FHFA and FHA Extend Single-Family Foreclosure and Eviction Moratoriums Through Dec. 31, 2020

Disaster Response

The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions at least through Dec. 31, 2020. The foreclosure and eviction moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The current moratorium was set to expire on Aug. 31.

Separately, HUD announced that the Federal Housing Administration (FHA) is also extending its foreclosure and eviction moratorium an additional four months through Dec. 31, 2020, for home owners with FHA-insured single-family mortgages.

FHA's single-family foreclosure and eviction moratorium extension applies to home owners with FHA-insured Title II Single Family forward and Home Equity Conversion (reverse) mortgages, and continues to direct mortgage servicers to:

  • Halt all new foreclosure actions and suspend all foreclosure actions currently in process, excluding legally vacant or abandoned properties; and
  • Cease all evictions of persons from FHA-insured single-family properties, excluding actions to evict occupants of legally vacant or abandoned properties.

Both FHFA and FHA said these moves were made to protect borrowers and renters who are at risk of losing their home due to the COVID-19 pandemic.

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