Consumer spending has slowed thanks to the COVID-19 pandemic. And with slower spending comes slower or negative growth in the economy, leading to business and loan failures. More..
Ginnie Mae is becoming a lender of last resort for mortgage servicers that are having a tough time advancing principal and interest to investors when borrowers are not making payments. More..
In response to the economic turmoil stemming from COVID-19, the government is taking extreme measures to prop up the economy. And one such effort is the Federal Reserve adding massive amounts of liquidity into the market. More..
Credit union and bank associations are teaming up to reassure consumers they are healthy and available to help amid the current coronavirus pandemic. More..
