Abrigo Solutions Empower Financial Institutions to Ramp Up CARES Act SBA Lending

Abrigo Solutions Empower Financial Institutions to Ramp Up CARES Act SBA Lending

Abrigo announced today that its market-tested Sageworks SBA Lending … The Paycheck Protection Program allows SBA lenders to offer loans of
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Standard Chartered pledges $1B toward pandemic relief, freezes hiring

European and U.S. banks that have committed to raising money toward … half of their salary and bonus this year toward the fund, the bank said.
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COVID-19 changing real estate business

Alternate methods for some appraisals through Fannie Mae or Freddie Mac include “desktop” or “exterior,” online or external-only appraisals.
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What if I can't pay rent tomorrow? Act quickly

Additionally, Fannie Mae, Freddie Mac, and the Federal Home Loan Banks may delay making your monthly mortgage payments for a temporary
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Distressed Borrowers Seek Creative Lending to Survive Virus (1)

Ordinarily, existing lenders wouldn't accept having debt placed ahead of them but in distressed or emergency situations they're more likely to consider
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Bills due on April 1st add to the financial strains of covid-19

The vast majority of residential mortgages are held, or backed, by government-sponsored entities (GSEs), like Fannie Mae and Freddie Mac (see
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Puget Sound housing market was among nation's strongest at the start of 2020. Then coronavirus …

… also hit the housing market hard. Immediately after Gov. Jay Inslee's stay-at-home order took effect last week, restricting much real estate activity, the
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Foundation halts lending and furloughs staff

The suspension of new lending is a temporary measure, according to Hans Geberbauer, chief executive of Foundation Home Loans. He said the
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Banks bow to pressure and axe shareholder payments

The Bank of England welcomed the decision to suspend the payments to shareholders and urged the banks not to pay bonuses to senior staff either.
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Resolute Capital Partners Announces Investment in PLUM® Lending through its Technology Fund

“We are thrilled to make an investment in PLUM, as they seek to revolutionize the commercial lending market. As our world continues to evolve with
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Lisa Whittaker — Senior Global Real Estate Advisor at Realogics Sotheby's International Realty

With nearly 20 years of real estate experience, Whittaker's current role includes everything from working with clients to designing a marketing campaign.
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European regulator urges banks to comply with dividend ban

Since then, the eurozone's central bank has intervened, stating that banks in the bloc should not pay dividends for the financial years 2019 and 2020
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Federal Relief and Stimulus Plans for Coronavirus

Any mortgage backed by Freddie Mac. Those who pause payments will be required to make up missed payments but can work with their lenders at the
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Desperate for Coronavirus Mortgage Help? Sorry, that Depends on Your Bank.

… currently handled through the federal apparatus, including the Department of Housing and Urban Development or Fannie Mae and Freddie Mac.
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Wells Fargo has $384 billion of lending power, but can't use it

The Federal Reserve remains reluctant to ease or lift its 2018 order capping the San Francisco-based lender's assets. By Yalman Onaran and Hannah
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Engage.marketing pivots to virtual summit

At HousingWire, we're leaning into agile marketing ourselves, pivoting to a virtual format for engage.marketing on June 11-12. We'll be delivering all
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As April rents loom, Phoenix real estate leaders grapple with potential losses

Commercial real estate landlords around the Valley are generally looking at each of their tenants on a case-by-case basis as they continue to get
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Ryan Lundquist answers five questions on appraisal uncertainty during the COVID-19 pandemic

HousingWire filmed an interview with Lundquist Appraisal Company's founder and owner Ryan Lundquist to gauge how appraisers are navigating this
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Payday Lenders Suspend Sale of New Loans Amid COVID-19 Outbreak

Payday lenders have withdrawn new loans from markets and tightened lending criteria, in response to concerns that customers won't be able to keep
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North Carolina de novo organizers buy bank in Tennessee

Dive Brief: Organizers who sought to open a community bank in North Carolina instead bought controlling interest in Brighton Bancorp in neighboring
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