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.
Technology giant Microsoft Corp. has asked the Federal Communications Commission to allow it to temporarily use so-called “TV white space” to operate on those channels to restore communications capability in areas of Puerto Rico and the U.S. Virgin Islands affected by Hurricanes Irma and María.
A decision by the Federal Emergency Management Agency to provide a $238 million grant for permanent repairs to the U.S. Virgin Islands Water and Power Authority is “credit positive” for the authority, Moody’s Investors Service said in a new report.
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