COVID-19 is wreaking havoc on life as we know it. Little has been left untouched, including the mortgage market and foreclosure process. 

At the federal level, the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae, Freddie Mac and the Federal Home Loan Banks, is providing payment forbearance for up to 12 months to borrowers impacted by the crisis. FHFA also directed Fannie and Freddie to suspend foreclosures for at least 60 days. The Department of Housing and Urban Development also suspended evictions and foreclosures until the end of April.

Many state and local governments are also offering relief to borrowers affected by the crisis.