Feds propose banning foreclosures across U.S. until 2022
CBSN
With millions of U.S. homeowners behind on their mortgages after the coronvirus pandemic slammed the economy, the Consumer Financial Protection Bureau is proposing banning foreclosures until next year.
Many families face the risk of foreclosure when federal emergency protections expire, the CFPB stated in announcing proposed rule changes on Monday. The count of homeowners behind on their mortgages has doubled since the start of the pandemic, with 6% of mortgages delinquent as of December and more homeowners behind on their house payments than at any time since 2010, the peak of the Great Recession, the agency noted. "We've seen a shocking increase in housing insecurity, with millions living precariously and months behind on mortgages or rent," acting CFPB Director Dave Uejio said in a news conference.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Ford CEO Jim Farley said that a rare earth minerals shortage is hurting production and caused the automaker to temporarily shut down one of its plants last month, according to an interview with Bloomberg TV.
We may receive an affiliate commission from anything you buy from this article.
The new COVID-19 variant NB.1.8.1, which was linked to a large surge of hospitalizations in parts of Asia, could now make up more than 1 in 3 cases across the United States, the Centers for Disease Control and Prevention projected this week.
Washington — President Trump intends to open the Iowa State Fair on the first day of the 11-day event in August, according to sources familiar with the plan, revisiting a presidential campaign ritual in a state that helped deliver his return to the White House.
A military parade through the streets of Washington, D.C., is being held to celebrate the U.S. Army's 250th anniversary on Saturday, June 14 — which also happens to be President Trump's 79th birthday. Army officials say about 6,600 soldiers, 150 vehicles and more than 50 aircraft are set to participate.
President Trump on Friday lost his latest effort to get a retrial in the case in which a jury found him liable for sexual abuse and defamation of the writer E. Jean Carroll.
Washington — A federal judge in Massachusetts blocked President Trump's administration from implementing portions of his executive order that imposed new requirements involving proof of citizenship to register to vote in U.S. elections.
A 15-year-old girl in Arkansas died Wednesday after a pack of dogs she was caring for attacked her, authorities said.
Tesla on Friday announced it's launching new versions of its Model S and Model X vehicles in the U.S., with new price tags to match.
Washington — President Trump on Friday urged Iran to "make a deal, before there is nothing left" after Israel launched preemptive strikes on Iranian nuclear facilities, senior military leaders and research scientists, the opening attacks in what Israeli officials said is part of a major operation against Iran.
The two people killed in a shooting over the weekend on the Las Vegas Strip captured it on video while livestreaming to their shared YouTube channel, according to a police report.
Stock markets around the world slumped and oil prices surged after Israel on Thursday launched a military strike on Iran.
Kilmar Abrego Garcia, the Salvadoran man who was wrongly deported and then returned to the United States to face federal prosecution, will appear in a Nashville courtroom Friday for his arraignment after he was charged with participating in a yearslong conspiracy to traffic undocumented migrants into the country.