Extension of Foreclosure Moratorium Through the End of the Year for FHA and Fannie Mae Mortgages

On August 27, 2020, the U.S. The Department of Housing and Urban Development and Fannie Mae (FNMA) announced that due to the COVID-19 National Emergency an extension of the moratorium that applies to foreclosures of federally insured FHA and FNMA mortgages has been extended through the end of 2020.

According to a FNMA spokesperson, “With this latest extension of the foreclosure and eviction moratorium, we can continue to help ensure distressed borrowers are able to remain in their homes during this national emergency.”

Additionally tenants who rent homes that are secured by an FHA mortgage are also protected from eviction until December 31, 2020. The eviction protection for Fannie Mae Loans applies only to homes owned by Fannie Mae and does not apply to tenants in homes that have not been foreclosed.

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