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Financial Services Law Insights and Observations

FHFA extends foreclosure moratorium

Federal Issues FHFA Covid-19 Foreclosure Fannie Mae Freddie Mac Mortgages GSE

Federal Issues

On December 2, the FHFA announced that Fannie Mae and Freddie Mac (GSEs) will extend their moratorium on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021 (which was set to expire on December 31, previously covered here). The foreclosure moratorium applies to homeowners with a GSE-backed, single-family mortgage, and the REO eviction moratorium applies to properties that were acquired by the GSEs through foreclosure or deed-in-lieu of foreclosure transactions.

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