Real EstateCoronavirus

Housing joins mosh-pit scramble for PPP loans

About 14% of U.S. real estate companies got funding in PPP's first round, SBA data shows

About 14% of real estate companies in the U.S. – including sales, leasing and maintenance firms – got funding in the first round of the Paycheck Protection Program created by Congress to rescue small businesses.

That share is based on loan data covering the April 3 to April 13 period from the Small Business Administration, the federal department overseeing distribution of the original $349 billion funded by Congress and the $320 billion that was added to it on April 27.

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UWM now offering 15-year fixed mortgage rates as low as 1.875%

United Wholesale Mortgage announced Friday that it is rolling out a new loan program that offers borrowers an interest rate as low as 1.875% for both purchase mortgages and refinances.

Jul 31, 2020 By
3d rendering of a row of luxury townhouses along a street

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