Foreclosures remain low as moratoriums stay in place

Foreclosure activity in the U.S. remains low due to the continuation of moratoriums ordered by federal and state governments in the early stages of the coronavirus pandemic, even as mortgage delinquencies rise. “It’s inevitable that there will be a significant increase in foreclosures once these moratoriums have expired, although it’s unlikely that we’ll see default

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Tenant groups become increasingly militant to prevent evictions

With moratoriums on evictions throughout the country starting to expire, tenant groups are stepping in to try and save people from losing their homes. Tenant organizers in South Central Los Angeles last week quickly organized a protest after a local landlord removed one resident’s belongings following their eviction. The landlord had changed the locks on

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Trump announces moratorium on foreclosures due to coronavirus

U.S. President Donald Trump announced Wednesday a full moratorium on foreclosures for homeowners with mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration. The Department of Housing and Urban Development has also provided help, saying it will suspend all evictions of public housing residents. It’s said that FHA loans and public housing

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Fannie Mae & Freddie Mac announce foreclosure moratorium for Xmas

Fannie Mae and Freddie Mac, the government sponsored mortgage servicing giants, have both announced a nationwide suspension of eviction lockouts on foreclosed homes for the duration of the Christmas and New Year holidays. The moratorium on foreclosures will run from December 17 to January 2, and will apply to any foreclosed occupied home that’s owned

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Wave of foreclosures could hit Puerto Rico

Puerto Rico could be hit with a fresh wave of foreclosures as a three-month moratorium on repayments that followed the devastation of Hurricane Maria comes to an end.

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