Administration Biden orders extension of student loan and mortgage interest relief | JD Supra

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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