Prestige Predators: Private Equity Cashes In On Payday Lending

Payday lenders are more than a scourge of low-income communities. To illustrious financiers, they are also tacky and cheap. It is not so much that high finance disapproves of exploitation. But important capitalists move among other important capitalists. It doesn't take much ingenuity to squeeze money
See Original Article

Bain Capital unveiled its new real estate investment operation Friday, a $3.4 billion portfolio and 22 staffers that it took over for the Harvard University endowment fund. Faced with sluggish returns, the chief executive of Harvard Management Co., N. P. “Narv” Narvekar, has been overhauling the storied
See Original Article

If you're looking to buy or sell a home, the San Antonio Board of Realtors tells us you're going to find a strong housing market. The agency released numbers for November which show a significant increase over home sales a year ago. More than 2,300 homes were sold last month, a jump of 7 percent
See Original Article

The securities lending industry's long-running concerns over the negative effect of a European financial transaction tax on revenues are at risk of being disregarded by French officials looking to tackle climate change. In an opinion piece published in Europe1 this week, France's finance minister Bruno
See Original Article

Fleet Mortgages chief executive Bob Young has taken a swipe at so-called 'innovators' who go up the risk curve by lending at a higher loan-to-value. While Fleet has kept stress testing buy-to-let business at 125% at 5% this year, unlike a number of other lenders, Young (pictured) felt the bigger problem
See Original Article

Huawei has already tried selling its flagship Mate 9 phone in the U.S. via e-commerce websites like Amazon.com, but working directly with wireless partners would give China's No. 1 phone maker a wider presence across the U.S. through retail stores, carrier websites and TV commercials. Huawei is in
See Original Article

One, residential real estate has seen significant headwinds for the last few years with many stuck with no liquidity and even loss of capital in some cases. Pant explained that at every opportunity investors are looking to reallocate from real estate to financial assets. Two, domestic interest rates from fixed
See Original Article

“2017 was the first year that we've had synchronized global growth and inflation is a lagging indicator and now with developed market unemployment rate at a 40-year low, it's a matter of time,” Naeimi told Bloomberg Television. “Not only investors, but the central banks, will be surprised that inflation will
See Original Article

May received a round of applause from her fellow leaders. Bloomberg's Anna Edwards reports from Brussels. The first six months of Brexit negotiations were the easy part. The European Union's 27 remaining countries surprised themselves by defying years of talking at cross purposes to hold a united
See Original Article

On Thursday, CBC News reported on the unfortunate fate of a Canadian man's sizeable inheritance: He never received it, due to a lost package. Lorette Taylor's father had died and left his children a large chunk of cash, which Taylor, as executor, had to divide between herself and two siblings.
See Original Article

Scanning the road from a police armored vehicle, Martine Epopa says she isn't fazed when people make throat-slitting gestures at her United Nations convoy patrolling the capital of the Central African Republic. Sometimes men jump in the road brandishing machetes, while others just stand and scowl,
See Original Article

Sign up to receive the Brexit Bulletin in your inbox, and follow @Brexit on Twitter. The European Union's united front on Brexit is set to splinter as negotiations move on to trade. That's not necessarily a good thing for Britain. The EU's 27 remaining countries surprised themselves by defying years of talking
See Original Article

MBA added the provision would require mortgage servicers to pay tax on the MSRt when it is created, not when the cash is received as under current law. For originator that retain servicing rights, this would create a zero tax basis that results in a large tax liability. Tax payment would be due to the IRS at
See Original Article

BidaskClub downgraded shares of MGM Resorts International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st.
See Original Article

ST. CHARLES, Mo. — The Latest on President Donald Trump's speech promoting the Republican tax plan (all times local):. 2:40 p.m.. President
See Original Article

But once he gets to the FHA, Montgomery may find it more difficult to be as innovative under the Trump administration as he was when he was commissioner under President George W. Bush — particularly when it comes to reducing mortgage insurance premiums on FHA single-family forward loans.
See Original Article

“Next year will set the stage for a significant inflection point in the housing shortage,” said Javier Vivas, Director of Economic Research for Realtor.com. “Inventory increases will be felt in higher priced segments after spring home buying season, which we expect to take hold and begin to provide relief for
See Original Article

The central bank said new mortgage lending rules from financial regulator OSFI due to take effect in January could disqualify about 10 percent of
See Original Article

The Latest: New Mexico Delays Rules on Predatory Lending. Full implementation has been delayed for a New Mexico law that protects against predatory lending by lowering maximum interests rates on small, short-term loans. Nov. 29, 2017, at 3:52 p.m.. The Latest: New Mexico Delays Rules on
See Original Article

The market cap of 63.74B for Mondelez International, Inc. in today's market indicated its current strength, making the company's shares a lucrative one.
See Original Article