Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive Mortgage in 2021, expects a $25 million to $30 million loss if the deal closes. Continue reading
More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Continue reading
Tamara Dadyan got 10 years in prison for her role in a scheme to apply for COVID-19 small business loans under fake or stolen identities. Continue reading
MooveGuru, a company that works with brokerages and agents to help buyers and sellers move, wants agents to know they can still apply for a forgivable loan under the federal Paycheck Protection Program through May 31. Continue reading
The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic. Continue reading
The money is meant to replenish the Paycheck Protection Program, a potentially important lifeline for real estate professionals. Continue reading
Loan Source has created a new application website for people hoping to get some of the cash lawmakers set aside for small businesses. Continue reading
Real estate businesses collectively won about 3.14 percent of the total funding lawmakers set aside to save small firms during the pandemic. Continue reading
The money was a potentially vital lifeline for vast numbers of real estate professionals. Unfortunately, it was also plagued by problems. Continue reading
The real estate industry has so far secured 3.22% of the money being doled out as part of the pandemic-prompted Paycheck Protection Program. Continue reading