Coronavirus small business loans: Lenders prepare for surge of affected applicants

Coronavirus small business loans: Lenders prepare for surge of affected applicants

One lender has a queue of more than 7,500 businesses, before it has even begun accepting applications. Facebook; Twitter; Comments; Print; Email.
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What Chicago homeowners need to know about mortgages during the coronavirus crisis

On the first of the month, millions of Americans made mortgage payments but with the economy at near halt, it's hard to say how many homeowners
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Housing market grinds to a halt as Covid-19 crisis takes hold

The residential property market has effectively ground to a halt due to the Covid-19 crisis with fewer than 1,300 properties posted for sale on website
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Bank of America CEO Moynihan on dealing with coronavirus: 'Nickel-and-diming is a dumb thing …

Bank of America CEO Brian Moynihan is tackling the greatest threat to humanity and the economy in generations and trying to do the right thing for his
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'Wheel of Fortune' Star Vanna White Urges Fans to 'Stay Safe' After Show Suspends Production …

“With the increasing concern surrounding COVID-19, we have decided to temporarily suspend production on Wheel of Fortune and [Jeopardy!],” the
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Further Upside Possible:: Marriott International, Inc., (NASDAQ: MAR)

every buying and selling session display one-of-a-kind measures and patterns about, Lodging stock. Presently we observed the various factors that seen
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Korea's KB Bank Uses Trustonic In-App Protection to Enhance Mobile Banking Experience

By combining TAP with its new digital authentication certificates, the bank is dramatically simplifying customers' access to banking services and enabling
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Real Estate Brokerage Software Market Analysis 2020-2026 Global Industry Demand, Growth Rate …

The Real Estate Brokerage Software Market development trends, and marketing channels are analysed. Finally, the feasibility of new investment
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DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8

The District of Columbia Housing Finance Agency is an S&P A + rated issuer, serving Washington, D.C.'s residents for 40 years. The Agency's mission is
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Home lenders brace for up to 15 million mortgage defaults

A house under foreclosure in Antioch, Calif., in 2007. Some homeowners are able to delay mortgage payments for now as the economy freezes up, but
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These 4 Mortgage REITs Are 'in Limbo,' According to KBW

Four publicly traded vehicles that invest in residential mortgages are now “in limbo,” says Keefe, Bruyette & Woods. One challenge for would-be
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Lot Lines: Real estate considered essential

The transaction also requires insurance providers, lenders, and title companies. The insurance and lending piece can be performed virtually and
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Banks can stand among the economy's first responders

Some argue that the crisis has been the catalyst to finally show millions of bank customers that they can handle most of their banking needs entirely
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Do the Textbooks Get Money and Banking Backwards?

In chapter 5 we reviewed the textbook analysis of how a central bank buys government debt in “open market operations” to add reserves to the banking
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Worst Oil Shock in History: Someone Is Buying

… U.S. is changing the dynamic in what the International Energy Agency (IEA) calls the worst oil shock in history. Talk that China is getting ready to buy
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Real estate and construction defined as 'essential business,' say officials

A key South Bay economic indicator, the real estate business—commercial and residential—got a shot in the arm over the weekend as it was declared
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US trade gap fall to a four-year low; trustbusters seek to break up Altria's deal with e-cig startup Juul

Freddie Mac said the 30-year fixed-rate mortgage averaged 3.33 percent, down from 3.50 last week. A year ago, the average rate was 4.08 percent.
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Here's Why I Think Fortune Electric (TPE:1519) Might Deserve Your Attention Today

How Fast Is Fortune Electric Growing? As one of my mentors once told me, share price follows earnings per share (EPS). That makes EPS growth an
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Cheyne Credit Fund Lost 25% in March on Bets Hit by Coronavirus

… month as debt markets convulsed over the impact of the deadly coronavirus … in February, according to an investor letter seen by Bloomberg News.
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Exploding Fed Balance Sheet Risks Unintended Brake on Bank Loans

The central bank said on Wednesday that that it was temporarily easing banks' leverage ratios in order to increase their ability to provide credit to
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Amazon gaming ambitions include original title in May, cloud platform

Amazon gaming ambitions include original title in May, cloud platform

Amazon gaming ambitions include original title in May, cloud platform … This is a separate venture from the company's earlier announced New World,
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Which borrowers are getting help under CARES Act — and which aren't

The coronavirus relief is only for borrowers with loans backed by Fannie Mae and Freddie Mac, the federally controlled mortgage giants. Many loans
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Huobi exchange partners with the crypto lending platform Cred

Thanks to the partnership, Huobi users will now be able to lend their crypto holdings to receive monthly interest payments. Huobi, a crypto exchange and
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Unlicensed financial advice by real estate agents to tenants

ASIC has written a letter to the real estate institutes in each state outlining concerns about some real estate agents who are advising tenants to apply
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Banking industry awaiting final rules, guidance regarding Paycheck Protection program

The Alabama Bankers Association represents 126 banks. Banks in Alabama have combined deposits of more than $100 billion and have 1,466
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UK banks banned from requesting personal guarantees for loans

Sunak, the Bank of England governor, Andrew Bailey, and the interim head of the Financial Conduct Authority, Christopher Woolard, told UK banking
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Australian real estate agents face fines and jail if tenants told to use super to pay rent

In a letter to peak real estate bodies, the Australian Securities and Investments Commission's head of enforcement, Tim Mullaly, said the regulator was
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Banks warn of 'utter chaos' in new small business lending program

The program is supposed to begin at midnight, but banks say there is so little guidance from the Trump administration that they may not be able to lend.
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Mnuchin Says Energy Firms Hit by Oil Rout Can Use Fed Lending

(Bloomberg) — Treasury Secretary Steven Mnuchin said energy companies squeezed by the oil-price war can turn to the Federal Reserve's lending
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30-Year Mortgage Rates Are Back Near Record Lows — For Some Borrowers

On Thursday, Freddie Mac said the average rate for a 30-year mortgage was 3.33%, with 0.7 points paid, for the week ending April 2. That's down from
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Eugene real estate market hopes for stability amid pandemic

The real estate market is no exception to the number of industries that are having to adjust to a socially distanced world. Posted: Apr 2, 2020 7:24 PM.
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Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month

… non-bank lenders make loans into bundles, which, if approved by the government-backed Fannie Mae and Freddie Mac, are sold on bond markets.
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Get Free Help with Mortgage Forbearance

I am a licensed mortgage originator NMLS #598526 and I have been in the home financing business for almost 40 years and have been through
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Singapore's Richest Man Gains $3.5 Billion With Ventilators

As the coronavirus pandemic wrecks economies, markets and fortunes, three founders of a company that makes ventilators have added a combined
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Mortgage Financier Ladder Taps Moelis for Strategic Advice

(Bloomberg) — Ladder Capital Corp. tapped investment bank Moelis & Co. for strategic advice as the mortgage-finance company grapples with the
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Florida Agency Network CEO Named Newest Addition to Alanna.ai Board of Directors

Davis has long been considered a leader in the title insurance industry, and he … Alanna.ai is a technology company whose sole mission is to provide
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William Fortune Snyder

Saratoga Springs — William Fortune Snyder, 78, passed away peacefully after a long illness on March 13, 2020. In lieu of flowers, consider a donation
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CNC Machine Tools Market Strategy And Remarkable Growth Rate By 2026 | Fortune Business …

According to the Fortune Business Insights report, titled “CNC (Computer Numerical Controls) Machine Tools Market Size, Share and Industry Analysis,
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Covid-19 tatters apparel industry, revenue to fall 10-15% next fiscal

International buyers have deferred shipments and cancelled orders till … is likely to affect buying power, which would affect discretionary consumer
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What missed rent and mortgage payments mean for the financial system

It is payday, but also when rent and mortgage payments—their biggest bills—are due. Businesses must shell out wages and rent from revenues
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HUD Issues New Cares Act Mortgage Payment Relief for FHA Single Family Homeowners

HUD Issues New Cares Act Mortgage Payment Relief for FHA Single Family Homeowners

Further, FHA today instructed mortgage servicers to: Delay submitting Due and Payable requests for Home Equity Conversion Mortgages by six months,
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Digital Lending Startup Better.com Hiring 'Aggressively' As More People Refinance

An internal memo to employees from Better.com's CEO and co-founder Vishal Garg reveals that the mortgage lending startup has “a current need to
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Will coronavirus outbreak slam US home prices?

Freddie Mac rate news: The 30-year fixed-rate averaged 3.33%, down 17 basis points from last week to the fifth-lowest rate in 49 years. The 15-year
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'Why would we risk it?' Real estate brokers push back push back on ruling that they're essential

The Real Estate Board of New York, the industry's largest lobbying group, emailed members Thursday morning, saying that the guidelines are not
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Singer Nate Ruess and Fashion Designer Charlotte Ronson List Their Swoon-Worthy NYC Pad for …

The singer and designer had a long-standing friendship beginning after Ruess purchased Fortune's Los Angeles home, where the couple lived before
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UK Housing Market Poised to 'Grind to a Halt' Despite a Solid March

Housing Market Poised to 'Grind to a Halt' Despite a Solid March. House prices grew 3% last month before the Covid-19 crisis, Nationwide says.
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RPM International Remains Expensive

For that reason, I can't recommend buying at these levels. That said, I think the options market presents investors with what I consider to be a win-win
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Missoula real estate market is 'moving along'

Springtime in Missoula means the housing market gets heated up. This time of year, around 10 to 12 new listings pop up each day, but the pandemic
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SF lawmakers push for rent cancellation and mortgage moratorium

… who joined the video press conference with SF lawmakers, said, “An eviction or foreclosure moratorium or even deferred rent or mortgage payments
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Russian Fund Behind Coronavirus Aid Shipment Is on US Lending Blacklist

… footed half the bill of a coronavirus aid shipment delivered to the U.S. on Wednesday has been on a U.S. Treasury restricted lending list since 2015.
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Mnuchin's Fortune Tied to Companies He Can Bail Out

Mnuchin's Fortune Tied to Companies He Can Bail Out. Through his $454 billion bailout fund, Mnuchin can boost the stocks of companies comprising
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Geosynthetics Market Size to Reach USD 45.25 Billion by 2026; High Usage of Sustainable …

Fortune Business Insights™ presents a list of companies operating in the geosynthetics market. They are as follows: TENAX SPA; Tensar International
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North End / Waterfront Real Estate Sales for March 2020

North End / Waterfront Real Estate Sales for March 2020. Check out the residential closings in the North End / Waterfront area during the month of
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Spiking Unemployment Means Millions of Americans Can't Pay Their Rent This Month. Can The …

Landlords of multifamily units that are backed by Fannie Mae and Freddie Mac can also seek mortgage forbearance on the condition that they don't evict
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Coronavirus: Darien Real Estate 'Challenging'

DARIEN, IL — Neringa Koller, managing broker of Darien's American Brokers Real Estate, said her business is seeing a slowdown. Agents have no
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Beyond International Buys TCB Media Rights From Kew Media Group

Beyond is buying TCB from FTI Consulting Canada Inc., the official receiver for Kew Media Group. The acquisition will be completed through Beyond's
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Ponte Vedra Beach real estate still thriving despite pandemic

With fears of a drowning economy due to the COVID-19 pandemic, businesses are finding new ways to stay afloat, including those in real estate.
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Is It Crazy To Buy Oil States International Inc. (NYSE:OIS) And Lipocine Inc. (NASDAQ:LPCN)

JP Morgan advised investors in its research note published on February 21, 2020, to Neutral the OIS stock while also putting a $11 price target. The
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What's Happening In The Real Estate Market? Month To Month Comparison

Out of respect for all professionals involved – agents, the title company, lenders, inspectors, etc. – we are now recommending 45-day escrow periods
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Here's Why You Should Retain FTI Consulting (FCN) Stock Now

A prudent investment decision involves buying stocks that have solid prospects … continued revenue growth from the existing international operations.
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3 Reasons to Invest In Real Estate During a Recession

3 Reasons to Invest In Real Estate During a Recession

Gartenberg says incorrect assumptions about real estate prices and recessionary environments can keep investors from pursuing a property investment,
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Covid-19 crisis brings turmoil, uncertainty to real estate industry

In February, before the Covid-19 crisis had yet to be called a global pandemic, the New Hampshire residential real estate market was still showing
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Investors Need To Prepare For the Earnings Season From Hell

For the first time in history, much of the world is voluntarily shutting down its economy in an all-out war to beat a virus. The result is likely to be the most
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COVID-19: Title Insurance Requirements and Recording Office Closures

Most title insurance companies are requiring the seller or borrower to indemnify the title insurance company for any defect, lien, or other encumbrance
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Coronavirus slows, but doesn't stop real estate lending: Report

Office lending has slowed slightly. “Selective” hotel lending continues. Retail and condominiums have seen the least activity, with condos being
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Three Factors Driving The Rise Of Fintech And What The Banking Industry Can Learn From Them

Many banks have scaled down their retail banking business to focus on more profitable commercial and investment banking businesses. Even within
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Coronavirus pandemic leaves Australia's international students facing financial distress

More than 500,000 international students were in Australia when the … “I'm about to finish my degree — do I pay my school or do I buy something to
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Mortgage Help Is Available For People Displaced By Covid-19

… you throughout this pandemic. Freddie Mac. www.freddiemac.com/about/covid-19.tml. Fannie Mae. www.knowyouroptions.com/covid19assistance
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Fitch Takes Rating Action on Three Austrian Banking Groups on Coronavirus Disruption

Banks have solid risk-weighted capital ratios and the funding profile is underpinned by a high customer deposit base. Rating Actions. ENTITY/DEBT
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Expensive Market, What To Buy? American International Group Inc. (NYSE:AIG), BlackBerry …

The shares of American International Group Inc. (NYSE:AIG) has been pegged with a rating of Buy by Standpoint Research in its latest research note
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Tompkins Mahopac Bank to Aid Employees Affected by COVID-19 Pandemic

“Banks have been deemed to provide an essential service to our customers and communities and this is a way we can show our appreciation to our
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How the Coronavirus Recession Is Affecting Real Estate, and Tourist Tax Revenue Plummets

During the Great Recession, South Florida real estate got pounded. The housing bubble and the resultant collapse of securities tied to mortgage
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In Just Three Weeks, 10% of Workers in These States Are Jobless

… their workers — around 10% — file for unemployment benefits in the past three weeks, according to a Bloomberg News analysis of government data.
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Credit unions take proactive approach in helping newly distressed mortgage borrowers

“I think the thing that we learned from the 2007-2008 housing crisis was to act early, to act decisively, and to do everything we can to keep our
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Mortgage help available for those impacted by coronavirus

It's an unprecedented time of unemployment and the need for banks to work with customers on mortgage payments is greater than ever. Mark Sutter is
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Mortgage rates fall as market liquidity improves

The decline “reflects improvements in market liquidity and sentiment,” said Freddie Mac Chief Economist Sam Khater. “While the market has stabilized
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Banks Make Adjustments Due to Virus Outbreak – Change in Hours, Public Access

The Missourian contacted area banks in Franklin County to see how they have adapted in these ever-changing times to serve their customers. Bank of
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Online-only banks outshine traditional rivals — with one exception

According to J.D. Power's latest direct banking study, online-only banks earned an overall satisfaction score of 864 out of 1,000, compared with the score
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Family ties, early passion for real estate steered Wesselkamper to lifelong career

“I learned how to sell unsalable properties by the school of hard knocks.” Wesselkamper is now a real estate agent with Coldwell Banker West Shell, with
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Reverse mortgage lender settles False Claims Act charges for $2.5M

The settlement resolves accusations that prior to May 1, 2010, Urban Financial ordered appraisals for reverse mortgages through a form that provided
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What to Expect From the Housing Market in 2020

What to Expect From the Housing Market in 2020

One hopeful takeaway from the SARS epidemic is that home prices, and the housing market in general, weren't impacted significantly in the long run.
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Home lenders brace for up to 15 million mortgage defaults amid coronavirus crisis

… with a record 10 million new jobless claims — can ask to skip payments for as many as 180 days at a time on federally backed mortgages and avoid
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COVID-19 May Boost E-Signature Adoption in Reluctant Mortgage Ecosystem

COVID-19 has forced many aspects of day-to-day life to go remote, and in the case of e-signature use in the mortgage space, the impact may already
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Who Will Define the Digital Mortgage Experience?

In the mortgage industry, the term “automation” ultimately refers to a broad range of technologies that are intended to make life easier for mortgage
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Industry Group Works to Ensure Easter Sale's Success

… scenes with government authorities as well as encouraging international buyers to participate in the Inglis Australian Easter Yearling Sale in a bid to
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FHA rolls out new mortgage relief options amid coronavirus outbreak

The Department of Housing and Urban Development announced Thursday that the Federal Housing Administration is rolling out a “tailored set of
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Diagnosing real estate's work from home syndrome

Diagnosing real estate's work from home syndrome. From property owners to residents and their brokers, the looming question is whether emergency
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NSHE institutions lending help to state during pandemic

“Truckee Meadows Community College is lending two ambulances to the Reno Fire Department, and NSHE institutions are loaning ventilators and
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Adam Neumann Ousted From Billionaire Ranks on SoftBank Reversal

SoftBank Group Corp.'s decision to scrap an October agreement to buy $3 billion of WeWork stock means the former chief executive officer's fortune has
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Economic Uncertainty Drives 50 Percent Increase In Mobile Banking, According To MX Findings

SILICON SLOPES, Utah, April 2, 2020 /PRNewswire/ — MX, the leading digital transformation platform for banks, credit unions, and fintechs, today
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New lending service comes to Kodiak

New lending service comes to Kodiak. By IRIS SAMUELS iris@kodiakdailymirror.com; Apr 2, 2020; 2 hrs ago; 0. New lending service comes to Kodiak.
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Israeli spy agency's latest mission: Hunting worldwide for scarce ventilators to battle coronavirus

One unidentified Mossad official described a chaotic international … The agency's first foray into buying supplies abroad was a costly mistake,
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Real Talk: Navigating the real estate market during the COVID-19 pandemic

… service, and property closings occur as necessary, dependent upon availability of a title company's scheduling and court house's opening hours.
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Homes for sale: Protocol has changed, but local Realtors are staying busy

If all of a sudden we weren't allowed to close, that has an impact not only on me and my company … it hurts people and affects jobs. Title companies
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Mansion Global Daily: Signs of a Slowdown Appear in US Markets, City Dwellers Look to Phill …

U.S. Housing Market Shows Early Signs of a Slowdown Amid Covid-19. New listings in the last week of March declined 34% year-over-year after a
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Ash Creek Homes recognized at the 2020 Residential Real Estate Awards on March 12

Ash Creek Homes received the 2020 Production Home Builder award at the Residential Real Estate Awards on March 12. (Courtesy Ash Creek
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Successful mortgage originators move the discussion away from rates

The 2020 countdown of the National Mortgage News Top Producers list continues by featuring the loan officers ranked 26 to 100. By Brad Finkelstein. 1h
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Ladder Capital Corp Provides Financing and Liquidity Update

Our investment activities include: (i) our primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial
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Record jobless claims but Dems, GOP divide over rescue bill

He said people who have federal mortgage loans through the Virginia Housing Department Authority could defer loan payments for up to three months
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Rent regs don't deter multifamily lender

… more cautious lending environment towards rent stabilized multifamily properties, lenders are comfortable lending on lower or moderately leveraged
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EU Banking Watchdog Sets Out Relief for Virus-Hit Loans

EU Banking Watchdog Sets Out Relief for Virus-Hit Loans

LONDON — The European Union's banking watchdog published guidance on Thursday to help banks avoid having to step up provisioning for loans
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Powerhouse Gym in Stuart offers 'lending library' to members during coronavirus closure

We're family,” said Mary Jane and Roy Stefanowski. They are lending free weights, exercise bands and spin bikes. The next pickup time for equipment is
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Banking Industry Awaiting Final Rules and Guidance Regarding Paycheck Protection Program

The Illinois Bankers Association is a full-service trade association dedicated to advancing a positive business climate for the entire banking industry and
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Cboe Global Markets Commends Federal Banking Agencies' Action to Strengthen Market Liquidity …

In November 2019, the bank regulatory agencies approved the SA-CCR rulemaking. Clearing banks are required to adopt SA-CCR by January 1, 2022.
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New York Governor Cuomo Holds Coronavirus Briefing

Welcome to our TOPLive coverage of New York Governor Andrew Cuomo's news conference on the state's response to the coronavirus pandemic.
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TPG Mortgage REIT Taps Houlihan Lokey for Strategic Alternatives

The New York-based REIT is monitoring government programs and engaging in active discussions with lenders and other potential sources of financing,
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Coronavirus live updates: Global cases top 1 million, Americans may face relief check delays

Manhattan real estate sales ground to a halt at the end of March, and some … Saudi Arabia and Russia will ease the pressure off the oil market.
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COVID-19 May Reduce Housing Sales By 35%, Says Report

According to “COVID-19 – Will it Reset Indian Real Estate? … decline in 2020, significant new trends will emerge across segments of Indian real estate.
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The World Bank Group Moves Quickly to Help Countries Respond to COVID-19

World Bank Group launches first operations for COVID-19 (coronavirus) emergency health support, strengthening developing country responses.
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Lubbock Banking Community announces $343000 contribution to support organizations affected …

We truly are all in this together, and we are grateful for the leadership the banking community has shown.” List of Contributing Banks: AIM Bank.
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Will Retail Landlords Embrace the Cannabis Industry?

RA: Within cannabis commercial real estate, I think early trends post the onset of COVID-19 include the need to shift operations toward online ordering
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Exactly How To Start Running, According To An Expert

But there are a few simple guidelines that can help can any new or returning runner get into the swing of things. Here, Fortune's top tips. Advertisement
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Thursday's ETF Movers: IXC, FPE

Bank of America is one of the top mortgage lenders in the country. In 2019, its residential mortgage loan portfolio reached over $236 billion in size.
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Could Real Estate Be A Safe Haven In Uncertain Times?

Right now, the pipeline of real estate deals is at a standstill. In major markets like NYC, brokers can't show buildings, quarantines have halted tenants'
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How to Buy Bitcoin UK: A Beginner's Guide

Take note, buying Bitcoin from an ATM can cost as much as 10% in fees, so do bear this in mind. Peer-to-Peer Websites. An alternative option that you
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Realty Income Corp. (O) Stock Sinks As Market Gains: What You Should Know

Coming into today, shares of the real estate investment trust had lost 40.54% in the past month. In that same time, the Finance sector lost 24.72%,
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Workiva to Report First Quarter 2020 Results

FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Workiva Inc. Note: Claim not confirmed by
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Crain's Daily Gist podcast: When recovery comes, real estate will play a role

Looking at housing market data leading into the COVID-19 pandemic, Crain's residential real estate reporter Dennis Rodkin discusses what the
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Infections Reach Grim Mark; Trump Tests Negative: Virus Update

… in public, Bloomberg News reported earlier, as new research shows that the pathogen may hang in the air after people sneeze, cough or even talk.
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Thailand's 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic

Despite the government's recent announcement of a $16 billion stimulus package, the benchmark stock index fell by nearly a third since fortunes were
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Virus Rips Into Middle-Class America, Where Finances Are Fragile

Virus Rips Into Middle-Class America, Where Finances Are Fragile

About 110 million U.S. adults had credit-card debt at the start of the coronavirus outbreak, according to new data from CreditCards.com. Almost
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Top Producers rankings Nos. 26-100

… National Mortgage News Top Producers list continues by featuring the loan officers ranked 26 to 100. During 2019, mortgage originators started the
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Premier Inc. Pursues Crucial Strategies to Get Supplies, Enable Care Delivery During COVID-19

Recognizing the need to balance America's reliance on international manufacturing and sourcing, Premier's direct sourcing subsidiary, S2S Global,
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How the coronavirus will change closings, home prices and what's on the market – Pierce County …

Or rather housing . . . and housing affects us all. Two months ago a house a block away from our home came on the market. Two days later it was sold.
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Off-the-Charts Unemployment Stokes Fresh Fears of a Recession. Is a Housing Crash in the Cards?

The Federal Housing Finance Agency also suspended foreclosures and evictions from single-family homes for 60 days on Fannie and Freddie loans.
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What the $2T stimulus does for real estate

What sort of help can the real estate industry expect? The Real Deal's editorial team has broken down key aspects of the stimulus package that are
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100-Year-Old Bay Area Dairy Company Berkeley Farms Closes For Good

“People need a good luck fortune right now,” co-owner Kevin Chan says. “I really want people to hang on and stay positive. Tomorrow will be better.
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Thousands of CRE borrowers call on banks for debt relief

Those firms represent the largest servicers of commercial mortgage-backed securities and Freddie Mac borrowers. There is no precedent for the
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Another 5 Billion Reasons to Walk Away From WeWork

… is why it decided not to consummate the tender offer, Bloomberg News reported, citing a statement from a committee advising WeWork's board.
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Two Carriers Say They Will Seek Federal Aid

… title Product code Barrons_Blogs name Barrons Blogs value Barrons Blogs status modified headline Luckin Coffee Stock Plunges After Company
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The CARES Act and What It Means for AFI Alumni

… across the country that includes renters whose landlords have mortgages backed or owned by Fannie Mae, Freddie Mac and other federal entities.
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Investors have great interest in Robert Half International Inc. (RHI), Sonim Technologies Inc. (SONM)

Robert Half International Inc. (NYSE: RHI) shares are -39.56% down in the year-to-date (YTD) period and have moved 1.11% or $0.42 higher in the
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US Mortgage Rates Back to Record Lows, Refinancings Surge

The Fed began buying up to $40 billion of agency MBS, issued by Ginnie Mae (the National Mortgage Association), Freddie Mac (the Federal Home
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Nobody Knows How to Wean Manatees Off Coal Plants

The view from the parking lot at Big Bend Power Station, a 1,500-acre plant built in the 1960s to turn coal into electricity just south of Tampa, includes
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Can servicers tap Fed facility for liquidity?

The Mortgage Bankers Association called on the Federal Reserve and the … Failure to do so could jeopardize the infrastructure of housing finance,
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How coronavirus is affecting the housing market

How coronavirus is affecting the housing market. Millions of Americans can't pay their rent or mortgages. We're tracking the impacts on tenants,
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Walmart puts sale of majority stake in UK chain Asda on hold as coronavirus upends grocery industry

… to reorient its international footprint, which also included selling a majority stake in Walmart Brazil and buying a majority stake in Indian e-commerce
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How's the market? How real estate transactions go sideways: Part II

I've been in real estate for more than 40 years, and the vast majority of transactions I've witnessed have been between people who are honest and
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World travelling startup mentor lending her expertise to entrepreneurs in her new Cape Breton home

Even at an early age, Veronica Merryfield showed a knack for problem solving and a penchant for learning something new. It was a skill set that many
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3M CEO on N95 Masks: 'Demand Exceeds Our Production Capacity'

The machines need a hard-to-find shape of elastic band, said Charles Fatora, the company's head of global procurement. Personnel aboard the USNS
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US Holds Off on Extending Virus Aid to Mortgage Servicers

US Holds Off on Extending Virus Aid to Mortgage Servicers

U.S. regulators are holding off on helping mortgage servicing firms that could be hit with a surge of missed payments from borrowers hurt by the
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US banks will reap billions in fees from the government for coronavirus SMB loans

US banks could make billions of dollars in fees from the nearly $350 billion in loans that will be issued to small businesses through the federal
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Mortgage loan-officer hiring was up at banks before coronavirus

National Mortgage News Logo … Mortgage loan-officer hiring was up at banks before coronavirus. By … Bank employment of mortgage loan officers rose slightly last year after a large drop in 2018, according to annual National Multistate Licensing System and Registry data released by the Conference of
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Mortgage, Rent Freeze Proposed In PA Due To Coronavirus Fallout

PENNSYLVANIA — Several Pennsylvania state representatives are proposing a mortgage and rent freeze due to economic and employment impacts
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See if your mortgage is federally backed

The message on her mortgage company's website: “The forbearance plan available at this time allows borrowers experiencing a temporary hardship to
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May 22nd Options Now Available For Johnson Controls International (JCI)

Investors in Johnson Controls International plc (Symbol: JCI) saw new … A particularly strong insider buying signal is what we call a “cluster-buy”
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Older Millennials Driving Refinance Surge

Refinances may continue to grow as Freddie Mac reported that the average 30-year fixed-rate mortgage dropped to 3.33% for the week ending on
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Should You Buy Oil Stocks Right Now?

But oil is still the black blood that flows in the veins of the global economy. … to their prices only a couple of months ago, should investors be buying?
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Study: Real estate taxes hit poor hardest, not necessarily used for assumed purposes

If so, how much? A University of Kansas study found that municipal real estate transfer taxes in Illinois hit low-income homeowners the hardest. David
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Government housing agency unveils new mortgage relief policies for struggling borrowers

FHA also instructed mortgage companies to delay due dates for reverse mortgage claims by six months. Home mortgage interest rates.
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Microsoft, Plaid team up to roll out personal finance app

For banks that don't have such agreements, Plaid can screen-scrape for customer data. In a separate blog post, Sager said the coronavirus crisis has
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Meet the Nailed It! season 4 guest judges: Matt Walsh and Gabby Douglas to Fortune Feimster!

Fortune Feimster – whose first name is actually Emily – is a 39-year-old comedian and actress. You'll most likely recognise Fortune for her role as
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Time to buy Bank of America stock to get 'defensive,' DA Davidson says

Shares of Bank of America Corp. got a lift Thursday, after analyst David Konrad at D.A. Davidson turned bullish, saying he believed the bank will
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North America Digital Banking Platform Market to 2027 – Regional Analysis and Forecasts …

Presently, cloud-based digital banking platform solutions are being adopted by various banks due to low initial investments and fast updates offered
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EU banking watchdog sets out virus-hit loan relief

LONDON (Reuters) – The European Union's banking watchdog published guidance on Thursday to help banks avoid having to step up provisioning
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Financial Sector Update for 04/02/2020: RWT,CIT,BRO,LAMR

The Philadelphia Housing Index was sinking 2.5%. Among financial stocks moving on news: (-) Redwood Trust (RWT) dropped over 29% on Thursday
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Nancy Chandler, retired real estate company founder, dies at 95

“She enjoyed helping others,” Web Chandler III, managing broker of Chandler Realty, said. “And when she got into the real estate business, she just
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Wall Street Breakfast: Record Spike In Jobless Claims

Putting that in perspective: The total job loss for the financial crisis was about … crisis that saw banks nearly collapse after a crisis in mortgage lending.
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Easing financial concerns during the COVID-19 pandemic

Fannie Mae and Freddie Mac are halting foreclosures for 60 days and you can apply to postpone payments up to 12 months. Private student loan
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Healthcare Real Estate Investor Insight in the Midst of the Worldwide Epidemic Caused by COVID-19

COSTA MESA, Calif., April 2, 2020 /PRNewswire/ — ERE Healthcare Real Estate Advisors (ERE) announced the release today of a special report that
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Will Airbnb Become Obsolete After the Coronavirus?

Will Airbnb Become Obsolete After the Coronavirus?

Actually, for now she doesn't need protection from hoards of tourists. Photographer: Pau Barrena/AFP via Getty images. Lionel Laurent is a Bloomberg
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How to Get Help With Your Mortgage During the Coronavirus Pandemic

The key mortgage provision of the CARES Act requires servicers of many mortgages to grant forbearance—the option to postpone mortgage payments—
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Portland city council asks state, federal officials for rent and mortgage forgiveness

“We've never talked about a rent moratorium before or forgiving mortgages. I know it might sound outlandish to some, but I just ask them to consider the
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Bordeaux's En Primeur Week Is in Question Amid Postponement

Many in the wine world have questioned the value of en primeur for several … “A lot of international wine buying comes from London,” Jackson says.
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Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan

Trump administration officials have said they want the loans disbursed within days. But representatives of some major lenders, as well as thousands of
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Manhattan real estate sales ground to a halt in March. Prices could plunge next

Manhattan real estate sales ground to a halt at the end of March, and some industry experts say prices could fall 30% or more once activity resumes.
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Markets Have Seen the Lows, But Volatility Will Continue, Says Trennert

Jason Trennert, chairman at Strategas Research Partners, discusses market volatility and consumer behavior on “Bloomberg Markets. (Source:
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​China to start buying oil for state reserves after crash

The world's biggest importer is taking advantage of a 60 per cent plunge this year to snatch up cheaper barrels for its stockpiles, a source of
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Understanding the Paycheck Protection Program in the CARES Act

The CARES Act includes financing options for small businesses owners … including prepayment fees or payment of principal on the mortgage itself)
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How The Parts Add Up: SPXE Headed For $73

Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 3.33 percent for
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Banks Tighten Lending to Nervous Homeowners Hoping to Tap Equity

At Nations Lending Corp., which originated some $2 billion of mortgages last year, applications for cash-out refinancings have doubled, a spokesman
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Egypt Holds Rates to Keep Debt in Demand Amid Markets Sell-Off

Nine of 10 economists surveyed by Bloomberg had predicted a hold after authorities slashed 300 basis points at an emergency meeting on March 16.
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Reverse Mortgage Endorsements Dip in March, COVID-19 Impact Not Yet Reflected

Home Equity Conversion Mortgage (HECM) endorsements decreased by 14% to 2,913 loans for the month of March 2020, continuing the slight dip
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Mortgage applications bounce back

Lenders continued to see increased applications for mortgages due to the economic volatility caused by the coronavirus pandemic. MBA's Market
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Dividend Aristocrats ETF Is Getting Some New Members

Additionally, NOBL devotes less than 4% of its weight to real estate stocks, a group some market observers believe will be a dividend offender
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The drama at WeWork as SoftBank scraps their $3 billion deal

This is the web version of Term Sheet, Fortune's newsletter about deals and dealmakers. Sign up here. SoftBank officially scrapped a deal to buy up to
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Powerhouse Gym in Stuart offers 'lending library'

We're family,” said Mary Jane and Roy Stefanowski. They are lending free weights, exercise bands and spin bikes.
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Fintech helped stabilize mortgage closing costs in 2019

Excluding taxes, the difference was $5. “In 2019, the US mortgage industry originated more than $2.3 trillion in purchase and refinance loans — a
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The Shaddock Companies acquires Colorado firm

Ascendant is a growing title company that operates on a national platform in 36 states, including three offices in the Denver area. David Miller,
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Coronavirus and our Housing Market

For a few days last week, there was no housing market and the value of house on the market declined. When this happened, we were negotiating with
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Loan originator Todd Bitter answers five questions on adapting to a downturn

Loan originator Todd Bitter answers five questions on adapting to a downturn

I was going to networking groups, BNIs (Business Network International), every insurance agent, title company, anybody who would listen to me.
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San Francisco housing inventory plunges during coronavirus emergency

The market melted away in a matter of weeks or, by some metrics, days. Compass Real Estate reports that the rate of new listings in San Francisco fell
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The Covid-19 Recession Might Not Be as Bad for Housing as the Last One

While home prices plunged during the 2008 downturn, any price declines in today's housing market will likely be nominal, the analysts write, thanks to
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Real estate roundup: A look at the latest local residential projects

And while work is underway on a Boston real estate firm's 132-unit apartment complex in Concord — its first project in the Charlotte market — the
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Validea David Dreman Strategy Daily Upgrade Report – 4/2/2020

Company Description: Synovus Financial Corp. is a financial services … Its retail banking services include mortgage, installment and other retail loans;
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Know your rights during the COVID-19 pandemic

Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Banks are taking steps to help people who have been impacted by the
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The Unintended Consequences Of Doing Good

The servicer must make payments to Fannie Mae, Freddie Mac, and especially Ginnie Mae even if the mortgage is delinquent. Normally the risk is
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MBA Announces 2019's Top Commercial/Multifamily Mortgage Originators

The top five lenders in 2019 were: Wells Fargo; JP Morgan Chase & Company; KeyBank; Bank of America; and Deutsche Bank Securities Inc. Nine
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'Why would we risk it?' Real estate brokers push back against essential designation

Agents working for the landlords, such as brokers, also are barred from charging fees beyond $20—a point of contention among real estate interests
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The United States' stealth diplomat: The Federal Reserve

… not banks and home mortgages, that are the source of liquidity strains. … since the Global Financial Crisis—which began in US subprime mortgage
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Real Estate Transactions: April 3, 2020

HBM Properties LLC to Donald Gould. Ben Hale Road. $50,000. GREENFIELD. Cynthia Carr-Kramer to Revocable Indenture of Trust of Cynthia C. Carr-
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Rare Hot Wheels Of Your Childhood That Are Worth A Small Fortune Today

That's especially true for the models we identified on this list of Hot Wheels that are worth a small fortune these days. How to tell which Hot Wheels are
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Liquid Filter Housing Market to enjoy 'explosive growth' to 2019-2025

Latest released research study on Liquid Filter Housing Market delivers volume and values at regional and company levels. From a global perspective
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The secret Amazon sections that could save you a fortune

The secret Amazon sections that could save you a fortune. This article contains affiliate links, we may receive a commission on any sales we generate
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Volusia Business News: Housing market was still bubbling in February

Before the pandemic, Volusia County's economy was OK, not growing a lot, but still moving forward. Well, except for the booming housing market.
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TRANSACTIONS: Eastern Union Funding arranges healthcare loan

A $12,750,000 first lien mortgage for the refinance of a 160-unit multifamily property in Charleston, SC. This transaction was arranged by David Metzger,
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Multifamily Investments During COVID-19

The Agencies will continue to lend (Fannie Mae and Freddie Mac didn't stop lending even during the Great Recession). Still, they now require lower
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RealtyJuggler Offers Friendship Training to Real Estate Agents

Many Real Estate agents prioritize immediate deals and fail to invest time in maintaining and strengthening friendships. Building relationships with
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Thompson Hine Acquires Seven-Lawyer Real Estate Finance and Development Practice

CLEVELAND–(BUSINESS WIRE)–Thompson Hine is pleased to announce that it has expanded its real estate finance capabilities with the addition of
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Will Fannie Mae, Freddie Mac survive the coronavirus crisis?

Fannie Mae and Freddie Mac have taken several big steps to help homeowners stay in their homes despite the coronavirus-related job losses.
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