Freddie Mac: FHLMC Guide Bulletin 2021-06: Temporary Servicing Guidance

Freddie Mac: FHLMC Guide Bulletin 2021-06: Temporary Servicing Guidance

Investor Update
February 10, 2021

Source: Freddie Mac

Freddie Mac has published several Guide Bulletins in 2020 and 2021 with guidance for assisting Borrowers who have been impacted by a COVID-19 hardship. As part of our continuing effort to support Servicers in their work to assist Borrowers who have a hardship due to COVID-19, we are announcing an extension of the COVID-19 foreclosure moratorium and temporary updates to forbearance plans for Borrowers with a COVID-19 hardship and to the COVID-19 Payment Deferral.



All of the changes announced in this Bulletin are effective immediately unless otherwise noted.



We are extending the foreclosure moratorium last announced in Guide Bulletin 2021-3. Servicers must suspend all foreclosure actions, including foreclosure sales, through March 31, 2021. This includes initiation of any judicial or non-judicial foreclosure process, move for foreclosure judgment or order of sale. This foreclosure suspension does not apply to Mortgages on properties that have been determined to be vacant or abandoned.


To assist some Borrowers who enrolled in the COVID-19 forbearance plan in early 2020 and have reached the end of their 12-month term without having resolved their hardship and may need additional forbearance of their monthly Mortgage payments, we are extending the allowable term of the COVID-19 forbearance in accordance with the temporary requirements described in the table below for Borrowers who:

  • Have a COVID-19 related hardship; and
  • Are on an active forbearance plan for a COVID-19 hardship as of February 28, 2021
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