Update: FHFA Announces Further Extension on Moratorium on Foreclosures and Evictions

Morgan Lewis - All Things FinReg
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Morgan Lewis - All Things FinReg

The Federal Housing Finance Agency (FHFA) announced on June 17 that Fannie Mae and Freddie Mac (the GSEs) are once again extending their moratorium on foreclosures and evictions until at least August 31, 2020. We had discussed the previous extension on the moratorium, which was set to expire on June 30, in a previous blog post. The foreclosure moratorium applies to GSE-backed, single-family mortgages only.

We discussed previous steps that the FHFA was taking in response to the coronavirus (COVID-19) pandemic in a previous blog post. For more information about what servicers should know about managing COVID-19 mortgage loan forbearances, please see our recent LawFlash.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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