September 19, 2021

MP Now News

Mortgage News

HOUSING: Summary of Prevention of Evictions & Foreclosures Extended to June 30, 2021

This Sixth COVID-19 update by the National Fair Housing Alliance provides a summary and links to all announcements by the agency extending the foreclosure moratorium to June 30, 2021 Updated COVID-19-specific harm reduction guidelines for FHA, Fannie Mae, and Freddie Mac loans, and links to resources for additional information.

Please also refer to Section II of the update regarding the June 30, 2021 deadlines for FHA, USDA and VA borrowers upon request the initial forbearance of COVID-19 and the availability of an additional six months of indulgence for certain borrowers. HUD ML 2021-05 on page 21 provides details on reverse mortgages.

Kansas extended the moratorium on foreclosures and evictions until the abolition or until the end of the state of disaster, which will take place immediately on March 31st. https://governor.kansas.gov/wp-content/uploads/2021/01/21-02-Extending-Certain-EOs-Executed.pdf

If you find yourself in a situation that you think is urgent and you need advice or legal assistance in determining your next steps, ask for help.

apply online for legal assistance. Or call 800-723-6953

You can access forms and resources put together for the public by a consortium of housing stakeholders. Click here.


The Veterans Administration has extended a moratorium on evictions and foreclosures on VA-guaranteed loans through June 30, 2021 Continue reading.


USDA Direct Loans and Single Family Home Guarantee Programs: Extended Moratorium through June 30, 2021

* Effective February 16, 2021, with the exception of vacant or abandoned homes, foreclosures and related evictions for borrowers with USDA single family homes, direct and guaranteed loans will be suspended until June 30, 2021.


NEW: The Federal Office for Housing Financing (FHFA) is to prevent the foreclosure of apartment buildings until June 30, 2021

The programs were due to expire on March 31st. Read more about it here.


The Federal Housing Administration (FHA) is extending the foreclosure and eviction moratorium through June 30, 2021

The Federal Housing Administration (FHA) released Mortgagee Letter (ML) 2021-03, extension of the foreclosure and eviction moratorium in connection with the president-declared national emergency COVID-19. Yesterday, President Joseph R. Biden directed authorities to extend a federal evictions and foreclosures moratorium on state-guaranteed mortgages in response to the coronavirus pandemic. This ML announces a moratorium on foreclosures and evictions for single-family homes with FHA-insured mortgages through June 30, 2021.

The moratorium applies to all FHA Title II Single Family Forward Mortgages and Home Equity Conversion Mortgages (HECM), with the exception of those backed by vacant or abandoned properties.

This will also extend the deadlines for initial legal action and the deadline for reasonable due diligence by 120 days from the date this moratorium on FHA-insured single-family mortgages expires, unless otherwise stated.

FHA moratorium


Kansas Housing Offers $ 2 Million Rental Utility Utility Program, program announced February 16, 2021.

Wichita renters can apply on February 22nd. Outside of Wichita, tenants can apply on March 15th. Read more about it here.


Español

To be lenient, you need to contact your servicer. To make sure you are ready for this interview, the CFPB has some information to help you prepare.


HCCI – 785-234-0217 / 800-383-0217

The advice can be given in Spanish or English.


If you live outside of the state and have questions about eviction moratoriums in other locations, please see this website. Frequently asked questions about legal help on eviction and rental protection during the COVID-19 emergency https://legalfaq.org/

Updated March 16, 2021