Lending
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Latest blogosphere posts tagged “Lending”
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Fed Rules Would Restrict Overdraft Fees on Debit Cards
Newsvine - JCAtom's Column - Articles and Seeds —
Authority: 128
"The final overdraft rules represent an important step forward in consumer protection," the Federal Reserve Chairman Ben S. Bernanke said. "Both new and existing account holders will be able to make informed decisions about whether to sign up for an overdraft service."2 hours ago -
BB&T Tops JD Power Originator Satisfaction Survey
Housing Wire —
Authority: 691
Branch Banking & Trust (BBT: 25.20 0.00%) took the top spot in JD Power and Associates’ mortgage origination customer satisfaction study.BB&T earned a score of 783 in the study, the top-ranking lender of the 23 surveyed. Wells Fargo (WFC: 28.80 0.00%) subsidiary Wachovia ranked second, with a 781 score, ...7 hours ago -
Banks leery of Treasurys lending plan
Money employment & careers - money-employment.marc8.com —
Authority: 147
Small business lending has been in freefall since the recession began. Concerned about the obstacles that places in the way of economic recovery, President Obama recently proposed a new federal effort to give community banks access to ultra-cheap government loans, which they can then use to expand their local business ...8 hours ago -
Mortgage Mergers Jump
Mortgage-Blog —
Authority: 152
Select Mortgage Group Ltd. was acquired by Wright-Patt Credit Union, an announcement indicated. Amtec Funding Group LLC is acquiring Merchants Home Loan, a press release indicated. The Memphis Business Journal reported that American Mortgage Services Inc. acquired DeSoto Home Mortgage, while Merchants & Planters ...9 hours ago -
October foreclosures up 19%
New Jersey Real Estate Report —
Authority: 127
From the WSJ: US Foreclosure Filings Up 19% In Oct, But Positives Seen The number of U.S. properties for which a foreclosure filing was received grew 19% in October from a year earlier, but declined for the third month sequentially, an indication the foreclosure tide may be turning. … Foreclosure filings - ...9 hours ago -
New regulations from FSA spark comments from Cable
The Money Stop —
Authority: 131
Spokesperson for the Liberal Democrats, Vince Cable, has recently commented on the changes that have been introduced by the Financial Service Authority with regards to mortgage lending. The changes were announced recently, and officials from the FSA said that the aim of the changes was to make mortgage lending less ...12 hours ago -
Response to the NY Times Article about Kiva
myKRO —
Authority: 106
Casey Wilson recently had a great email that she sent out about the recent articles about Kiva in the NY times that I thought was worth posting: You might have read Stephanie Strom’s article “ Confusion Where Money Lent via Kiva Goes ” in the New York Times a few days ago. This issue has been making the ...12 hours ago -
New Mortgage Lenders to Enter the UK Market | E1 BTL FINANCE News
Mortgage online —
Authority: 158
Entrance of new players onto the UK mortgage market might or might result in increased competition, brokers say. | E1 BTL FINANCE News.15 hours ago -
Ohio Whiffs Payday Putdown
Bank Lawyer's Blog —
Authority: 124
The Ohio legislatures efforts to eliminate payday lending continue to be stymied by the marketplace, where willing, if desperate, borrowers need money and willing lenders stand ready to fill that need, at rates and fees that would make Shylock green with envy. Last March , we observed that its amusing what happens ...16 hours ago -
WE CAN’T BANK ON MERVYN KING TO CONTROL THE BANKS
CALEDONIAN COMMENT —
Authority: 121
Bank of England Governor Meryvn King (pictured above) yesterday gave a gloomy forecast, warning that the UK economy had “only just started along the road to recovery”. Presenting the Bank’s quarterly inflation report, he highlighted the long-term damage to the public finances by the record Government borrowing ...19 hours ago -
27% of UK Buyers Save with Mortgage Tax Moratorium: CML
Housing Wire —
Authority: 691
While many are crediting the first-time homebuyer tax credit as a boon for the US housing market, a moratorium on UK mortgage tax is getting similar praise across the pond.The land stamp duty is a tax imposed on UK mortgagees and varies depending on the purchase price of the home. In 2008, the minimum purchase [...]23 hours ago -
CalPERS Takes Huge Hit to RE Portfolio
Square Feet —
Authority: 551
CalPERS has taken a huge hit to its real estate portfolio according to The Registry.At the end of March, the pension fund placed a net-asset fair-market value on its real estate holdings of $17.6 billion. Three months later, the retirement system said the value had fallen by nearly a quarter to $13.4 billion.Amongst ...1 day ago -
Refinancing Interest Boosts MBA’s Weekly Mortgage Apps
Housing Wire —
Authority: 691
The rate of mortgage applications initiated increased in two weekly surveys.The Mortgage Bankers Association (MBA) index of gross mortgage applications increased 8.2% on a seasonally adjusted basis for the week ending Oct. 30.MBA’s refinance index increased 14.5% from the previous week. The association’s purchase ...1 day ago -
Builders’ Results Show Return to Profitability, Increased Contracts
Housing Wire —
Authority: 691
Atlanta-based homebuilder Beazer Homes USA (BZH: 5.6301 +10.39%) returned to profitability in its fiscal year fourth quarter, posting income from continuing operations of $35.3m, or $0.87 per diluted share.The profits from Beazer’s FYQ409, which ended Sept. 30, compare to losses of $27.9m in FYQ309 and $453.8m in ...1 day ago -
Appraisers Travel Average 13 Miles, Says AMC Trade Group
Housing Wire —
Authority: 691
The average driving distance for an appraiser completing a job for an appraisal management company (AMC) was 13 miles in urban and suburban areas this year, according to a new study conducted by an AMC trade group, the Title Appraisal Vendor Management Association (TAVMA).TAVMA’s membership, which includes some of ...1 day ago -
Homeowners Reduce Asking Price 10% on Average
Housing Wire —
Authority: 691
The sellers of more than 25% of homes currently on the market in the US reduced the asking price of their home at least once in the past 12 months, according to San Francisco-based real estate search firm Trulia.The national average price reduction was 10%, but more than 40% of the top 50 major metro [...]1 day ago -
Over $1 Trillion In Excess Reserves? Not A Problem According To Goldman Sachs
zero hedge —
Authority: 763
As we pointed out recently , excess reserves at banking institutions have hit yet another all time record over $1 trillion, courtesy not just of the Feds burgeoning reliquification efforts via direct asset purchases, but also due to its strategy to wind down the SFP program , and keep the Federal debt level under ...1 day ago -
The Center for LESS Responsible Lending
Big Government —
Authority: 805
If the road to Hell (or serfdom) was paved with good intention (and economic ignorance) then surely that road starts at the North Carolina doorstep of the Center for Responsible Lending. Haven’t heard of it? Not surprising. It’s less well-known than ACORN and SEIU, but its actions have terrible consequences for ...1 day ago -
Hard money loans, what’s it all about?
lets-talk-business —
Authority: 125
We all know banks are not lending money. We also know that the few opportunities that may exist fr borrowing are made much more difficult by the banks requiring better credit then ever, and many of you have suffered credit hits because of the current downturn, reduced revenues and increased overhead expenses. Thus ...1 day ago -
Central Bank Tightens Policy A Notch, But What Is It Saying About The Yuan?
China Bystander —
Authority: 123
Pay less notice to the latest monthly industrial production and retail sales figures — both up 16% in October from a year before, with the trade surplus almost doubling from September, to $24 billion, as the contraction in exports eased to its slowest pace this year — and more to the subsequent statement by the ...1 day ago