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FHFA extends COVID-19 moratoriums, forbearance period
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Financial Stability, Legislation
Thursday, February 18, 2021
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The Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac have extended the foreclosure and real estate owned eviction moratoriums until March 31, 2021. The current moratoriums were set to expire at the end of February.
The FHFA is expecting the Enterprises to bear $1.5 billion to $2 billion in expenses in relation to the moratoriums.
Read on for more details.
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