WASHINGTON—After recently extending some coronavirus pandemic-related loan flexibilities, the Federal Housing Finance Agency (FHFA) has now extended its temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance through Nov. 30.
The agency has extended this policy several times; it was most recently set to expire at the end of October.
The FHFA said the pricing adjustment is to mitigate the heightened risk of loss to the GSEs related to these loan purchases.
NAFCU noted the agency has taken other steps to address pandemic-related risks, including by implementing a policy change for the GSEs to impose a 0.5% fee on most mortgage refinance loans.