top 10 mortgage deferral

COVID-19 restrictions reveal top 10 list of mortgage deferral hotspots

The impact of COVID-19 lockdown restrictions on Australia’s tourism sector has hit Queensland the hardest, with the state recording nine of the top 10 for mortgage deferral hotspots. An analysis by global information solutions company Equifax revealed that when COVID-19’s first wave hit Australian shores, residents living in regions with tourism-dependant economies struggled to maintain…

IMF extends debt relief for 28 low-income countries for another six months – Xinhua | English.news.cn – Xinhua

Video PlayerClose WASHINGTON, Oct. 5 (Xinhua) — The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the COVID-19 pandemic. “Relief on debt service will free up scarce financial resources for vital emergency medical and other relief efforts while these members…

Singapore banks to extend debt relief for struggling borrowers – The Star Online

We want to continue providing relief to borrowers facing cash-flow challenges while encouraging them to resume loan repayments to the extent they are able to, so that they do not accumulate too much debt, MAS managing director Ravi Menon said in the statement. SINGAPORE: Singapore banks will extend debt relief for individuals and small-to-midsized businesses…