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On August 27, 2020, the Federal Housing Finance Authority (FHFA) and Department of Housing and Urban Development (HUD) announced they will extend their  foreclosure and eviction moratorium through the end of 2020.   The foreclosure and eviction moratorium has been in effect since March 18, 2020, and will benefit 28 million homeowners who have mortgages guaranteed by Fannie Mae and Freddie Mac.  Under the moratorium, direct mortgage servicers are required to halt all new foreclosure actions and suspend any that are in process for FHA-insured single-family properties. It also stops evictions from these properties.  Servicers are also required to continue to offer mortgage forbearance when a homeowner with a FHA-insured mortgage requests it, with the option to extend forbearance for up to a year. A lump sum payment will not be required at the end of the forbearance period.

The moratorium does not apply to private mortgages. However, some lenders have offered their own forbearance periods.

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