Reply to Pelosi unveiling House plan @ 2pm, posts some details

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[quote=Anonymous]Edit - in bold

[quote=Anonymous]Housing and consumer finance:

-All monetary contributions by renters in "assisted" or "public" housing are suspended
-Nationwide moratorium on evictions [b]until[/b] 30 days after emergency declaration is revoked
-Suspension of consumer debt payments - no capitalizing interest, adding fees, send to collections, negative credit reports until 120 days after end of crisis
-Nationwide ban on cutting off utilities for nonpayment (includes telecom and broadband) until 120 days after end of crisis
-Creditors will be reimbursed by the Fed for any losses related to nonpayment during crisis
-$100B for rental assistance in the form of grants (note - for reference US annual rental income totals around $500B)
-$15.5B for emergency homeless assistance grants
-$35B in mortgage assistance grants to be administered by the states
-Mortgage forbearance: foreclosures are prohibited until 180 days after end of emergency; mortgage backed securities holders will not get paid and should expect to not receive funds; owner requesting forbearance shall not receiving rents from tenants during the forbearance; total length of forbearance no less than 180 days and renewable for another 180 days; 60 days of nonpayment will go into automatic forbearance without request by borrower[/quote][/quote]

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