Freddie Mac answers your questions on Forbearance for Federally Backed Loans
Relief for Federally Backed Loans. Freddie Mac has outlined the Forbearance collection process for Mortgage Loan Servicer's and their homeowners with Federally Backed Loans. One of the most common mortgage relief options is forbearance, which is offered through your loan servicer (the company listed on your mortgage statement). When entering forbearance, your mortgage payments are suspended until the end of the forbearance period. If you are a homeowner experiencing financia