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USDA Launches New, Streamlined Process for Private Lenders to Invest in Rural...

Trump Administration Keeps Promise to Cut Red Tape and Increase Private Investment in America’s Rural Communities.read more

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Spirit AeroSystems Closes Private Offering of $500 Million 5.500% Senior...

Concurrent with the closing of the offering, Spirit closed on its previously announced senior secured term loan B credit facility in an aggregate principal amount of $400 million (the "Term Loan")....

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Nevada Man Admits Role in Defrauding Banks in $9 Million Shotgun Mortgage...

NEWARK, N.J. – A Henderson, Nevada, man today admitted his role in a scheme to use bogus information and simultaneous loan applications at multiple banks – known as “shot-gunning” – to attempt to...

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Summer surge in mortgage applications puts 2020 on course for 216bn of lending

Lenders will agree 1.2 million mortgages this year, but they will need to rely on data to manage challenges posed by Covid-19read more

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The Never-ending Sequel to Fair Lending: Fair Servicing

Credit unions continue to help members by modifying loans, lowering fees, allowing skipped payments and offering other options for assistance. The compliance team has written plenty of blogs about...

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EDCAP Director Carolina Rodriguez Receives Woman of Distinction Award

The Community Service Society is pleased to congratulate  Carolina Rodriguez , who received the NYS Senate District 6 Woman of Distinction award from Senator Kevin Thomas for her accomplishments and...

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A model of Port City Colombo in Sri Lanka, funded with US$1.4 billion in...

On 13 November, the finance ministers and central bankers of the G20 will hold an extraordinary meeting to discuss action to help poor countries struggling to pay debts. A key issue will be getting...

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Dealership-Based Auto Finance Faces Permanent Challenge as Digital and Direct...

That meeting with the auto dealership’s finance department—the one in which vehicle buyers are presented with the dealer’s recommended financing options and offered add-ons—is evolving to more of a...

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Pomerantz Appointed Lead Counsel in LexinFintech Securities Litigation

On November 19, 2020, U.S District Judge Michael H. Simon of the District of Oregon appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Matthew P. Castner in In re LexinFintech Holdings...

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30- and 60-day delinquency rates improve in Q3 2020, as the automotive...

Despite smaller percentage of financed vehicles, outstanding loan balances grew 2.8% year-over-year to more than $1.2 trillion.read more

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Catella Capital Market Tracker DEBT 2020

Margin pressure, risk provisioning and increased reports of "presumed overvaluations" currently describe the commercial real estate markets. The messages that financing institutions in Europe are...

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Davis Polk welcomes Finance partner Nicholas Palumbo

New York, January 27, 2021 – Davis Polk today announced that Nicholas Palumbo, a leading private credit and direct lending finance lawyer, has joined the firm as a partner in the Finance Group in New...

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CIM Group Originates More Than $2 Billion in Commercial Real Estate Loans In...

LOS ANGELES--CIM Group, a community-focused real estate and infrastructure owner, operator, lender, and developer, announced today that it originated approximately $2.2 billion of commercial real...

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CBA Statement on Latest Student Debt Resolution

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Senate Democrats proposed eliminating $50,000 of student debt without a serious attempt to...

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Crescent Lenders Funds Purchase of $3.5 Million Dollar SFR

Crescent Lenders recently funded a 1st position loan for the purchase of a single-family residence in Huntington, Beach, California. read more

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Auto Dealers Give High Marks to Commercial Lenders, but Opportunities Exist...

Auto dealers rely on commercial lenders to keep their lots full, but when those lenders get the dealer satisfaction formula right, they stand to attract even more business from dealers. According to...

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Ohio consumers need Congress to repeal rent-a-bank rule

Yesterday, United States Senators Sherrod Brown (D-OH), Chris Van Hollen (D-MD), and U.S. Rep. Chuy Garcia (D-IL) announced their intention to introduce a Congressional Review Act to repeal the...

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New Study Shines a Light on Beijings Secretive International Lending Program

An unprecedented cache of documents shows that Chinese loan contracts have unusual secrecy provisions, collateral requirements, and debt renegotiation restrictions.read more

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Experian launches loans from non-profit community lenders

First time that eligibility is available for these loans via a major comparison provider. Experian wants to help those who have limited eligibility for mainstream loans to avoid high-interest-rate...

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Study Highlights How Credit Scoring Impacts Fair Lending, Minority...

WASHINGTON (April 8, 2021) – The use of new data to determine prospective buyers' creditworthiness will increase opportunities for homeownership among Black and Latino Americans, according to new...

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