MBA: Mortgage Forbearance Rate Continues to Decline
With the unemployment rate remaining low, more borrowers were current on their mortgage payments in April compared to the first three months of 2022, according to the Mortgage Bankers Association.
MBA: ‘Remarkable’ Forbearance Recovery
The number of borrowers in forbearance has dropped in less than two year by nearly 4 million in what the Mortgage Bankers Association called a “remarkable recovery.”
MBA: More Borrowers Current on Mortgage Payments
In its monthly Loan Monitoring Survey released this week, the Mortgage Bankers Association found that the total number of loans now in forbearance decreased by 12 basis points.
SBA Extends COVID-Related EIDL Deferrals
Business owners who have received COVID-related Economic Injury Disaster Loans through the U.S. Small Business Administration now have more time before they need to begin repaying the loan.
Mass. in ‘Much Better Place’ on COVID Anniversary
Almost exactly two years to the day that the coronavirus pandemic was declared an emergency in Massachusetts, the state’s top public health officer painted a brightening picture of the pandemic Wednesday and said she is optimistic about the trajectory of the state’s response.
MBA: Pace of Forbearance Exits Slows
The pace of mortgages coming out of forbearance remained slow in January, while new forbearance requests and re-entries increased, according to the Mortgage Bankers Association.
COVID EIDL Program Ends on Friday
The Economic Injury Disaster Loan program for small businesses affected by COVID-19, a key financing option throughout the pandemic, will close on Friday.
Eastern Bank Foundation Gives Another $280K for COVID Relief
Eastern Bank’s philanthropic foundation will donate an additional $280,000 toward COVID-19 relief initiatives, bringing the foundation’s total COVID-related giving to more than $15 million.
MBA: 835K Borrowers Remain in Forbearance
While the pace of mortgages coming out of forbearance slowed in November, fewer than 1 million homeowners remain in forbearance plans, according to the Mortgage Bankers Association.
Free Rapid Tests Part of Biden’s Winter COVID Strategy
As COVID-19 cases surge in Massachusetts and around the country and scientists begin to get a better picture of a worrisome new variant circulating, President Joe Biden on Thursday laid out his strategy to control the pandemic this winter without putting new restrictions on the economy.
EXPLAINER: The Knowns and Unknowns of the Omicron Variant
The World Health Organization says it could still take some time to get a full picture of the threat posed by omicron, a new variant of the coronavirus as scientists worldwide scramble to assess its multiple mutations.
Baker Has ‘Three Big Questions’ About Omicron Variant
Count Gov. Charlie Baker among the public officials who are eagerly awaiting answers to crucial questions about the latest COVID-19 mutant and whether it could alter the nature of the pandemic and the public health response.
Regulators End COVID-Related Relief for Mortgage Servicers
More than 18 months after financial regulators said they would not take action against mortgage servicers for failing to meet certain timing requirements when working with borrowers, this COVID-related regulatory relief has ended.
J.D. Power: PPP Forgiveness Drove Small Biz Satisfaction
Small businesses appreciated how their bank handled Paycheck Protection Program applications and forgiveness, according to a recent J.D. Power survey, but the pandemic continues to affect the finances of more than a quarter of small businesses.
SBA Increases EIDL Loan Limit
The U.S. Small Business Administration has increased the borrowing limit for the COVID Economic Injury Disaster Loan (EIDL) program and made other changes to help small businesses affected by the Delta variant.
Banker & Tradesman’s Editorial Cartoon: Deja Mask
Anyone else getting a feeling like we’ve been here before?
Baker ‘Not Considering’ New Mask Guidance
Gov. Charlie Baker said Monday he has no plans to revisit his administration’s guidance for wearing masks indoors as the spread of COVID-19 accelerates around the country, reiterating his position that decisions about mandating masks in schools are best left with local officials.
Banker & Tradesman’s Editorial Cartoon: We’ve Got a Branding Problem
COVID-19 is creating yet another corporate headache.
SBA to Launch PPP Forgiveness Portal for Smaller Loans
The U.S. Small Business Administration will launch a portal next week that will let borrowers with Paycheck Protection Program loans of $150,000 or less apply for forgiveness directly through the SBA.
CFPB: Consumers Confused by Overdraft Policies on Stimulus Payments
Initiatives by banks to give customers access to the federal government’s economic impact payments have caused confusion for some customers with overdrawn accounts, according to the Consumer Financial Protection Bureau’s latest consumer complaint bulletin.
