WASHINGTON—Fannie Mae and Freddie Mac have extended the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021, the Federal Housing Finance Agency (FHFA) announced.
The REO eviction moratorium applies to properties that have been acquired by Fannie/Freddie through foreclosure or deed-in-lieu of foreclosure transactions. The current moratorium was set to expire on July 31, 2021.
“The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments. Today’s extension of the eviction moratorium protects particularly vulnerable Americans who otherwise would be at risk of losing a place to live,” said Acting Director Sandra L. Thompson in a statement.
The REO eviction moratorium is just the latest step FHFA said it has taken to benefit homeowners, renters, and the mortgage market during the pandemic.
The FHFA reported it continues to monitor the effect COVID-19 has on borrowers, on Fannie and Freddie, and on their counterparties, and the mortgage market.