HomeNews. FHFA says it will continue to monitor the effect of coronavirus on the mortgage industry and update its policies as needed. FHFA, HUD, and VA Announce Extension of Foreclosure Moratoriums Through December 31. by the Mortgage Banking Group. Federal foreclosure and eviction moratoriums set … It applies to GSE-backed, single-family mortgages only. FOR IMMEDIATE RELEASE. FHFA Extends Foreclosure And REO Eviction Moratoriums. The Federal Housing Finance Agency (FHFA) announced on December 2, 2020, the extension of the Fannie Mae and Freddie Mac moratorium … This extension will continue the moratorium on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021, according to a news release. US foreclosure activity eases as FHFA extends moratoriums. FHFA and HUD Extend Foreclosure Moratoriums – Fannie and Freddie Provide Guidance Regarding Termination of Mortgage Insurance – JD Supra. 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. The foreclosure moratorium applies to Fannie- and Freddie-backed, single-family mortgages. FHFA and HUD Extend Foreclosure Moratoriums – Fannie and Freddie Provide Guidance Regarding Termination of Mortgage Insurance by the Mortgage Banking Group The Federal Housing Finance Agency (FHFA) announced on December 2, 2020, the extension of the Fannie Mae and Freddie Mac moratorium on single-family foreclosures from December 31, 2020, to January 31, 2021. The moratorium, originally set to expire on Dec. 31, was extended this week through at least Jan. 31, the Federal Housing Financing Agency (FHFA) announced Wednesday. by Candyd Mendoza 11 Dec 2020. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. Keith Griffin. The FHFA announced that Fannie Mae and Freddie Mac would extend their moratoriums on single-family foreclosures and real estate-owned evictions until at least Dec. 31. The REO eviction moratorium applies to properties that have been acquired by Fannie Mae or Freddie Mac through foreclosure or deed-in-lieu of foreclosure transactions. FHFA Extends Foreclosure, Eviction Moratorium to Jan. 31. FHFA says it will continue to monitor the coronavirus’ impact on the mortgage industry and update policies as needed. This is in addition to the $6 billion in costs already incurred. FHFA extends foreclosure and eviction moratorium for a third time to Dec. 31 FHFA Director Calabria says most recent extension will protect … Read More At: Article Source. It applies to more than 28 million homeowners with a mortgage backed by Fannie Mae and Freddie Mac, shielding homeowners from foreclosure and related evictions. The FHFA urges any homeowners struggling with mortgage payments to review options with their lender. "To protect borrowers and renters during the pandemic we are extending the Enterprises' foreclosure and eviction moratorium. This is the fourth time the FHFA has extended its moratorium deadline on foreclosures and evictions. Foreclosure moratorium applies to Enterprise-backed mortgages; eviction moratorium applies to Enterprise-owned properties . FHFA extends foreclosure moratorium to end of August The order applies to the more than half of U.S. mortgages backed by Fannie Mae and Freddie Mac June 17, … This marks the fourth time FHFA has extended the moratorium. Homeowners … Jessica Menton . The Federal Housing Administration (FHA) and HUD announced, a few weeks following FHFA's similar announcement, the fourth extension of its foreclosure and eviction moratorium … Share & print WASHINGTON, D.C. – Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on … Posted by Editor - Finance Top Stories | Dec 23, 2020 | Financial | 0 | FHFA and HUD Extend Foreclosure Moratoriums – Fannie and Freddie Provide Guidance Regarding Termination of Mortgage Insurance JD Supra. Four days shy of their expirations, the Federal Housing Financing Agency has extended its moratoriums on single-family foreclosures and real estate owned evictions until at least Dec. 31, 2020. The foreclosure moratorium applies to enterprise-backed, single-family mortgages only. FHFA extends moratorium on evictions, foreclosures for two more months. It extends the latest extension deadline of December 31st. “This foreclosure and eviction suspension allows homeowners with an Enterprise-backed mortgage to stay in their homes during this national emergency," said FHFA Director Mark Calabria. FHFA extends foreclosure and REO eviction moratoriums through at least January 31, 2021 Additional federal action is needed to prevent wave of evictions when CDC moratorium expires at the end of December. The foreclosure moratorium applies to GSE-backed single-family mortgages only. FHFA Wednesday announced the fourth extension of its foreclosure and eviction moratorium through “at least” January 31. The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. The Federal Housing Finance Authority (FHFA) and Department of Housing and Urban Development (HUD) announced on Dec. 2 it will extend its foreclosure and eviction moratorium … FHFA extends foreclosure and eviction moratorium By NMN Staff December 03, 2020, 10:44 a.m. EST . WASHINGTON - Today, the Federal Housing Administration (FHA) announced a two-month extension of its foreclosure and eviction moratorium … FHFA Wednesday announced the fourth extension of its foreclosure and eviction moratorium through "at least" January 31.. (However, when the FHFA announced … FHA EXTENDS FORECLOSURE AND EVICTION MORATORIUM FOR SINGLE FAMILY HOMEOWNERS FOR ADDITIONAL TWO MONTHS Extension Through August 31, 2020, Provides More Security for Homeowners Impacted by the Coronavirus Outbreak. The moratorium on evictions from single-family homes … Currently, FHFA projects additional expenses of $1.1 to $1.7 billion will be borne by the enterprises due to the existing COVID-19 foreclosure moratorium … On August 27, 2020, the Federal Housing Finance Agency (FHFA) announced the extension of the Fannie Mae and Freddie Mac moratorium on single-family foreclosures from August 31, 2020, to December 31, 2020. 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