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

The SBA's Paycheck Protection Program exhausted its original $349 billion budget last week. The forgivable loan program is slated to receive a $310 billion funding extension......»»

A week after banks began taking applications for the Paycheck Protection Program, some small businesses in North Texas are starting to receive the stimulus money. “We have three restaurants in our group and between those we applied for $1.2 milli.....»»

Lenders face continued difficulties in issuing financing under the $349 billion small business relief effort the Trump administration launched a week ago in response to the coronavirus outbreak, leaving mom-and-pop firms at growing risk of failure......»»

With bankers handling thousands of applications for the Paycheck Protection Program, what should applicants do — or not do — to make sure the process goes smoothly?.....»»

The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation's largest lenders still sit on the sidelines and others remain unable to access the system......»»

Loans are meant to cover payroll, rent, utilities for small-businesses hammered by pandemic......»»

A flood of loan applications from coronavirus-hit businesses inundated lenders on Friday as the U.S. government launched its $349 billion bailout fund for small and midsize companies amid widespread confusion about just how the program works......»»

U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses despite confusion over last-minute final rules and lenders unprepared to approve applications......»»

A week after millions of Americans began taking shelter at home from the coronavirus, health experts and investors warned against easing restrictions too soon even though the clampdown is devastating the U.S. economy. Yahaira Jacquez reports......»»

The nation's residential real estate business is taking a hit from the coronavirus swamping lenders and making it difficult for some local governments to record deeds......»»

The rise in mortgage rates had nothing to do with markets and everything to do with lenders......»»

A sharp drop in mortgage interest rates had borrowers rushing to their lenders last week. Refinance volume spiked......»»

A sharp drop in mortgage interest rates had borrowers rushing to their lenders last week. Refinance volume spiked......»»

Boeing Co. set the size for its new loan at $13 billion after saying last week that it had received enough commitments for a $12 billion facility, according to people familiar with the matter......»»

Mortgage rates fell to their lowest level since November, and that sent current borrowers and potential homebuyers rushing to their lenders, according to the Mortgage Bankers Association......»»

An unexpected drop in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments......»»

An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments......»»

India’s large lenders are taking a risk by going after weaker borrowers outside big cities.  .....»»

Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgage application volume rose 2.0 % last week compared with the previous week......»»

Another sharp drop in mortgage rates sent even more homeowners to their lenders, hoping to save money on their monthly payments......»»