Consumer lending growth nears two-year low

THE ANNUAL growth rate of consumer lending slowed to 9.1 per cent in November 2017 – the lowest rate since December 2015. The figures from the Bank of England reveal the rate of consumer credit has been falling gradually since peaking at 10.9 per cent in November 2016. Borrowing slowed to 9.6
See Original Article

CMS and Gateley are among nine new firms to have won places on Metro Bank's lending and securities panel. The firms join alongside incumbents Blake Morgan, Eversheds Sutherland, Dentons and Howard Kennedy. Other new additions include Bates Wells Braithwaite and Charles Russell
See Original Article

Specialist property lender LendInvest lent £500m to help professional property investors, developers and landlords buy, build or renovate c.1800 homes during 2017. This marks a 33% increase on the previous year's £375m lending record. Christian Faes, co-founder and chief executive at LendInvest,
See Original Article

… adding that a foreign buyer tax had a psychological impact on the marketplace even though foreign home buying wasn't a major driver of sales in Toronto. “Looking forward, government policy could continue to influence consumer behavior in 2018, as changes to federal mortgage lending guidelines
See Original Article

Oaktree Specialty Lending logo Oaktree Specialty Lending (NASDAQ:OCSL)'s stock had its “hold” rating reissued by analysts at Maxim Group in a research note issued on Tuesday, December 26th. Several other equities research analysts have also commented on OCSL. TheStreet raised shares of
See Original Article

The number of mortgage approvals for house buyers bounced back during November after falling to its lowest level for over a year in October, according to Bank of England figures. Analysts feared that four consecutive months of declines in the number of mortgage approvals for house purchases were a
See Original Article

Nationwide said it expected growth in British house prices to slow further to just 1 percent in 2018. Britain's housing market has weakened since the country voted in 2016 to leave the European Union. A fall in the value of the pound after the Brexit referendum pushed up inflation and added to pressure
See Original Article

LendInvest lent £500 million to help professional property investors, developers and landlords buy, build or renovate around 1800 homes during 2017. This represents a 33% increase on the previous year's £375 million lending record. LendInvest has now lent a total of over £1.2 billion to property
See Original Article

THE housing market in England is broken. Enough houses, in the right places, have not been built under successive governments over many decades. But thanks to the policies pursued by this Conservative government we are starting to see improvements. Last year, over 217,000 additional homes
See Original Article

Pune-based Social Worth Technologies Pvt. Ltd, which runs online lending platform EarlySalary, has raised Rs 100 crore ($15.7 million) in a Series B funding round led by Eight Roads Ventures India, a company statement said. Existing investors IDG Ventures India, Dewan Housing Finance Corp.
See Original Article

Former securities lending associate Thomas Fiorentino has stepped down from his role at eSecLending to become a client support specialist at Intercontinental Exchange (ICE). He will continue to be based in Bedford, Massachusetts. Fiorentino was at eSecLending for more than two years and was
See Original Article

A rise of 2.6 percent has been revealed for 2017 compared with a 4.5 percent rise on 2016, according to the Nationwide House Price Index released today. The 1.9 percent drop between 2016 – 2017 increase rise points towards the rising pressure on household incomes, but housing industry experts
See Original Article

19 letter obtained by Bloomberg, U.S. Under Secretary for International Affairs David Malpass asked IDB President Luis Alberto Moreno why he had selected China to host the bank's 60th anniversary meeting next year. “I have serious reservations about the bank's process that led to that initial decision,
See Original Article

The economy probably added 2.11 million jobs in 2017, including an estimated 190,000 workers in December, the median projection of economists surveyed by Bloomberg ahead of Labor Department data due Friday. That would exceed the roughly 1.98 million that analysts were forecasting before the
See Original Article

The Treasury last month raised questions about Beijing's overtures to the Inter-American Development Bank, a multilateral lender that works to reduce poverty and inequality in Latin America and the Caribbean, in a letter to its president obtained by Bloomberg. It's the latest sign of an intensifying rivalry
See Original Article

Several EU supervisory authorities are allowing a transitional arrangement for derivatives rules under MiFID II. The second Markets in Financial Instruments Directive/Regulation (MiFID II/R) went live on Wednesday but several major regulators were forced to allow significant reprives on derivatives rules.
See Original Article

Howard Archer, chief economic adviser to the EY Item Club, said the data supported other evidence that showed that the housing market was “currently muted and falling”. Mortgage approvals reached a 15-month low in November and the Royal Institution of Chartered Surveyors said that its members
See Original Article

The CIA chief and former Tea Party Republican from Kansas is everything Trump likes in an appointee—decisive, combative, and loyal. By. Nafeesa Syeed. @NafeesaSyeed More stories by Nafeesa Syeed. January 4, 2018, 1:00 AM PST. Pompeo testifying at his confirmation hearing as CIA director in
See Original Article

This figure represents a 33% increase in lending on the £375m recorded in 2016 and means the company has now lent over £1.2bn in total to property investors and developers. The specialist property finance lender reported that it has focused on developing more tailored loan products, adding five
See Original Article

The number of Australians in mortgage stress was on the rise at the end of 2017, with mortgage holders in New South Wales at the greatest risk, … especially as household debt continues to climb to new record levels”, adding that growth of mortgage lending at three times the rate of income was “not
See Original Article