The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Washington state affected by wildfires. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the wildfires, 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.
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...









