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FHA Extends Moratorium on Single-Family Properties

Posted By Administration, Wednesday, September 2, 2020
Yesterday, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020. The decision is backed by the ongoing COVID pandemic. Only Fannie Mae and Freddie Mac-backed single-family mortgages are covered under this extension. The current moratoriums were set to expire on August 1, 2020.

Separately, the Department of Housing and Urban Development (HUD) announced yesterday that FHA is extending its foreclosure and eviction moratorium through Dec. 31, 2020. This extension applies to home owners with FHA-insured single-family mortgages, such as Title II Single Family forward and Home Equity Conversion (reverse) mortgages.

 

To read the full communication from NALHFA, please click here.

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