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Mortgage bailout swells to 4.1 million borrowers, but demand is slowing
In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight......»»
Coronavirus mortgage bailout program grows again as more homeowners delay payments
Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week......»»
Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Nearly 3 million borrowers have been granted mortgage relief, and the industry is crying for help
The government's coronavirus mortgage bailout has now swelled to nearly 3 million borrowers, and the expectation is that the numbers will multiply. Mortgage servicers are struggling to make up those payments to bondholders and are begging for a bailout......»»
Borrower requests for government"s coronavirus mortgage bailout jump 78% in one week
As unemployment surges and more Americans struggle to make ends meet, more homeowners are applying for the government's mortgage forbearance program under the recently-passed coronavirus relief plan......»»
Requests to delay mortgage payments jump nearly 2,000% as borrowers seek relief during coronavirus outbreak
Forbearance requests grew by 1,270% between the week March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30, according to numbers released Tuesday by the Mortgage Bankers Association......»»
Mortgage forbearance requests jump nearly 2,000% as borrowers seek relief during coronavirus outbreak
Forbearance requests grew by 1,270% between the week March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30, according to numbers released Tuesday by the Mortgage Bankers Association......»»
Home-loan applications decline to lowest amount since 2016
Loan applications to purchase U.S. homes declined for a third straight week to the lowest level since November 2016 as coronavirus mitigation efforts stymied house-hunting. The Mortgage Bankers... To view the full story, click the title link......»»
Loan applications to buy homes decline to lowest since 2016
Loan applications to purchase U.S. homes declined for a third straight week to the lowest since November 2016 as coronavirus mitigation efforts stymied house hunting. The Mortgage Bankers... To view the full story, click the title link......»»
"The Biggest Decline Ever": Goldman Now Sees US GDP Crashing 34% In Q2
"The Biggest Decline Ever": Goldman Now Sees US GDP Crashing 34% In Q2 Just over a week ago, when we reported on the ongoing feud between Goldman and JPM to come up with the most terrifying GDP.....»»
Logan Airport’s traffic sees sharp decline
Boston’s Logan International Airport saw a 13.2% decline in passengers last week compared with the same period a year ago, as the coronavirus outbreak continues to grow in Greater Boston and around the world. Just over 350,000 people went throu.....»»
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears
The average rate on the 30-year fixed mortgage fell to a record low of 3.29%, Freddie Mac reported this week, as coronavirus fears ramped up......»»
Weekly mortgage refinances spike 26% as interest rates tank on coronavirus fears
A sharp drop in mortgage interest rates had borrowers rushing to their lenders last week. Refinance volume spiked......»»
Weekly mortgage refinances spike 26% as interest rates tank on coronavirus fears
A sharp drop in mortgage interest rates had borrowers rushing to their lenders last week. Refinance volume spiked......»»
These local companies have taken the biggest hits on Wall Street during current sell-off
The growing spread of the coronavirus last week sent the U.S. stock market to its steepest plunge since the 2008 financial crisis, and Greater Washington companies felt the pinch. The Dow suffered a 12.4% drop for the week, while S&P 500 decline.....»»
Biggest US port sees drag from coronavirus though most of 2020
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The shipping industry will remain volatile for most of 2020 as the coronavir.....»»
Futures Movers: Oil ends lower for the week; natural gas sees biggest weekly plunge since 2016
Oil prices fell on Friday, locking in a weekly decline, as a stronger dollar cuts global demand for U.S.-priced commodities and a skidding stock market sullies the risk-taking mood, factors that offset mostly bullish figures in the latest supply snapshot......»»
Peter Schiff Foresees Bitcoin"s "Biggest Crash Ever," Trump NFT Collection Sees Trading Volume Collapse And More: This Week In Cryptocurrency
Last week, the cryptocurrency market experienced a significant downturn, with major digital currencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin suffering losses. read more.....»»
Bond Report: 10 and 30-year U.S. Treasury yields extend dip to 2-week low
U.S. government bond yields slipped further on Tuesday, extending their decline to around two-week lows......»»