Borrowers can now be in COVID forbearance for up to 15 months
FOR IMMEDIATE RELEASE
Washington, D.C. – 2/9/2021 – The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums were set to expire on February 28, 2021.
FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period
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