U.S. Orders Up To A Year-Long Break On Mortgage Payments
The federal government is telling lenders to lower or suspend mortgage payments up to 12 months for homeowners who have lost income due to the coronavirus outbreak.
Updated at 2:49 p.m. ET
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months.
Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders homeowners . The move covers about half
