Freddie Mac: Guide Bulletin 2021-23: COVID-19 Moratorium Extension
Investor Update
June 24, 2021
Source: Freddie Mac
COVID-19 FORECLOSURE MORATORIUM
We are extending the foreclosure moratorium last announced in Guide Bulletin 2021-8. Servicers must suspend all foreclosure actions, including foreclosure sales, through July 31, 2021. This includes initiation of any judicial or non-judicial foreclosure process, motion for foreclosure judgment or order of sale. This foreclosure suspension does not apply to Mortgages on properties that have been determined to be vacant or abandoned.
ADDITIONAL RESOURCES
We encourage Servicers to review the following COVID-19 resources:
- Freddie Mac Single-Family web page on COVID-19 resources
- Freddie Mac Servicing FAQs on COVID-19
GUIDE UPDATES
The Guide will not be updated at this time to reflect these changes.
CONCLUSION
We appreciate the support that Servicers continue to extend to Borrowers coping with hardships attributed to COVID-19. If you have any questions about the changes announced in this Bulletin, please contact your Freddie Mac representative or call the Customer Support Contact Center at 800-FREDDIE.
Sincerely,
Bill Maguire
Vice President, Servicing Portfolio Management