Federally backed multifamily mortgage loan
Defined in 2 places of the United States Code.
The term “Federally backed multifamily mortgage loan” includes any loan (other than temporary financing such as a construction loan) that—
(A) is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of 5 or more families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and
(B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the Secretary of Housing and Urban Development or a housing or related program administered by any other such officer or agency, or is purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.
Same definition in 2 sections
- 2020–present15 U.S.C. § 9057Commerce and Trade · Forbearance of residential mortgage loan payments for multifamily properties with Federally backed loans · in this section
- 2026–present15 U.S.C. § 9058Commerce and Trade · Temporary moratorium on eviction filings · in this section
The term "Federally backed multifamily mortgage loan" includes any loan (other than temporary financing such as a construction loan) that—
(A) is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of 5 or more families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and
(B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the Secretary of Housing and Urban Development or a housing or related program administered by any other such officer or agency, or is purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.
During the 120-day period beginning on March 27, 2020, the lessor of a covered dwelling may not—
Source
- 2020–202615 U.S.C. § 9058Commerce and Trade · Temporary moratorium on eviction filings · in this section