The Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) announced they are extending their respective foreclosure and eviction moratoriums to August 31, 2020. The current moratoriums, which were initiated to help borrowers and renters who were financially impacted by the coronavirus national emergency, were originally set to expire June 30, 2020.
Fannie Mae and Freddie Mac’s (Enterprises) single-family moratorium on foreclosures and evictions applies to Enterprise-backed, single-family mortgages only. FHA’s extension continues to apply to all FHA Title II single family forward mortgage and Home Equity Conversion Mortgage (reverse) programs, except for those secured by vacant and/or abandoned properties. The extension does not apply to Enterprise-backed multi-family loans.