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Financial Services Law Insights and Observations

FHFA further extends foreclosure moratorium

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

Federal Issues

On January 19, 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 February 28 (which was set to expire on January 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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