Kushner company stands to benefit from freeze on federal mortgage payments

  • 📰 politico
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 59%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

With more than $800 million in federally backed properties, Kushner Companies could reduce its payments to zero under provisions of recovery bill

Jared Kushner’s family business could be a prime beneficiary of a provision in the federal recovery bill that allows owners of apartment buildings to freeze federal mortgage payments on low- and moderate-income properties.

Neither Kushner Companies nor the White House responded to requests for comment on the mortgage program, whether Kushner Companies may use it, or on details of Kushner's stake in his company. In addition to large investors, the recovery bill also provided relief for individual homeowners whose mortgages are backed by federal lending giants Fannie Mae and Freddie Mac. There is no similar blanket relief for renters, who are also the most likely people to lose their jobs during the crisis.

There are several other provisions of the bill that could still provide valuable aid to members of the Trump family in the months ahead, including a $350 billion loan program for small businesses for which Trump hotels and hotels operated by the Kushner family could potentially be eligible, and a tax provision that allows real estate owners to use their losses to offset gains in other investments such as the stock market, as reported by The New York Times.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course he does. Everything he does has a $ attached to it.

craigcalcaterra NO it doesn't. Kushner and his company is exempt from benefiting from that law.

leonbergers Profit of death!!

The corruption is rampant

Oh color me fucking shocked.

For those who were employed

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

22 banks that may help with your mortgage payments during the COVID-19 outbreak - Business InsiderAre you a homeowner who has been financially affected by COVID-19? These banks offer mortgage payment assistance programs. EITMonline It’s called a forbearance
Source: BusinessInsider - 🏆 729. / 51 Read more »

Koodoo launched a tool to help consumers navigate mortgage payment holidays - Business InsiderKoodoo has introduced a solution that helps customers navigate the mortgage payment holidays offered by many lenders amid the coronavirus pandemic
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mortgage applications slump 24% to the lowest in more than 3 years as coronavirus hits the housing market | Markets InsiderMortgage applications to buy a home fell 11% last week and 24% from a year ago, according to a survey released Wednesday by the Mortgage Bankers...
Source: BusinessInsider - 🏆 729. / 51 Read more »