Our take on the latest trending events:

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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.
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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.
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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.
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Credit union and bank associations are teaming up to reassure consumers they are healthy and available to help amid the current coronavirus pandemic.
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