FHFA: COVID-19 Forebearance Period and Foreclosure and REO Eviction Moratoriums Extended until June 30, 2021
Aligns COVID-19 mortgage relief policies across the federal government Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until…
FHFA: Foreclosure and REO Eviction Moratoriums and COVID Forebearance Period Extended
Borrowers can now be in COVID forbearance for up to 15 months Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The…
HUD: First Week Swift Actions to Support Homeowners and Tackle Nation’s Housing Crisis
In the first week of the Biden Administration, the Department of Housing and Urban Development (HUD) took swift action to address immediate housing needs during the COVID-19 pandemic while laying the groundwork to address the nation’s larger, systemic housing challenges and restore sound management to the department. “HUD and the new administration are quickly addressing…
HUD: Acting Secretary Announces Extension of Eviction and Foreclosure Moratoriums through March 31, 2021
Agency actions extend eviction and foreclosure moratoriums on federally-backed single family mortgages through March 31, 2021 to provide urgent economic relief to homeowners impacted by COVID-19 Acting U.S. Housing and Urban Development (HUD) Secretary Matthew E. Ammon today announced that the Department has implemented President Biden’s requests to immediately extend eviction and foreclosure moratoriums on…
HUD: Biden Administration Authorizes Extension of FHA Single Family Foreclosure and Eviction Moratorium through March 31, 2021
One of the first Administration actions provides meaningful support to homeowners struggling financially as a result of the COVID-19 pandemic Yesterday, the Biden Administration requested the U.S. Department of Housing and Urban Development and other Federal Agencies to extend its foreclosure and eviction moratorium for single family mortgages insured by the Federal Housing Administration (FHA) or guaranteed…
FHFA: Foreclosure and REO Eviction Moratoriums Extended
Foreclosure moratorium applies to Enterprise-backed mortgages; eviction moratorium applies to Enterprise-owned properties Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO)…
HUD: Nearly $2 Billion Awarded in CARES Act Relief Funds Focusing on Communities with Higher Risk of Eviction
United States Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of the remaining $1.988 billion in CARES Act funding for the Community Development Block Grant (CDBG) program. The allocation focuses funds towards places with households facing higher risk of eviction. To date, HUD has provided nearly $5 billion in CDBG funding nationwide…
HUD: Flexibilities Provided for Emergency Solutions Grants Program CARES Act Funds
Department working with states and local units of governments to aid vulnerable populations amid outbreak United States Department of Housing and Urban Development (HUD) Secretary Ben Carson today provided the additional requirements and flexibilities for the $3.96 billion provided to states and units of local government for the Emergency Solutions Grants Program under the CARES Act (ESG-CV)….
HUD: Localities Urged to Prevent Evictions by Using CARES Act Grant Funds
Rental assistance to prevent evictions is an allowable use of the $7 billion in HUD CARES Act funds Consistent with President Trump’s Executive Order “Fighting the Spread of COVID-19 by Providing Assistance to Renters and Homeowners”, the U.S. Department of Housing and Urban Development (HUD) has reiterated the Trump Administration’s commitment to minimize displacement and evictions resulting…
HUD: FHA Extends Foreclosure and Eviction Moratorium for Homeowners through Year End
Third extension will allow FHA-insured homeowners economically impacted by COVID-19 to focus on financial recovery Today, the Federal Housing Administration (FHA) announced the third extension of its foreclosure and eviction moratorium through December 31, 2020, for homeowners with FHA-insured single family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. This extension provides an additional…