MBA Statement on President Biden's Foreclosure Extension Announcement

CONTACT
Rob Van Raaphorst
rvanraaphorst@mba.org
(202) 557-2799

WASHINGTON, D.C. (February 16, 2021) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the announcement by President Biden that FHA, VA, and USDA will extend foreclosure and eviction moratoriums, as well as an extension of the initial start date of a COVID-19 Forbearance.

"MBA welcomes today's announcement from HUD and the Biden Administration extending COVID-19-related homeowner relief, as well as foreclosure and eviction moratoriums, and believes it provides necessary assistance for homeowners and important guidance for mortgage servicers. We will continue to work with the administration, Congress, and other stakeholders on aligning policies and initiatives that will help consumers during the pandemic."