Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

Filed in Housing Finance by on July 30, 2021 0 Comments

fhfa eviction moratorium announcementThe Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021. 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 moratorium was set to expire on July 31, 2021.

Separately, the Federal Housing Administration (FHA) announced that it is extending its foreclosure-related eviction moratorium for foreclosed borrowers through Sept. 30, 2021. This extension ensures borrowers with FHA-insured mortgages are not immediately displaced from their homes as well as provides them more time to apply for federal, state, or local housing resources or request assistance from a HUD-approved housing counseling agency.

Finally, the U.S. Department of Agriculture Rural Development is extending its moratorium on evictions through Sept. 30, 2021 for the Single Family Housing Direct Loan Program.

 

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