FHA Suspends Foreclosures and Evictions Amid the COVID-19 National Emergency
On March 18, 2020, the Federal Housing Administration (FHA) published Mortgagee Letter 2020-04, “Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency,” which announces an immediate foreclosure and eviction moratorium for all FHA-insured single family mortgages for a 60-day period.
The Secretary of HUD authorized these moratoriums as a result of the national emergency declared by the President of the United States. They are part of a broader federal government effort to address impacts to the financial well-being of individuals, families, and businesses, and to ensure families are not displaced during this critical period.
Read the HUD Press Release.
Updates to Single Family’s COVID-19 Q&A Available: FHA has developed and is maintaining a Q&A document to provide stakeholders with the latest information about FHA’s response to the presidentially-declared COVID-19 national emergency. An updated version of the FHA Single Family COVID-19 Q&A is now posted.