Kicking the can down the road.

[Torus34]

In this instance, the particular can kicked is the moratorium on rent payments and foreclosures. A moratorium is a temporary setting aside. It is not a forgiveness. The bill will come due some day. The Congress of the United States of America appears ill-suited at present for doing anything meaningful about this. States are, in a number of instances, already short of the long green.

Stay tuned ...

 

[BlueTex]

In this instance, the particular can kicked is the moratorium on rent payments and foreclosures. A moratorium is a temporary setting aside. It is not a forgiveness. The bill will come due some day. The Congress of the United States of America appears ill-suited at present for doing anything meaningful about this. States are, in a number of instances, already short of the long green.

Stay tuned ...

There is no moratorium on evictions and foreclosures.... consider, identify, promote, review all are weak language that don't compel anything

Sec. 3. Response to Public Health Risks of Evictions and Foreclosures. (a) The Secretary of Health and Human Services and the Director of CDC shall consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19 from one State or possession into any other State or possession.

(b) The Secretary of the Treasury and the Secretary of Housing and Urban Development shall identify any and all available Federal funds to provide temporary financial assistance to renters and homeowners who, as a result of the financial hardships caused by COVID-19, are struggling to meet their monthly rental or mortgage obligations.

(c) The Secretary of Housing and Urban Development shall take action, as appropriate and consistent with applicable law, to promote the ability of renters and homeowners to avoid eviction or foreclosure resulting from financial hardships caused by COVID-19. Such action may include encouraging and providing assistance to public housing authorities, affordable housing owners, landlords, and recipients of Federal grant funds in minimizing evictions and foreclosures.

(d) In consultation with the Secretary of the Treasury, the Director of FHFA shall review all existing authorities and resources that may be used to prevent evictions and foreclosures for renters and homeowners resulting from hardships caused by COVID-19.

Executive Order on Fighting the Spread of COVID-19 by Providing Assistance to Renters and Homeowners

 

[Torus34]

There is no moratorium on evictions and foreclosures....

Hi!

FYI: Evictions and foreclosures are on pause for another two months - CNN

Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.

 

[BlueTex]

Hi!

FYI: Evictions and foreclosures are on pause for another two months - CNN

Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.

Your article is from June and describes the CARES act which has expired... Trump's EO can not extend the CARES act and can only use authority that existed before the CARES act..

 

[Torus34]

Your article is from June and describes the CARES act which has expired... Trump's EO can not extend the CARES act and can only use authority that existed before the CARES act..

Hi!

As I said, the bill will become due. Perhaps it already has. It's a big one.

Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.

 

[BlueTex]

Hi!

As I said, the bill will become due. Perhaps it already has.

Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.

It already has...

President Trump's executive order doesn't extend eviction moratorium

The executive order “acts only to mislead renters into believing that they are protected when they are not,” Diane Yentel, president of the National Low Income Housing Coalition (NLIHC), wrote in a statement. It offers “false hope and [risks] increased confusion and chaos at a time when renters need assurance that they will not be kicked out of their homes during a pandemic.”

 

[Torus34]

It already has...

President Trump's executive order doesn't extend eviction moratorium

The executive order “acts only to mislead renters into believing that they are protected when they are not,” Diane Yentel, president of the National Low Income Housing Coalition (NLIHC), wrote in a statement. It offers “false hope and [risks] increased confusion and chaos at a time when renters need assurance that they will not be kicked out of their homes during a pandemic.”

Hi!

Many landlords hold mortgages on their rental properties. They, too, have to pony up whether they receive rents or not. Eviction procedures in some states are lengthy. It's possible that banks will see an increase in 'jingle mail' from landlords as well as homeowners. Time will tell.

Regards, stay safe 'n well.

 

[BlueTex]

Hi!

Many landlords hold mortgages on their rental properties. They, too, have to pony up whether they receive rents or not. Eviction procedures in some states are lengthy. It's possible that banks will see an increase in 'jingle mail' from landlords as well as homeowners. Time will tell.

Regards, stay safe 'n well.

It's almost like we need national leadership...

 

[element94]

There is no moratorium on evictions and foreclosures.... consider, identify, promote, review all are weak language that don't compel anything

Sec. 3. Response to Public Health Risks of Evictions and Foreclosures. (a) The Secretary of Health and Human Services and the Director of CDC shall consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19 from one State or possession into any other State or possession.

(b) The Secretary of the Treasury and the Secretary of Housing and Urban Development shall identify any and all available Federal funds to provide temporary financial assistance to renters and homeowners who, as a result of the financial hardships caused by COVID-19, are struggling to meet their monthly rental or mortgage obligations.

(c) The Secretary of Housing and Urban Development shall take action, as appropriate and consistent with applicable law, to promote the ability of renters and homeowners to avoid eviction or foreclosure resulting from financial hardships caused by COVID-19. Such action may include encouraging and providing assistance to public housing authorities, affordable housing owners, landlords, and recipients of Federal grant funds in minimizing evictions and foreclosures.

(d) In consultation with the Secretary of the Treasury, the Director of FHFA shall review all existing authorities and resources that may be used to prevent evictions and foreclosures for renters and homeowners resulting from hardships caused by COVID-19.

Executive Order on Fighting the Spread of COVID-19 by Providing Assistance to Renters and Homeowners

And one of the guys being consulted is this guy:

Foreclosing on a 90-Year-Old Woman over 27 Cents and Other Heartwarming Tales from Steven Mnuchin’s Days at OneWest | Vanity Fair

 

[Torus34]

It's almost like we need national leadership...

Hi!

The Electoral College, that arcane and perhaps unique institution, will decide upon that. They will vote on December 14th, 2020 and the votes will be counted and announced on January 6, 2021.

Regards, stay safe 'n well.

 

[element94]

Hi!

The Electoral College, that arcane and perhaps unique institution, will decide upon that. They will vote on December 14th, 2020 and the votes will be counted and announced on January 6, 2021.

Regards, stay safe 'n well.

That's not what Corrupt Chaos Don is saying.

 

[Torus34]

That's not what Corrupt Chaos Don is saying.

Hi!

I've found that at times what President of the United States of America Donald Trump says is not something I'm willing to bet my union dues on.

Examples: "And again, when you have 15 people, and the 15 within a couple of days is going to be down to close to zero, that's a pretty good job we've done."

"We’re signing a health care plan within two weeks, a full and complete health care plan."

Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.

 

[Drawdown]

In this instance, the particular can kicked is the moratorium on rent payments and foreclosures. A moratorium is a temporary setting aside. It is not a forgiveness. The bill will come due some day. The Congress of the United States of America appears ill-suited at present for doing anything meaningful about this. States are, in a number of instances, already short of the long green.

Stay tuned ...

The student loans were kicked down the road with no ill consequences. I see it as an evolution of thought that will help create the political will to just discharge them all and move to free college.