On July 30th, one day before the ban was to expire, The FHA and FHFA decided to extend the ban on evictions of borrowers with foreclosed properties until September. The same day more than a dozen real estate trade associations reached out to the Senate, HUD, and the U.S. Treasury asking them to not to consider extensions of the eviction ban. Most of the nations 44 million rentals are owned by private companies with complex financing scenarios. Because of this the government has a much harder time controlling the rental markets as opposed to the single-family housing market. This eviction ban extension applies specifically to the stock of foreclosed or real estate owned properties belonging to the FHA and FHFA.
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