Consumer Finance Monitor by John L. Culhane, Jr. & Richard J. Andreano, Jr. 1/25/2021
https://www.consumerfinancemonitor.com/2021/01/25/32894/In response to directions from the Biden Administration, the following actions have been taken:
Federal student loans. The Acting Secretary of Education has extended the following relief on ED-held federal student loans until September 30, 2021:
• Suspension of loan payments
• Suspension of collection efforts
• Setting of interest rate at 0%
Foreclosures and Evictions. HUD has extended the foreclosure and eviction moratoriums for FHA-insured single-family loans from February 28, 2021 to March 31, 2021. Fannie Mae and Freddie Mac have extended the moratorium on single-family foreclosures from January 31, 2021 to February 28, 2021. The moratorium on evictions from single-family homes owned by Fannie Mae or Freddie Mac also is extended until February 28, 2021.
