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Stock impact report

Some tenants may see eviction relief as a federal program is extended. [New York Times, The]

Unilever PLC (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
The federal agency overseeing Fannie Mae and Freddie Mac — the two big government-controlled mortgage finance firms — on Friday extended the time period for those firms to grant mortgage relief to apartment owners. Landlords that accept the relief cannot evict a tenant for nonpayment of rent. Sandra L. Thompson, acting director of the Federal Housing Finance Authority, said the extension was needed given the “uncertain nature of this pandemic.” The forbearance period for apartment owners with federally backed mortgages was set to expire this month; it also includes an eviction ban. The F.H.F.A. did not put an end date on the program, which is available to landlords showing a financial hardship because of the pandemic. It is unclear how many owners would accept the forbearance offer and how many renters would be covered. When the U.S. Supreme Court ruled in late August that the Biden administration could not extend the federal eviction moratorium without congressional approval, Show less Read more
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