March 18, 2020|Client Alerts
On March 18, President Trump ordered FHA to suspend foreclosures and evictions on FHA-insured loans until at least the end of April.
Immediately afterword, the Federal Housing Finance Agency announced that it was directing Freddie Mac and Fannie Mae to suspend foreclosures and evictions on Freddie and Fannie loans for at least 60 days. We expect federal, state and local governments to continue to take steps regarding the COVID-19 crisis that will impact the mortgage industry. As part of Buchalter’s COVID Task Force, our Mortgage Banking Industry Group will continue to inform clients regarding these changes as they develop.
This communication is not intended to create or constitute, nor does it create or constitute, an attorney-client or any other legal relationship. No statement in this communication constitutes legal advice nor should any communication herein be construed, relied upon, or interpreted as legal advice. This communication is for general information purposes only regarding recent legal developments of interest, and is not a substitute for legal counsel on any subject matter. No reader should act or refrain from acting on the basis of any information included herein without seeking appropriate legal advice on the particular facts and circumstances affecting that reader. For more information, visit www.buchalter.com.