What is a bridge loan?

Coronavirus stimulus checks to be sent 3 weeks from today FOX Business’ Edward Lawrence gives a timeline of when Americans will start receiving money now that the House has passed the coronavirus spending bill. As the coronavirus pandemic threatens to crush small businesses across the country, the Small Business Administration […]

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Reactions to RBI policy announcement

The central bank advanced its monetary policy committee meeting and voted for sizable reduction for policy rate. In view of the COVID-19 pandemic, the Reserve Bank of India has reduced the repo rate by 75 bps to 4.4% on Friday. The central bank advanced its monetary policy committee meeting and […]

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Halifax withdraws majority of mortgages

Halifax, the UK’s biggest mortgage lender, has withdrawn the majority of the mortgages it sells through brokers, including all first-time buyer loans, citing a lack of “processing resource”. In a message sent to mortgage brokers this morning, Halifax said it would no longer offer any mortgages with a “loan-to-value” (LTV) […]

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Bloomberg sued by ex-field organizers over stiffed pay

Does Bloomberg’s big money support for Biden look bad for Democrats? Bloomberg 2020 senior adviser Bradley Tusk discusses Mike Bloomberg’s debate performance and the former mayor’s support for Joe Biden. Former campaign staffers for Mike Bloomberg filed a class-action suit against the billionaire former presidential candidate for fraud, arguing that […]

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