Photographic Walkarounds

Lower rates for all loans

If you are considering refinancing your home loan, you may want to know the trend for average mortgage refinance rates. You can make the decision to refinance when rates drop to save more than your current loan interest rate. Check out today’s average mortgage refinance rates for Tuesday, September 14: …

Read More »

Banks opt out of PPP loan forgiveness

At least three big banks have opted out of a new process to get Paycheck Protection Program loans canceled directly by the Small Business Administration, The Intercept has learned, leaving their small business clients no other recourse if the banks refuse to cancel loans or drag out the process. Bank …

Read More »

Average student debt of 50 to 61 borrowers

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. There are many less 50 to 61 year olds who still have student debt compared to younger …

Read More »

New scams target VA home loans

TEMPLE, Texas (KWTX) – The Department of Veterans Affairs is warning veterans of a new scam targeting money for VA guaranteed home loans. The crooks pretend to be with the VA or a mortgage company, trying to convince veterans to refinance their homes, accept a loan modification, or even start …

Read More »

Auto loans think outside the box

Prices for new and used vehicles are reaching record highs, supported by a semiconductor shortage that has limited auto production as consumers eager to get out and buy them. Used cars and trucks were 45.2% more expensive in June than they were a year earlier, while new cars were 5.3% …

Read More »

Student loan refinancing rates now start at less than 2%. But here are 5 questions to ask yourself before you refinance

MarketWatch has promoted these products and services because we believe readers will find them useful. We may earn a commission if you purchase products through our links, but our recommendations are independent of any compensation we may receive. Refinance Your Student Loans, Especially In Today’s Low Interest Rate Environment – …

Read More »

Credit unions show momentum in auto loans

Source: Isamare / Shutterstock Credit union auto loan portfolios in May posted their largest month-over-month increase since May 2018, ending a string of poor results. CUNA’s monthly credit union estimates released this week showed credit unions held $ 392.8 billion in auto loans as of May 31, up 1.2% from …

Read More »

Governor signs bill to re-oversee Missouri’s clean energy loan program • Missouri Independent

Representative Bruce DeGroot, R-Ellisville, speaks upstairs in the House. (Photo by Tim Bommel / House Communications) Missouri Governor Mike Parson signed a law on Tuesday adopt new consumer protections for a clean energy loan program which has sparked criticism that it disproportionately harms borrowers in predominantly black neighborhoods. The legislation, …

Read More »

Pakistani fintech startup Creditfix secures seed funding to provide loans to the unbanked, led by Insitor Partners

This landmark agreement marks Insitor Partners’ inaugural investment in Pakistan and Pakistan’s first-ever international convertible loan facility. SINGAPORE, June 28, 2021 /EINPresswire.com/ – Pakistani Fintech start-up Creditfix has announced that it has secured an undisclosed amount of seed funding as part of a round led by venture capital fund Insitor …

Read More »

Merchants Capital closes $ 262 million Freddie Mac loan

“Our strong expertise in mortgage banking services uniquely positions us among other regional banks across the country,” said Evan Gibson, vice president of debt strategies at Merchants Capital. “We use our balance sheet wisely, finding opportunities for liquidity and flexibility where possible. The ability to use the Freddie Mac Q …

Read More »

Federal government says trucking business owner bought house and cars with P3 loan

Pennsylvania trucking company owner faces wire fraud and money laundering charges after federal prosecutors claim he used $ 467,000 of funds obtained through US Small Business Administration Paycheque Protection Program (PPP) to buy residential property, two vehicles and stock market investments. Federal prosecutors say Keith McConnell, 43, of Carlisle, Pa., …

Read More »

GCAR ABS subprime auto loan

A pool of subprime auto loans on new and used vehicles will guarantee $ 559.9 million in asset-backed securities, the sixteenth securitization of Global Lending Services since their market launch in 2014. Global Lending Services grants loans through franchised and independent car dealerships, and CLS 2021-2 pool loans have a …

Read More »

Fed report: PPP loans have gone disproportionately to high income areas – Business Journal Daily

CLEVELAND – A report by two economists at the Cleveland branch of the Federal Reserve found that undergraduate loans from the Paycheck Protection Program were disproportionately going to high-income areas. Although the relief program reached low and moderate income communities better than conventional small business loans, data analyzed by Cleveland …

Read More »

5 ways to identify personal loan scams

Find out ways to identify personal loan scams to prevent fraudulent businesses from taking your hard-earned money. (iStock) In 2020, there were 99,667 reports of identity theft for business and personal loans, according to the Federal Trade Commission. This represents an increase of 127% over the previous year. If you …

Read More »

Virus Adds Customers to Online Loan Sites

NEW YORK – Some small businesses forced to turn to online lenders for pandemic relief are making these niche players a bigger part of their financial game plan and are even considering getting rid of their traditional banks altogether. Loans from online lenders have saved thousands of small business owners …

Read More »

Banks consider loans to SMEs worth Bn100 billion

Banks consider loans to SMEs worth Bn100 billion The group partners with professional associations Several stores in Bangkok’s Pratunam Market are temporarily closed due to a lack of shoppers. Businesses across the country are struggling due to the outbreak. (Photo: Somchai Poomlard) The Thai Bankers Association (TBA) has pledged to …

Read More »