Last week, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) announced plans to halt foreclosures and evictions in the wake of the COVID-19 pandemic.
HUD announced that it will put a stop to all foreclosures and evictions for mortgages insured by the Federal Housing Administration (FHA) until the end of April 2020. The FHA backs an estimated 8.1 million mortgages.
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