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1 May 2020, 9:18 am
Mortgages Federal mortgage lending companies Freddie Mac and Fannie Mae offer payment forbearance for up to 12 months. [read post]
21 Apr 2020, 2:30 pm
Mortgages on a debtor’s principle residence can be modified under the SBRA, so long as the loan was obtained for business purposes (i.e. not to buy the house). [read post]
20 Apr 2020, 10:50 am
Vehicle and mortgage loan statements – These statements will confirm whether you are current on your secured property or behind. [read post]
20 Apr 2020, 12:53 am
Some villages and cities also charge a transfer tax. [read post]
17 Apr 2020, 7:13 pm
Sixth Ward Building and Loan Association, the U.S. [read post]
10 Apr 2020, 1:59 pm
The House Bill does not extend the moratorium to foreclosures of loans on commercial property. [read post]
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]
6 Apr 2020, 10:37 am
Under this new policy, if a borrower’s ability to pay on a Fannie Mae or Freddie Mac owned loan is impaired, borrowers can temporarily delay monthly mortgage payments without incurring late fees, having delinquencies reported to credit bureaus. [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]
2 Apr 2020, 6:53 pm
The City of San Diego Small Business Relief Fund (SBRF) Small Business Relief fund SummaryThe City of San Diego’s Small Business Relief Fund (SBRF) provides grants and forgivable or low-to-zero-interest-rate loans to eligible small businesses for working capital, such as retaining employees and sustaining continuity of business operations. [read post]
2 Apr 2020, 3:56 am
Nonetheless, it found expect that"consumers may exercise a certain degree of care in investing money, if not perhaps in seeking a mortgage loan for which they simply wish to get funded. [read post]
31 Mar 2020, 11:11 am
“Covered Properties” are: (1) properties that participate in a federal housing program or (2) properties that have a “federally backed mortgage loan” or “federally backed multi-family mortgage loan”. [read post]
27 Mar 2020, 2:49 pm
To modify (or “cram down” in bankruptcy lingo) a mortgage, the proceeds of the loan must have been used primarily in the business, and not primarily to buy the house. [read post]
27 Mar 2020, 1:26 pm
Each bank will set the interest rate for the new guaranteed loans according to the solvency and risk of each company. [read post]
27 Mar 2020, 12:28 pm
This program also provides for forgiveness of the loan in an amount equal to the sum of the following costs incurred over an 8-week period after the loan is funded: payroll costs, mortgage interest, rent obligations, or any covered utility payment. [read post]
27 Mar 2020, 8:17 am
In the wake of the freeze, many banks and financial institutions have indicated that they were creating programs and making options available to help struggling homeowners avoid falling behind on their mortgage loans. [read post]
26 Mar 2020, 8:50 am
Homeowners can also use this time to apply for a loan modification. [read post]
24 Mar 2020, 8:53 am
To be a qualified applicant for the BCLF, businesses must: Be an existing for-profit corporation, partnership, sole proprietorship, or non-profit with for-profit activities in the city of Atlanta that contributes to trade Be current on all financial obligations related to the lease or mortgage agreement for the business Have 50 or fewer full-time employees, i.e., employees working at least 30 hours per week or 130 hours per month Have been in operations for one year Have a current… [read post]
23 Mar 2020, 10:30 pm
Not deferred, not a loan, but a holiday. [read post]
23 Mar 2020, 1:41 pm
Can Mortgage Loan Originators, Underwriters and Loan Processors be Permitted to Work from Home? [read post]
