3.18.20
Responding to the COVID-19 pandemic the Trump Administration announced it would suspend foreclosures and evictions for mortgages insured by the Federal Housing Administration (FHA) until the end of April. In a separate announcement the CFBP encouraged financial institutions to work with their customers affected by COVID-19 stating “Consumers’ first stop in the face of hardship is with their creditors and their financial institutions, so our message was important for regulated entities to hear.” It is estimate the action could affect up to 8.1 million mortgages.”
Read more via Politico.