Senate rejects extension of jobless benefits

Senate Democrats abandoned on Thursday efforts to provide fresh aid to cash-strapped state governments and extend emergency unemployment benefits for millions of jobless workers, leaving in limbo President Obama’s push for more spending to bolster the economy. The decision came after the Senate failed again to muster 60 votes to advance a package of tax cuts and emergency economic provisions.

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PennyMac warns mortgage originators that forbearance buybacks could be coming

With the housing industry at large raising alarms about mortgage servicers’ desperate need for liquidity, the nation’s largest mortgage aggregator is now warning originators that it could force them to buy back loans that go into forbearance.

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Fed chairman urges caution on reopening economy

A day after President Donald Trump set an April 30 deadline for reopening the U.S. economy, Federal Reserve Chairman Jerome Powell urged caution.

Apr 09, 2020 By
3d rendering of a row of luxury townhouses along a street

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