A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Mortgage Tech Demo Day

Tune in to our live Virtual Demo Day on February 2nd to experience demos from the most innovative loan origination and valuation tech companies in the industry.

If consumers aren’t holding lenders back, then who or what is?

The challenge for lenders and investors is understanding how to meet borrowers where they are without layering on risk or getting bogged down in third-party intermediation.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

CoronavirusMortgage

Los Angeles, New York City are latest cities to pause evictions

The latest major cities to help renters deal with coronavirus spread

Following a week of closures, cancellations and quarantines, Los Angeles and New York City announced they will be putting a halt on evictions until further notice as a result of the spread of coronavirus.

Last week, Miami-Dade County Mayor Carlos A. Gimenez declared a state of emergency in the county. As a result, the Miami-Dade County police will temporarily suspend eviction notices until further notice.

San Jose, California will also be moving forward with a moratorium on evictions.

Sunday evening, Los Angeles Mayor Eric Garcetti issued a moratorium on evictions and bans on dine-in restaurants and entertainment facilities in the city, according to LAist.

“I hereby order that no landlord shall evict a residential tenant in the City of Los Angeles during this local emergency period if the tenant is able to show an inability to pay rent due to circumstances related to the COVID-19 pandemic,” Garcetti said in his order. “These circumstances include loss of income due to a COVID-19 related workplace closure, child care expenditures due to school closures, health care expenses related to being ill with COVID-19 or caring for a member of the tenant’s household who is ill with COVID-19, or reasonable expenditures that stem from government-ordered emergency measures.”

“Nothing in this subsection shall be construed to mean that the tenant will not still be obligated to pay lawfully charged rent. Tenants will have up to six months following the expiration of the local emergency period to repay any back due rent. Tenants may use the protections afforded in this subsection as an affirmative defense in an unlawful detainer action. This subsection shall remain in effect during the pendency of the local emergency period,” it continued.

A note from the State of New York Unified Court System said, “Effective Monday, March 16, all eviction proceedings and pending eviction orders shall be suspended statewide until further notice.”

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