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Biden Extends Mortgage Relief, Suspends Foreclosures Through June

President Joe Biden announced a program to extend mortgage relief and a moratorium on home foreclosures through June, while Pelosi announces 9/11-style commission on Capitol attack, and Biden’s approval rating climbs.

Biden extending mortgage relief and moratorium on foreclosures through June

On Monday, the White House announced a joint effort between the departments of Housing and Urban Development, Veterans Affairs, and Agriculture to extend mortgage relief, as well as enact a foreclosure moratorium for homeowners through June, The Hill reported. The current protections were set to expire on March 30.

According to White House estimates, slightly over 10 million homeowners are currently behind on their mortgage payments. In addition, the White House estimates 3.2 million adults live in rental housing, and nearly 1 and 5 adult renters are behind on their rent payments, according to the Center on Budget and Policy Priorities.

“The COVID-19 pandemic has triggered a housing affordability crisis,” the White House said in a statement. “Now, homeowners will receive urgently needed relief as we face this unprecedented national emergency. Today’s action builds on steps the President took on Day One to extend foreclosure moratoriums for federally guaranteed mortgages.”

Under the extension, the forbearance enrollment window will remain open, and homeowners will be provided with six months  of additional mortgage payment forbearance, in three-month increments, for borrowers who entered forbearance on or before June 30.

Pelosi calls for 9/11-style commission on Capitol attack

On Monday, House Speaker Nancy Pelosi (D-CA) announced that Congress will take steps to establish a 9/11-style, independent commission to investigate the insurrection that occurred at the US Capitol on January 6, ABC reported.

“Now, as always, security is the order of the day: the security of our country, the security of our Capitol which is the temple of our democracy, and the security of our Members,” Pelosi wrote in a letter distributed to her Democratic colleagues in the House of Representatives. “It is clear from his [Gen. Russel Honoré] findings and from the impeachment trial that we must get to the truth of how this happened to protect our security, our next step will be to establish an outside, independent 9/11-type Commission.”

In the letter, Pelosi also urged lawmakers to appropriate additional funds to improve security for members of the House of Representatives.

Quoting initial reporting from retired Army Lt. Gen. Russel Honoré, who began a security review of the Capitol last month, Pelosi said his feedback indicated the need for such an investigation, as well as the need for “supplemental appropriation to provide for the safety of Members and the security of the Capitol,” according to a report from NBC.

Biden approval rating climbs

In the latest poll by Politico/Morning Consult, Joe Biden’s approval rating has climbed to 62 percent, MSNBC reported. Those who disapprove of the president’s job performance stands at 33 percent in the poll of registered voters taken February 14-15.

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Ellis Logan