The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to suspend foreclosures for 60 days because of COVID-19. This suspension applies to Fannie Mae and Freddie Mac backed single family mortgages.
Previously the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac would provide payment forbearance for borrowers impacted by COVID-19 for 12 months. (News Release, March 18, 2020.)