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FHFA offers ‘clarity’ for servicers during forbearance
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The Federal Housing Finance Agency announced a plan to provide “stability and clarity” for servicers working with loans backed by Fannie Mae and Freddie Mac.
But the announcement is a far cry from the liquidity facility that Congress and HUD Secretary Ben Carson have called for to help servicers dealing with skyrocketing forbearances.
Read on for more details from the agency’s announcement.
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