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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......»»
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.....»»
Housing market gains ground as stay-at-home guidelines ease
Mortgage rates rose slightly to 3.43 percent......»»
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.â€.....»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
Trump administration working to ease drilling industry cash crunch
The Trump a.....»»
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.....»»
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......»»
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......»»
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......»»
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.....»»
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......»»