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Why Did Refinancing Demand Increase Despite Rising Mortgage Rates?

Mortgage Rates Rise, Leading to Increased Demand for Refinances The demand for refinancing a home loan has surged despite the rise in mortgage rates, ....

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PTPTN to announce new M1 loan implementation method once finalised

KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) will announce the latest loan implementation method for the M40 (M1) group and laptop loan for the relevant group once it has been finalised. ....

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Buchalter COVID-19 Client Alert: New PPP Changes in the Stimulus Bill: Second PPP Loan for Hardest-Hit Existing PPP Borrowers, Additional Categories of Forgivable Expenses, Tax Deductibility for Expenses Paid with PPP Proceeds, Lender Liability Limitations, Simplified Forgiveness Application for Loans of $150,000 or Less, and Other Changes | Buchalter


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On December 27, the President signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Act) addressing changes to the rules regarding PPP loans, including making a supplemental PPP loan available to many PPP borrowers and increasing the types of business expenses that can be forgiven.
Among many other changes discussed in detail below, the Act provides the following key changes in regard to the PPP program:
– Funding to allow the hardest-hit small businesses to receive a second forgivable Paycheck Protection Program (PPP) loan (Second Draw Loan). ....

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Greek Core Banks Remained Profitable-EUROXX


Greek Core Banks Remained Profitable-EUROXX
December 10, 2020
In Q3’20, 
Alpha Bank posted profit from continued ops before taxes of €76m (Exx at €71m) vs. profits of €74m in Q2’20 on higher fees and lower impairments which offset the lower NII and weaker trading income. 
Eurobankreported Q3’20 profit from continued ops of €172m (Exx at €122m) compared to €66m in Q2’20, reflecting mainly higher non-core banking Income (above Exx estimates) which offset the lower NII due to the interest income lost post the completion of Cairo transaction. Should we account for the VRS costs, bottom line landed at €85m vs. losses of €1,223m in Q2’20 due to the negative impact from the Cairo project (c€1.3bn).  ....

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