Mortgage servicers will be required to suspend foreclosure activities for up to 60 days if they are notified that a borrower has applied for mortgage assistance under the Treasury Department’s Homeowner Assistance Fund, the Federal Housing Finance Agency announced today. The HAF was established to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after Jan. 21, 2020.
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates as the Federal Reserve tightened monetary policy.
Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell.
Services include advanced tools for escrow and title transactions, secure solutions for 1031 Exchange accounts and fund management for property management firms overseeing multifamily, commercial and industrial properties.
Leaders from ABA and the joint trades met with officials from FHA and US Housing and Urban Development and submitted recommended changes to the policy along with our rationale.
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98, the National Federation of Independent Business reported.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
