Accounts

Few delinquent loans become common as the economy rebounds

The post-COVID economic comeback is actually helping CRE in general, but instead of updating overdue properties, it keeps more distress at bay. A new analysis from Moody’s Analytics REIS notes that the pandemic “has exposed weak assets, accelerating their deterioration”, particularly with regard to older malls in slow-growing areas and …

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Expert explains why student loans weren’t canceled

FORT WAYNE, Ind. (WANE) – Federal student loan payments have been extended again. The student loan freeze is now extended until January 31, 2022. “This extension gives borrowers 22 months into the duration of a payment interruption,” said Andrew Pentis, student loans advisor. “One thing to note from the Department …

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Freddie Mac announces sale of $ 185 million loan

MCLEAN, Va., Aug. 06, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) today announced that it has auctioned 1,139 outstanding first residential mortgages from its mortgage-related investment portfolio. On average, 105 months have passed since the pool’s loans became 4 months past due. The loans, with a balance of approximately …

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