Eviction Moratorium Extended

August 3, 2021
Eviction-Moratorium-Extended
The current FHA and FHFA eviction moratoriums will remain in place through Thursday, September 30, 2021.

 

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) are extending the moratorium on single-family real estate owned (REO) evictions until Thursday, September 30, 2021. The REO eviction moratorium applies to properties that have been acquired by a GSE through foreclosure or deed-in-lieu of foreclosure transactions.

“The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments,” said FHFA Acting Director Sandra L. Thompson. “Today’s extension of the eviction moratorium protects particularly vulnerable Americans who otherwise would be at risk of losing a place to live.”

The Federal Housing Administration (FHA) has also announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021 and noted the expiration of the foreclosure moratorium on July 31, 2021. This extension is part of President Joe Biden’s announcement on July 29 that federal agencies will use their authority to extend their respective eviction moratoria through the end of September.

Source: DS News