The Federal Housing Finance Agency (FHFA) announced August 27 that Fannie Mae and Freddie Mac will be extending their moratorium on foreclosures and evictions at least through the end of 2020. This is the third time the FHFA has extended the expiration date, after first announcing in May that the moratorium would expire on June 30 and then extending it through August 31.

The move is a continuation of a directive from the FHFA, in which Fannie Mae and Freddie Mac were originally instructed on March 18 to suspend foreclosures and evictions for at least 60 days. The FHFA had enacted the first moratorium in response to the national emergency that was declared on March 13 by President Trump due to the COVID-19 outbreak.

Additional industry, state and regional announcements related to changes in deadlines and regulatory requirements as a result of COVID-19 may be found on USFN's COVID-19 Industry Announcements and Headlines page. 

Copyright © 2020 USFN. All rights reserved.