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First-Time Buyers Lead Mortgage Loan Delinquencies Surge Via Fox Business: Mortgage loan delinquencies jumped in the second quarter, but that’s partially because the figure includes homeowners who have entered into forbearance agreements. The delinquency rate for mortgage loans on one-to-four unit residential properties increased to 8.22 percent of all loans outstanding at the end of the second quarter, according to data from the Mortgage Bankers Association. The FHA loan delinquency […]

Airline Industry On Verge Of Crash As COVID19 Money Runs Dry Via CNBC.com: Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for economic pain from the coronavirus pandemic to come in the months ahead. U.S. airlines have warned more than 75,000 employees that their jobs are at risk on Oct. 1 when the terms expire on a $25 billion federal aid […]

Brooks Brothers To Be Sold Out Of Bankruptcy For $325 million Via New York Post: Brooks Brothers will likely be sold out of bankruptcyfor $325 million this week after the storied retailer’s leading suitor hiked its offer by $20 million. The New York-based clothier picked Sparc Group LLC — a partnership between mall owner Simon Property Group and brand-licensing firm Authentic Brands Group — as its winning buyer late Tuesday […]