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Wednesday, April 15, 2020Coronavirus' effect on mortgage volume likely limited to 1H20
The brunt of the coronavirus' impact on the housing market will hit in the first half of 2020, with a likely recovery and pick up in home sales in the second half, according to Freddie Mac. "Although the uncertainty of the crisis means forecasts of economic activity are more unclear than usual, we expect that most of the economic damage from the virus will be contained to the first half of the year," Sam Khater, Freddie Mac's chief economist, said in a press release. "Going forward, we should see a
Monday, March 30, 2020Small Business Administration Loans & Local Lender Locations
Many FDIC-backed banks will be able to offer the SBA economic injury disaster loan (EIDL) and 7(a) loan. Click hereto view our financial institution members. The Jefferson Economic Development Commission released this list of SBA approved lenders in Louisiana. Click here The application may be submitted online through the SBA’s website: https://disasterloan.sba.gov/ela/. Details about the loan program are as follows:Loans may be made in an amount of up to $2,000,000 per borrower.Loans carry an
Monday, March 30, 2020DOL Explains Paid Sick Leave, Expanded Family and Medical Leave Benefits
March 27, 2020 U.S. Department Of Labor Publishes More Guidance for Workers and Employers Explaining Paid Sick Leave, Expanded Family and Medical Leave Benefits WASHINGTON, DC –Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) announced more guidance to provide information to workers and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020. The new
