deferrals granted starting Monday and until the end of September will be able to get special capital treatments for loan and premium payments for up to three months, rather than six.
The majority of the mortgage deferrals banks faced were approved in March and April as the pandemic took an economic toll on the country with non-essential businesses shuttered and millions out of work or watching their incomes crash. The transfers are payments made to pension members when they leave a plan, such as when a worker is laid off.
There are going to be thousands of 'jingle envelopes' mailed to banks this coming year as our economy falls apart under the 'green reset'. Banks and mortgage companies are going to be the greatest owners of real estate since 2008