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Summary List Placement American billionaires have earned so much money during the pandemic that they could fund two-thirds of President Joe Biden’s COVID-19 relief package using profits generated in the last year, a report shows. The combined fortune of American billionaires rose around $1.3 trillion, or 44%, from March 2020 to March 2021, Americans for […]

Summary List Placement The latest round of stimulus checks has already landed in thousands of people’s bank accounts as of Friday, according to The Wall Street Journal. The $1,400 checks are the latest round of direct payments delivered to Americans since the coronavirus began about one year ago. Treasury Department officials said earlier Friday that […]

Summary List Placement House Democrats said on Friday afternoon they have officially started work on an infrastructure package, kicking off what appears likely to be a lengthy stretch of negotiations on a multitrillion-dollar economic recovery bill. “Building our transportation system has long been bipartisan,” Speaker Nancy Pelosi said in a statement. “It is our hope […]

Summary List Placement The unemployment benefits in the $1.9 trillion stimulus plan that President Joe Biden signed into law on Thursday included a tax exemption on the first $10,200 of the benefits received last year. But it could still be difficult for taxpayers to claim this exemption, and Senate Democrats are pushing the IRS to […]

Summary List Placement President Joe Biden signed the $1.9 trillion COVID-19 stimulus bill into law on Thursday. Tucked into it is a $100 billion plan to offer most parents recurring monthly checks from July through December: $300 per child under age 6 and $250 per child ages 6 to 17. After that, parents can claim […]

Summary List Placement Every time an elected leader proposes a progressive policy that will cost money — expanding health care, for instance, or the wildly popular American Rescue Plan that the Biden White House is championing to combat the economic damage caused by the coronavirus pandemic — the inflation hawks loudly warn that another Great […]

Summary List Placement Although vaccine distribution is ramping up across the country, the Covid-19 pandemic isn’t over, and Americans are still facing financial hardships. And while moratoriums on evictions and foreclosures have been instituted and repeatedly extended, progressive House Democrats want the government to do more. They want to ease the burden on renters and […]

Summary List Placement They say that Wall Street is not supposed to be an emotional place, but if you want to see the “Masters of the Universe” burst into tears you need only bring up Sen. Elizabeth Warren’s wealth tax proposal.  Last week billionaire investor Leon Cooperman called the policy “foolish” on CNBC. This after, […]

Summary List Placement The UK economy shrank 2.9% in January, better than the 4.9% contraction expected. It left the economy 9% below its February 2020 size, with the UK one of the worst-hit countries. Economists have predicted a swift recovery, however, thanks to the UK’s speedy vaccine drive. Sign up here for our daily newsletter, […]

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. The new product, called EquityAvail, funds at closing […]

Better.com is continuing to grow its head count in the midst of the pandemic, announcing Thursday that it will be adding at least 2,000 Google Career Certificate graduates in the next three years. The hiring initiative will be through Better.com’s partnership with Merit America, a nonprofit that helps Americans without college degrees get jobs. Positions […]

Summary List Placement Crypto whiz kid Justin Sun, acquired a piece of digital art for $69 million on Thursday in a record-breaking Christie’s auction. Sun—who once paid $4.6 million to have lunch with Warren Buffett—bid $60.25 million for the digital work, called “Everydays: The First 5000 Days.” Including the buyer’s premium the total cost for […]

Summary List Placement Eligible Americans will start to receive the $1,400 stimulus check “as early as this weekend,” White House press secretary Jen Psaki announced Thursday. Psaki said that the Treasury Department and the Internal Revenue Service, the agencies responsible for distributing the economic relief, are “working hard to get relief payments out the door […]

Discover how mortgage companies are boosting profits by adopting a mortgage automation platform. David Karandish, CEO of Capacity, will explain how a mortgage automation platform can automate borrower education, lead routing, guideline access, loan status updates, and servicing. He will also review the benefits of intelligent document processing. Watch the full session below. To go […]

Summary List Placement President Joe Biden signed a $1.9 trillion stimulus package into law on Thursday, setting off a massive government rescue effort for struggling families and unemployed Americans. It starts the clock for the distribution for a fresh wave of direct payments this month. Biden moved to secure the first major legislative victory of […]

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? Most answer LOs because most industry market share is still LO-driven. But let’s go deeper to see if this answer holds up for execs and LOs over full market cycles. And let’s frame it in the context […]

The presenters will discuss the importance of early lead management, with the emphasis on converting these leads into your loan pipeline.  Matt Hydrew of CreditXpert and Todd Worthington of Bank of England will discuss the main causes of early lead fall-out and the impact credit scores have during this phase.Learn how decreasing early lead fall-out […]

Summary List Placement Americans are struggling to pay for basic household expenses, like food, rent, and medical services, but with President Joe Biden’s $1.9 trillion stimulus plan headed for his desk shortly, households across the country can expect to see relief. In a report released on Wednesday by the Center on Budget and Policy Priorities, […]

Summary List Placement Job openings in the US unexpectedly climbed in January as daily new COVID-19 cases peaked and the economic recovery slowly resumed. Openings gained by 165,000 to roughly 6.9 million in the first month of the year, according to Job Openings and Labor Turnover Survey, or JOLTS, data published Thursday. Economists surveyed by […]

For all that executives of Homepoint did say on Thursday’s earnings call, it was what they wouldn’t discuss that drew the most attention. A week after United Wholesale Mortgage threw a bomb into the wholesale channel by issuing an ultimatum to brokers that has divided the community, Willie Newman, the CEO of Home Point Capital, […]

Labor market optimism, continued vaccination roll-out and additional stimulus spending helped to push the average mortgage rate for a 30-year fixed loan up three basis points last week to 3.05%, according to Freddie Mac’s Primary Mortgage Market Survey. This is the second consecutive week rates have risen above 3% — a trend not seen since July of 2020. At […]

Summary List Placement Christine Lagarde said the ECB was concerned rising bond yields could weigh on the recovery. The ECB said it would step up the pace of bond purchases to try to support lending in the economy. Rising bond yields have worried markets in recent weeks – but European yields fell after the decision. […]

Summary List Placement Paula Jan Beasley didn’t think she would still be searching for a job about a year after she was laid off last March. She had just started a new job as an assistant manager at a restaurant in Missouri after many years of experience in contract human-resources positions, but the pandemic changed […]

Summary List Placement President Joe Biden’s historic $1.9 trillion stimulus relief package just passed the House, and is set to be signed into law this week. The bill will allocate billions towards Americans, providing relief for unemployed workers, parents, and millions more. Many taxpayers are set to receive $1,400 stimulus checks, and parents could receive […]

Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the government sponsored entity said in a letter to sellers on Wednesday. “Recent amendments to our senior preferred stock purchase agreement with Treasury impose additional risk criteria on the loans we acquire,” the GSE said in a letter. “One of those restrictions […]

Summary List Placement The amount of fiscal stimulus used to keep the US economy afloat over the past year blows past packages out of the water. But Americans don’t seem all that worried. In fact, one could say they’re getting used to it. House Democrats passed President Joe Biden’s $1.9 trillion relief package on Wednesday, […]

Summary List Placement The House of Representatives passed a $1.9 trillion stimulus package on Wednesday, paving the way for President Joe Biden to sign the relief bill this week. It sets up a colossal federal effort to pull the economy out of its worst crisis in generations. The vote was 220-211; every House Republican voted […]

Summary List Placement New York City real estate is a finicky game: Apartment-hunting New Yorkers have been scoring deals left and right, but some landlords are trying to beat the discounts by holding empty apartments until prices rebound. They’ve been yanking empty apartments off the market while demand and rent are low, a practice known […]

Summary List Placement The recent pullback in clean tech stocks presents a “rare buying opportunity” according to analysts at Morgan Stanley. In a note to clients on Wednesday, Morgan Stanley analysts led by Stephen C. Byrd said they are recommending clean tech stocks with “strong growth and cash flow” after a recent fall in share […]

Summary List Placement Investors are more bullish now than at any time during the pandemic, according to a survey from Investopedia. Investopedia has been surveying their daily newsletter readers since the pandemic was officially declared on March 11, 2020. Lately, they’ve been growing more bullish. In March, 45% of survey respondents said they were bullish […]

Summary List Placement American households are becoming one big family. Fifteen percent of homebuyers have been buying multigenerational homes since the pandemic started, according to a new report by the National Association Realtors (NAR). That’s the highest multigenerational homebuying rate since NAR began tracking the metric nine years ago, in 2012, following the Great Recession, […]