Rising mortgage rates, underscoring Refi’s urgency

You have money matters. Bankrate has answers. Our experts have been helping you stay on top of your money for over four decades. We continually strive to provide consumers with the expert advice and tools they need to be successful throughout their financial journey. Bankrate follows a strict editorial policy, …

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Fed proposes to ban US foreclosures until 2022

The Consumer Financial Protection Bureau (CFPB) on Monday proposed to ban foreclosures until 2022, as many families risk losing their homes as federal protections during the pandemic expire. © Getty Images Fed proposes to ban US foreclosures until 2022 “We have seen a shocking increase in housing insecurity, with millions …

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Almost half of restructured bank loans

By Christine Kasemiire Financial institutions have restructured nearly half of their loan portfolios, signaling the devastating effect of Covid-19 on the economy. Bank of Uganda research director Dr Adam Mugume told Daily Monitor that in January banks restructured almost half of their loans, which represented 46% of the total loan …

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