At a White House briefing, Mr. Trump said the Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.
President Donald Trump on March 18 ordered the suspension of evictions and mortgage foreclosures for six weeks as part of the government effort to ease the economic pain from the coronavirus pandemic.
At a White House briefing, Mr. Trump said the Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.
No details on the announcement were immediately available.
Coronavirus | Donald Trump suspends evictions, home loan foreclosures
At a White House briefing, Mr. Trump said the Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.
HUD, Fannie, Freddie suspend foreclosures, evictions during outbreak
The Department of Housing and Urban Development will be suspending foreclosures and evictions for mortgages insured by the Federal Housing Administration until the end of April, President Donald Trump announced today. A HUD source familiar with the stop said the suspension would protect 8.1 million households.
The Federal Housing Finance Agency also ordered Fannie Mae and Freddie Mac to suspend foreclosures and evictions for any single-family mortgages they back for “at least 60 days,” the agency said today.
“This foreclosure and eviction suspension allows homeowners with an enterprise-backed mortgage to stay in their homes during this national emergency,” FHFA Director Mark Calabria said in an emailed statement.
“As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage should reach out to their mortgage servicers as soon as possible,” Calabria added. The enterprises are working with mortgage servicers to ensure that borrowers facing hardship because of the coronavirus can get assistance.”
FHFA earlier this month had announced that the government-sponsored enterprises would provide payment forbearance — allowing mortgage payments to be suspended for up to a year — to borrowers hit by the outbreak. Fannie and Freddie also reminded mortgage servicers that hardship forbearance is an option for borrowers unable to make payments.
HUD, Fannie, Freddie suspend foreclosures, evictions during outbreak
FHFA Director Mark Calabria said the suspension "allows homeowners with an enterprise-backed mortgage to stay in their homes during this national emergency."
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First Trump was ordering for Trumpbux to be dispersed, now he is ETERNALLY BTFOing landlords. I never thought I'd see the day for Trump to go full FASHY communist. I made numerous posts about how the virus would result in a communist revolution. I'm so glad my predictions are coming true.
Donald Trump aka Lil Mao
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