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Mortgage
Robert Wagnon, founder and CEO of Republic State Mortgage says mortgage originations are on pace for the best year ever. Record-low interest rates and strong demand for homes boost lenders during the COVID-19 pandemic. In the first nine months of the year, lenders extended $2.8 trillion of mortgages, according to industry-research firm Inside Mortgage Finance. The boom has extended into the final quarter of 2020, prompting analysts to predict origination volume will exceed the prior record of $3.7 trillion in 2003. Restaurant
Adam Brackman, owner of Axelrad says the restaurant and bar industry has been hit hard with COVID. Normally bars and restaurants fail because the operator had a bad concept or poor location and now they are struggling to survive through no fault of their own. It’s hard to watch this happen. Operators were forced to find their pivot and adapt to the new environment with creative solutions like mobile trucks or delivery. The PPP loans were a nic