Mortgage Company Suspends Lending for Two Weeks
Impac Mortgage hopes the pause will give the Fed's efforts to stabilize the mortgage-backed security markets time to take effect.
SoftBank-Backed Satellite Startup Files for Bankruptcy
OneWeb said it couldn’t obtain new funding from investors due to the financial impact of the COVID-19 pandemic.
Mortgage Relief Could Cripple Loan Servicers
Forbearance programs would cause liquidity problems for nonbank mortgage providers, the industry says.
Gas Demand Plunges Amid Virus Lockdowns
“The oil industry could take a sustained hit as people stay close to home and forgo typical commutes along with travel plans."
Jobless Claims Smash Record
Unemployment claims surged to 3.28 million last week as more Americans become displaced due to the coronavirus pandemic.
How One Restaurateur is Weathering the Coronavirus Shutdown
“With sliver-like margins and not enough resources to sustain a prolonged closure, the future looks grim.”
Companies Help Hourly Workers Get Through COVID-19
Eight in 10 CFOs say they'll offer benefits and/or monetary compensation that exceed their contractual obligations to hourly employees.
Companies Brace for Impacts to Top & Bottom Lines
Most companies are quickly shifting strategies as they size up COVID-19's likely impacts on revenue and profits, PwC finds.
U.K. Cuts Interest Rates in Response to Coronavirus
Policymakers reduced rates down to the lowest level in history to help cushion the impact of COVID-19.
How to Prepare for a Remote Digital Workplace
With companies taking various steps to protect employees' health in the face of COVID-19, it's important to be ready for working remotely.
Did Your Contract Anticipate the Arrival of Coronavirus?
As the virus spreads, there will likely be an increase in contractual defaults. Here's a look at the related legal ramifications and remedies.