Coronavirus Impact
Coronavirus Impact
Mortgages in forebearance

Forecasts about the pandemic's impact on the mortgage market have grown less dire after forbearance requests by homeowners nearly leveled off in the first half of May.

May 26
5 Min Read
Keith Cargill abruptly stepped down as CEO of Texas Capital after the Dallas bank's planned merger with Independent Bank Group was called off.

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday.

May 26
4 Min Read

At least four pending deals have been canceled since the economy was locked down to slow the pandemic's spread. With banks' market values falling and loan-loss provisions piling up, more terminations are likely.

May 26
4 Min Read
JPMorgan Chase CEO Jamie Dimon said that roughly 33% of homeowners who asked for forbearance on mortgages didn’t use it.

JPMorgan Chase's CEO expects the economy to rebound in the third quarter thanks to government stimulus programs and the strength of the consumer going into the pandemic.

May 26
2 Min Read
“We established these recovery rebates to help individuals and families through the tough times of this pandemic,” said Sen. Chuck Grassley, R-Iowa, who chairs the Senate Finance Committee.

The new legislation directs the Treasury Department to protect electronic payments that Americans receive through the pandemic rescue package.

May 26
1 Min Read
St. Joseph Episcopal Church in Queens Village, N.Y.

Like a lot of operations, such as small businesses, hospitals and suppliers, St. Joseph Episcopal Church in Queens Village, N.Y., found out it was not as “online” as it thought.

May 26
3 Min Read

Kenya’s biggest source of foreign currency slumped last month, with the central bank indicating that shocks caused by the coronavirus will have a greater impact on the economy for the rest of this year.

May 26
1 Min Read

Texas Capital also said that Keith Cargill has stepped down as president and CEO.

May 26
1 Min Read
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