Tag Archives: Mortgage

The United States Consumer Financial Protection Bureau finalized a rule for homeowners who are struggling to make mortgage payments due to the pandemic, but said foreclosures would be allowed to resume in coming months once those extra protections have been met. The new rule safeguards struggling borrowers and allows them to …

Marcia L. Fudge, Housing Secretary, is in the process of reinstating fair housing regulations that were undone by former President Donald Trump. The rules are a direct response to systemic racism and housing discrimination. “So much of wealth inequality has its basis in housing discrimination and the country’s failure to …

The Consumer Financial Protection Bureau is planning on banning foreclosures until 2022. According to the bureau, 3 million households are behind on their mortgage payments and almost 1.7 million will run out of their forbearance periods in September. “We are at really an unusual point in history,” Diane Thompson, a …

The Centers for Disease Control and Prevention is extending the national eviction ban through June 30. “The COVID-19 pandemic has presented a historic threat to the nation’s public health,” Dr. Rochelle Walensky, CDC Director, said. “Keeping people in their homes and out of crowded or congregate settings — like homeless …

Evanston, Illinois is paying reparations to Black residents for harm caused by the city’s discriminatory housing policies and practices. It is the first time that a city in the United States has established a reparations program. “The program is a step towards revitalizing, preserving, and stabilizing Black/African-American owner-occupied homes in …