Search for: "Provident Mortgage Corporation"
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16 Jul 2020, 12:24 pm
The forms and instructions provide good guidance for borrowers. [read post]
13 Jul 2020, 2:59 pm
The Main Street Lending Program, intended to provide credit support to small and medium sized businesses, became operational on July 6, 2020. [read post]
13 Jul 2020, 4:51 am
’s mortgage loan. [read post]
3 Jul 2020, 6:43 am
Moratorium for mortgages and loans In addition to a moratorium on first-home mortgages, there is a moratorium applicable to credit granted to small and medium-sized enterprises (“SME“) until December 2020. [read post]
30 Jun 2020, 12:36 pm
Paycheck Protection Program (PPP) Loan Forgiveness Characterization Under the CARES Act, Congress created the Paycheck Protection Program (PPP), which provided forgivable loans to help small businesses continue making payroll, rent, mortgage, and utility payments, among others, during the crisis. [read post]
25 Jun 2020, 6:47 am
These businessmen claimed to have numerous employees working for multiple corporate entities, when they actually had zero employees. [read post]
18 Jun 2020, 7:26 am
This is because these networks, except the National Payments Corporation of India (NPCI), are domiciled in foreign jurisdictions. [read post]
8 Jun 2020, 12:36 pm
The program is meant to provide funding on a first come, first served basis. 13 C.F.R. [read post]
7 Jun 2020, 5:00 am
The mischief is with the Big Corporation Mortgagee who decided to follow its own rules of civil procedure. [read post]
2 Jun 2020, 5:25 pm
Treasury’s Media Release provides further details on the deferral. [read post]
29 May 2020, 6:10 am
SECURITY AND TRUSTS / AGENCY Under German law “assignment” (Abtretung), accessory securities such as mortgages, pledges and accessory guarantees (Bürgschaft) are automatically transferred to the new lender. [read post]
28 May 2020, 6:34 am
The daughters argue the order provided their father a life estate interest in the property and them remainder interests. [read post]
22 May 2020, 3:00 am
K Street, PACs Not Eager to Attend In-Person Fundraisers Yet Roll Call – Kate Ackley | Published: 5/14/2020 Many lobbyists and corporate executives, cloistered in their home offices during the coronavirus pandemic, said they were unlikely to sign up for in-person political events in the coming weeks, and some were dismayed that lawmakers would even send invitations for so near in the future. [read post]
19 May 2020, 1:05 pm
Eligible expenses are: payroll costs (defined and interpreted in the same way as when applying for the PPP loan, see discussion here), including pay to furloughed employees and hazard pay and bonuses, subject to the total annualized compensation cap of $100,000.00)—note, however, the listed limitations on payroll costs attributable to owner-employees, self-employed individuals, and general partners (the SBA has since clarified that such limitations will not apply to owner-employees in C- or… [read post]
17 May 2020, 11:00 pm
Evers announced a new $75 million grant program for small businesses that will provide $2,500 grants to assist with the costs of business interruption, health and safety improvements, salaries, rent, mortgages, or inventory. [read post]
17 May 2020, 5:37 pm
Some believe that such corporations, limited liability companies, limited partnerships or other types of “corporate” entities can only be governed by the law of the state in which the corporate entity was organized. [read post]
1 May 2020, 2:11 am
If the borrower has provided consent in advance of the assignment, notice to or acknowledgement from the borrower is not necessary. [read post]
29 Apr 2020, 1:19 pm
ABSA is a pooled investment hedge fund, sold by Alliance Bernstein, whose “. . . portfolio is concentrated in mortgage-related securities, it also invests in asset-backed securities, consumer whole loans, and collateralized loan obligations, providing exposure to underlying collateral across residential and commercial mortgages, consumer and auto loans, as well as corporate loans. [read post]
26 Apr 2020, 9:56 pm
This article will examine why this important to lenders and borrowers, give an overview of the SARE determination, and provide some practical strategies. [read post]
24 Apr 2020, 9:20 am
The bill has been criticized for failing to close a loophole which allows publicly traded corporations to receive funds from the PPP. [read post]
