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Biden to extend eviction moratorium, student loan forbearance
Biden to extend eviction moratorium, student loan forbearance
By Niv Elis - 01/20/21 05:00 AM EST
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Biden will call on the Centers for Disease Control to extend an evictions foreclosure set to expire on Jan. 31 until the end of February.
President Trump first issued the CDC moratorium in September, and Congress extended it last month. The moratorium has faced some legal hurdles, and housing advocates say it has some serious flaws, including the level of proactive action required by tenants. But it remains one of the few shields in place for people facing eviction.
Biden is also set to direct several agencies that cover mortgages, including the Departments of Veterans Affairs, Agriculture, Housing and Urban Development, and the the Federal Housing Finance Agency (FHFA) to extend their own bans on evictions from properties their agencies back. They will also be asked to continue accepting forbearance applications for mortgage-holders.
On student loans, Biden will extend the Education Department's forbearance policy until September 30th, meaning borrowers can continue to put off paying both principal and interest on direct federal loans.
more...
https://thehill.com/policy/finance/534938-biden-to-extend-eviction-moratorium-student-loan-forbearance