September 17, 2020
Freddie Mac implemented a forbearance relief plan in March that allows qualifying Multifamily borrowers to defer up to three months of mortgage payments. In June, we announced new supplemental relief options for qualified affected borrowers. Today, we are releasing our fifth forbearance report, which details data received from master servicers that demonstrates the impact of these plans on our securitizations.
We found that master servicers reported 1,223 forborne securitized loans, or 5% of our total securitized loan population. This equates to about $7.5 billion of outstanding unpaid principal balance (UPB) and represents 2.4% of our total securitized UPB. Other key findings of the August report include:
Check out these links for additional information about our forbearance relief program and its impact to our Multifamily securitizations.
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