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
View ArticleSpirit 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")....
View ArticleNevada 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...
View ArticleSummer 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
View ArticleThe 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...
View ArticleEDCAP 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...
View ArticleA 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...
View ArticleDealership-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...
View ArticlePomerantz 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...
View Article30- 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
View ArticleCatella 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...
View ArticleDavis 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...
View ArticleCIM 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...
View ArticleCBA 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...
View ArticleCrescent 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
View ArticleAuto 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...
View ArticleOhio 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...
View ArticleNew 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
View ArticleExperian 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...
View ArticleStudy 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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