More Protection from Foreclosure for Fannie/Freddie Mortgagors!

The Federal Housing Finance Agency (FHFA) has extended its moratorium on foreclosures and evictions for those with Fannie and Freddie mortgages through June 30th, 2020.

On May 14th, 2020, as per its press release:

“…to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions until at least June 30, 2020.  The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The current moratorium was set to expire on May 17th.

“During this national health emergency, no one should be forced from their home,” said Director Mark Calabria. “Extending the foreclosure and eviction moratoriums protects homeowners and renters with an Enterprise-backed mortgage and provides certainty for families.”

You can read the full press release at https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-Eviction-Moratorium.aspx

Fannie and Freddie lawyers in Massachusetts are violating the existing moratorium. Be aware that they cannot harass or pressure you (although we have examples that they are); they cannot talk to you if you are in an eviction case self-represented — whether to threaten you or try to buy you off; they cannot record any steps in the foreclosures; they cannot advertise nor file an active military service proceeding (mostly in Land Court but not only there).

PLEASE let MAAPL know if you experience any of these violations! Join our Sunday night Info Calls (see the call details in the right sidebar under Join the Next MAAPL Info Call!) or leave us a voicemail or send a fax to MAAPL at 508-630-1686.

About MAAPL

The Mass. Alliance Against Predatory Lending (MAAPL) is a coalition of over 60 housing counseling agencies, legal services groups, social service agencies, and community-based social action groups that have joined together to address the foreclosure crisis in Massachusetts. MAAPL collects and distributes timely information on the foreclosure crisis and its effects to the public and to its member groups, drafts and supports legislation that provides important protections to homeowners and tenants facing foreclosure and eviction, documents the impact of the foreclosure crisis on local communities, networks with related organizations throughout the Commonwealth, and provides tools and information to help people navigate the legal system and advocate on their own behalf more effectively when challenging a foreclosure or eviction in court
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