One problem with government emergency actions is that the political class never wants them to end. Witness the Biden Administration’s extension of the eviction and foreclosure moratoriums, which by now are creating more trouble than they’re worth.

The Consumer Financial Protection Bureau this week proposed a rule that would effectively prohibit foreclosures through December. It has also threatened to penalize mortgage servicers and landlords who don’t take action to prevent a surge in “avoidable foreclosures” and evictions when government forbearance programs end.

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