The Federal Housing Finance Agency ("FHFA") recently extended its foreclosure moratorium on Fannie Mae and Freddie Mac loan servicers (which was set to expire on 06/30/2021) until 07/31/2021. What does this mean for community associations? Because mortgage foreclosures (or "Trustee's Sales" as they are known in Arizona) are an important indicator of future HOA delinquencies, the extended foreclosure moratorium is [...]

Continue reading