Housing Foreclosures, Evictions Stopped For 60 Days As White House Encourages Loan Forebearance

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Today’s White House coronavirus press briefing revealed that President Donald Trump has ordered that foreclosures and evictions cease for 60 days in an effort to mitigate the unemployment cau…

Photo by Evan Vucci/AP/Shutterstock President Donald Trump listens as Secretary of State Mike Pompeo speaks during a coronavirus task force briefing at the White House.

Ben Carson, the Secretary of Housing and Urban Development, said President Donald Trump ordered the “immediate cessations” of foreclosure and eviction proceedings. The White House also asked those who are struggling with mortgage payments to contact their providers to discuss forebearance on loans where unemployment is an issue.

Discussions continue on an economic stabilization package of about $1.3 trillion to $1.4 trilliion. If an agreement is reached in the House, the Senate could consider the package as soon as Monday. “We want them on the open market from the standpoint of pricing,” Trump said, adding Honeywell, 3M, and Pernod Ricard USA as other companies stepping up.

Source: Loan Digest (loandigest.net)

 

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People. If you can pay your bills, pay your bills. It's great this option is available, but if you can pay your bills, pay your bills. You do not want that interest.

This SHOULD include INTEREST Forbearance as well.

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