Sunday, November 28, 2021
San Diego-based Plaza Home Mortgage recently announced that it will be rolling out its expanded non-QM lending program. Under this new offering from the company, financial lenders, brokers, and other similar agents can become more inclusive in taking in...
The Congress and the Trump administration are still in dispute about the billion-dollar proposed funding for the United States and Mexico border. Considering these talks, The Guardian reports that in December 2018, the US federal government has officially shut...
Digital lending in India continues to expand and grow with more FinTech companies taking advantage of unsecured loans for funding. The Omidyar-BCG report states that the sector is close to $100 Bn a year by 2023. Approximately 77 per cent...
Deutsche Bank is considering cuts on its U.S. equities unit, including prime brokerage and equity derivatives, in a bid to restore the confidence of unhappy shareholders about the company's performance, according to some sources who requested for anonymity. The bank's...
The Times of India reports that environment-conscious Indians can now easily get their hands on a more eco-friendly transport alternative: electric vehicles. This is because of the Indian government’s initiative to make getting auto loans easier for those interested...
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...
The global financial crisis has deeply affected the country of Australia, with home loans falling at its weakest since the mid-1890s. In January 2019, the loans slowly crept up to 0.2 per cent, the lowest level recorded since July...
According to global credit rating agency DBRS, shadow banks jump approximately 75 per cent from its level in 2010 and is now a $52 trillion sector. The term ‘shadow banking’ refers to unsecured lending to unqualified borrowers in need of...
Public protests are on-going at Beijing after the recent crackdown of 76% of China’s Peer-to-Peer (P2P) lending platforms, wiping out an estimated $217.96 billion funds from its investors. What started out as a promising venture, with its peak period...
Due to series of reports of customers and investigations conducted by the U.S. Office of the Comptroller of the Currency (OCC), Citigroup was fined $25M for denying mortgages borrowers in the basis of race, color and other factors. In 2012,...

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