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Lenders holding their own as mortgage relief remains in place

Lenders holding their own as mortgage relief remains in place
Foreclosures likely to tick up at some point
U.S. government agencies continue with moratorium programs for borrowers
iStock
Amid a depressed economy that shows little sign of revving into higher gear in the near term, people s ability to stay in their homes has been a relief for many.
That s been made possible by the federal CARES Act, sweeping relief legislation passed last March as the COVID-19 pandemic took hold that included a moratorium on evictions and foreclosures for those unable to pay their housing costs.
And under orders issued earlier this week by the Federal Housing Finance Agency, those moratoriums have been extended through at least the end of March of this year. Those with mortgages backed by Fannie Mae and Freddie Mac can remain in forbearance for up to 15 months. Federal COVID-19 Payment Deferral allows those borrowers to repay their missed payments at the time the home is sol ....

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Authentic international flavours 24/7 at Plates

By Steve A. Morrell
The newest concept in fine dining was launched at the Cinnamon Grand. More so fine dining with the piquancy of authentic flavours of each country. Meaning you don’t have to go far. Here in Colombo; at the Cinnamon Grand, that’s as far as you need go. At the opening of Plates, the hotel’s 24-hour restaurant recently, it was said you could sample very nearly the best of international cuisine: Italy; pasta carbonara, panzenella, caprese salad with pesto sauce. France: chicken marengo, jambon- beurre, pain de campagne, poulet chasseur; such were the choices.
Additionally a spread of delicious Sri Lankan cuisine. Also on hand, Arabic, Far Eastern, Mediterranean, Japanese; with these choices it was hard to leave, but then with the girth growing to unimaginable circumferences, it was time to go, with every intention of being back for more shortly. ....

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'Colombo Stock Exchange booms again' – The Island

'Colombo Stock Exchange booms again' – The Island
island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.

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