FHFA and CDC Residential Eviction Moratoriums Extended

Homeowner paying bill

The Federal Housing Finance Agency (FHFA) announced this week that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until July 31, 2021.

The foreclosure moratorium applies to GSE-backed (government sponsored enterprise), single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an enterprise (Fannie or Freddie) through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums were set to expire on June 30, 2021.

This action is just the latest step FHFA has taken to benefit homeowners and the mortgage market during the pandemic. FHFA continues to monitor the effect of the COVID-19 servicing policies on borrowers, the enterprises, and their counterparties, as well as the mortgage market.

FHFA may extend or sunset its policies based on updated data and health risks. Homeowners and renters can visit consumerfinance.gov/housing for up-to-date information on their relief options, protections, and key deadlines.​

Temporary Halt in Rental Evictions to Prevent Spread COVID-19
Center for Disease Control and Prevention (CDC) Director Rochelle Walensky has signed an extension to the eviction moratorium further preventing the eviction of tenants who are unable to make rental payments.

The moratorium that was scheduled to expire on June 30, 2021 is now extended through July 31, 2021. This is intended to be the final extension of the moratorium.

"The COVID-19 pandemic has presented a historic threat to the nation’s public health," a statement reads. "Keeping people in their homes and out of crowded or congregate settings — like homeless shelters — by preventing evictions is a key step in helping to stop the spread of COVID-19."

You can read the CDC's "Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19" order here.

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