BOE Cuts Rates by 15 Basis Point to 0.1%

BOE Cuts Rates by 15 Basis Point to 0.1%

The Bank of England made its second emergency move in two weeks as the coronavirus outbreak threatens the economy, Bloomberg News reports.
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Tipton starts daily mortgage surgery

Tipton & Coseley Building Society has launched a daily mortgage surgery. The surgery is designed to help brokers find a quicker and more efficient
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ECB Provides Some Relief for Troubled Lenders. Will It Be Enough?

The liquidity injection comes on top of an estimated €2.3 trillion in cheap lending the ECB is providing to eurozone banks. The latest move is important
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First JP Morgan branch in Charlotte is directly across from Bank of America HQ

But that era of Charlotte banking is over. Sure, the branch has ruffled some feathers among Bank of America loyalists. But the dyed-in-the-wool bank
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How Disruptive Will the COVID-19 Pandemic Be to Real Estate?

Google Trends shows a marked dip in searches related to “real estate,” “houses for sale,” and “condos for sale.” Additionally, traffic to Point 2 Homes'
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The Banker review: Apple's first movie is a slick yet patchy racism drama

The Banker review: Apple's first movie is a slick yet patchy racism drama. 3 / 5 stars 3 out of 5 stars. Strong performances from Anthony Mackie and
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Austin's hot housing market not hobbled by coronavirus pandemic — yet

Fears about how the spread of the novel coronavirus could affect the housing market began to emerge near the end of February but the month as a
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Artificial Intelligence Market Size, Analysis By Segmentation And Geography Overview | Fortune …

Fortune Business Insights™ in its latest report published this information. The report is titled “Artificial Intelligence (AI) Market Size, Share and Industry
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New York Gov. Cuomo orders 75% of nonessential workforce to stay home as coronavirus cases …

Cuomo also said that he would waive mortgage payments based on financial hardships, such as people who were laid off or work part time, for 90
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Gov. Cuomo announces 90-day mortgage payment relief amid coronavirus pandemic

This relief plan will waive mortgage payments based on financial hardship and will allow a grace period for loan modifications. In addition, there will not
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New FASB guidance eases transition from LIBOR

SOFR is the favorite to replace LIBOR, with Fannie Mae and Freddie Mac among those to already transition to the new rate. ASU 2020-04, and a
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Lennar Corp. takes on new business practices after employee dies from coronavirus

Title transfers, mortgages and title insurance are being done through digital platforms. When paperwork is required, drive-thru appointments are
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Federal logjam forces CT to offer bridge loans for businesses

… outstanding loans, noting that they are far better capitalized today than during the mortgage lending bubble on the eve of the 2008 financial panic.
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WeWork sues to recoup $20M from city real estate bigwig

The struggling co-working company claims it paid Maximus Real Estate Partners $20 million as an “exclusivity fee” to invest in the large San Francisco
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Getting ahead of the COVID-19 crisis

Over the past several weeks, the mortgage industry has been shocked by the COVID-19 virus from China and a severe financial meltdown on Wall
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Redundancies, hurricane prep keeping healthcare manufacturer Baxter in stock despite COVID-19

Baxter's procurement team is watching suppliers and inventory levels 24-hours a day around the world. “At this time, our team has been able to
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Coronavirus: World's richest spend US$1 billion on 'bargains of a lifetime'

Coronavirus: World's richest spend US$1 billion on 'bargains of a lifetime'. Carl Icahn … For some, it didn't take a global pandemic to start buying.
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In Light of Pandemic, Banking App Dave Expands Partnership with Feeding America

LOS ANGELES–(BUSINESS WIRE)–Today Dave, the banking app offering up to a $100 income advance, side gigs and automated budgeting,
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The growing coronavirus stimulus packages

… toward helping big banks and auto companies, and later $200 billion to rescue Fannie Mae and Freddie Mac, the giant mortgage enterprises.
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UK Mortgages : Interim Report and Accounts

UK Mortgages Limited. INTERIM MANAGEMENT REPORT AND UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS.
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