Mauricio Umansky Under Fire in $3.5 Million PPP Loans Lawsuit

Mauricio Umansky Under Fire in $3.5 Million PPP Loans Lawsuit

New year, same lawsuit. Kyle Richard’s estranged husband, Mauricio Umansky, is still wrapped up in a messy lawsuit with a company called Relator LLC. They’ve accused him and The Agency of taking out a $3.5 million PPP Loan that they didn’t need. Remember, those were the forgivable “paycheck protection” loans given out to businesses to … Read more

SBA approves $18.5 million in Iowa loans in December 2024

U.S. Small Business Administration (SBA) loans Iowa

The U.S. Small Business Administration (SBA) has released its monthly loan approval figures in Iowa for the month of December 2024, including loans to several businesses in the Corridor area. Businesses receiving loan approvals from the SBA in December include: Guru Nanak Enterprise Inc. of Vinton, which was approved for a … Read more

North Dakota Agency Retains top FHA Loan Servicer Ranking

North Dakota Agency Retains top FHA Loan Servicer Ranking

(North Dakota Housing Finance Agency provided image)   (KNOX) – North Dakota Housing Finance Agency (NDHFA) was ranked a Tier 1 Federal Housing Administration (FHA) loan servicer for FY 2024 by the U.S. Department of Housing and Urban Development’s (HUD) National Servicing Center. “North Dakota Housing Finance Agency offers affordable financing options, including government-backed loans, … Read more

Bank Of America Buys Nearly $1B Multifamily Loan Portfolio At 8% Discount

Bank Of America Buys Nearly $1B Multifamily Loan Portfolio At 8% Discount

Residential lender HomeStreet waved goodbye to 2024 by selling nearly $990M in multifamily loans to Bank of America. HomeStreet Bank Headquarters in Seattle, Washington. The Seattle-based company offloaded the loans for an 8% discount to their unpaid balance, bringing in about $906M of proceeds in the transactions from Bank of America. Most of the proceeds were used … Read more

Vallejo City Council creates business loan program after no confidence vote on $245K economic plan

Vallejo City Council creates business loan program after no confidence vote on $245K economic plan

VALLEJO – The Vallejo City Council scrapped a spending proposal that was part of its recently adopted economic strategic plan and instead voted unanimously to use the funds for a low-interest loan program for Vallejo businesses on Monday. The council reluctantly adopted the economic strategic plan on Dec. 17 after councilmembers and residents criticized it … Read more

Chicago’s Largest Commercial Real Estate Loans of 2024

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Financiers once again leaned into Chicagoland’s data center market to make the region’s largest real estate loans of 2024, a repeat of last year. Judging from the list of Cook County’s biggest property debts issued over the last year, lenders are most highly valuing the infrastructure of the internet enabling the world’s increasingly virtual economy … Read more

Success Real Estate closes, head of firm sued by realtors

Some former realtors affiliated with a now-shuttered Marshfield real estate company are suing the owner.

A dozen realtors have filed suit against a Marshfield man who abruptly closed his real estate company last month and allegedly withheld nearly $500,000 in commissions and loan repayments from them, according to legal filings. The lawsuits were filed Dec. 30 in Plymouth Superior Court against Stephen D. Webster, 62, and his now-defunct company, Success … Read more

CFPB, BNPL Providers Set to Clash Over Regulations in 2025

CFPB, BNPL Providers Set to Clash Over Regulations in 2025

The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive rule issued last May further legitimizes short-term installment loans as an increasingly mainstream form of credit. At the same time, the CFPB seeks to set “guardrails” on the offerings that … Read more

3 safety features home equity loans offer borrowers now

3 safety features home equity loans offer borrowers now

Home equity loans can protect against market conditions more effectively than some alternatives now. Getty Images If you’re looking to borrow money for 2025 and already own a home that’s appreciated, then your home equity may be your optimal borrowing option right now. With a home equity loan or home equity line of credit (HELOC), … Read more