Mortgage Servicing and Loan Modifications: 12.3.5.2.3 Eligibility for Freddie Mac COVID-19 deferral
Freddie Mac’s initial option for addressing forborne payments is its COVID-19 deferral program.350 To access this option, borrowers must have their COVID-19 hardship identified before November 1, 2023, and the final evaluation for the deferral must be completed before November 1, 2024.351 Borrowers with hardships identified on or after November 1, 2023, may have access to the standard deferral described in Chapter 7.