10 Feb, 2021
FHFA extends foreclosure moratorium; OneMain to build credit card business
By Abdullah Khan
Top stories
FHFA extends foreclosure moratorium, COVID-19 forbearance
Government-sponsored enterprises Freddie Mac and Fannie Mae are extending moratoriums on single-family foreclosures and real estate owned, or REO, evictions until March 31 from the previous expiration of Feb. 28.
The COVID-19-related dislocation in capital markets helped push a couple of industry veterans to launch a boutique real estate investment bank, with an aim to bridge the financing gap for emerging real estate sponsors across the U.S.
Private equity firm performance a complex recipe
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More highlights
* Specialty finance company OneMain Holdings Inc. is building a credit card business, President and CEO Douglas Shulman said during the company's fourth-quarter earnings call.
* Moody's Corp. agreed to acquire Cortera Inc., a provider of North American credit data and workflow solutions.
Chart of the day
Banks in most of Latin America's largest economies will begin to normalize dividend distribution this year, analysts say, with Argentina standing out as the only country to have extended a total ban on payouts until at least June.
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