News & Analysis as of

Foreclosure › Biden Administration

Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of... more +
Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -
Perkins Coie

Certain Foreclosure Moratoria Set to Lift on July 31

Perkins Coie on

At the close of this month, certain moratoria on foreclosures and evictions are set to lift. While prior deadlines have been extended, it remains to be seen whether another continuance will be granted amidst an increase in...more

Alston & Bird

Biden-Harris Administration Announces Extension of COVID-19 Foreclosure Moratorium

Alston & Bird on

A&B Abstract: Today, the Biden Administration announced an extension of the foreclosure moratorium for federally-backed mortgage loans (the “Presidential Announcement”). ...more

Spilman Thomas & Battle, PLLC

All Consuming - Financial Litigation Insights, Volume 2, Issue 11

Spilman Thomas & Battle, PLLC on

A New Bill Could Allow Digital Closings Nationwide "Dubbed the SECURE Notarization Act, the bill would allow for remote online notarization services nationwide." Why this is important: In the wake of the coronavirus...more

Akerman LLP

President Biden Extends COVID-19 Forbearance Period for FHA, USDA, and VA Loans

Akerman LLP on

On February 16, 2021, President Biden announced an extension of the foreclosure moratorium and the availability of forbearance relief for Federal Housing Administration (FHA), U.S. Department of Agriculture (USDA), and U.S....more

Nelson Mullins Riley & Scarborough LLP

Biden Administration Announces Extension of Foreclosure Moratoriums and Forbearance Options

Nelson Mullins Riley & Scarborough LLP on

In the wake of the early months of COVID-19, the Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD) instituted a foreclosure and eviction moratorium on Fannie Mae and Freddie...more

Morgan Lewis - All Things FinReg

New Administration, More Forbearance: Biden Administration Announces Extension of COVID-19 Forbearance and Foreclosure Protections...

Morgan Lewis - All Things FinReg on

As part of President Joe Biden’s efforts to address the continuing impact of the COVID-19 pandemic on American families, on February 16, the US Department of Housing and Urban Development, US Department of Veterans Affairs,...more

Seyfarth Shaw LLP

President Biden’s Inauguration Brings Expected Extensions of Federal Foreclosure and Eviction Moratoria

Seyfarth Shaw LLP on

The inauguration of President Biden on January 20, 2021, and the launch of a new executive administration, brought with it further extensions of the federal moratoria on conducting foreclosures of single-family residential...more

Ballard Spahr LLP

Biden Administration orders extensions of student loan and mortgage relief

Ballard Spahr LLP on

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...more

Morgan Lewis

Key Takeaways from Biden Administration’s First Executive Orders

Morgan Lewis on

Immediately following his inauguration on January 20, US President Joseph R. Biden, Jr. began taking executive action to enact many of his administration’s initial priorities, which included a number of executive orders,...more

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