FHFA Extends Foreclosure and Eviction Moratoriums
On June 24, 2021, the Federal Housing Finance Agency (FHFA) announced the extension of the Fannie Mae and Freddie Mac moratorium on single-family foreclosures from June 30, 2021 to July 31, 2021. The moratorium on evictions from single-family homes owned by Fannie Mae or Freddie Mac also is extended until July 31, 2021. The announcement does not address evictions from multifamily properties subject to a Fannie Mae or Freddie Mac loan.
Fannie Mae addresses the extension of the foreclosure moratorium in an update to Lender Letter 2021-02, and Freddie Mac addresses the extension in Bulletin 2021-23. Fannie Mae and Freddie Mac advise that the foreclosure moratorium does not apply to properties determined to be vacant or abandoned.
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