General World News

Lori Gottlieb’s book ‘Maybe You Should Talk To Someone’ has helped many people, including me, feel more comfortable with going to therapy — here are her best tips on starting therapy during a pandemic

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  Summary List Placement Like many people, I started going to virtual therapy in 2020. It helped me find direction and feel more relaxed, even if no other variables in my life changed.  Reading therapist Lori Gottlieb’s bestselling book, “Maybe You Should Talk To Someone,” was what first inspired me to consider going to therapy. […]

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Billionaires Tom Steyer, Mark Cuban support more checks for Americans in Biden’s $1.9 trillion stimulus proposal

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Summary List Placement President-elect Joe Biden presented a $1.9 trillion stimulus plan on Thursday evening, which included $1,400 direct payments, $350 billion in aid to state and local governments, and vaccine distribution funds. Some billionaires have been advocating for more stimulus packages for months, including Tom Steyer. The former hedge fund manager and liberal activist […]

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JPMorgan Chase amps up correspondent lending

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JPMorgan Chase, the nation’s largest depository bank, increased mortgage origination volume to $32.5 billion in the fourth quarter, a 12% gain on the prior quarter. But that doesn’t quite tell the whole story. The Jamie Dimon-led bank increased overall mortgage origination volume primarily through its correspondent channel, according to the earnings report issued this week. […]

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Joe Biden’s stimulus plan would enact $400 weekly federal unemployment benefits through September 2021 — and it may continue beyond that date

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Summary List Placement President-elect Joe Biden rolled out a colossal $1.9 trillion economic aid package on Thursday evening. It contains numerous provisions that could assist millions of Americans, particularly the unemployed. His plan contains a $400 weekly government supplement to state unemployment checks that expires on Sept. 30 among other sweeping measures. It would be […]

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Biden’s new stimulus plan features family benefits that include an annual credit of up to $3,600

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Summary List Placement President-elect Joe Biden’s economic relief package unveiled on Thursday included yearly benefits for families with children, marking his first official step toward addressing child poverty. According to Biden’s American Rescue Plan, the Child Tax Credit will be expanded so that families with children under the age of 6 will receive $3,600 per […]

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Figure Lending lands $100M funding facility

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Mike Cagney, SoFi SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. The warehouse facility will allow the company, a subsidiary of Figure Technologies, to originate conventional loans as well as jumbo loans, the company said in a statement Wednesday. In a […]

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US retail sales sank again in December as surging COVID-19 cases slammed holiday spending

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Summary List Placement Spending at US retailers contracted through the last month of 2020 as economic restrictions offset holiday-season sales. US retail sales contracted 0.7% in December, according to Census Bureau data released Friday. Economists surveyed by Bloomberg expected sales to hold steady from the month prior. While spending fell from the prior month, it […]

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The UK economy is on the brink of a double-dip recession after it shrank 2.6% in November amid surging COVID-19 cases

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Summary List Placement The UK economy shrank 2.6% in November as an increase in coronavirus infections and fresh restrictions exacted a heavy toll, official figures have shown, putting the country on track for a double-dip recession. November’s drop was considerably lower than the 5.7% contraction economists predicted in a Reuters poll. But it meant the […]

General World News

The UK economy is on the brink of a double-dip recession after it shrank 2.6% in November amid surging COVID-19 cases

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Summary List Placement The UK economy shrank 2.6% in November as an increase in coronavirus infections and fresh restrictions exacted a heavy toll, official figures have shown, putting the country on track for a double-dip recession. November’s drop meant the economy was 8.5% smaller than it was in February 2020, having been 6.1% smaller in […]

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Trump administration will not end GSE conservatorship

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The U.S. Department of the Treasury and the Federal Housing Finance Association issued a joint statement Thursday announcing they will not restructure the taxpayers’ stake in Fannie Mae and Freddie Mac. In other words, the government-sponsored enterprises (GSEs) will not be exiting conservatorship under the current administration. In a statement establishing an agreement for ongoing […]

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Industry calls for new FHFA leadership, GSE reform

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The National Association of Realtors and other industry trade groups are calling for the reform of the government-sponsored enterprises. They also want to see a change in the leadership structure at their regulator, the Federal Housing Finance Agency. At a webinar hosted by NAR, panelists spoke about the next potential steps for removing Fannie Mae […]

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7 things that have changed forever in the mortgage industry

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The mortgage industry has not traditionally been the vanguard in the adoption of digital solutions particularly in data intelligence and applied machine learning. Investments in proper infrastructure, an innate fear of losing process control, and converting the workforce to a digitally savvy “knowledge force” have contributed to “digital apprehension” in the past. The COVID-19 pandemic served […]

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Joe Biden unveils a $1.9 trillion stimulus plan with $1,400 direct payments and federal unemployment benefits

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Summary List Placement President-elect Joe Biden laid out his plan for another $1.9 trillion economic rescue package on Thursday. Biden’s proposal includes: A $1,400 top-up for stimulus checks which will bring the total distributed amount to $2,000. $130 billion in funds to reopen schools. $350 billion in state and local assistance. Biden faces a delicate […]

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These 8 books and podcasts helped us maintain happier, healthier relationships with partners, friends, and family during the pandemic

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  Summary List Placement 2020 strained many things, including some of our closest relationships, which were pressure-tested with new challenges. Some people went through breakups, fights with family members, tensions with coworkers, or rifts in friendships. I asked my colleagues at Insider for the books, podcasts, and resources that helped them build better relationships this […]

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U.S. Department of Education Quickly Makes Available More Than $21 Billion in Taxpayer Funds to Support Continued Education at Colleges, Universities

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WASHINGTON — The U.S. Department of Education announced today that an additional $21.2 billion is now available to institutions of higher education (IHEs) to serve students and ensure learning continues during the COVID-19 pandemic. This funding is allocated to the Higher Education Emergency Relief Fund II (HEERF II) by the Coronavirus Response and Relief Supplemental […]

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Monetary stimulus will remain in place well into economic recovery, Fed Chair Powell says

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Summary List Placement Those worrying the Federal Reserve will prematurely rein in monetary stimulus have little to fear, Fed Chairman Jerome Powell said Thursday. As COVID-19 vaccines roll out across the country, investors and economists have looked to Fed officials for any hints as to when its extremely accommodative policy stance could reach its conclusion. […]

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FHFA extends relaxed appraisal, lending standards

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The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan. 31, 2021, however, the government entity is now […]

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‘We’re going to pull out all the stops:’ A top Senate Democrat says he’ll fight to include a $600 federal unemployment benefit in Biden’s stimulus plan

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Summary List Placement Sen. Ron Wyden of Oregon, the incoming chair of the ranking Senate Finance Committee, suggested on Thursday in an exclusive interview that elements of President-elect Joe Biden’s forthcoming economic rescue package could be modified during Congressional negotiations — particularly on enhanced unemployment insurance. Wyden said he would press for a $600 federal […]

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Europe’s Populists Fearful of Social Media Restrictions

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Europe’s populist leaders are outraged by the decision of U.S. social-media giants to block U.S. President Donald Trump from posting on their sites. They fear Facebook, Twitter and other major social media companies could start banning them, too.     Polish Prime Minister Mateusz Morawiecki condemned the internet giants Tuesday. “The censorship of freedom of […]

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Biden has promised to extend the pause on student-loan payments during his first day in office. Here are other steps the new administration could take for student-debt relief.

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Summary List Placement President-elect Joe Biden plans to prioritize federal student loan debt forgiveness on the first day of his presidency, but questions still remain on the likelihood of carrying out his forgiveness plans. Last week, Biden’s transition official David Kamin told reporters that Biden will direct the Department of Education on day one to […]

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UPenn’s online master’s in computer science costs a third of an in-person degree and can land you a job in the rapidly growing tech field

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  Summary List Placement With the help of UPenn’s online Master of Computer and Information Technology (MCIT) program, students with no prior experience can enter the lucrative and growing field of computer science. The 10-course, online version of the on-campus graduate-level program takes 16-40 months to complete and costs about $26,000 (one-third of the on-campus […]

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US weekly jobless claims jump the most since March as America’s labor-market recovery falters

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Summary List Placement The number of Americans filing for unemployment benefits jumped last week as rising COVID-19 cases continued to cut into the labor market’s recovery. New US jobless claims totaled an unadjusted 965,000 for the week that ended Saturday, the Labor Department announced Thursday. That comes in well above the 800,000 claims expected by […]

General World News

18 insightful books, podcasts, and online resources that helped us manage our mental health while quarantining

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Summary List Placement The COVID-19 pandemic has created new mental health challenges and changed how we cope with them. I asked my colleagues to share the things that have helped them manage their mental health throughout quarantine. You can find 18 of them below. Read more: The professor behind Yale’s popular online course, The Science […]

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Audiobooks are the most underrated form of quarantine entertainment — these are the best apps for listening

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Summary List Placement Audiobooks are an underrated form of entertainment. They’re an easy way to soak up information, whether you’re jogging, taking a bath, or doing the dishes. I listen to audiobooks using Scribd, Libby, and Audible, as well as the audio from MasterClass classes. It’s boosted my happiness by helping me stay productive without […]

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Impact of the CARES Act on mortgage servicing operations

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Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 million borrowers had been, or still were, on a COVID-19-related forbearance plan, either through the CARES Act or another program. Fortunately, the forbearance programs and […]

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Senate Democrats weigh merging coronavirus relief and infrastructure into a massive multi-trillion-dollar package that could pass without GOP votes

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Summary List Placement Senate Democrats are weighing whether to combine an infrastructure bill and coronavirus relief legislation into a single, massive multi-trillion-dollar package that could pass without Republican votes, two Democratic aides familiar with the discussions tell Insider.  The ongoing talks reflect a desire among Democrats to swiftly capitalize on their new Senate majority with […]

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Office for Civil Rights Delivers Annual Report to Congress Highlighting Major Milestones and Achievements in Protecting Students’ Rights

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WASHINGTON — Today, the U.S. Department of Education’s Office for Civil Rights (OCR) released its Annual Report to the Secretary, the President, and the Congress for fiscal year 2020. The Annual Report summarizes enforcement achievements and policy priorities for FY 2020 and highlights the significant progress made over the course of the past four years of the Trump […]

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UWM will partially refund borrowers for late appraisals

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United Wholesale Mortgage (UWM) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. The initiative, called “Appraisal Promise,” drops just a week before the wholesale lender’s Wall Street debut on Jan. 22. UWM is merging […]

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A financial crisis could emerge from the coronavirus’s lingering fallout, World Bank chief economist says

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Summary List Placement Achieving herd immunity and bringing the coronavirus in check won’t resolve all of the pandemic’s economic damage, Carmen Reinhart, chief economist at the World Bank, said Tuesday. What began as a health crisis is creating “your classic balance sheet problems” and risks plunging the world into a dire financial crisis, Reinhart said […]

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New-year optimism reflected in mortgage applications jump

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Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan. “Booming refinance […]

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LinkedIn is offering free online classes based on the top skills companies want in 2021

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  Summary List Placement LinkedIn identified the top five hard skills employers are looking for in 2021, such as data analysis and project management.  Through January 31, the platform is offering free classes to learn those skills — no LinkedIn Learning signup required. Also included are general career development courses, from preparing for job interviews […]

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Senate Democrats start sketching out a legislative agenda that includes $2,000 stimulus checks as odds of a Trump impeachment trial rise

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Summary List Placement Senate Democrats are beginning to lay out their legislative agenda for the year as the party barrels toward a second impeachment of President Donald Trump in the final days of his term. “The nation is facing unprecedented challenges: the greatest economic crisis in seventy-five years, the greatest public health crisis in a […]

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U.S. Department of Education Announces Additional College Scorecard Updates, Providing Greater Transparency on Borrower Repayment Progress and Postsecondary Costs

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WASHINGTON — The U.S. Department of Education announced today a new update to College Scorecardthat delivers on the Administration’s promise to make higher education more transparent and accountable. College Scorecard now provides prospective students with information on how well borrowers from individual colleges and universities are progressing in repaying their federal student loans, as well as […]

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Reggora gets Series B funding, eyes 2-day appraisals

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Appraisal software company Reggora today announced the completion of a $30 million Series B funding round, led by returning investor Spark Capital. Other investors included Shine Capital, Greenpoint Partners, Boston Seed and 1984. The company snagged $10 million in a February Series A funding round, bringing the company’s total capital to $45 billion. The company […]

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US job openings shrank by 105,000 in November as the hiring rate held steady

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Summary List Placement US job openings dipped in November as businesses continued to hire workers amid the worsening coronavirus pandemic. Openings dropped by 105,000 to about 6.5 million through November, according to Job Openings and Labor Turnover Survey, or JOLTS, data published Tuesday. The reading met the 6.5 million openings forecasted by economists surveyed by […]

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US small-business optimism tumbles to 7-month low as COVID-19 restrictions curb activity

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Summary List Placement A popular gauge of small-business confidence in the US sank to a seven-month low in December as stricter lockdown measures and climbing daily case counts cut into economic activity. The National Federation of Independent Businesses’ index of small-business optimism fell 5.5 points last month to 95.9, according to a Tuesday release. The […]

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Social Media Wrestle With Aftermath of Blocking President Trump Over Capitol Riot

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The attack on the U.S. Capitol has reignited criticism of social media and its alleged role in inciting violence. While Facebook and Twitter have banned President Trump, there are questions about the future of online speech. Tina Trinh reports. Producer: Matt Dibble  details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com