Some homeowners and renters will get a break from the coronavirus financial fallout
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U.S. Orders Up To A Year-Long Break On Mortgage PaymentsThe coronavirus outbreak shouldn't cost you your house. That's the message federal regulators are sending mortgage companies, urging them cut or suspend payments for 12 months for homeowners who've lost income.
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There Won't Be Any Standardized Tests This Year Due To Coronavirus, Trump SaidThe Trump administration also announced that it is setting federal student loan interest at zero for the next 60 days and will let borrowers request to suspend their payments for two months.
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Federal student-loan borrowers pause payments, no interest for 60 days - Business InsiderIn addition to the ability to pause payments for two months, every borrower will automatically have their interest rate set to 0%.
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New York Suspends Mortgage Payments For Those Facing Financial HardshipFirst, collection of student loan debt. Now, mortgage payments.
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Trump allows borrowers to suspend student loan payments for two monthsStudent loan borrowers will be able to suspend their federal student loan payments without penalty and without accruing interest for at least 60 days, the Department of Education said Friday.
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Bank Of America Offers Homeowners Relief: Its Mortgage Holders Can Now Pause PaymentsHomeowners who are struggling financially due to the coronavirus pandemic may now see some relief—at least if they have a Bank of America mortgage.
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