April 23, 2021
Freddie Mac implemented a forbearance relief plan in March 2020 that allows qualifying Multifamily borrowers to defer up to three months of mortgage payments. In June 2020, we announced new supplemental relief options for qualified affected borrowers. Today, we are releasing our 12th forbearance report, which details data received from master servicers that demonstrates the impact of these plans on our securitizations.
Read the March report.
We found that master servicers reported 1,171 forborne securitized loans, or 4.5% of our total securitized loan population. This equates to about $7.4 billion of outstanding unpaid principal balance (UPB) and represents 2.2% of our total securitized UPB. Other key findings include:
Check out these links for additional information about our forbearance relief program and its impact to our Multifamily securitizations.
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