The economic impact of coronavirus is expected to hit bank profitability hard, as customers struggle to make loan payments and growth projections slow with a large chunk of the world hunkering down to prevent the spread of the virus.
With four cases of the coronavirus-caused COVID_19 illness confirmed in the state as of The Registry Review’s deadline, real estate businesses and financial institutions are preparing contingency plans.
Commercial landlords will get a tax break on building upgrades under the stimulus package approved Friday by the U.S. House of Representatives.read more
Gov. Chris Sununu on Thursday announced a series of measures to further tackle the coronavirus outbreak, including requiring nonessential businesses to close and telling residents to stay home. More on developments in the state.read more
Last week was the first where the coronavirus suddenly became very real for much of America, and it shows in mortgage application data from the Mortgage Bankers Association.read more
The Federal Reserve said it will suspend some of its bank supervisory activities to give banks more leeway in dealing with financially strapped customers.read more
A trade group representing the country’s multifamily landlords said yesterday all managers and owners of apartments should consider halting evictions of any tenant out of work or with reduced income thanks to the coronavirus pandemic.read more