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February 24, 2020

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Auto lending

How the coronavirus crisis is upending auto lending

Closed showrooms, temporary bans on repossessions and a sudden spike in unemployment have dimmed the prospects of a sector that has boomed since the last recession.

By Kevin Wack

38m ago
SBA

After opening-day fiasco, SBA upgrades lender portal with Amazon assist

The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week.

By John Reosti

5h ago
Servicing

Senators urge oversight council to provide relief to mortgage servicers

A bipartisan group of lawmakers wrote in a letter to the Treasury secretary that the Financial Stability Oversight Council should create a liquidity facility to deal with a flood of forbearance requests brought on by the coronavirus pandemic.

By Kate Berry

5h ago