Mortgage buyers Fannie Mae and Freddie Mac say they will temporarily suspend foreclosure sales and evictions of borrowers in single-family homes owned by their companies. The action is among many efforts nationwide to protect those affected by the coronavirus pandemic. The government-controlled companies also announced an expansion of forbearance programs and the suspension of reporting to credit bureaus of past due payments for certain borrowers hurt by the national emergency. Fannie Mae and Freddie Mac do not make loans, but buy them from lenders and bundle them into securities, guarantee them against default and sell them to investors.
