Biden extends COVID ban on foreclosures as homeowners struggle with pandemic downturn

President Joe Biden has extended a ban on some foreclosures until the summer as millions of homeowners continue to struggle during the coronavirus pandemic. The moratorium on foreclosures for federally guaranteed mortgages means struggling homeowners have until June 30 to request a pause or reduction in their payments. It will also extend for six months the help already granted to homeowners since last year. There was no immediate word on whether Biden will also extend past March 31 the ban on evictions for renters. The White House says more than 10 million homeowners are behind on mortgage pa…

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HEDGE accordingly