The mortgage moratorium doesn't lower your total mortgage, it just moves the payments you would have made to the end of your term. So no free money just delayed payment.
Quite a few mortgages are involved with the federal government. FHA, VA, Fannie Mae, Freddie Mac, USDA, HUD, all guarantee or sponsor mortgages to some degree. The latter three impact property investors. The policy is pretty broad. Our administration would not have made it so broad, to tell you the truth
The mortgage moratorium doesn't lower your total mortgage, it just moves the payments you would have made to the end of your term. So no free money just delayed payment.
Also, at least initially, didn’t it only apply to mortgages that somehow involved the federal government? Like some Fanny Mae shit.
I don’t think it was quite “run a business in a disadvantaged community for three years” bad, but it wasn’t/isn’t universal from what I recall
Quite a few mortgages are involved with the federal government. FHA, VA, Fannie Mae, Freddie Mac, USDA, HUD, all guarantee or sponsor mortgages to some degree. The latter three impact property investors. The policy is pretty broad. Our administration would not have made it so broad, to tell you the truth