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Ill. county sues mortgage lenders, claiming fraudCBS NewsThe lawsuit claims that the companies used an electronic mortgage database system called the Mortgage Electronic Registration Systems Inc. that tracked the transfers of loans between lenders and Wall Street securities entities, thereby eliminating the ...and more » |
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Small Business: KeyBank named top lender in USTheNewsTribune.com (blog)The US Small Business Administration on Monday named Cleveland-based KeyBank as the top Large (7(a) Lender of the Year. As part of National Small Business Week, the SBA recognized 23 lenders, investors and entrepreneur-assistance groups.and more » |
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County sues mortgage lenders, alleging deceptionSTLtoday.comA southwestern Illinois prosecutor is suing 22 local and national banks and mortgage companies for allegedly side-stepping mortgage fees related to the sales of home loans. St. Clair County State's Attorney Brendan Kelly contends the accused lenders ...and more » |
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MFIs find relief in loan securitisationBusiness StandardSecuritised microfinance loans are getting grades that are better than the ratings assigned to micro lenders selling these portfolios, say analysts and those in the sector. This has persuaded banks and non-banking finance companies to buy securitised ...and more » |
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Bankers seek more promoter fundsBusiness StandardAfter a series of loan recast exercises, in which banks have taken a hit (like in the cases of GTL Infra and Kingfisher Airlines), lenders are tightening the clamps on borrowers to protect their interests. In a meeting attended by bankers and ...and more » |
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24HourPaydayLoan.com Unveils Lending Policy ArticleMidland Daily NewsUsers can rely on this free resource to explain their rights as payday loan borrowers as well as the policies that loan lenders must abide by. The site has introduced the material as part of a general effort to educate consumers about payday loans and ...and more » |
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Surge of borrowers jumping ship set to continueBroker News AustraliaHutchison said the ease of switching lenders would mean banks would have to ramp up their retention strategies. "We believe that many borrowers who have taken out a variable home loan since July 2011 will switch lenders within the first five years.and more » |
December 4, 2008
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