WASHINGTON (Reuters) - A U.S. housing finance regulator announced Thursday that it was extending a moratorium on foreclosures and evictions on mortgages backed by housing giants Fannie Mae and Freddie Mac (OTC:FMCC) until at least June 30.
The original moratorium, which applies to roughly 44% of all single-family mortgages, was set to expire on May 17. The Federal Housing Finance Agency said the extension would help protect families during the coronavirus pandemic.