Posts Tagged: $100 billion

‘Fintechs’ and California’s mortgage market: We need a fix

Illustration of a perspn getting mortgage information online. (Image: Rawpixel.com, via Shutterstock)

by RAWAN ELHALABY and MUHAMMED ALAMELDIN posted 08.30.2021

OPINION: When Californians think about home mortgages, we typically think of banks. But the top three mortgage lenders in California aren’t banks, they’re financial technology or “fintech” lenders. Typically known as nonbanks, they generally operate online only, have no branches and take no deposits.

Gov’s recovery plan targets renters, low-income families

Gov. Gavin Newsom shown at an earlier Capitol briefing. (Photo: AP/Rich Pedroncelli)

by JOHN HOWARD posted 05.10.2021

Gov. Gavin Newsom unveiled an unprecedented $100 billion economic recovery package for California that taps state and federal money, while providing a new round of $600 stimulus checks to most Californians and covering missed payments for millions of renters.