In seeking to provide liquidity during this crisis, don’t exclude nonbank members of mortgage industry
As the various branches and agencies of the federal government work to devise a set of policies to mitigate the adverse impacts of the COVID-19 pandemic on our national economy, there is a general consensus that one of the most necessary actions is t.....»»
Korean Air to get up to $971 million support from state-owned banks
Two state-owned banks in South Korea said on Friday they would provide up to 1.2 trillion won ($971 million) in liquidity to support Korean Air Lines Co Ltd as the aviation industry reels from the coronavirus crisis......»»
South Korea"s Asiana to get $1.4 billion liquidity from state banks
South Korea's two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines , the country's second-largest carrier, as the industry struggles with the coronavirus crisis......»»
The SBA"s Restaurant Revitalization Fund can only fund half its applications
Many restaurants that were seeking relief from the Restaurant Revitalization Fund may be out of luck. The restaurant industry is already calling on Congress to provide more funding......»»
Strained U.S. mortgage firms get support but push for liquidity facility
The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed......»»
Major U.S. airlines accept government aid for payrolls; American and Alaska also seeking loans
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers have jobs until October while the industry battles its biggest-ever crisis......»»
The list of U.S. Treasury questions for airlines seeking bailout cash
U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said......»»
The mortgage industry is facing a crisis because of the coronavirus — and borrowers could fall through the cracks
‘There’s just no way anybody could have enough capital set aside to handle the kind of payments that servicers could have to make.’.....»»
Subsidiary of South Florida marine company to advise cities on COVID-19 federal aid
Witt O'Brien's, a subsidiary of Fort Lauderdale's Seacor Holdings, will provide free advice to cities seeking federal funding in response to the novel coronavirus, formally known as COVID-19. The crisis and emergency management company created a COV.....»»
Exclusive: U.S. Treasury wants details on airline debt, liquidity, loyalty programs - sources
U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on the matter told Reuters......»»
Mortgage industry sounds alarm over coronavirus mortgage bailout
CNBC's Diana Olick reports on mortgage and finance leaders putting out an urgent liquidity plea to federal regulators as they try to brace for fallout from the coronavirus pandemic. Dave Stevens, former FHA commissioner, joins the conversation......»»
Auto industry urges U.S. lawmakers to ensure "sufficient liquidity"
Major automakers, parts suppliers and auto dealers urged U.S. lawmakers on Monday to provide "robust credit facilities" to ensure "sufficient liquidity" in the auto industry despite the coronavirus outbreak......»»
Market Extra: Finance is ‘doomed’ to repeat past mistakes without a major diversity shake-up, warns head of industry group
A corner of Wall Street that fueled the subprime mortgage crisis wants to see more women and people of color put in charge of calling the shots in finance, says Michael Bright, CEO of the Structured Finance Association......»»
Falling rates boost mortgage market to pre-crisis levels
Lenders extended $700 billion of home loans in the July-to-September quarter, the most in 14 years, according to industry research group Inside Mortgage Finance......»»
Falling rates boost mortgage market to pre-crisis levels
Lenders extended $700 billion of home loans in the July-to-September quarter, the most in 14 years, according to industry research group Inside Mortgage Finance......»»
Financial News: Europe’s largest money manager warns of an investment industry liquidity crisis
Pascal Blanqué said search for yield and liquidity mismatches a significant risk.....»»
Europe’s largest money manager warns of an investment industry liquidity crisis
Pascal Blanqué said search for yield and liquidity mismatches a significant risk.....»»
H2O’s Reach for Yield Sounds an Industry-Wide Alarm
Regulators are absolutely right to focus their attention on liquidity before the next financial crisis......»»
This $52 trillion industry threatens the financial system
Nonbank lending, an industry that played a central role in the financial crisis, has been expanding rapidly and is still posing risks should credit conditions deteriorate......»»
This $52 trillion industry threatens the financial system
Nonbank lending, an industry that played a central role in the financial crisis, has been expanding rapidly and is still posing risks should credit conditions deteriorate......»»
Bait crisis could take the steam out of lobster this summer
Members of the U.S. lobster industry fear a looming bait crisis could disrupt fishing during a time when lobsters are as plentiful and valuable as ever......»»