Longer lifeline for struggling homeowners sought by Consumer Financial Protection Bureau
CBSN
Homeowners behind on their mortgages could soon win extra time to get caught up, a federal consumer watchdog agency tells CBS MoneyWatch.
An estimated 2 million homeowners are months behind on their home-loan payments due to income losses during the coronavirus pandemic. A foreclosure moratorium passed by Congress last year has kept families in their homes even though they're behind on payments. The moratorium is set to expire next week. Hoping to gain more time for homeowners, the Consumer Financial Protection Bureau is working on a new rule that would delay many foreclosure scenarios into the foreseeable future. A bureau spokesperson didn't give details Tuesday about the pending rule, but told CBS MoneyWatch the agency expects to hash out a proposal involving mortgage servicers in coming weeks.Rodeo star Spencer Wright and his wife are making end-of-life preparations for their 3-year-old son after he was found unconscious in a creek, a close family friend said in updates posted on social media and confirmed to CBS affiliate KUTV. The boy had been playing on his tractor before he ended up in the water and a mile downstream.
The launch of Boeing's star-crossed Starliner spacecraft on its first piloted test flight is slipping to at least June 1 to give engineers more time to assess a small-but-persistent helium leak in the capsule's propulsion system, and its potential impact across all phases of flight, NASA announced Wednesday.
Washington — As former President Donald Trump's "hush money" criminal trial in New York proceeds to closing arguments next week, the legal focus is moving south. His attorneys and longtime aide Walt Nauta appeared before Florida federal Judge Aileen Cannon, where they sparred with prosecutors during two contentious, day-long hearings on Wednesday.