The Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac (often called quasi-governmental "enterprises"), has suspended foreclosures and REO evictions until at least December 31, 2020. This moratorium is the third extension of the 60-day suspension that the FHFA first put in place on March 18, 2020. FHFA later extended the moratorium until June 30, 2020, and then announced a further extension until August 31, 2020.
The foreclosure moratorium applies to Fannie- and Freddie-backed (enterprise-backed), single-family mortgages. It does not, according to Lender Letter 2020-02, apply to vacant or abandoned properties. The eviction moratorium applies to properties that Fannie Mae or Freddie Mac has 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 if Fannie Mae or Freddie Mac owns or guarantees your loan, or call 800-232-6643 (Fannie Mae) or 800-373-3343 (Freddie Mac).
Many states and cities, as well as other governmental entities, have also enacted emergency foreclosure moratoriums and bans on evictions due to the COVID-19 outbreak. Even if the foreclosure or eviction moratorium for Fannie Mae and Freddie Mac loans doesn’t apply to you, one of these suspensions might.
Effective date: August 27, 2020