Here's what's going on  For FHA-insured mortgage loans and loans backed by Fannie Mae and Freddie Mac (collectively referred to as the GSEs), a 60-day moratorium on foreclosures and evictions effective as of March 18, 2020, and (See  source in link below)For Fannie Mae and Freddie Mac borrowers facing a hardship related to COVID-19, the expansion of forbearance and loan modification eligibility requirements and suspension of adverse credit reporting.FHA Mortgagee Letter

One option is negotiate a Modification of the Note terms. 

Even QM.. we are already seeing modifications. 

Once the crisis ended, he ended up with a loan modification for a better rate and term. 

FHA modifications are typically the easiest ones to qualify too since they do deferments of arrears on most modifications. 

Law firm advisories to banking institutionsA little context: in normal times, any loan modification is considered a "troubled debt restructuring," which is a negative on your credit score. 

Any change in lease terms requested by a tenant because of COVID-19 needs to be documented via a lease modification signed by Landlord and Tenant or else you risk ending up in a he said/she said situation if it ever goes to court..

The downside here is that the last payment in the amortization schedule pushes out past the maturity date of the note (or as defined by the last modification), so at some point in the future a mod or extension agreement would need to be executed to true that up.I would be interested in hearing about any other strategies folks are using.  

Any change in lease terms requested by a tenant because of COVID-19 needs to be documented via a lease modification signed by Landlord and Tenant or else you risk ending up in a he said/she said situation if it ever goes to court..

Have you run into any of these loan modifications?