As income streams are interrupted due to loss of rents in the midst of business closures during the continuing pandemic, many borrowers are reaching out to their lenders to discuss debt service and other relief under their...more
4/15/2020
/ Borrowers ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Debt-Relief Industry ,
Eviction ,
Landlords ,
Lenders ,
Moratorium ,
Nonprofits ,
Relief Measures ,
Rent ,
Rental Property ,
State and Local Government ,
Tenants ,
Waivers
On March 22, 2020, in response to the growing anticipation for loan modifications necessitated by the implications of the Coronavirus Disease 2019 (“COVID-19”), the Federal Reserve, Federal Deposit Insurance Corporation,...more
3/25/2020
/ Banking Regulators ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
FDIC ,
Financial Institutions ,
FRB ,
Interagency Guidance ,
Loan Modifications ,
NCUA ,
OCC ,
TDR Final Rule