WASHINGTON – The Federal Housing Finance Agency (FHFA) announced Wednesday that Fannie Mae and Freddie Mac (“the Enterprises”) will extend their single-family moratorium on foreclosures and evictions until at least Aug. 31.
The two-month extension is intended to help borrowers and renters who are at risk of losing their homes due to the coronavirus national emergency.
The foreclosure moratorium applies to Enterprise backed, single-family mortgages only. The current moratorium was set to expire on June 30. “During this national health emergency no one should worry about losing their home,” said FHFA Director Mark Calabria.
FHFA will continue to monitor the coronavirus situation and update policies as needed. To understand the protections and assistance the government is offering people having trouble paying their mortgage, visit the joint Department of Housing and Urban Development, FHFA, and the Consumer Financial Protection Bureau website at cfpb.gov/ housing.