FHFA Extends Limited Eviction Moratorium on Fannie & Freddie Acquisitions

The Federal Housing Finance Agency has extended a limited eviction moratorium on properties owned by Fannie Mae and Freddie Mac, pushing the lapse of that ban back another two months.

The FHFA said in a press release that it was extending the moratorium on “single-family real estate owned” properties, specifically ones that “have been acquired by [Fannie Mae or Freddie Mac] through foreclosure or deed-in-lieu of foreclosure transactions.”

“The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments,” Acting FHFA Director Sandra Thompson said in the release. “Today’s extension of the eviction moratorium protects particularly vulnerable Americans who otherwise would be at risk of losing a place to live.”

The FHFA’s extended ban will expire on Sept. 30.

The broader federal eviction moratorium lapsed on July 31. Several states have undertaken their own moratoriums to buy homeowners more time to make payments; policymakers on Capitol Hill, meanwhile, have been scrambling to re-up the federal moratorium in the hopes of avoiding a wave of foreclosures and evictions.