The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of West Virginia and Maine affected by severe storms and flooding. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans. The agency also said it would consider relief from certain filing and publishing requirements.
ABA DataBank: New home sales gain in August
As the housing market transitions into the fall season, residential construction and mortgage loan demand could fall as the peak homebuying period comes to an end.









