The Latest
As a longtime proponent of flat fees, I see a lot of pain ahead for firms that rely solely on assets under management.
Real estate investor Tom Barrack said predicted a “domino effect” of catastrophic economic consequences if banks and government don’t take prompt action to keep commercial mortgage borrowers from defaulting.
Two new refundable credits are aimed at immediately and fully reimbursing employers, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees.
While the mortgage market began the year healthy, lenders and borrowers need to prepare for the impacts of the coming coronavirus recession.
Bond-financed bridges across the Rio Grande will lose revenue because of the partial closure of the border, as will the Texas economy.
The Federal Reserve continued its “aggressive” and unprecedented actions to try to stem the economic bleeding caused by reaction and shutdowns related to the COVID-19 outbreak.
The rush to unload mortgage-backed securities signals that a credit meltdown that began with corporate bonds is spreading to other corners of the market.
As lawmakers scramble to enact coronavirus relief legislation, some industry groups have suggested Americans could be in for “one of the greatest economic disruptions since the Great Depression.”
Employers should be prepared to adjust their plans and communication strategies during the outbreak.
Only 42 million out of 144 million U.S. workers could do their jobs at home, forcing many to choose between the fear of getting sick and the fear of being fired.












