Biz2Credit, a New York company that connects small business with lenders, discovered that scenario during its recent monthly analysis of 1,000 loan applications.
As the shutdown of the federal government entered its second week, private mortgage insurers alerted clients and potential clients they will insure mortgage loans if the Federal Housing Administration, operating with a skeleton crew, jeopardizes closing dates.
Private mortgage insurers have been alerting clients and potential clients they will insure loans whose closing have been delayed by federal shutdown.
The fight between the City of Richmond, Calif. and 624 mortgage lenders continues, as the city attempts to obtain the loans through eminent domain.
North and South come together in vote on Thursday, plan to launch merged association on Jan. 1.
Vincas Urbaitis, a former board director of the now-shuttered Taupa Lithuanian Credit Union, said he has been doing a lot of thinking lately about how he and six board members were double-crossed by Alex R. Spirikaitis, their former CEO.
This preview from our Aug. 14 print edition looks at how board members of the failed credit union say they were misled by fugitive CEO.
Federal court convicts Makushamari Gozo of 18 counts of making a false claim and five counts of bank fraud involving cars and fuel.
On the surface, it might appear that a recent extension of the deadline for large employers to comply with providing health insurance under the Patient Protection and Affordable Care Act from 2014 to 2015, is a cause for relief. But some are not so sure.
The federal tax agency is responsible for overseeing corporate compliance with the affordability requirement of the PPACA.