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)

The record

Jurisdiction

United States (Enterprise-backed mortgages)

Level

Federal

Authority

12 U.S.C. §§ 4511, 4513, 4617

Issued

2021-02-25 Feb. 25, 2021

Effective

moratoriums through 2021-06-30; forbearance extensions to 18 months; payment deferral up to 18 months (read as 2021-06-30)

End

2021-06-30 (extended June 24, 2021, Ex. FED-354) (read as 2021-06-30)

In force

June 30, 2021 to June 30, 2021

Quarters

2021 Q12021 Q2

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Other

Addressees

• the Enterprises and their servicers
• borrowers in COVID-19 forbearance

Functions reached

• SV
• ML
• PM

Collection

Federal commerce, travel, workplace and finance layer FED-B

Operative words

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

Notes