Senators approve bill capping interest rates for mortgage, consumer loans

The senators have passed a draft bill designed to limit the effective interest rate (DAE) for mortgage and consumer loans. According to the version adopted by MPs, the DAE for mortgage loans will not be able to exceed 2.5 times the key interest rate set by the National Bank of Romania (BNR).
See Original Article

The composite index1 for the 2017Q4 Emerging Markets Bank Lending Conditions Survey reached 51.2 pts, increasing by 0.4 pts compared to 2017Q3. This is the highest index level recorded since 2011Q2. With this reading our headline index has stayed in expanding territory for two consecutive
See Original Article

The speaker is Trent D. Brooks, the recently named president of RED Mortgage Capital, LLC and head of the lender's national production initiatives. The “space” he speaks of is known as “workforce housing”. “Simply put, demand for workforce and affordable housing by far outpaces supply,” he says.
See Original Article

One of the world's longest flights faces the potential chop unless Qantas Airways Ltd. and American Airlines Group Inc. get their way with U.S. regulators. The airlines have asked the U.S. Department of Transportation a second time to approve a joint venture with antitrust immunity in their bid to deepen
See Original Article

Warren Buffett auctions a lunch date for charity every year, and the winning bid usually stretches to seven figures. He twice sold his used cars to fans for multiples of their Kelly Blue Book value. Someone once even paid more than $200,000 to purchase his old wallet. (It had a stock tip inside.) For those
See Original Article

The company, which told Bloomberg it plans to release a full report on the issue later Tuesday, announced in 2016 it will stop buying bonds of six state-owned companies because of concerns over governance. Last month it said it wasn't ready to start lending again to cash-strapped Eskom Holdings
See Original Article

… a research professor of law at Boston-based Suffolk University and an expert in consumer credit and mortgage finance. “They try to collect the debt.” Johns Hopkins University professor Gerard Anderson, an expert on health-care pricing, has a related concern. “What's the charge [lenders are] using to
See Original Article

Its a non-profit organization that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries. Kiva's mission is “to connect people through lending to alleviate poverty. Since 2005, Kiva has crowd-funded more than a million loans, totaling over $1 billion .
See Original Article

A new bill before the Philadelphia city council would close a loophole that its author says unfairly targets reverse mortgage borrowers. The proposed legislation, introduced by Councilwoman Cherelle Parker, would prevent reverse mortgage lenders from foreclosing upon homes whose owners have
See Original Article

Royal commissioner Kenneth Hayne will examine some settled legal cases when the hearings on bank mortgage fraud and irresponsible lending kick off next month. Settlements with customers can provide strong evidence of bank misconduct. Recent letters sent to the major banks by the financial
See Original Article

The fraud estimated at $2 billion at one of the nation's biggest banks, allegedly perpetrated by jewelry house owner Nirav Modi, is reminiscent of a diamond company that defaulted five years ago, leading to credit tightening for the industry, India's second-biggest foreign exchange earner.
See Original Article

Disney Chief Executive Officer Bob Iger called Sky a “crown jewel” among Fox assets in a December interview with Bloomberg TV. “It's obviously a huge gauntlet that's been laid down to the Murdochs in relation to their pre-existing offer,” said Alice Enders, head of research at Enders Analysis.
See Original Article

Starwood Capital Group and Land Strategies Management have acquired a portfolio of residential and commercial real estate assets from Forestar Group for $232 million. The acquisition was made via a joint venture. The assets are located in markets that include Texas, Charlotte, Nashville, Raleigh
See Original Article

The Bank of Mum and Dad is increasingly looking at mortgage products that get their children on the property ladder, but free them from paying stamp duty. Joint borrower sole proprietor (JBSP) mortgages have grown in popularity since the government removed stamp duty for most first-time buyers, says
See Original Article

Half of mortgage scheme queries from Dublin. Hugh O'Connell. By Hugh O'Connell Feb 11, 2018. Share this article: Half of mortgage scheme queries from Dublin. More than 2,000 people have called the Rebuilding Ireland Home Loan Scheme helpline and there have been more than 90,000 hits on its
See Original Article

Sandy before we start launching some from things I've got and then we're gonna talk a little bit later today about some different lending. Trends for Tony eighteen. One of the most important points that. I am stressing with buyers. Because purchase money mortgage hey do you wanna buy a house where
See Original Article

Guggenheim reiterated their hold rating on shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) in a report issued on Wednesday, January 31st. They currently have a $28.00 price target on the financial services provider's stock. Several other equities analysts have also recently issued
See Original Article

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.63, from 1.67 in 2017Q2. It fall, as 2 investors sold Investors Title Company shares while 22 reduced holdings. 9 funds opened positions while 16 raised stakes. 786,425 shares or 0.61% less from 791,260 shares in 2017Q2 were reported.
See Original Article

It operates through Personal Banking, Commercial Banking, Treasury, Overseas Banking, and Insurance divisions. It has a 2.99 P/E ratio. The Personal Banking segment accepts deposits from individual customers; and provides residential mortgage loans, personal loans, overdrafts, vehicle financing,
See Original Article

Clark added there is plenty of potential for more to come into the new home market. Studies have shown there are about 2,000 in the local workforce who drive daily to Austin. The city would benefit greatly if they decided to move or build here. He heard from some applicants that unless the incentive was
See Original Article