Much of the $350 billion in the Small Business Administration’s emergency coronavirus relief fund was effectively spoken for within the first minutes of launch, according to senior banking executives. “We didn’t even get through the first five minutes of applications,” a JPMorgan Chase senior banking executive said. The bank received over 60,000 applicants for the […]
Millions of small businesses are anxiously awaiting their slices of a $350 billion relief program that forms part of the government’s $2 trillion economic support package. However, with just hours to go before the launch, major banks are still awaiting guidance...
The country’s volatile stock market has a silver lining for homeowners — record low rates. Wall Street investors buying up bonds and Treasury bills have caused mortgage rates to drop dramatically. The current rate for a 30-year fixed mortgage is 3.47 percent, a...
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