{"id":"FED-346","kind":"order","level":"federal","jurisdiction":"United States (Fannie Mae and Freddie Mac single-family mortgages)","state":"","metro":"","industry":"","agency":"","eco":"","issuer":"Federal Housing Finance Agency (Director Mark Calabria), directing Fannie Mae and Freddie Mac","authority":"Housing and Economic Recovery Act of 2008, 12 U.S.C. §§ 4511, 4513, 4617 (conservatorship)","instrument":"FHFA news release of Mar. 18, 2020: FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages","title":"FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages","dateIssued":"2020-03-18","effective":"2020-03-18 for at least 60 days","end":"extended May 14, 2020 to June 30, 2020 (Ex. FED-347) and repeatedly thereafter to July 31, 2021 (foreclosures) and Sept. 30, 2021 (REO evictions)","startDate":"2020-03-18","endDate":"2020-05-14","quarters":["2020Q2"],"types":["OTHER"],"addressees":["Fannie Mae and Freddie Mac","their servicers","homeowners with Enterprise-backed single-family mortgages"],"clause":"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 coronavirus national emergency. The foreclosure and eviction suspension applies to homeowners with an Enterprise-backed single-family mortgage.","enforcement":"conservator\u0027s direction to the Enterprises; servicer guides","functions":["SV foreclosure and REO eviction functions of every servicer of Enterprise loans (roughly half of U.S. mortgages) suspended","ML","PM"],"notes":"The first agency moratorium, issued the same day as the CARES Act\u0027s Mar. 18 reference date.","sourceUrl":"https://www.fhfa.gov/news/news-release/fhfa-suspends-foreclosures-and-evictions-for-enterprise-backed-mortgages","snapshot":"","fileExists":true,"fileBytes":147495,"grade":"secondary","character":"","description":"","collection":"FED-B","url":"/library/FED-346","exhibitUrl":"/exhibit/FED-346","citation":"Federal Housing Finance Agency (Director Mark Calabria), directing Fannie Mae and Freddie Mac, FHFA news release of Mar. 18, 2020: FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages (Ex. FED-346)","stateName":"","related":["FED-347"]}