Freddie Mac: FHLMC Guide Bulletin 2021-3: Moratorium Extension

Freddie Mac: FHLMC Guide Bulletin 2021-3: Moratorium Extension

Investor Update
January 20, 2021

Source: Freddie Mac

This Guide Bulletin announces an extension of the COVID-19 foreclosure moratorium.

EFFECTIVE DATE

All of the changes announced in this Bulletin are effective immediately unless otherwise noted.

EXTENSION OF THE COVID-19 FORECLOSURE MORATORIUM

We are extending the foreclosure moratorium announced in Guide Bulletins 2020-42020-102020-162020-252020-34 and 2020-46. Servicers must suspend all foreclosure actions, including foreclosure sales, through February 28, 2021. This includes initiation of any judicial or non-judicial foreclosure process, move 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.

RESOURCES

We encourage Servicers to review the following COVID-19 resources:

GUIDE UPDATES

The Guide will not be updated at this time to reflect these changes.

CONCLUSION

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