With expanded federal jobless aid set to run out at the end of this month and a state foreclosure moratorium likely to expire almost three weeks later, concern is growing as the mortgage industry faces an uncertain summer and fall.
With an eviction and foreclosure moratorium now in effect in Massachusetts, what does this mean for the state’s residential and commercial landlords and lenders?
Gov. Charlie Baker signed a housing security bill on Monday to put a pause on evictions and foreclosures until after the coronavirus pandemic abates, finalizing an effort that took weeks for the legislature to negotiate.
A day after blocking a bill that would temporarily halt all evictions and foreclosures, Republican Rep. Shawn Dooley said Friday he would no longer stand in its way.
Legislators are expected to resume debate today on a halt to foreclosures and non-essential evictions for the duration of Massachusetts’ state of emergency, after one lawmaker objected to the proposed House-Senate deal Thursday.
The House advanced a compromise bill Wednesday afternoon to temporarily ban almost all eviction and foreclosure proceedings statewide.
Senate President Karen Spilka touted solid communications among state leaders during the virus crisis, but on Sunday also hinted at a source of underlying tension on legislation intended to protect renters and homeowners.
The House on Thursday afternoon passed a bill to put a moratorium on evictions and foreclosures during the coronavirus emergency, quickly advancing the bill to the Senate.
