The Massachusetts Department of Banking recently issued FAQs on the implementation of House Bill 4647, providing for a moratorium on evictions and foreclosures during the COVID-19 emergency. The FAQs address, in particular, the length of the temporary moratorium, borrower eligibility to obtain forbearance on mortgage payments, alternatives to forbearance, and the impact of forbearance on other obligations during the forbearance period (e.g., property tax and insurance payments). The FAQs also address reverse mortgages, and other implementation considerations.
The FAQs are available here.
Massachusetts House Bill 4647 is available here.