WASHINGTON – The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the COVID-19 (coronavirus) national emergency.
The suspension applies to homeowners with an Enterprise-backed single-family home mortgage.
Earlier this month, FHFA announced the Enterprises would provide payment forbearance to borrowers impacted by the coronavirus. This allows for a mortgage payment to be suspended for up to 12 months for eligible borrowers.
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