FHFA: COVID-19 Multifamily Forbearance Extended through September 30, 2021

Multifamily property owners entering into new or modified forbearance plans must offer tenant protections Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant […]

CFPB: FTC and CFPB Put Nation’s Largest Landlords on Notice about Tenants Pandemic Protections

Today, Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio and Federal Trade Commission (FTC) Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units. The letters remind these landlords of federal protections in place to keep tenants […]

FHFA: Extension of COVID-19 Related Loan Flexibilities Announced

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend some temporary loan origination flexibilities until May 31, 2021. All temporary flexibilities were originally set to expire on April 30, 2021. Alternative appraisals on purchase and rate-term refinance loans are among the […]

CFPB: Interim Final Rule Clarifies Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

Bureau Issues Interim Final Rule on Fair Debt Collection Practices Act The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium. The CFPB’s rule requires debt collectors to provide written notice to tenants of their […]

CFPB: FTC and CFPB Issue Joint Statement on Preventing Illegal Evictions

Consumer Financial Protection Bureau Acting Director Dave Uejio and Federal Trade Commission Acting Chairwoman Rebecca Slaughter issued a joint statement regarding their agencies’ work to help stop illegal evictions and protect American consumers facing economic hardship due to COVID-19. CFPB Acting Director Dave Uejio and FTC Acting Chairwoman Rebecca Slaughter:“Staff […]

FHFA: COVID-19 Multifamily Forbearance Extended Through June 30, 2021

Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire March […]

CFPB: New Report Finds Over 11 Million Families at Risk of Losing Housing

Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are […]

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 […]

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 […]

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 […]