Hints and tips:
Related Special Reports
...Some have suggested that finance could play the role of enforcer by approving long-term loans for retrofit work as part of a mortgage....
...I mean, yeah, you do need to choose one who you like and who you trust....
...After all, they noted, that was how America exited its own 1980s Savings and Loans crisis: it auctioned bad loans via a Resolution and Trust Corporation, in a way that pulled opportunistic investors back...
...Credit cards, student loans, mortgages of any stripe, car financing, even music rights are widely securitised, but the near $3tn US universe of “commercial and industrial loans” has somehow mostly escaped...
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...The government said it would extend the tax advantages of venture capital trusts and the enterprise investment scheme by 10 years to 2035....
...A bank loan officer denies a customer a third mortgage extension, in order to get a promotion. She gets the promotion....
...Shares in KKR Real Estate Finance Trust, a US commercial mortgage Reit, fell 14 per cent yesterday after it took a loss on a Philadelphia office loan, warned of stress elsewhere in its portfolio, and cut...
...Micro Connect “communicated with us many times to gain our trust, letting us understand this way of obtaining funds”....
...We took on a business loan for £1.6mn to cover the rent, and the rest of the staff wages. We have paid back most of the loan. We simply had to ride out the pandemic....
...Europeans were hit harder by recent rate hikes than Americans because they have more mortgages and other long-term loans with floating rates....
...It added that over the past 10 years, the net asset value had grown at around 10 per cent annually. Meanwhile, shareholders questioned the payout to managers at Chrysalis in 2021....
...The analysts expect the worst mortgage-related stress to hit smaller cities. The real pain will probably surface in loans to developers....
...New York-listed Blackstone Mortgage Trust provides loans to commercial real estate groups in North America, Europe and Australia and manages $22bn in assets....
...The five-year “loan prime rate”, which underpins mortgage rates, was kept unchanged despite unanimous economist forecasts of a cut, while the one-year LPR was cut by 10 basis points rather than an anticipated...
...of our top news interviews Charlie Munger: US banks are ‘full of’ bad commercial property loans Oaktree’s Howard Marks warns of crunch time for private credit US capitalism is ‘breaking down before our...
...The service aims to simplify the process of obtaining and maintaining licences for financial services, such as business lending, mortgages, car loans and debt collection, across different US state jurisdictions...
...Credit is trust given financial form. Economic life depends on creditors believing that borrowers will pay interest on loans and return principal when it is due....
...The abrdn Financial Fairness Trust found 4 per cent of UK households had used an unlicensed or informal lender last year....
...According to social mobility charity the Sutton Trust, 30 per cent of young people now report having had private tuition, up from 27 per cent before the pandemic and 18 per cent in 2005....
...DD readers may remember the messy saga of the billionaire Barclay brothers, whose loans from HBOS went unpaid even after Lloyds’ government-brokered rescue of the collapsed mortgage lender during the 2008...
...Lender Arbor Realty Trust foreclosed on the properties in April....
...The bank has attempted to broaden its loan book by acquiring Fleet Mortgages and home-loan portfolios from other lenders including Kensington Mortgages....
...“Making very large, cheap mortgage loans will not happen going forward,” Dimon told analysts on Monday....
...“People who are renewing their mortgages are in pain. I spoke to someone yesterday, whose mortgage is being renegotiated from 1.1 per cent to 5.4 per cent, who is distraught....
International Edition