ASIC Offers Clarity on Responsible Lending Obligations

ASIC Offers Clarity on Responsible Lending Obligations

ASIC (Australian Securities and Investments Commission) has published updated guidance offering clarity to lenders and brokers in meeting their
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RepoClear clears first variable rate repo indexed on €STR

… the Euro OverNight Index Average (EONIA), which was previously the preferred overnight rate of all overnight unsecured lending transactions.
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Zurcher Kantonalbank Zurich Cantonalbank Has Lowered Its Arch Cap Group LTD (ACGL) Holding …

O : KBW RAISES TO OUTPERFORM FROM MARKET PERFORM; 13/03/2018 – Arch Capital Group Ltd. Confirms Participation in Freddie Mac's New
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GM lending $40M to startup company buying closed Ohio plant

General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant
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Trump Investigation Was Justified, Inspector General Report Says, While Citing FBI Errors

The Federal Bureau of Investigation acted properly when it began a broad investigation into whether then-candidate Donald Trump or people around
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Gundlach: The 2020s will see 'real turmoil' as US debt woes come home to roost

In a recent discussion with Yahoo Finance, Gundlach compared the current expansion to the boom that took place nearly 100 years ago. But the next
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Biz EOD: GST filing streamlined; India imports 36000 MT of onions; SBI cuts lending rates

SBI has announced a cut in the marginal cost of funds-based lending rate (MCLR) by 10 bps for its 1 year MCLR. Read for more top stories from the
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Consumer housing confidence rises as buying conditions strengthen

With more consumers believing it's a great time to buy a home, the Home Purchase Sentiment Index had its best November since the index's release
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How to Buy a House with No Credit

Your credit score is a three-digit number lender use to determine your … You may have heard of lenders turning people away for a mortgage because
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Opinion: Fannie Mae and Freddie Mac make the 30-year mortgage possible

Thirty years is a very long time. Over three decades, economic conditions will change and change again. And so, in all likelihood, will a person's
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Pennsylvania bank to open Arena District office, bring 50 jobs to Columbus

The office will primarily focus on mortgage loan production, an expansion of a small presence it established at 1 Easton Oval earlier this year.
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Concentration of VA loans in Ginnie Mae MBS issuance exceeds 40%

The share of Department of Veterans Affairs-guaranteed loans in Ginnie Mae mortgage-backed securities issuance rose to 42% in the most recent
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An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money

Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model.
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Zillow Offers Expanded in Southern California

Zillow has announced the expansion of its Zillow Offers service in Southern California, including the Inland Empire (Riverside) and San Diego markets
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Payday lenders have embraced installment loans to evade regulations – but they may be even worse

Because installment loans are repaid in biweekly or monthly installments over a period of six to nine months, lenders say consumers are better able to
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Why so many black business professionals are missing from the C-suite

In 2012, there were six black Fortune 500 CEOs. Today there are three: Kenneth Frazier of Merck, Roger Ferguson of TIAA and Marvin Ellison of J.C.
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Sterling in Michigan suspends mortgage program

Sterling Bancorp in Southfield, Mich., has suspended one of its residential lending programs. The $3.3 billion-asset company said in a regulatory filing
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Volunteers Lend A Hand To Clean Up Gibson Ranch

ELVERTA (CBS13) – Volunteers gathered at Gibson Ranch Regional Park in Elverta over the weekend to help finish some cleanup and restoration
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Amazon Says They Lost a $10 Billion DoD Contract Because Trump Sees Bezos as a 'Political …

Amazon claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to $10 billion because President Donald Trump viewed company
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A 64-year-old who hasn't touched his savings in 5 years of semiretirement has 2 suggestions for …

He said this lifestyle and mind-set helped him avoid feeling a financial … to data from the credit-reporting bureau Experian, the average mortgage-loan
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