According to the Washington Post, the Coronavirus Aid, Relief, and Economic Security (Cares) Act indicates that mortgagees have the right to ask for an initial forbearance of up to 180 days with interest accruing, but with fees and penalties are waived. Questions: What was actually happening when mortgagees contacted their mortgage companies for coronavirus relief?… Read more »
Posts Tagged: lump-sum payments
A Deep Freeze for GE Pensions
According to the WSJ, General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. Questions: Who is the CEO? The video said the CEO has been aggressive. What has he… Read more »