Washington Report

Advocacy Updates from Washington D.C.

HUD Extends Puerto Rico and USVI Foreclosure Moratorium

On May 16, 2018, the U.S. Department of Housing and Urban Development (HUD) extended the Hurrican Maria-related Presidentially-Declared Disaster Areas foreclosure moratorium for Puerto Rico and the U.S. Virgin Islands (USVI). The moratorium is extended for 90 days, until August 16, 2018. The extension was done through Mortgagee Letter 2018-03 and is effective immediately. This is the second extension of the foreclosure moratorium for Puerto Rico and  USVI, as the original moratorium was extended on March 1, 2018. 

HUD Press Release
Mortgagee Letter 2018-03