TBA Law Blog

Posted by: Kate Prince on Apr 23, 2020

Attorney General Herbert H. Slatery has joined a bipartisan coalition of 34 attorneys general in recommending actions to help homeowners who have been affected by the COVID-19 pandemic. The group sent letters today to the Federal Housing Finance Administration (FHFA) and the Department of Housing and Urban Development (HUD) applauding federal efforts to suspend evictions and foreclosures, but urging more action be taken. The letters make three recommendations for FHFA and HUD: revise forbearance programs so missed payments are automatically placed at the end of the loan’s term; expand eligibility for disaster relief loss mitigation programs; and clarify that the moratorium on foreclosures and evictions applies to all aspects of the foreclosure and eviction process. Read more from the AG’s office.