Work on the Democrat-proposed Families First Coronavirus Response Act continued Thursday afternoon as Democrat and Republican lawmakers attempted to reach a compromise. Politico reports that Speaker of the House Nancy...
Read More »Search Results for: coronavirus
American Bankers Association Events Cancelled Due to COVID-19
The American Bankers Association (ABA) announced that it has canceled all planned events in Washington D.C. due to the coronavirus outbreak. The World Health Organization officially declared COVID-19 a pandemic...
Read More »Mortgage Applications Spike More than 50%
...is also 479% higher than the same week in 2019. The purchases index increased just 6% from the previous week. "Market uncertainty around the coronavirus led to a considerable drop...
Read More »Financial Industry Reacts as Coronavirus Officially a Pandemic
...customers and members affected by the coronavirus (COVID-19), which has now been classified by the World Health Organization (WHO) as a pandemic. The agencies named in the statement include: Board...
Read More »Wells Fargo CEO Details Plan to Build Public Trust
...fear over the spread of coronavirus has had widespread consequences for the financial services industry, the economy, and the markets,” McHenry said. “Our constituents have real concerns and they expect...
Read More »Examining American Housing Market Sentiment
...any point in the survey’s nearly ten-year history, the late February stock market decline, precipitated in part by evolving expectations of the potential economic impact of the coronavirus, is not...
Read More »The Week Ahead: Federal Reserve Talks National Net Worth
...to the coronavirus outbreak by cutting interest rates by half a percentage point in an effort to boost the U.S. economy. “The fundamentals of the U.S. economy remain strong,” the...
Read More »More Jobs, More Homes
...specialty trade contractors) posted another large gain this month, a welcome sign in terms of expected easing of housing supply constraints.” Duncan also discussed the coronavirus threat and its potential...
Read More »Employment Signaling Optimism in Mortgage Market
...specialty trade contractors) posted another large gain this month, a welcome sign in terms of expected easing of housing supply constraints.” Duncan also discussed the coronavirus threat and its potential...
Read More »Five Star Global Cancels Conferences in Light of COVID-19
...but many questions remaining. Oxford Economics reported that an international health crisis—such as a coronavirus pandemic—could potentially wipe out more than $1 trillion from the global GDP. Mortgage rates have...
Read More »