Federal housing agencies extend foreclosure moratorium to Aug. 31
Mark Calabria, director of the Federal Housing Finance Agency (FHFA), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, June 9, 2020. The oversight hearing is to examine housing regulators. Photographer: Astrid Riecken/The Washington Post/Bloomberg
The FHFA and FHA both announced for the second time that they were delaying the freeze to protect borrowers and renters during the coronavirus pandemic.
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.