In response to instructions from the Biden administration, the following actions have been taken:
Federal Student LoansThe Acting Minister of Education has expanded the following relief on federal student loans held by ED until September 31, 2021:
- Suspension of loan payments
- Suspension of Fundraising Efforts
- Set interest rate to 0%
Foreclosures and deportations. HUD has been renewed 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 renewed the moratorium on single-family homes from January 31, 2021 to February 28, 2021. The moratorium on evictions from single-family homes of Fannie Mae or Freddie Mac will also be extended until February 28, 2021.
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