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FHA Extends Foreclosure Moratorium Through February

Mortgage News > FHA Extends Foreclosure Moratorium Through February
Date: 12/22/2020    FHA Extends Foreclosure Moratorium Through February

The Department of Housing and Urban Development announced yesterday that the Federal Housing Administration will extend its moratorium on foreclosures and evictions for an extra two months with an end date of Feb. 28, 2021. The previous deadline was set to expire in 10 days. This new date marks the fourth postponement since the beginning of the COVID-19 pandemic. The moratorium will stop all new foreclosure actions and halt in-progress actions, as well as suspends evictions for those who live in FHA-insured single-family properties. FHA borrowers can also put in new requests for mortgage forbearance through the new deadline.

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