President Barack Obama is on the verge of creating as much as $300bn in credit for small businesses as bankers raise doubt about whether there’s demand for new loans and how much will be repaid. The US Senate may vote this week on a bill to funnel $30bn of capital to community banks, whose business customers typically are small firms.
Most Popular Articles
A new bill in the House of Representatives would make cooperatively owned units, or co-ops, eligible for mortgages backed by the VA.
MDK is strongly encouraging clients to embrace the new normal while preparing for a foreclosure volume increase in the not-too-distant future.