Other moves it is undertaking include business divestitures and increased dividends while defending against a takeover attempt.

Many commercial property owners are locked out of existing coronavirus relief by financing terms that bar them from taking new loans. Under a House bill, they would receive government-backed equity investments.

COVID-19 could not stop the upward pressure on home prices in San Diego County which reached a new high of $600,250 in June.

Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s economic toll.

With coronavirus moratoriums still in place, foreclosures fell to the lowest level since at least 2000, while serious delinquencies ballooned by 1.2 million in June, according to Black Knight.

Delinquencies have been ticking up since the start of the coronavirus pandemic and Capital One is warning of more pain unless the government provides additional relief to tenants and landlords.

Fannie Mae and Freddie Mac have imposed heavy price adjustments for loans that were granted relief under the pandemic relief law enacted in March.

The new normal created by the events so far in 2020 could make this the best year ever for lenders.

COVID-19 continues to upend the Massachusetts residential real estate market as sales of both single-family homes and condos have crashed roughly 23% and 30%, respectively, this June compared with last.

Planet Home Lending took advantage of coronavirus volatility and low mortgage rates to increase its funding volume.