The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, subject to the continued tenant protections FHFA imposed during the pandemic. The programs were set to expire March 31.
The Biden Administration today announced a coordinated extension and expansion of forbearance and foreclosure relief programs. The programs, set to expire at the end of March, have now been extended through June 30.
As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.