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8 Apr 2020, 3:56 pm
For instance: The Act allows flexible use of the loan to sustain business payroll, utilities, mortgage, rent and other expenses; the SBA mandates that at least 75% must be used for payroll. [read post]
8 Apr 2020, 4:52 am
It’s got to be fair in both directions. [read post]
7 Apr 2020, 1:24 pm
Coverage in the news media has largely focused on direct payments to every American man and woman of $1,200.00 with an additional $500 going to each child under age 17. [read post]
7 Apr 2020, 11:38 am
Cordray discussed the CFPB’s authority in the areas of mortgage and student loan servicing, debt collection and credit reporting, and referenced a white paper he published yesterday directed to CFPB Director Kraninger and various Senate and House members setting forth immediate actions the CFPB should take to prevent consumer harm, including the following: Using its supervisory authority to closely monitor banks, financial companies, and mortgage loan servicers to… [read post]
7 Apr 2020, 8:11 am
We should be able to point you in the right direction quickly or offer helpful alternatives.During the current pandemic, our reference staff remains ready to help with your research requests. [read post]
7 Apr 2020, 7:32 am
Important CARE Act Benefits for Individuals and Families Direct government payments – payments of up to $1,200 per person or $2,400 per married couple, plus an additional $500 per child. [read post]
6 Apr 2020, 12:24 pm
Among other things, eligible employers can access a 50-percent refundable tax credit on the first $10,000 of qualified wages paid to an employee during the crisis and collateral-free forgivable loans to cover payroll costs, mortgage and rent payments, utility payments, and other business purposes. [read post]
6 Apr 2020, 10:37 am
Further, the Federal Housing Finance Agency (“FHFA”) announced a similar policy on March 18. 2020, directing Fannie Mae and Freddie Mac to suspend mortgage and eviction proceedings for at least 60 days. [read post]
6 Apr 2020, 12:41 am
The business was decimated in 2012 by anti-Airbnb legislation, leading to a mortgage default, foreclosure action, and distress sale. [read post]
5 Apr 2020, 10:07 am
The rationale for the PPP is to provide a direct incentive for small businesses to keep their workers on the payroll. [read post]
4 Apr 2020, 4:40 pm
The loan proceeds are to be used for payroll, rent or interest on mortgage payments, utilities and certain other qualified expenses. [read post]
4 Apr 2020, 4:40 pm
The loan proceeds are to be used for payroll, rent or interest on mortgage payments, utilities and certain other qualified expenses. [read post]
3 Apr 2020, 3:59 pm
The Ordinance directs City staff to develop a strategy to work with banks and lenders to halt mortgage payments or foreclosures for individuals and landlords who have suffered severe loss of wages and income due to the health crisis. [read post]
3 Apr 2020, 12:11 pm
In the preamble (i.e., the “whereas” section), the Governor recited that the Federal Housing Administration implemented an immediate foreclosure and eviction moratorium for FHA-insured single-family mortgages for at least 60 days, and recited that the Federal Housing Finance Agency similarly directed Fannie Mae and Freddie Mac to suspend foreclosures and evictions for Enterprise-backed single-family mortgages for at least 60 days. [read post]
3 Apr 2020, 8:06 am
The protocols direct all Texans to minimize non-essential gatherings and in-person contact with people who are not in the same household. [read post]
2 Apr 2020, 6:53 pm
San Diego COVID-19 Community Resource Fund iNDIVIDUALS /EMPLOYEES The San Diego COVID-19 Community Response Fund has created the San Diego Worker Assistance Initiative to provide resources to individuals impacted by layoffs and reduced working hours implemented by employers.Financial awards can go towards utilities and rent/mortgage payments and payments will be made directly to landlords, mortgage companies, and utility service providers. [read post]
1 Apr 2020, 4:33 pm
The Paycheck Protection Program is a loan forgiveness program (available through June 30, 2020) designed to provide a direct incentive for small businesses to keep workers on their payroll. [read post]
1 Apr 2020, 10:54 am
Areas of legal assistance or guidance include: Bankruptcy and debt-collection matters; Employment issues, unemployment applications and appeals; Child custody, visitation, and support issues; Life, medical, and property insurance claims; Mortgage or foreclosure problems; Public benefits issues (e.g., Medicaid, SNAP/food stamps, Social Security); Healthcare directives and powers of attorney; Consumer protection issues such as price-gouging and scams; Landlord-tenant problems;… [read post]
1 Apr 2020, 9:59 am
”[16] The Treasury Secretary is directed to have application materials ready 10 days after enactment. [read post]
1 Apr 2020, 5:33 am
They jointly own a house worth $500,000, which is encumbered by a $350,000 mortgage. [read post]
