NMHC Member Resource
At the onset of the COVID-19 crisis in the U.S., Fannie Mae and Freddie Mac (the Enterprises), the largest providers of debt capital for the multifamily industry, each began to roll out programs and processes to respond to this event. In normal times, each Enterprise is guided by FHFA, their regulator, in making any changes or modifications to their respective programs. However, in this situation, they are also bound to comply with any legislative requirements—such as those found in the CARES Act, a major relief package authored and approved by Congress.
This fact sheet outlines the current programmatic changes, resources created, and direct information sources developed by each Enterprise. Where appropriate, differences between the two will be identified but in general guidance from FHFA and the CARES Act applies equally to both Enterprises.