COVID-19: Federal CARES Act Stimulus Provides Relief for Federally Backed Residential and Multifamily Mortgage Loans | Practical Law
Congress passed the nearly $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (PL 116-136). The CARES Act includes relief programs for residential and commercial multifamily mortgage borrowers with federally backed mortgages. Relief includes forbearance and foreclosure suspension.