65% of mortgages will be protected by government moratorium on foreclosures

by Leandra Bernstein

Thu, March 19th 2020, 9:39 PM UTC

Bank repossession, foreclosure and for sale signs sit outside a foreclosed home in Houston. Government-sponsored mortgage lenders Freddie Mac and Fannie Mae announced a program to pause foreclosures in response to the coronavirus outbreak. (AP Photo)

Weekly unemployment insurance claims. (Federal Reserve Bank of St. Louis)

Freddie Mac Corporate Office are seen Sunday, July 13, 2008 in McLean, Va. The U.S. Treasury and the Federal Reserve are announcing steps to shore up mortgage giants Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac either hold or back $5.3 trillion of mortgage debt. That's about half the outstanding mortgages in the United States. (AP Photo/Pablo Martinez Monsivais){ }

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Bank repossession, foreclosure and for sale signs sit outside a foreclosed home in Houston. Government-sponsored mortgage lenders Freddie Mac and Fannie Mae announced a program to pause foreclosures in response to the coronavirus outbreak. (AP Photo)

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