Tag Archives: lending

Cash en route to small businesses after House approves new stimulus bill

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The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic. Continue reading →

Lender launches small business loan portal for contractors

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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 →

Banks can now delay appraisals for up to 120 days after closing

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In addition to allowing lenders to delay appraisals for up to 120 days after closing, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility. Continue reading →

Real estate firms nab $8B in small business stimulus loans

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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 →

Major banks agree to mortgage grace period in California

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Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period. Continue reading →

Major banks agree to mortgage grace period in California

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Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period. Continue reading →

Pulse: What’s your biggest challenge with financing? Readers sound off

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What’s your biggest challenge with financing? From inventory shortages to lackadaisical buyers to lender confusion, here are the biggest issues readers are seeing. Continue reading →

Zillow declares mission accomplished, debuts new comprehensive vision

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Zillow this week debuted a new mission statement: Rather than simply building a marketplace, the company says its new goal “is to give people the power to unlock life’s next chapter.” Continue reading →

First American acquires Docutech

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The move furthers First American’s goal of providing a digital, end-to-end closing platform. Continue reading →

Here’s why Compass launched a bridge loans program

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Carly Litzenberger, the senior director of new ventures at Compass, gave more insight into the impetus behind launching the program at Inman Connect in New York. Continue reading →