Sec. 4022. Foreclosure moratorium and consumer right to request forbearance.

Provides relief for homeowners with FHA, USDA, VA, or Section 184 or 184A mortgages and those with mortgages backed by Fannie Mae or Freddie Mac from falling behind on payments. These borrowers will have the ability to request a forbearance on their payments for up to 6 months, with a possible extension for another six months without fees, penalties, or extra interest. Homeowners with FHA, USDA, VA, or Section 184 or 184A mortgages, or mortgages backed by Fannie Mae and Freddie Mac, who are facing foreclosure, will also have 60-day relief from foreclosure or being forced to relocate as we address the COVID-19 pandemic.