Federal Housing Finance Agency Extends Moratorium on Foreclosures to January 31st, 2021

The Federal Housing Finance Agency (FHFA) has announced that it has extended its moratorium on single-family home foreclosures and real estate-owned evictions until January 31^st, 2021 at the earliest. Counting this announcement, it is the fourth such extension since the program was announced in March. The previous extension initially set to expire on December 31^st 2020. The moratoriums, are part of the FHFA’s response to the economic impacts of the global pandemic, shield homeowners with mortgages backed by Freddie Mac and Fannie Mae from foreclosures and evictions. Included in the announcement was a statement that the “FHFA will continue to monitor the effect of coronavirus on the mortgage industry and update its policies as needed.”