Feds propose banning foreclosures across U.S. until 2022 : v

Feds propose banning foreclosures across U.S. until 2022


Feds propose banning foreclosures across U.S. until 2022
By Kate Gibson
April 5, 2021 / 2:41 PM
/ MoneyWatch
With millions of U.S. homeowners behind on their mortgages after the coronvirus pandemic slammed the economy, the Consumer Financial Protection Bureau is proposing banning foreclosures until next year.
Many families face the risk of foreclosure when federal emergency protections expire, the CFPB stated in announcing proposed rule changes on Monday. The count of homeowners behind on their mortgages has doubled since the start of the pandemic, with 6% of mortgages delinquent as of December and more homeowners behind on their house payments than at any time since 2010, the peak of the Great Recession, the agency noted.

Related Keywords

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