Housing Finance Authority grants 3-mo. moratorium
October 7, 2017
The Puerto Rico Housing Finance Authority confirmed that in the wake of Hurricane María, it agency will offer an automatic three-month moratorium on payments for single-family mortgage loans and the “Casa Mía” program through November.
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Local banks give clients 3-month reprieve on payments
September 27, 2017
Two of the island’s major banks, Banco Popular and FirstBank, stepped up Tuesday to help consumers during the hurricane-invoked emergency, offering three-month moratoriums a number of payments, including on mortgages and credit cards.
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GDB board members resign due to ‘restricted authority’
April 19, 2016
Two Government Development Bank board members are stepping down from their posts, saying, among other things, that the recently approved Puerto Rico Emergency Moratorium and Financial Rehabilitation has restricted the scope of their authority to make important decisions.
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