PPP to reopen to all lenders next week, unclear how many lenders are taking applications

Another group of lenders will gain access to the portal Friday......»»

Lenders are ramping up for a flood of applications as the coronavirus stimulus package's Paycheck Protection Program — a $349 billion loan program for small businesses — takes effect. Businesses with up to 500 employees can begin applying for.....»»

The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association......»»

The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week......»»

Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Refinance applications were up a stunning 116% this week compared with a year ago......»»

Applications to U.S. lenders seeking loans to buy a home climbed to their highest level in almost nine years last week even as mortgage rates increased for a second week, the Mortgage Bankers Association said on Wednesday......»»

During the initial wave of the PPP last year, the number of applications from struggling small businesses caused headaches and backlogs for lenders and the SBA......»»

The loans, which convert to grants if borrowers follow guidelines, went to 60,000 businesses via 3,000 lenders.....»»

Newly released stats do not include Tuesday tally, marking first day program opened to lenders of all sizes......»»

Signature Bank says President Donald Trump should resign after last week's riots and Deutsche Bank is also reportedly distancing itself from him......»»

Covid-19 is taking a toll on San Antonio-area hotel owners, who seek loan relief as revenues fall......»»

The hotel sector, among the first to feel the financial squeeze due to the coronavirus spread, took an ominous turn this week as loan servicers for the first time highlighted distress at dozens of properties throughout the country......»»

California businesses flooded lenders with the most applications for coronavirus relief money in the nation and pulled in almost twice as much money as any other state, new numbers show. Data from Round 2 of the Small Business Administration's Paycheck .....»»

Wells Fargo and JPMorgan Chase are temporarily halting applications for home equity lines of credit. If other lenders follow suit, it could mean that homeowners will miss out on an emergency source of funding. What you should know......»»

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.....»»

The SBA is only allowing lending institutions with less than $1 billion in assets to file Paycheck Protection Program applications from 3 p.m. to 11 p.m. CDT Wednesday......»»

NEW YORK, April 27, 2020 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ:INSE) recently provided an updated 13-week projected cash flow forecast to its lenders which sh.....»»

The U.S. Small Business Administration is readying to dole out billions more in loans for businesses nationwide. The program will start taking applications again next week......»»

The U.S. Small Business Administration is readying to dole out billions more in loans for businesses nationwide. The program will start taking applications again next week......»»

The U.S. Small Business Administration is readying to dole out billions more in loans for businesses nationwide. The program will start taking applications again next week......»»