FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period

FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period

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.

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FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period

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