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To support households impacted by COVID-19, Fannie Mae today announced an extension of the temporary moratorium on foreclosures and evictions.
The moratorium, which was previously set to expire on Aug. 31, has been extended to Dec. 31, effective immediately, and applies to properties with single-family mortgages backed by Fannie Mae.
“Fannie Mae, along with our lending and servicing partners, remains committed to supporting households who are experiencing job loss, a reduction in work hours or income, or other issues due to COVID-19,” said Malloy Evans, senior vice president and single-family chief credit officer, Fannie Mae. “With this latest extension of the foreclosure and eviction moratorium, we can continue to help ensure distressed borrowers are able to remain in their homes during this national emergency.”
“For homeowners who may be struggling with their mortgage or facing possible foreclosure, assistance options are available and can provide much-needed relief. We encourage you to reach out to your servicer as soon as possible to get help,” Evans said.
Homeowners can find out if they have a Fannie Mae-owned mortgage by visiting KnowYourOptions.com/loanlookup. Fannie Mae also offers help to homeowners navigating the broader financial effects of this crisis through the company’s Disaster Response Network.
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