Federal Housing Authority Extends Foreclosure and Eviction Moratorium Through February 28th, 2021

The Department of Housing and Urban Development (HUD) has announced (12/21) that the Federal Housing Administration (FHA) is providing a two-month extension of its foreclosure and eviction moratorium, and initial forbearance requests through Sunday, February 28th, 2021. This current extension marks the fourth eviction moratoria extension the FHA has enacted since the COVID-19 pandemic began. In prepared remarks HUD Secretary Ben Carson said, “Today’s foreclosure moratorium and forbearance extensions for single family homeowners ensure American homeowners continue to have the critical relief and support they need to get back to financial stability.” Earlier, on December 2nd, the Federal Housing Finance Agency (FHFA) also extended its foreclosure moratorium for borrowers with mortgages backed by Fannie Mae and Freddie Mac – though for just a one-month grace period to January 31st.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
FHA extends foreclosure and forbearance policies to 2021