On September 30, the statewide eviction moratorium under the COVID-19 Tenant Relief Act (CTRA) is due to end. However, the law will not simply return to its pre-pandemic form. Instead, a new law, the COVID-19 Rental Housing Recovery Act, (the “Recovery Act”), will take its place. Here are the key differences in practices and procedures. […]
Rent Relief Simplified as End of Eviction Moratorium Looms
California’s emergency rent relief program ($2.6 billion in total ) is designed to help tenants pay for their housing and help the state avoid high levels of eviction statewide. The program is especially relevant as June 30, the expiration date for the state eviction moratorium, inches closer. Californians have applied for $473 million, but only $20 […]
Fannie, Freddie 1st Quarter
Fannie Mae earned $5 billion of net income in the first quarter and provided $422 billion for mortgages, enabling people across America to refinance a home, purchase a home, or finance rental property. “This last quarter was the second biggest nominal volume quarter in our history,” said Fannie Mae CEO Hugh R. Frater. The one caveat, […]
Moratorium Extended to June 30
The Centers for Disease Control (CDC) announced that it is extending its nationwide eviction moratorium through June 30, 2021 (matching the California moratorium, already in place until June 30. See more details in CVAR Connect). The order was put into place Sept. 4, 2020, but has been challenged in court across numerous states and localities in […]
Fannie, Freddie: No Holiday Evictions
Fannie Mae and Freddie Mac announced a nationwide suspension of evictions on foreclosed single-family homes during the holiday season, between today, Dec. 18, to Jan. 2. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac or Fannie Mae. Legal and administrative proceedings for evictions may continue, but families will be allowed to […]
Dec. 19 CVAR At A Glance
Featured Classes and Events Dec. 23-26 | All Offices Closed for the Christmas Holiday Dec. 30-Jan. 2 | All Offices Closed for New Years Jan. 9 | Dues Are Due! Jan. 9 | CRMLS Training Jan. 13 | CAR Residential Listing & Buyer Rep Agreements Jan. 13 | CAR Purchase Agreement – New Updates […]