Freddie Mac issued Bulletin 2020-34 (Bulletin): COVID-19 Foreclosure Moratorium Extension and Disaster Forbearance Updates. The Bulletin announces the extension of the COVID-19 foreclosure moratorium through December 31, 2020. The Bulletin additionally acknowledges that achieving quality right party contact (QRPC) is not always possible in disaster situations. Therefore, in circumstances where the servicer has not yet achieved QRPC, the servicer may place a borrower (who becomes 31 days or more delinquent after an Eligible Disaster) into a forbearance plan for up to 90 days. The changes to disaster forbearance are effective immediately.
Click to view the Freddie Mac Bulletin 2020-34: https://www.tenaco.com/wp-content/uploads/2020/09/Freddie-Mac-Bulletin_2020-34.pdf
