{"id":"FED-353","kind":"order","level":"federal","jurisdiction":"United States (Enterprise-backed mortgages)","state":"","metro":"","industry":"","agency":"","eco":"","issuer":"Federal Housing Finance Agency","authority":"12 U.S.C. §§ 4511, 4513, 4617","instrument":"FHFA news release of Feb. 25, 2021: FHFA Extends COVID-19 Forbearance Period and Foreclosure and REO Eviction Moratoriums (to June 30, 2021; forbearance to 18 months)","title":"FHFA Extends COVID-19 Forbearance Period and Foreclosure and REO Eviction Moratoriums","dateIssued":"2021-02-25","effective":"moratoriums through 2021-06-30; forbearance extensions to 18 months; payment deferral up to 18 months","end":"2021-06-30 (extended June 24, 2021, Ex. FED-354)","startDate":"2021-06-30","endDate":"2021-06-30","quarters":["2021Q1","2021Q2"],"types":["OTHER"],"addressees":["the Enterprises and their servicers","borrowers in COVID-19 forbearance"],"clause":"FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-[family foreclosures and real estate owned (REO) evictions until June 30, 2021.]... [Borrowers] may be eligible for an additional three-month extension of COVID-19 forbearance [allowing them to remain in forbearance for] up to 18 months.... COVID-19 Payment Deferral for borrowers with an Enterprise-backed mortgage can now cover up to 18 months of missed payments.","enforcement":"conservator\u0027s direction","functions":["SV","ML","PM"],"notes":"In force Mar. 31 - Apr. 1 and June 30, 2021.","sourceUrl":"https://www.fhfa.gov/news/news-release/fhfa-extends-covid-19-forbearance-period-and-foreclosure-and-reo-eviction-moratoriums","snapshot":"","fileExists":true,"fileBytes":154037,"grade":"secondary","character":"","description":"","collection":"FED-B","url":"/library/FED-353","exhibitUrl":"/exhibit/FED-353","citation":"Federal Housing Finance Agency, FHFA news release of Feb. 25, 2021: FHFA Extends COVID-19 Forbearance Period and Foreclosure and REO Eviction Moratoriums (to June 30, 2021; forbearance to 18 months) (Ex. FED-353)","stateName":"","related":["FED-354","FED-351","FED-352","FED-377"]}