National Disaster Approaches As Eviction Moratorium Ends

The end of the federal eviction moratorium could end in disaster. John Iadarola and David Shuster break it down on The Damage Report. 

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Read more here: https://www.cbsnews.com/news/eviction-foreclosure-moratorium-ending-8-million-households/

"Even as the nation rebounds from the coronavirus pandemic, more than 2 million homeowners are behind on their mortgages and risk being forced out of their homes in a matter of weeks, a new Harvard University housing report warns.

Most of the homeowners at risk of foreclosure are either low-income or families of color, said researchers who published the 2021 State of the Nation’s Housing report. Congress has dedicated $10 billion to help homeowners get caught up on payments, but it’s unclear if that funding will make it to families before mortgage companies begin sending out foreclosure notices, researchers say."

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