Government Benefits Law: COVID Foreclosure Moratorium

Foreclosure moratorium and consumer right to request forbearance due to COVID. Gave consumer right to ask for 180 day forbearance from March 13, 2020 and established a 60 day moratorium from that day.

JD Supra 6/28/21

Foreclosure moratorium for FHA approved loans is extended to 7/31/21.

The CFPB final rule establishes temporarily procedural safeguards to help ensure that borrowers have a meaningful opportunity to be reviewed for loss mitigation before the servicer can make the first notice or filing required for foreclosure on certain mortgages. In addition, the final rule would temporarily permit mortgage servicers to offer certain loan modifications made available to borrowers experiencing a COVID-19-related hardship based on the evaluation of an incomplete application.

Housing Wire 4/1/21

Consumer Financial Protection Bureau

MoneyGeek 11/12/20