Fannie Mae, Freddie Mac approve foreclosure, eviction moratorium for their properties until 2021

Nation: Fannie Mae and Freddie Mac have expanded the moratorium for foreclosures and evictions, to apply to loans they back.


The extension applies only to Fannie Mae and Freddie Mac properties, and was approved after the COVID-19-inspired CARES Act federal moratorium on evictions ended, without renewal, on Aug. 31.


The new moratorium last until Dec. 31, 2020, with possibility for expansion or further actions for 2021. Only single-family mortgages are granted the new relief, effective immediately.


The companies will not evict anyone from homes they back for loans where the property is already in foreclosure, during the remainder of 2020.


Payment requirements on loans are planned to resume, so the possibility of foreclosure itself for a home could still occur once the current moratorium concludes.




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