Biden extends foreclosure moratorium and mortgage tolerance until June

The eviction moratorium remains in effect until March, but was not included in the actions announced on Tuesday.

The departments of Housing and Urban Development, Veterans Affairs and Agriculture will work together to enact actions, according to the White House announcement. Resources for homeowners will be consolidated on the Consumer Financial Protection Bureau website.

The White House announcement also pushed for quick approval of Biden’s $ 1.9 trillion Covid-19 aid package, arguing that the project would give states $ 10 billion to help homeowners with mortgages and utility costs . The Biden government said on Tuesday that 2.7 million homeowners are enrolled in the Covid-19 mortgage tolerance program, which remains available for an additional 11 million government-backed mortgages.

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