Loan Modification, Hass Avocados & More

WASHINGTON (CN) – Mortgage loans modified under the Treasury’s Making Homes Affordable Program will retain the risk weight assigned to that loan before the modification, as long as the loan continues to meet certain other criteria, according to regulations by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision.     The regulations are meant to support the timely implementation of the program, and to promote stability in the financial system.     The Animal and Plant Health Inspection Service has relieved certain restrictions regarding the movement of Hass avocados. Specifically, the APHIS amends its domestic quarantine regulations to provide for the interstate movement, with a certificate, of Hass avocados from areas in the U.S. quarantined for Mexican fruit fly or sapote fruit fly, provided that the fruit is safeguarded after harvest in accordance with specific measures.     Click on the document icon for new federal regulations.