Mortgage

Mall Of America’s Mortgage Payments Reportedly Overdue
Mall Of America’s Mortgage Payments Reportedly Overdue
June 16, 2020  |  Debt

Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. That puts its...

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Today In Payments: Banks Brace For Forbearance Program Expiry Dates; Shopify To Launch Merchant Banking, BNPL Tools
Today In Payments: Banks Brace For Forbearance Program Expiry Dates; Shopify To Launch Merchant Banking,...
May 21, 2020  |  News

In today’s top news, banks brace for the end of their mortgage forbearance program, and Shopify launched a business account for merchants and POS credit...

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Crisis Puts Homeownership On Hold For Millennials
Crisis Puts Homeownership On Hold For Millennials
May 11, 2020  |  Real Estate

It could be the perfect time for millennials to stop throwing their money away on rent and buy a home — or not. At 3.26...

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NOAH CEO: How A New Twist On Home Equity Helps Homeowners Bridge The Cash Crunch
NOAH CEO: How A New Twist On Home Equity Helps Homeowners Bridge The Cash Crunch
April 28, 2020  |  Real Estate

As the economy has more or less ground to a halt over the last several weeks, time has become harrowing for homeowners who face frozen...

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Fed Plans New Facility For SMB PPP Loans
Fed Plans New Facility For SMB PPP Loans
April 07, 2020  |  Loans

The Federal Reserve is collaborating with the Treasury Department to develop a new facility to help small and medium-sized businesses (SMBs) stay afloat as the...

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Today In Payments: Mortgage Servicers Ready For ‘Liquidity Tsunami’; London Unicorn FinTech Revolut Rolls Out In The US
Today In Payments: Mortgage Servicers Ready For ‘Liquidity Tsunami’; London Unicorn FinTech Revolut Rolls Out...
March 24, 2020  |  News

In today’s top payments news, mortgage firms are bracing for a succession of missed payments, and London-based Revolut opened its digital-only banking app in the...

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Mortgage Servicers Ready For ‘Liquidity Tsunami’ As Pandemic Hits Wallets
Mortgage Servicers Ready For ‘Liquidity Tsunami’ As Pandemic Hits Wallets
March 24, 2020  |  Coronavirus

Shuttered businesses and missed paychecks are causing panic across the mortgage industry as the coronavirus cripples finances for struggling homeowners. “It’s going to be a...

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BoA Mortgage Customers Struggling Due To Pandemic Can Defer Payments
BoA Mortgage Customers Struggling Due To Pandemic Can Defer Payments
March 20, 2020  |  Coronavirus

Bank of America (BoA) customers impacted by the coronavirus can request mortgage, credit card and other loan deferments, the company announced on Thursday (March 19)....

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US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
February 12, 2020  |  Debt

Debt from credit cards hit a record high in 2019, driven by young borrowers and aggressive spending, according to The Wall Street Journal. Despite a healthy...

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