July 21, 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 15th forbearance report, which details data received from master servicers that demonstrates the impact of these plans on our securitizations.
Master servicers on Freddie Mac securitized loans have reported 813 forborne loans totaling $5.4 billion as of June 25. This equates to 1.5% of the outstanding securitized unpaid principal balance (UPB) and 3.0% of the total Freddie Mac securitized loan population by loan count.
Check out these links for additional information about our forbearance relief program and its impact to our Multifamily securitizations.
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