Mortgage delinquencies rose a seasonally adjusted 8.22% in the second quarter to a nine-year high, according to a Monday report from the Mortgage Bankers Association. The nearly 4% jump from the previous quarter was the largest in survey history, according to the report. In addition, the delinquency rate for FHA […]
White House economic advisor Larry Kudlow on Sunday said that the next round of coronavirus relief will include more checks to Americans and extend the federal eviction moratorium. “There’s a $US1,200 check coming, that’s going to be a part of the new package,” Kudlow said during an interview with “State […]
Two US economic-relief programs have started to expire in recent days: the federal eviction moratorium that ran out on Friday, and the extra $US600 weekly unemployment benefit that concludes this weekend. In the coming months, there are additional expirations the US faces that could derail the economic recovery if extensions […]
As the federal moratorium on evictions nears its expiration, experts are worried there could be a homelessness crisis. Twenty per cent of the 110 million Americans who live in rented homes are at risk of eviction by the end of September,The Aspen Institute reported. The issue is especially expected to […]
Sen. Rick Scott of Florida called for a two-month moratorium on housing and utility payments during the coronavirus crisis. “The people that need help the most are small businesses, hourly workers, people who rely on tips, and gig economy workers like Uber and Lyft drivers,” Scott wrote in an op-ed […]
Attorney General Eric Holder called on Tuesday...