CFPB Penalizes Lender and Broker for Kickbacks
The consumer bureau says Freedom Mortgage gave Long Island brokers and agents “illegal incentives” under RESPA, including cash, subscriptions and parties.
New SBA Small-Biz Lending Rules Started Aug. 1
SBA now allows some more nonbank lenders to offer SBA 7(a) loans, and it eased lending standards, knocking nine creditworthy criteria down to only three.
WeWork May Not Be Able to Stay in Business
The nationwide company offering co-working spaces says there’s “substantial doubt” about the NY-based company’s “ability to continue as a going concern.”
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