The VA made the change through Circular 26-20-40 on December 28, 2020. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. To find out if you have an FHA-insured loan, you can look for an FHA case number on your mortgage contract. While the moratorium only … Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on LinkedIn (Opens in new window), © 2006-2021 HW Media, LLC. Landlords looking to boot non-paying commercial tenants will have to … In this episode, Habib discusses mortgage rates, what a new administration means for housing and how the industry can build an empire in 2021. HUD also said that homeowners will get until February 28, 2021, to request a COVID-19 forbearance from their mortgage servicer. The national moratorium on evictions and foreclosures has been extended again, kicking the can down the road for what may be an inevitable reckoning for millions of homeowners. COLUMBUS, Ohio (WCMH) — A bipartisan bill introduced on Monday would postpone evictions and foreclosures in Ohio during COVID-19, if it becomes law. The current moratorium was set to expire on June 30, 2020. -Utility shutoff moratorium extended until 3/31/2021. MIP is what FHA calls its mortgage insurance. This moratorium is the fourth extension of the 60-day suspension that the FHA first put in place on March 18, 2020. Ban on foreclosure extended The Federal Housing Finance Agency extended its moratorium on foreclosures and certain evictions until the end of January. In some states, the information on this website may be considered a lawyer referral service. It also directs servicers to cease all evictions of persons from FHA-insured single-family properties, excluding actions to evict occupants of legally vacant or abandoned properties. login. GSE loans, however, have settled at 3.26%. The FHFA has not announced whether it will continue to buy loans in forbearance past the current expiration date of Dec. 31, 2020. If you’re struggling with your mortgage payments, we have some good news. The moratorium was first extended in mid-May through the end of June, and was extended again through the end of August before the current extension was handed down. Do Not Sell My Personal Information, U.S. Department of Housing and Urban Development, COVID-19 Resources for Homeowners webpage, Coronavirus Mortgage and Housing Assistance webpage. The following are summaries of actions certain states have taken in response to the Covid-19 crisis to limit home foreclosures. Site by, MBS Highway’s Barry Habib on the 2021 housing market, The tech solution giving lenders an advantage, Empowering women to be financially great with Dava Davin, What bonds are telling us about the housing market, Texas Realtor who stormed Capitol responds to backlash, CFPB investigating Rocket Homes for illegal kickbacks. Call HUD’s National Servicing Center at 877-622-8525 if you have questions about your loan's status. Alert. (On 12/16/2020, the D.C. Council voted to allow mayor to extend emergency until 3/31/2021.) Mortgage/Foreclosure Relief: On June 30, 2020, Governor Brown signed HB 4204, which established a foreclosure moratorium through September 30, 2020 and contained additional provisions to assist borrowers. Mayor's order extends the state of emergency (and with it the eviction ban) through December 31, 2020. The moratorium, however, does not apply to vacant or abandoned properties. The foreclosure moratorium had originally been set to expire on June 30, 2020. 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