18.104.22.168 Mortgage Forbearance
Freddie Mac has authorized its servicers to provide a forbearance period of up to twelve months for borrowers affected by Hurricanes Harvey, Irma, and Maria, although it has not required servicers to do so.
If the servicer is in communication with the homeowner, the servicer has the discretion to place the borrower in a forbearance plan for up to twelve months based on the circumstances.135
When a servicer is not in contact with a borrower who is or becomes thirty-one or more days’ delinquent, it has the discretion to place the borrower in a short-term forbearance plan (as provided in sections 9203.12 through 9203.16 of the Freddie Mac Single-Family Seller/Servicer Guide).136
135 Freddie Mac Single-Family Seller/Servicer Guide § 8404.4(b).
136 A servicer should determine whether to provide short-term forbearance and the length of such forbearance by assessing: (1) the extent of the property damage, as derived through property inspections, and/or (2) the financial impact to the borrower as a result of the eligible disaster. Freddie Mac Single-Family Seller/Servicer Guide § 8404.4(a).