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COLUMBUS, Ohio, Feb. 17, 2021 /PRNewswire/ Gryphon USA president Richard Kruse said the Biden administration s move this week to extend the 12-month moratorium on home mortgage foreclosures through June 30 undermines the vitality of the nation s housing market as health and economic conditions that prompted the federal policy begin to subside. The unprecedented federal interference into the private housing market due to the COVID-19 pandemic certainly stabilized the shelter of Americans in a healthcare emergency which is positive, Kruse said. However, extension of the foreclosure ban beyond the March 31 expiration fails to recognize the success of social distancing and vaccination programs against the initial emergency policy.