The Federal Housing Finance Agency (FHFA) announced Friday Fannie Mae and Freddie Mac are extending the moratorium on single-family real estate owned (REO) evictions until Sept. 30.
The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions.
The current moratorium was set to expire on July 31.
FHFA continues to monitor the effect COVID-19 has on borrowers, the Enterprises and their counterparties, and the mortgage market. FHFA may revisit its policies based on updated data and health risks.