The Federal Housing Finance Agency (FHFA) has published a notice that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance under the Department of the Treasury’s Homeowner Assistance Fund (HAF).
“FHFA is committed to sustainable homeownership,” comments FHFA Acting Director Sandra L. Thompson. “This action will provide borrowers who need temporary