Puerto Rico property owners could face higher foreclosure levels after moratoriums on loan payments provided by local banks after Hurricane María expire in coming months, executives at FirstBank predicted Thursday.
For the third time since Hurricane María devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration announced it is extending its foreclosure moratorium to borrowers with FHA-insured mortgages.
Freddie Mac and Fannie Mae announced they are both extending the suspension of all foreclosure sales through May 31, 2018 for mortgaged premises located in jurisdictions designated as Eligible Disaster Areas in Puerto Rico and ...