The Federal Housing Administration and Federal Housing Finance Agency announced that they are extending foreclosure and eviction moratoriums another two months to help homeowners financially impacted by the COVID-19 pandemic.
The government agencies are extending until Aug. 31 foreclosure and eviction moratoriums for homeowners whose single-family mortgages are insured by the FHA and backed by either Fannie Mae or Freddie Mac. The original moratorium was to expire on June 30.
“While the economic recovery is already underway, many American families still need more time and assistance to regain their financial footing,” says HUD Secretary Ben Carson. “Our foreclosure and eviction extension means that these families will not have to worry about losing their home as they work to recover from the financial impacts of COVID-19.”
Homeowners with government-backed mortgages should continue to make their mortgage payments during the foreclosure and eviction moratorium if they’re able to. If not, they can seek mortgage forbearance from their mortgage servicer.
A list of government protections and assistance programs for homeowners struggling to make their mortgage payments is available at a joint website from the Department of Housing and Urban Development, the FHFA, and the Consumer Financial Protection Bureau: cfpb.gov/housing
