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On July 31, a set of pandemic-relief measures for renters and homeowners enacted under President Trump will end — and the Biden administration doesn't appear interested in renewing them. But the Biden administration rolled out a new measure allowing homeowners to refinance their mortgages and cut monthly payments in an effort to aid 1.8 million Americans still in forbearance.
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Around 11.4 million renters — or 16% overall — have fallen behind on rent payments, an analysis of Census data from the left-leaning Center on Budget and Policy Priorities found. Around 3 million people said they could be evicted within two months.
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Separately, the Biden administration is allowing homeowners to extend the length of their mortgages. The White House said on Friday that homeowners with mortgages backed by Fannie Mae and Freddie Mac can still delay their payments until September 30.