NMHC asks firms to help renters as eviction ban deadline looms

June 22,2021 | By Erickson Ocasio

It issues new principles encouraging apartment companies and tenants to work together to "transition back to normalcy" In anticipation of the eviction moratorium ending on June 30, The National Multifamily Housing Council (NMHC) has issued a new set of principles that calls for apartment firms to help renters recover from the pandemic. In a statement, the trade and advocacy group said that the principles were intended to halt evictions, create payment plans, and work with residents in need. NMHC argued that an eviction ban was no longer necessary and that “a continuation of the moratorium will only further exacerbate renters’ financial hardship as they continue to accrue insurmountable levels of debt.” The federal moratorium on evictions was put into place over a year ago and was intended as an emergency, short-term approach during the onset of the health crisis. The pandemic relief included more than $46 billion specifica

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FHFA extends foreclosure, eviction moratoriums for the fifth time

January 21,2021 | By Erickson Ocasio

The Federal Housing Finance Agency (FHFA) has announced a further extension on foreclosure moratoriums on government-backed mortgages and eviction bans on real estate owned (REO) properties. In a Press release, the FHFA said that Fannie Mae and Freddie Mac will extend their moratoriums on single-family foreclosures and REO eviction until February 28. The foreclosure moratorium applies to government-backed, single-family mortgages. Meanwhile, the REO eviction ban applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. “To keep our communities safe, and families in their homes during the COVID-19 pandemic, FHFA is extending Fannie Mae and Freddie Mac's foreclosure and eviction moratorium,” said FHFA Director Mark Calabria.

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