The Federal Housing Finance Agency has announced that single-family homeowners with mortgages backed by Fannie Mae and Freddie Mac will be protected from foreclosure for at least another month.
The moratorium, previously set to expire on December 31, will instead last through January 31, if not later. The moratorium also applies to evictions. “This extension gives peace of mind to the more than 28 million homeowners with an enterprise-backed mortgage,” FHFA director Mark Calabria said in a statement, referring to the two government-sponsored enterprises.