Print article Fishermen must wear masks while they are underway, even while sleeping, and the Coast Guard intends to enforce it. That’s an edict issued as a public health emergency by the Centers for Disease Control and Prevention in a Marine Safety Bulletin issued on Feb. 1. It requires the wearing of masks at all times in U.S. waters on all commercial vessels “when boarding, disembarking, and for the duration of travel” to prevent the spread of the COVID-19 virus. The action states that “conveyance operators traveling into or within the U.S. may transport only persons wearing masks and must use best efforts to ensure that masks are worn.”
Major bank clamps down on new build lending to investors ahead of LVR changes
16 Feb, 2021 04:00 PM
6 minutes to read
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
A major bank has stopped home lending to investors for new builds unless they have at least 40 per cent equity - that s despite new builds being exempt from lending restrictions. Last Tuesday the Reserve Bank confirmed it would bring back loan-to-value ratios for banks with most investors required to have at least 30 per cent equity by March 1 and 40 per cent by May 1.
Up On Main Street this post authored by Donald P. Morgan and Steph Clampitt
The Main Street Lending Program was the last of the facilities launched by the Fed and Treasury to support the flow of credit during the COVID-19 pandemic. The others primarily targeted Wall Street borrowers; Main Street was for smaller firms that rely more on banks for credit. It was a complicated program that worked by purchasing loans and sharing risk with lenders.
Despite its delayed launch, Main Street purchased more debt than any other facility and was accelerating when it closed in January 2021. This post first locates Main Street in the constellation of COVID-19 credit programs, then looks in detail at its design and usage with an eye toward any future programs.