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Financial Services Law Insights and Observations

FHA extends foreclosure and eviction moratorium for two more months

Federal Issues Covid-19 FHA Foreclosure Evictions Mortgages

Federal Issues

On June 17, FHA announced that it will extend its foreclosure and eviction moratorium through August 31, 2020, which applies to homeowners with FHA-insured Title II Single Family forward and Home Equity Conversion (reverse) mortgages, excluding legally vacant or abandoned properties (previously discussed here and here). The announcement also reminds servicers of their obligations under the CARES Act.

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