The Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac, has suspended foreclosures and REO evictions until at least January 31, 2021. This moratorium is the latest extension of the 60-day suspension that the FHFA first put in place on March 18, 2020.
The foreclosure moratorium applies to Fannie- and Freddie-backed, single-family mortgages. The eviction moratorium applies to properties that Fannie Mae or Freddie Mac have acquired through foreclosure or deed in lieu of foreclosure transactions. To find out if Fannie Mae or Freddie Mac owns your loan, use the Fannie Mae lookup tool and Freddie Mac loan-lookup tool. You can also ask your servicer (often your bank or lender) if Fannie Mae or Freddie Mac owns or guarantees your loan.
Some states and cities have also enacted emergency foreclosure moratoriums and bans on evictions due to the COVID-19 outbreak. Even though many of these moratoriums have expired, if the foreclosure or eviction moratorium for Fannie Mae and Freddie Mac loans doesn’t apply to you, one of the remaining suspensions might.
Effective date: December 2, 2020