Federal Agencies ‘Will not Criticize’ Coronavirus Loan Mods

Six federal agencies on Sunday issued a joint statement encouraging financial institutions to “work constructively” with borrowers affected by the coronavirus pandemic and said they “will not criticize” loan modifications made in a “safe and sound” manner.

The Week Ahead

The impeachment trial of President Trump continues in the Senate for a second week, a spectacle that has captured the attention of Washington, as well as people across the country and around the world.

Federal Banking Regulatory Agencies Issue Final HVCRE Rule

Three federal bank regulatory agencies last week finalized a rule to modify the treatment of high volatility commercial real estate, a move long advocated by the Mortgage Bankers Association.