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12.3.4.3.2 Fannie Mae post-forbearance options

Significant Law Change

For borrowers with COVID-19 hardships that are exiting forbearance, Fannie Mae has developed options to address the unpaid amounts. While Fannie Mae states that a servicer should determine if the borrower is able to resolve the delinquency with a lump sum or afford a payment plan, its regulator has said lump sums cannot be required at the end of forbearance.53 Fannie Mae provides a menu of alternatives that hinge on whether the borrower can resume making their pre-forbearance mortgage payments.

Footnotes