The COVID Project
The record
- Jurisdiction
- United States (Fannie Mae and Freddie Mac single-family mortgages)
- Level
- Federal
- Authority
- Housing and Economic Recovery Act of 2008, 12 U.S.C. §§ 4511, 4513, 4617 (conservatorship)
- Issued
- 2020-03-18 Mar. 18, 2020
- Effective
- 2020-03-18 for at least 60 days (read as 2020-03-18)
- 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) (read as 2020-05-14)
- In force
- Mar. 18, 2020 to May 14, 2020
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- Fannie Mae and Freddie Mac
- their servicers
- homeowners with Enterprise-backed single-family mortgages
- Functions reached
- SV foreclosure and REO eviction functions of every servicer of Enterprise loans (roughly half of U.S. mortgages) suspended
- ML
- PM
- Collection
- Federal commerce, travel, workplace and finance layer FED-B
Operative words
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's direction to the Enterprises; servicer guides
Notes
The first agency moratorium, issued the same day as the CARES Act's Mar. 18 reference date.
Retrieval noteRead on fhfa.gov and rendered offline.