FHFA extends moratorium on evictions, foreclosures for two more months
A number of protections set in place for renters struggling during the coronavirus pandemic are expiring, leaving them vulnerable to more than 真人百家家乐官网网站homelessness. USA TODAY
Federal foreclosure and eviction moratoriums set to expire at the end of June have been extended two months, a move aimed at helping 真人百家家乐官网网站homeowners and renters struggling financially because of the coronavirus pandemic.
Freddie Mac and Fannie Mae will extend the moratorium on foreclosures and evictions on single-family 真人百家家乐官网网站homes until at least Aug, 31, the Federal Housing Finance Agency said Wednesday. The protections were scheduled to expire June 30.
"During this national health emergency, no one should worry about losing their 真人百家家乐官网网站home," Mark Calabria, director of the Federal Housing Finance Agency, said in a statement.
Video tours? Suburbs vs cities? Buying, selling a 真人百家家乐官网网站home to look different after COVID-19
The Department of Housing and Urban Development said Wednesday that the Federal Housing Administration will extend its foreclosure and eviction moratorium through Aug. 31. This marked the second extension for the program after it began in March with a 60-day moratorium. It was extended until the end of June.
The federal government CARES Act and various cities and banks are offering relief. Here's what you should know. USA TODAY
“While the economic recovery is already underway, many American families still need more time and assistance to regain their financial footing,” Ben Carson, secretary of HUD, said in a statement. “Our foreclosure and eviction extension means that these families will not have to worry about losing their 真人百家家乐官网网站home as they work to recover from the financial impacts of COVID-19.”
Borrowers with federally backed loans can pause or reduce payments for up to a year because of the Coronavirus Aid, Relief and Economic Security Act passed in March. Some loan servicers may have forbearance or deferment options for non-government-backed or private loans.