Are you unsure whether you should request a participant loan or an early 401(k) withdrawal? More than thirty-three million Americans filed unemployment claims in seven weeks, and the U.S. unemployment rate is near great depression-like at nearly 15 percent. With...
Mortgage lenders expediently start implementing strict mortgage borrowing standards. JPMorgan Chase announced last week that beginning April 14, 2020, new customers applying for a new mortgage will need a credit score of at least 700, and will be required to...
Mortgage forbearance requests were up to nearly 2,000 percent in the second half of March. The Mortgage Banker Association (MBA) expects deferral request to keep increasing manifold. Sixteen million Americans filed for unemployment claims in the past three weeks. For...
youThe Paycheck Protection Program (PPP) will inject liquidity into small businesses with fewer than 500 employees that the coronavirus or COVID-19 affects. PPP is part of the Coronavirus Aid, Relief, and Economic Security (CARES) that Congress passed and President Donald...