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U.S. mortgage executives forecast a $3T year in 2021

Lending rates are expected to fall as competition for borrowers heats up......»»

Category: topSource: bizjournalsJan 8th, 2021

Most Americans who request help from their banks right now get it easily, but too many don"t even realize they can ask

MOAimage/Getty Images   An April 13 survey from Lending Tree revealed that 91% of people who requested relief for their credit card and mortgage payments due to the coron.....»»

Category: topSource: businessinsiderMay 15th, 2020

Housing market gains ground as stay-at-home guidelines ease

Mortgage rates rose slightly to 3.43 percent......»»

Category: topSource: foxnewsMay 13th, 2020

States start to reopen, ending coronavirus lockdowns: Rules ease in parts of California and Pennsylvania on Friday; Michigan factories can reopen Monday

States all have their own definition of “reopening.”.....»»

Category: topSource: marketwatchMay 8th, 2020

Outside the Box: How the coronavirus pandemic could forever change home buying and mortgage lending

Borrowers and lenders will face these 3 new and unfamiliar ways of doing business, writes Sanjiv Das......»»

Category: topSource: marketwatchMay 5th, 2020

Wells Fargo temporarily stops issuing home equity lines of credit, citing ‘market conditions’

Wells Fargo said Thursday that it will no longer accept new applications for home equity lines, signaling that the economic outlook is too cloudy even for one of the nation’s largest mortgage lenders. “Wells Fargo Home Lending will temporarily st.....»»

Category: topSource: bizjournalsApr 30th, 2020

Outside the Box: This banker says big banks are getting it wrong by tightening their mortgage-refinancing standards right now

The Federal Reserve has been boosting liquidity for banks to encourage them to lend more; instead, they’re lending less......»»

Category: topSource: marketwatchApr 30th, 2020

U.S. banks, small businesses brace for lending race re-run

U.S. banks were girding on Monday for another chaotic dash to grab $310 billion in fresh small business aid due to be released by the government on Monday, after it changed some of the rules of the first-come-first-served scheme at the 11th hour......»»

Category: topSource: reutersApr 27th, 2020

European carmakers restart production as coronavirus lockdowns ease

Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased coronavirus lockdown rules to resume manufacturing......»»

Category: topSource: reutersApr 26th, 2020

Fannie and Freddie will now buy loans in mortgage bailout program, in a bid to loosen lending

The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced that the two mortgage giants will now buy home loans that go into the government's forbearance program just after they close......»»

Category: realestateSource: cnbcApr 22nd, 2020

Housing regulator offers further support for mortgage-finance companies

The U.S. housing regulator on Wednesday announced its second step in as many days to help ease the liquidity strain in the mortgage market......»»

Category: topSource: reutersApr 22nd, 2020

How the coronavirus will create a new working class

The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling to the nation’s small businesses. The Small Business Administration says that as of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

Fed readying plan to publish transactions in crisis programs

The Federal Reserve is working on a plan to publish transactions on its website for its coronavirus emergency lending facilities, as pressure builds for transparency over what could be trillions of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

Trump administration working to ease drilling industry cash crunch

The Trump a.....»»

Category: topSource: reutersApr 17th, 2020

IMPAC Mortgage says lending activities to remain on hold

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 15th, 2020

Exclusive: JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens

JPMorgan Chase & Co , the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption......»»

Category: topSource: reutersApr 11th, 2020

Siemens CEO rules out job cuts from coronavirus impact

Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany......»»

Category: topSource: foxnewsApr 11th, 2020

Siemens CEO rules out job cuts from coronavirus impact

Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany......»»

Category: topSource: reutersApr 11th, 2020

NYSE in talks with SEC to ease listing rules during coronavirus volatility

The NYSE said it wants to temporarily suspend the requirement to maintain a share price of more than $1.....»»

Category: topSource: foxnewsApr 7th, 2020

Small businesses worry $349 billion emergency lending program isn’t big enough

The program got off to a rocky start with the Treasury Department and Small Business Administration failing to release a final version of the rules until hours before the emergency fund launched......»»

Category: topSource: washpostApr 6th, 2020