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Tighter Lending Standards Are Here
2008-05-06 23:31:00 We've been talking about the tighter lending standards for a while. Here is a little evidence of it from the MailTribune:The Federal Reserve reports that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis.The Fed reported Monday that the percentage of banks reporting tighter lending standards was near historic highs for nearly all loan categories.The survey, conducted in April, found that nearly two-thirds of banks surveyed had tightened lending standards on traditional home mortgages with 15 percent saying those standards had been tightened considerably.The current credit crisis began last year with rising defaults in the market for subprime loans. Many of those subprime loans were packaged into mortgage-backed securities and sold to investors around the world.Those investors, however, have pulled back from the subprime market and from other types of credit as losses have soared w...
Fed Opens Yahoo Lending Facility (YLF)
2008-05-04 13:06:00 When the Microsoft-Yahoo news came out last night, I suggested that "the Fed ought to kick in the additional $8 billion or so to make this happen." Someone on the the Yahoo message boards of YHOO itself took the idea a step further: >
By: mini wisdom
How does the Stock Lending and Borrowing mechanism operate?
2008-04-27 00:12:00 How does the Stock Lending and Borrowing mechanism operate?In Securities Lending, the legal title of a security is temporarily transferred from a lender to a borrower. The lender retains all the benefits of ownership, other than 8 Vote(s)
By: Market Buzz
Stock Lending Borrowing
2008-04-23 22:59:00 Sanjay Bhatia, Director, JM Financial Services feels that for shortselling to pickup there need to be excesses in the market. He believesthat there has to be a mechanism which is going to provide liquidityon the borrowing and the11 Vote(s)
By: Market Buzz
Lending Tree lead data stolen - do you know where your social security numb
2008-04-23 15:49:00 Talk about scary. We all knew that LowerMyBills.com and LendingTree.com provided for a ‘less-than-ideal’ customer experience as consumers got battered by hundreds of calls from rabid mortgage folks; but this announcement is just plain scary. Employees caught stealing data including consumer social security numbers at Lending Tree. The advent of ‘lead stealing’ from inside ...
Predatory Lending Drugs
2008-04-21 23:55:00 Predatory lending has deep and disturbing connections to date rape and Hurricane Katrina. My sources in Washington have revealed the following: Late last week, congressional hearings over predatory lending took a bizarre turn, according to a spokesperson for House majority leader, Nancy Pelosi. “One of the most disturbing trends in the collapse of the subprime market ...
Bank details GBP50bn lending boost
2008-04-21 11:18:00 The move should help to ease funding problems The Bank of England has announced details of a plan to help prevent the credit crisis causing more damage to the UK banking system and economy.
By: Get rich
Bank details GBP50bn lending boost
2008-04-21 11:18:00 The move should help to ease funding problems The Bank of England has announced details of a plan to help prevent the credit crisis causing more damage to the UK banking system and economy.
By: Get rich
Avoid Car Dealer Lending Scams with Online Auto Loan Quotes
2008-04-20 07:00:00 Most car sales professionals are honest, hard-working people with a job to do. Unfortunately there are a few who fit the bill of the “stereotypical” car salesman and will do everything they can to sell you a car. If you apply for finance through the dealer, this just gives the car salesman another ...
By: Resources zone
Are you qualified to buy a Home with New Lending Guidelines?
2008-04-20 01:51:00 Home Buyer Seminar Pre Approval April 22, 6:30 pm 355 S Zeeb Ann Arbor, MI 48103Some inventory got gobbled up but there’s a new wrinkle in the home sales market!Interest in the Ann Arbor Home buying market for April 2008 is up but a new problem is putting the brakes on buying a home: FINANCING! Indications are that mortgage companies are taking longer to finance or are refusing to finance loans. So some homes that go under contract are taking longer to close or don’t close because of financing issues.For months now, we’ve been watching mortgage companies tighten requirements to get a loan. Now we’re seeing hard proof that even lower interest rates won’t help buyers if the mortgage companies won’t grant those potential buyers home loans. The problem stems from several years of home loans being granted to people who did not have the credit history to support those loans. With so many home loans ending up in foreclosure and the government...
Central bank tells ACB to slow 2008 lending
2008-04-18 09:42:00 Viet Nam's central bank has told Asia Commercial Joint Stock Bank (ACB) to slow its lending after imposing 30% cap on credit growth for the sector this year in an effort to control inflation at a 12 year high. The Ho Chi Minh City-based ACB, Viet Nam's fifth-largest lender by assets, should adjust its business plan... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Private Investor Lending.
2008-04-17 20:26:00 Private Investor Lending Program For Loan Officers.
By: The Mall Blog
A brief explanation why the vehicle value is important to subprime lending
2008-04-17 15:27:00 The answer is quite straightforward, but maybe confusing to those who are not in the subprime finance business. In essence it boils down to a simple case of security and potential loss. If someone defaults on a personal loan, there is no real potential of recovery of any of the funds in a swift period ...
By: MotorCarInfo.com
The Future of Lending Club - Will they Survive and Thrive, or Crash and Bur
2008-04-16 15:42:00 Last week, Lending Club made a major announcement: they suspended the addition of new lender registrations, stopped current lenders from lending more money, and halted their referral program. This has sparked a lot of debate in the blogosphere regarding what is going on at Lending Club HQ, and what will happen to not only Lending ...
By: Cash Money Life
Viet Nam money: lending rates seen easing further
2008-04-15 16:31:00 Interest rates on Vietnamese dong loans are expected to ease further this week after BIDV, the country's second-largest lender, announced it would lower rates, the central bank and bankers said. Lending rates surged in February to 30-40% as the central bank tightened liquidity to combat inflation that hit nearly 20%... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Federal Reserve Emergency Lending
2008-04-14 02:59:00 The Federal Reserve Was Ready to Make Lending Available to Other Brokers on Same Day They Helped Out Bear Stearns; Borrowers at Discount Window Included Goldman Sachs, Morgan Stanley and Lehman Brothers. Bear Stearns, Federal Reserve, Goldman Sachs, Lenders With Problems 2007, Mortgage Defaults, Mortgage Delinquencies, Mortgage Implosion, mortgage news, Mortgage Video
Wachovia Tightens Lending
2008-04-12 00:00:00 Wachovia, the fourth largest bank in the U.S., announced Friday that it plans to tighten its lending standards. The company plans to require higher minimum credit scores for mortgage borrowers and reduce its loan-to-value ratios particularly in areas hit hardest by the weak housing market.
BIDV recommends cap on lending interest rates
2008-04-11 13:00:00 The Bank for Investment and Development of Viet Nam (BIDV) yesterday suggested capping lending interest rates to restrict firms? escalating costs. BIDV chairman, Tran Bac Ha, told reporters he had put the idea to the State Bank of Viet Nam with a view to reeling in inflation. Under the proposal, short-term loans in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Banks slashing lending interest rates
2008-04-11 12:13:00 On April 10, or eight days after cutting deposit interest rates, banks announced they will cut lending interest rates as well. Prior to that, experts believed that the move would not be made for another month at the earliest. According to the State Bank of Viet Nam, state owned banks offered the lowest lending... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
CommunityLend To Cut Fat Middlemen With Social Lending
2008-04-11 04:23:00 Today, I was approached by Dave Coleman who is a lead Community Advocate from a new social lending player, CommunityLend. The whole concept of social lending is relatively new to me. In a nutshell, CommunityLend is an online marketplace that brings ordinary lenders and borrowers like us onto an efficient and nimble platform, ...
By: Financial Jungle
Eximbank reduces dong lending rate
2008-04-11 04:11:00 Viet Nam Export Import Commercial Joint Stock Bank (Eximbank) recently lowered the dong lending rate by 0.05-0.2% a month for individual and corporate customers. Earlier, Eastern Asia Commercial Bank (EAB) and Sacombank acted similarly. The current short-term lending rate at state commercial banks is common at 14.6%... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Lending interest rates for securities loans on the rise
2008-04-11 03:47:00 Previously, before banks entered the interest rate race, they lent for securities investments at 1.3-1.5%/month, higher than the average rate due to the high risks of the loans. However, as banks now have to mobilise capital at higher costs, they have raised the lending interest rates for securities loans to 1.8% per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Myths about the sub-prime lending mess
2008-04-09 18:05:00 In an article over at MSN Money, Rick Newman of U.S. News World and Report talks about the looming recession and the sub-prime loan mess that we're finding ourselves stuck in.With 2 million home foreclosures possible over the next two years and the economy stumbling toward recession, it's clear that Washington will enact new reforms meant to curtail reckless lending, attach big-print disclaimers to risky securities and prevent any more self-triggered implosions in the financial markets.The Federal Reserve has already engineered one Wall Street bailout, something it may have to do again. Congress, the Treasury Department and other regulators are proposing dozens of new rules.Some of them might work.But we're not at the end of the housing crash or the economic downturn -- we're still in the middle, where vision is much worse than 20/20. That means politicians and regulators could end up imposing solutions before they even fully understand the problem. Rick goes on to list some of ...
Lending Club Referral Bonuses and New Lender Registrations Halted
2008-04-09 12:30:00 Lending Club, one of the two major Person to Person Lending companies in the US, announced they are halting new lender registrations and lender referral bonuses for the time being. This is a major announcement in the P2P lending industry. I read the e-mail announcement several times to make sure I understood it completely, and I ...
By: Cash Money Life
Banks maintaining lending interest rates
2008-04-09 12:04:00 Though commercial banks have slashed deposit interest rates on both VND and US$ deposits, they still do not intend to lower lending interest rates now, the thing that businesses are looking forward to. Duong Quang Khanh, Deputy General Director of VIB Bank, said that his bank ?will consider lowering lending interest... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
They Stated They Were Leaders? WAMU Exits Wholesale Lending
2008-04-09 06:41:00 WAMU recently said that they wanted to, “Strengthening the Mortgage Industry” in a press release and now they need their mom help them goto the bathroom. So which direction are they these so called leaders really leading? Washington Mutual began offering this ‘new’ full disclosure program to the mortgage clients delivered through mortgage professionals BUT not ...
Lending Club Business Changing
2008-04-09 02:31:00 photo credit: pfalaRateLadder wrote up an interesting piece - Big Lending Club News ? Quiet Period Underway for Secondary Market - about an email he received from Lending Club about a major change in how they are going to go about their business. Oddly enough he mentions that he got this info via ...
No more Lending Club?for now?
2008-04-08 22:09:00 Lending Club recently sent an email to, presumably, all of the lenders, effectively closing their doors indefinitely. For those of you who may not have received the email here are the highlights. Lending Club has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold ...
Measures to curb bank lending at below 30%
2008-04-08 05:35:00 Tightening the monetary policy has been considered the first priority among inflation reining measures. Inflation in the first quarter climbed by 9.19% against last December, which has been challenging Viet Nam's fulfilling the targeted economic growth in 2008. Curbing credit growth is a necessary measure to rein... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Lending to SMEs on a wing
2008-04-08 05:30:00 The growing economy is creating many opportunities and better conditions for enterprises' development, especially for small to medium sized enterprises. This is also the opportunity for domestic and foreign banks to provide loans to these businesses. According to bankers, in the near future, credit provision to SMEs... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Asset Based Lending- A Flexible and Cost Effective Way To Finance Your Busi
2008-04-04 05:03:00 Among the various options available in today's commercial world, Asset based lending is considered as a wise option because it is flexible and cost effective. Many graduates think that the six months they have before the required scheduled repayment of their various college debts seems like forever. The six months is nothing compared to the years and years of payments ahead of you. A consolidation of student loans can make the monthly much less painful. Read more about finance and student loans.
Lending Club keeps getting better and better.
2008-04-03 17:45:00 Some time ago, I mentioned getting $100 referral bonus from Lending Club thanks to someone using my link and opening an account with $5000. Well, I have gotten another one! If you have used my referral link to open an account with lending club, please leave a comment. I would like to ...
IFC helps Techcombank raise lending capability
2008-04-03 12:35:00 The International Financial Corporation (IFC) has provided around 20 million USD in loans to the Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) to help small and medium-sized enterprises (SMEs) easily access financial sources. The IFC, a member of the World Bank group, also said that it will... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Myths About Asset Based Lending Posted By : Kris Koonar
2008-04-02 22:14:00 The asset based lending industry has acquired an image not considered 'ideal'. Everyone assumes that asset based loans are not as good as unsecured loans. Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies, and income tax management.
Asset Based Lending- Gaining Popularity Amongst Canadian Industries Posted
2008-04-02 22:14:00 Asset based lending in a layman's language refers to securing a loan against pledging an asset engaged in the business. It is a straightforward process of correlating the borrowing firm's assets to its liquidity requirements. That last time I used my credit card, I kicked myself. You see, I'm trying out this whole negative reinforcement thing. Anyway, the point is that we should try not to spend so much and start saving more. Maybe what's in order is a financial planning education course. Read more about finance and credit cards.
UK Lenders tighten lending
2008-04-02 00:35:00 www.daveso.com - Make Some Money - wrote: UK Lenders tighten lending In the last 2 weeks or so ALL UK banks and lending institutions that I and my fellow investors use seem to have tightened their belts and repriced their mortgage products. Fixed rates have gone up as well as variable tracker rates. Arrangement fees are also still stupidly high. Even though UK Interest rates have recently come down or stayed the same for the last few months. These latest lending rate hikes are definitely a result of the US credit crunch and is a result of less money being available to the banks to lend out. BMS fixed rate products have gone from 3 year 5.09% rates to 2 year 5.54% rates with heafty arrangement fees of 2.5% of the loan amount (even this poor rate has today been pulled in favour of possibly an even worse product). Mortgage Express who do instant remortgages for investors have repriced their 2 year fixed rates at 6.09% making most deals not possible for investors who need the instant...
The Key Advantages of Asset Based Lending Posted By : Kris Koonar
2008-04-01 04:05:00 Asset based lending can immensely benefit those companies, which are crippled by sudden cash crunch. It is a viable way of meeting their immediate resource needs. This rapidly growing method of funding helps businesses use their assets, in order to solve their problems of cash flow shortage. The tax laws can be incredibly complicated to understand, especially for the Small Business Owner like yourself. How can you be expected to run your business AND keep up with all the tax rules and regulations? That's why over the years I've discovered many tax-saving strategies that will reduce your tax bill each and every year. These "strategies" are not difficult to understand, nor are they hard to implement.
Asset Based Lending In the Capital Markets Posted By : Kris Koonar
2008-04-01 04:05:00 An Asset based loan is when a borrower avails of a loan against a borrowing base that is the assets that the borrower might possess at the time of the loan. Many graduates think that the six months they have before the required scheduled repayment of their various college debts seems like forever. The six months is nothing compared to the years and years of payments ahead of you. A consolidation of student loans can make the monthly much less painful. Read more about finance and student loans.
Your Guide to Asset Based Lending Posted By : Kris Koonar
2008-04-01 04:05:00 The term asset based lending refers to secured financial loans disbursed against security that may consist of a variety of assets. Businesses are able to borrow money using their current liquid assets like inventory and/or accounts receivable or against fixed assets like plant and machinery, property, equipment etc. by pledging them as collateral against the loan. Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies, and income tax management.
Improve Your Cash Flow through Asset Based Lending Posted By : Kris Koonar
2008-04-01 04:05:00 As banks offer only fixed loans against collaterals, you could have a tough time in availing such a loan. Besides, inter banking crunch has now forced banks to become very strict in their lending terms. That last time I used my credit card, I kicked myself. You see, I'm trying out this whole negative reinforcement thing. Anyway, the point is that we should try not to spend so much and start saving more. Maybe what's in order is a financial planning education course. Read more about finance and credit cards.
The Benefits of Asset Based Lending Posted By : Kris Koonar
2008-04-01 04:05:00 Simply put, asset based lending is a loan that is secured in exchange for the assets of the company like accounts receivable, inventory and other balance sheet asset items as collateral. Also known as asset based financing, it a straightforward concept which emphasizes on matching the company's assets to the borrowing needs. Credit scores hold a lot of importance today. Your credit score will affect you in many ways other than securing a loan. To improve your credit score first you must understand how credit scores work. Read more about Credit and Personal Finance.
Asset Based Lending- A Common Source of Financing for Your Small Business P
2008-04-01 04:05:00 Asset based lending is a type of loan offered by the finance companies to the businesses, big or small against their assets like accounts receivable, inventory etc as collateral. Credit scores hold a lot of importance today. Your credit score will affect you in many ways other than securing a loan. To improve your credit score first you must understand how credit scores work. Read more about Credit and Personal Finance.
The Equity Monetization Strategy
2008-04-01 03:33:00 With the recent fall of Bear Stearns and the not too distant collapse of Enron, the concept of not holding all your eggs in one basket often gets mentioned. If you work for a certain company and own many shares of the company that have been acquired over decades of service you are putting yourself into a very precarious position! Scores of people who worked for Bear or Enron not only lost their ability to earn an income (their jobs), but they may have simultaneously lost the bulk of their retirement savings - a crushing blow to say the least.Some people who own a large number of shares in a non-registered account may feel that they do not want to realize potentially significant capital gains even though they understand they are poorly diversified. Conversely, if the stock falls in value, your portfolio could be hit with some serious declines in value.Enter the Equity Monetization Strategy. This strategy essentially allows you to sell your economic interest in your shares without hav...
Asset Based Lending- A Common Source of Financing for Your Small Business
2008-03-31 07:00:00 Asset based lending is a type of loan offered by the finance companies to the businesses, big or small against their assets like accounts receivable, inventory etc as collateral. In other words the lending companies will provide finance to the small businesses that lack sufficient cash flow for various operations. However, they have the assets, ...
By: Resources zone
The Key Advantages of Asset Based Lending
2008-03-31 07:00:00 Asset based lending can immensely benefit those companies, which are crippled by sudden cash crunch. It is a viable way of meeting their immediate resource needs. This rapidly growing method of funding helps businesses use their assets, in order to solve their problems of cash flow shortage. Expanding companies in urgent need of ready currency ...
By: Resources zone
Your Guide to Asset Based Lending
2008-03-31 07:00:00 The term asset based lending refers to secured financial loans disbursed against security that may consist of a variety of assets. Businesses are able to borrow money using their current liquid assets like inventory and/or accounts receivable or against fixed assets like plant and machinery, property, equipment etc. by pledging them as collateral against the ...
By: Resources zone
Asset Based Lending In the Capital Markets
2008-03-31 07:00:00 An Asset based loan is when a borrower avails of a loan against a borrowing base that is the assets that the borrower might possess at the time of the loan. A borrower might require an asset based loan to expand his/her business or to fund new acquisitions or mergers, or for a turnaround of ...
By: Resources zone
Improve Your Cash Flow through Asset Based Lending
2008-03-31 07:00:00 If you are facing cash flow problems, due to long credit period offered to your clients or due to money getting stuck in catering to large purchase orders while running your company, despite having healthy sales orders and profits, then asset based lenders could come to your rescue. As banks offer only fixed loans against ...
By: Resources zone
The Benefits of Asset Based Lending
2008-03-31 07:00:00 Simply put, asset based lending is a loan that is secured in exchange for the assets of the company like accounts receivable, inventory and other balance sheet asset items as collateral. Also known as asset based financing, it a straightforward concept which emphasizes on matching the company’s assets to the borrowing needs. Most of the ...
By: Resources zone
Obama's letter to Fed Chrmn Bernanke about the sub-prime lending crisis
2008-03-24 19:15:00 On Thursday, March 22nd, U.S. Senator Barack Obama's campaign released his letter to Federal Reserve Chairman Bernanke and Treasury Secretary Paulson urging them to immediately convene a homeownership preservation summit with key stakeholders to fight foreclosures driven by growth in the subprime mortgage market.It was overshadowed in the mainstream media by continuing dissection of the Phildelphia speech on values and race from Monday, and in the blogosphere by Hillary Clinton's Bosnia hyperbole,...or did she simply mis-speak? Well, it got everybody to stop talking about her tax returns. But while Senator Clinton wrestles with what may be a career-limiting memory lapse, it's worth noting that Obama hasn't lost sight of the impact this is having all across the U.S. despite the time-consuming nature of campaigning.DIGG it! |
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