Category Archives: COVID-19

New Mexico has launched a pilot program that will provide grants of up to $10,000 to help homeowners facing financial hardship because of the COVID-19 pandemic.   The aid is designed to cover past-due and current mortgage payments for New Mexicans who meet income requirements and have financial hardship associated with the pandemic.  To qualify, a […]

COVID-19 Homeowners’ Assistance Program Program provides mortgage assistance to homeowners On April 15, 2021, MFA transitioned its COVID-19 Housing Cost Assistance Program to the Homeowner Assistance Program. This program is available to eligible homeowners who need help making their mortgage and real estate contract payments because of a COVID-19-related financial hardship. As an MFA partner, we are […]

If you lost a loved one to COVID–19, you may be eligible for a government program that pays for funeral expenses. The Federal Emergency Management Agency (FEMA) will pay up to $9,000 for funeral expenses for loved ones who died of COVID–19. Please go to the following link for the official announcement: 2020.05.03 COVID 19 […]

New: REAL ID deadline extended to May 2023 The Department of Homeland Security has extended the deadline for enforcement of the REAL ID Act to May 3, 2023. For most New Mexicans, the likeliest effect of the REAL ID Act will be on air travel. If you show your driver’s license or state ID card […]

State Announces $170M for Rental and Utility Assistance Assistance is for households experiencing financial hardship due to COVID-19 SANTA FE – The state of New Mexico will grant approximately $170M of federal aid to New Mexicans for rental and utility assistance to households experiencing financial hardship due to the COVID-19 outbreak. The Department of Finance […]

FEDERAL MORTGAGE DEADLINES: Loan Type Moratorium Expires Announced FHA June 30, 2021 Feb 16, 2021, Mortgagee Letter 2021-05 VA June 30, 2021 Feb 16, 2021, https://blogs.va.gov/VAntage/84744/va-extends-existing-moratoriums-evictions-foreclosures-extends-loan-forbearance-opportunities/ USDA June 30, 201 Feb 16, 2021, https://www.rd.usda.gov/coronavirus Fannie Mae June 30, 2021 Feb 26, 2021 LL 2021-02 https://singlefamily.fanniemae.com/media/24891/display Freddie Mac June 30, 2021 Feb 25, 2021 https://guide.freddiemac.com/app/guide/bulletin/2021-8 If […]

New Mexico Mortgage Finance Authority COVID-19 Housing Cost Assistance Program MFA will be accepting COVID housing assistance program applications starting tomorrow, March 4, 2021 at 8 a.m. More information about this program can be found here: http://www.housingnm.org/static/covid-assistance

FHA Extends its Foreclosure and Eviction Moratoria and Expands Temporary COVID-19 Forbearance and Servicing Polices to Provide Additional Homeowner Relief Recognizing the financial and other hardships many individuals and families are facing due to the ongoing COVID-19 pandemic, the Federal Housing Administration (FHA) is expanding its relief efforts to assist homeowners with FHA-insured mortgages. In […]

The IRS has started sending out the next round of stimulus payments. Each adult who makes less than $75,000 for an individual or $150,000 for a couple should receive $600 per person. The IRS states that you do not need to do anything to receive this payment. If you received an automatic deposit before, you […]

SOCIAL SECURITY’s 1.3% COLA FOR 2021 IMPACTS SEVERAL BENEFIT PROGRAMS Late last month the federal Social Security Administration announced a comparatively modest 1.3 % “Cost-of-Living-Adjustment” (COLA) increase in Social Security benefits for 2021.  As one measure of inflation, this COLA has clearly been impacted by the economic fallout of the COVID-19 pandemic. For Social Security […]