Angel Oak Mortgage Plans IPO According to an S-1 statement filed with the Securities and Exchange Commission, Atlanta-based Angel Oak Mortgage is looking to go…

Estimated reading time: 0 minutes, 24 seconds

Mortgage Forbearance Helped Businesses, Homeowners: Fed

The Federal Reserve Bank of New York has released research finding that mortgage forbearance was a boon for small businesses and low-income homeowners. So reports Reuters.

Fed Reserve NYA stop to forbearance could result in more households going into delinquency, according to the researchers.

“Whether these forbearances are simply forestalling future trouble for strained business owners, or if the post-pandemic economy will support the owners to catch up the lost months remains to be seen," the researchers wrote.

Read the full article from Reuters.

Read 211 times
Rate this item
(0 votes)

FOLLOW US

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.