23March 2020
3/23/20 Update: Fannie Mae and Freddie Mac are suspending foreclosures and evictions for at least 60 days and up to 12 months due to the coronavirus national emergency. This suspension applies to homeowners with an Enterprise-backed single-family mortgage.
The move comes after the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to help borrowers who are at risk of losing their home.
“This foreclosure and eviction suspension allows homeowners with an Enterprise-backed mortgage to stay in their homes during this national emergency,” said Director Mark Calabria. “As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage should reach out to their mortgage servicers as soon as possible. The Enterprises are working with mortgage servicers to ensure that borrowers facing hardship because of the coronavirus can get assistance.”
Borrowers should note that they will need to contact the lender they send checks to every month to establish a new short-term agreement — and not simply stop paying their mortgages.
You can read the FHFA statement here.
3/23/20 Update: Entrepreneur.com published 65 FREE tools to help your business (and family members) get through these challenging times.
As more states around the U.S. close schools and advise against nonessential movement, it’s more important than ever to stay connected in new ways — and preferably, for free.
Entrepreneur.com recently collected a large list of 65 free tools to help you through the coronavirus pandemic.
We highly recommend you read the entire list!
Now is the time to support each other and remember that we’re all in this together — and we’ll get through it together.
Tony & Yolanda
Here at Maximize Printing, we are committed to staying open, serving small businesses and delivering all current, future and in-process orders and direct mail campaigns without halt despite COVID-19.