HUD/FHFA announce details of foreclosure and eviction moratorium

On March 18, 2020, President Trump announced during a White House briefing that “the Department of Housing and Urban Development (HUD) will be providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.” Following the President’s announcement, HUD released the details of its Foreclosure and Eviction Moratorium for single-family homeowners with FHA-insured mortgages. Specifically, HUD clarified that it would be halting foreclosure actions and evictions for the next 60 days, including all new foreclosure filings, all current foreclosures in process, and all evictions of persons from FHA-insured single-family properties. For more, read the full story.

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