Improvement in performance slows for rent, mortgages, student loans

Improvement in performance slows for rent, mortgages, student loans

Reductions in the number of struggling tenants and people with school-related loan difficulties faltered a little in June compared to March, suggesting that the broader trend toward improvement in housing and educational debt performance is continuing, but has slowed. Missing payments for mortgage borrowers had fallen to 2.19 million in June from 2.33 million in

After scrutiny, Premium Mortgage vows to boost loans to people of color | News

After scrutiny, Premium Mortgage vows to boost loans to people of color | News

A Rochester-based mortgage lender has pledged to invest $500,000 in loan incentives to homebuyers in historically-disadvantaged communities across upstate New York after coming under scrutiny for its lending patterns by state regulators. The move by Premium Mortgage follows a state Department of Financial Services report on mortgage lending practices in the Buffalo area that cited

Legacy offers forgivable loans for businesses hurt by COVID pandemic

Legacy offers forgivable loans for businesses hurt by COVID pandemic

As the country inches to some sense of normalcy, small businesses — especially minority-owned companies — are still struggling to recover from the pandemic’s financial gut punch. Shutdowns during the early days of the pandemic and keeping pace with public health orders wreaked havoc on mom-and-pop businesses’ bottom line. Even as businesses open up, mask restrictions loosen