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Photo: Mint Images/Getty Images

The Department of Housing and Urban Development and the Federal Housing Finance Agency announced foreclosures and evictions will be postponed as the coronavirus continues to negatively impact the U.S. economy

Yes, but: While the move will help more than 30 million American homeowners, it leaves behind the country's nearly 40 million renters who could likely struggle to pay their rent next month as hard financial times hit the country, The Washington Post reports.

Why it matters: David Dworkin, president of the National Housing Conference, told the Post giving renters the option to skip a few payments won't be enough since they will be under pressure to pay their past due amounts all at once. The debt could be unaffordable for many people, particularly those in low-wage jobs.

The big picture: "As renters and homeowners grapple with mass layoffs and business closures, housing advocates, the mortgage industry and banks are growing increasingly concerned that the country will soon face a housing crisis that will rival the one that helped nearly take down the economy a decade ago," the Post writes.

The state of play: There's already been an increase in the number of borrowers seeking help. The pause on evictions and foreclosures will last until mid-May but regulators said it could be extended.

The HUD order applies to single-family homeowners struggling to pay their Federal Housing Administration-supported mortgages, per the Post.

  • It also applies to Fannie Mae and Freddie Mac loans, which cover about 28 million Americans' mortgages.

Go deeper: Pentagon preparing coronavirus quarantine housing for up to 1,000 people

Go deeper

Former Sen. Bob Dole dies

Former Senator Bob Dole in 2019. Photo: Tom Brenner/Getty Images

Former Kansas Senator Leader Bob Dole passed away Sunday morning at the age of 98, the Elizabeth Dole foundation announced in a statement.

Driving the news: Dole, who was the Republican presidential nominee in 1996, served in the senate for 27 years, including including 11 years as GOP leader. Earlier this year he revealed he had been diagnosed with stage 4 lung cancer.

Movie theaters go out of style

Illustration: Sarah Grillo/Axios

Vaccination rates are going up, people are going out to restaurants again — although the new COVID variant may get in the way — but they still aren't rushing back to the movies.

By the numbers: Some 49% of pre-pandemic moviegoers are no longer hitting theaters, according to a study from the film research company The Quorum, as reported by the New York Times.

4 hours ago - Health

Vaccine mandates lose steam in the U.S. while Europe doubles down

Illustration: Sarah Grillo/Axios

European countries are doubling down on pressure campaigns to get people vaccinated just as Republicans continue to wage war — often successfully — against vaccine mandates in the U.S.

Why it matters: The starkly different approaches create a sharp contrast between the regions' approaches to vaccination, even as the Omicron variant rapidly spreads around the world.