-
Palm Beach County launches coronavirus rental assistance program
Renters who have taken a financial hit because of the novel coronavirus have a new source of help. Palm Beach County’s Community Services Department on June 5 launched the Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund Rent and Utilities Assistance Program. The fund offers one-time rental and/or utility help for eligible…
-
Gov. DeSantis extends moratorium on evictions and foreclosures to July 1
From The Palm Beach Post: “Just four hours before a moratorium on evictions and foreclosures was set to expire early Tuesday morning, Florida Gov. Ron DeSantis extended the freeze late Monday, sparing countless unemployed workers from homelessness as the economic devastation caused by the coronavirus pandemic continues. “‘He just felt it was in the best…
-
FHFA, FHA extends foreclosure, eviction moratoriums
Foreclosure and eviction moratoriums backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) have been extended to June 30. Deadlines for all foreclosure and eviction moratoriums were set to expire on Sunday. Click here to read more…
-
Fannie Mae, Freddie Mac: Borrowers in forbearance can defer all missed payments until the end of their loan
May 13, 2020, 5:52 pm By Ben Lane With nearly 4 million borrowers in forbearance on their mortgage, we still don’t have a complete picture of what happens when forbearance periods end. Borrowers got some clarity on the situation last month, when Fannie Mae and Freddie Mac said that borrowers are not required to repay…
-
Skipping mortgage payments? Don’t get ripped off.
By Ron Hurtibise South Florida Sun SentinelMay 04, 2020 11:39 AM Because of widespread uncertainty and lack of clear guidance about mortgage relief options, home loan borrowers will need to be on guard against scams and profiteering if they decide to skip payments because of COVID-19-related financial hardship. Misinformation is rampant, and even mortgage industry…
-
No lump sum payment for homeowners Federal agency confronts ‘ongoing misinformation’ regarding loans
By Ron Hurtibise- Sun Sentinel Feds make clear: No lump sum payment required for Fannie and Freddie home loan borrowers after coronavirus pause. The federal agency that oversees 28 million government-backed home loans is reassuring its borrowers that they won’t be required to make a lump sum payment if they opt to hit pause on…
