Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Funding
Mortgage rule changes allow easier entry into the housing market with lower monthly payments, but also an increased cost of repaying a mortgage.
China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending. The stimulus announced by the central bank come after warnings that more state support was needed to get the world’s second-largest economy back
China’s central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy. The medium-term lending facility — the interest for one-year loans to financial institutions — was cut from 2.3 percent to 2.0 percent, the People’s Bank of
China’scentralbanklowered the cost of itsmedium-termloans tobanks on Wednesday, in a move consistent with other broad policy to shore up flailing economy.
Residents in Jefferson Parish can now get more federal help recovering from Hurricane Francine. That includes the residents in the more than 500 flooded homes in Kenner.
Jefferson Parish residents affected by Hurricane Francine are now eligible for FEMA assistance. Businesses are also eligible for small business disaster loans. This comes one day after Kenner announced residents and businesses were now eligible for assistance. The city of Kenner is still working on clarifying the process for the Disaster Supplemental Nutrition Assistance Program application and establishment of the Disaster Recovery Center and says it should be solidified by next week. We have been persistent on our calls with Jefferson Parish Emergency Management, and our own Emergency Operations team has met with state and federal agencies within city limits to prove Kenner needs recovery assistance from Francine. I am thrilled for Kenners residents and business owners to now have access to these resources, said Mayor Mike Glaser.When the original announcement was made by the Federal Emergency Management Agency, Kenner and Jefferson Parish were left off the assistance eligibility, despite being heavily impacted by flooding from the storm.Assistance for eligible survivors can help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs. Also, low-interest disaster loans from the U. S. Small Business Administration are available for businesses of all sizes (including landlords), private nonprofits, homeowners and renters.How to apply to FEMA:Homeowners and renters in Jefferson Parish and other designated parishes can apply several ways: Go online to disasterassistance.gov Download the FEMA app for mobile devices. Call the FEMA helpline at 800-621-3362 between 6 a.m. and 11 p.m. Help is available in most languages. If you use a relay service, such as video relay (VRS), captioned telephone or other service, give FEMA your number for that service.How to apply: FEMA Individual Disaster Assistance:Go online to www.disasterassistance.gov Download and use the FEMA appCall 800-621-3362 between the hours of 6 a.m.-11 p.m. Central Time dailyIf you have flood, homeowners or renters insurance, you should file a claim as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If your policy does not cover all of your disaster expenses, you may be eligible for federal assistance. SBA Assistance: Small Business Administration disaster loans may be available to homeowners, renters, and businesses of all sizes in areas covered by a disaster, including the city of Kenner. For more information and to apply for SBA assistance, click here.You can contact the SBA Disaster Assistance Customer Service Center for more information at 800-659-2955 or by emailing disastercustomerservice@sba.gov.
As prices continue to rise, many people will be scratching their heads wondering where first-time-buyers (FTB) are coming up with the ever-increasing house deposits.
Marama Labs, a life-sciences instrumentation start-up, has secured 280,000 in funding from Enterprise Ireland to fund the expansion of the companys Irish
Kenner residents are now eligible to apply for Federal Emergency Management Agency individual disaster assistance and small business administration assistance due to Hurricane Francine. The city of Kenner is still working on clarifying the process for the Disaster Supplemental Nutrition Assistance Program application and establishment of Disaster Recovery Center and says it should be solidified by next week. We have been persistent on our calls with Jefferson Parish Emergency Management, and our own Emergency Operations team has met with state and federal agencies within city limits to prove Kenner needs recovery assistance from Francine. I am thrilled for Kenners residents and business owners to now have access to these resources, said Mayor Mike Glaser.How to apply: FEMA Individual Disaster Assistance:Go online to www.disasterassistance.gov Download and use the FEMA appCall 800-621-3362 between the hours of 6 a.m.-11 p.m. Central Time dailyIf you have flood, homeowners or renters insurance, you should file a claim as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If your policy does not cover all of your disaster expenses, you may be eligible for federal assistance. SBA Assistance: Small Business Administration disaster loans may be available to homeowners, renters, and businesses of all sizes in areas covered by a disaster, including the city of Kenner. For more information and to apply for SBA assistance, click here.You can contact the SBA Disaster Assistance Customer Service Center for more information at 800-659-2955 or by emailing disastercustomerservice@sba.gov.
Earlier this month a federal regulator banned Navient from servicing federal student loans and ordered the company to pay $100 million to borrowers.
The deadline for a program that could help millions of people across the country is coming up in exactly one week.