Tag Archives: Mortgage Relief

President Joe Biden announced a new mortgage relief program for homeowners with federal loans on Friday. Homeowners’ monthly mortgage could be reduced by up to 25%. “[M]any homeowners will need deeper assistance due to pandemic-related income loss. For example, due to the economic crisis caused by the pandemic, some homeowners …

President Joe Biden announced a program extension for mortgage relief and extended the ban for home foreclosures through June 30. “The COVID-19 pandemic has triggered a housing affordability crisis,” The White House said. ” Now, homeowners will receive urgently needed relief as we face this unprecedented national emergency. Today’s action …