Britain’s biggest supermarket chain Tesco has recently announced its plans to stop mortgage lending. The company’s decision stems from having numerous competitors in the industry partnered with challenging market conditions.
According to a report from Reuters, Tesco Bank is looking...
In a press release dated on May 20, 2019, Ellie Mae announced that its company is expecting to release a new Encompass Digital Lending Platform. According to the company, version 19.2 of their platform will target lenders and the...
More than 300 college seniors at Morehouse College in Georgia were left in awe after billionaire investor Robert F. Smith said in his commencement speech that he will pay off their student loans.
In his speech, Smith said, “On behalf...
The number of American homeowners who fell behind in paying their mortgages in the first quarter climbed from an 18-year low at the end of last year, the Mortgage Bankers Association (MBA) said.
The delinquency rate grew to 4.42% in...
Mortgage solutions company Angel Oaks is reportedly amplifying its correspondent lending services by implementing advanced technologies and infrastructures, says The Associated Press. This improvement is also expected to be combined with the high-rate workforce, which is set to facilitate...
The value of new home loans fell by 3.2% fall for the month of March, expunging February’s 2.2% rise.
According to a record released by the Australian Bureau of Statistics this Monday, the value of mortgage lending for this month...
The fintech industry has been creating new and innovative developments in the crypto and lending sectors. Just recently, blockchain company Tron Foundation revealed that it has been working with Cred to incorporate money lending and borrowing in its services,...
There has been a massive change in home loans in some of Australia’s dead zones.
According to the Digital Finance Analytics or DFA, location is a major factor for banks to allow home loans or mortgages. Some of these lenders...
Struggling Chinese peer-to-peer (P2P) lenders see hope for recovering with a revamped model.
Industry players are looking to adopt a model like the one used by US P2P lenders wherein platforms seek funds from banks and institutional money managers to...
Amazon recently launched the company’s new lending service in China. The program titled Lending Referral Program is slated to connect sellers to a lending entity within China.
This breaking news follows Amazon’s decision to close its marketplace in the country,...
