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Top News In ஸ்டாக்‌டந் வில்லியம்ஸ் Today - Breaking & Trending Today

Underwriting, MLO Jobs; DPA, Non-QM, Customer Service Tools; Misc. Company News Indicates Trends

Underwriting, MLO Jobs; DPA, Non-QM, Customer Service Tools; Misc. Company News Indicates Trends
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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Millions of renters brace for a post-pandemic ax


Millions of renters brace for a post-pandemic ax
The Biden administration is racing to end a bottleneck that has prevented state and local governments from distributing nearly $50 billion in rental assistance.
A rental sign is posted in front of an apartment complex Tuesday, July 14, 2020, in Phoenix. | Ross D. Franklin/AP Photo
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The pandemic crisis is finally winding down for much of the country, with both vaccinations and the economy surging. But the Covid-19 housing crisis hasn’t even hit yet, and Washington’s efforts to head it off have stalled.
A federal moratorium on evictions is set to expire June 30, leaving millions of tenants facing long-term damage to their credit and the potential loss of their homes if they can’t scrape together more than a year’s worth of back rent. Now, the Biden administration is racing to end a bottleneck that has prevented state and local governments from distributing nearly $50 billion in rental assistance ....

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Rent crisis spirals for landlords awaiting $47 billion in relief


FAIRFIELD-SUISUN, CALIFORNIA
Apartment buildings in New York City. Cities remain largely popular despite reports to the contrary, and rising mortgage rates won’t matter as much for housing affordability as limited supply. (Dreamstime.com/TNS)
Rent crisis spirals for landlords awaiting $47 billion in relief
More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly.
Joaquin Villanueva, an airport janitor who owns a three-unit rental house in East Boston, had to take out a home-equity loan just to pay the bills. One tenant, eight months behind on rent, vanished one night in March. An unemployed restaurant dish washer in another unit owes $5,000. ....

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Rent crisis spirals for landlords awaiting $47 billion in relief


More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly.
Joaquin Villanueva, an airport janitor who owns a three-unit rental house in East Boston, had to take out a home-equity loan just to pay the bills. One tenant, eight months behind on rent, vanished one night in March. An unemployed restaurant dish washer in another unit owes $5,000.
“I don’t want to lose my house so I’m doing whatever I have to do,” said the El Salvadoran immigrant who wipes the floors at nearby Logan International Airport. “I’m not rich like a Donald Trump.” ....

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Rent crisis spirals for landlords awaiting $47 billion in relief

Rent crisis spirals for landlords awaiting $47 billion in relief
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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