Linkage: Coronavirus money advice & stimulus updates
Today’s Linkage covers coronavirus money advice, economic outlook, and then good old fashioned banking and fintech news like normal. Beginning today’s Linkage with my advice on the New York Times on how to avoid mortgage refi rate lock extension fees. Then some links about the markets from the Ritholtz Wealth Management crew, which get right to the realities of how to handle your money in this market.
From there, we get into the economic outlook which is being rapidly revised in real time, and then dive into more normal news about banking, lending, fintech.
Please send me anything you’re seeing that’s been helpful to your decision making process.
CORONAVIRUS MONEY ADVICE & STIMULUS UPDATES
- Fed cuts to zero, commits to buying "at least" $500b in Treasuries and $200b in mortgage bonds to keep rates low(bloomberg.com)
- This means more refis. See my advice in NYT on how to avoid mortgage refi rate lock extension fees(nytimes.com)
- You no longer need to meet face to face to get coronavirus housing relief (dsnews.com)
- List of banks offering relief to customers impacted by Coronavirus(forbes.com)
- What past recessions teach us about how a coronavirus recession might impact stock market (awealthofcommonsense.com)
- Hello Darkness My Old Friend - wealth manager Josh Brown on how his firm is advising clients right now(thereformedbroker.com)
- Coronavirus Will Change How We Shop, Travel and Work for Years(bloomberg.com)
- The psychology of a bear market(theirrelevantinvestor.com)
FINTECH, BANKING, STARTUP, M&A NEWS
- Digital bank Chime Has Now Raised $700 Million in its Most Recent Funding Round(crowdfundinsider.com)
- Zumper raises $60M to double down on tech to grow its apartment rentals platform(techcrunch.com)
- SpotOn taps $50M to take on Square and more in payments and financial services for SMBs(techcrunch.com)
- Intuit may buy more fintechs after Credit Karma. Finicity is a great sale candidate(barrons.com)
- Warburg/Fiserv-backed Sagent hires new CEO to compete with mortgage servicing giants like Black Knight (nationalmortgageprofessional.com)
- Realtor.com launches home value competitor to Zillow to help drive more borrower leads(housingwire.com)
- Too Big To Fail Is Alive and Wells(americanbanker.com)
- The Robber Bank - can America ever rid itself of Wells Fargo?(slate.com)