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Home Loan Defaults Could Decimate Mortgage Servicers
Home Loan Defaults Could Decimate Mortgage Servicers
March 23, 2020  |  Coronavirus

The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by the coronavirus could...

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Zillow Suspends Homebuying With Zillow Offers
Zillow Suspends Homebuying With Zillow Offers
March 23, 2020  |  Coronavirus

Possible homebuyers are reportedly expected to delay their purchases and open houses have been called off, as consumers remain in their residences to slow the...

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Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation
Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict...
March 23, 2020  |  News

In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict...

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Fed To Offer Credit Help To Stem Economic Losses For Business, Households
Fed To Offer Credit Help To Stem Economic Losses For Business, Households
March 23, 2020  |  Coronavirus

The U.S. Federal Reserve said on Monday (March 23) that it would support a large range of credit for not only households, but big employers...

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Enable Raises $13M For Rebate Management Platform
Enable Raises $13M For Rebate Management Platform
March 23, 2020  |  Investments

A cloud-based rebate company called Enable has raised $13 million in a Series A funding round, according to a report. Get the Full Story Complete...

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Uber CEO To Trump: Gig Workforce Needs Relief
Uber CEO To Trump: Gig Workforce Needs Relief
March 23, 2020  |  Coronavirus

Gig economy workers suffering from lost wages due to the coronavirus are seeking relief from the federal government, as they are independent contractors and aren’t...

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Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
March 23, 2020  |  Coronavirus

The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in...

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Global Savings Group Closes €123.5M Deal To Buy iGraal
Global Savings Group Closes €123.5M Deal To Buy iGraal
March 23, 2020  |  Partnerships / Acquisitions

Germany’s eCommerce site Global Savings Group (GSG) has struck a €123.5 million deal with French media company M6 Group to acquire its subsidiary iGraal, France’s...

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SBA Automatically Defers Existing Disaster Loans To Help Borrowers
SBA Automatically Defers Existing Disaster Loans To Help Borrowers
March 23, 2020  |  Coronavirus

To assist borrowers who are paying back U.S. Small Business Administration loans from past disasters, SBA Administrator Jovita Carranza has put into place automatic deferment...

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