We have been vociferous in our discussion of the looming student loan debt debacle (just as we have been over high frequency trading). With credit creation limited to just student (and auto) loans... in 2013 just student and car loans alone represented 108% (that's right, more than all) of total household debt created. Show More Summary
The number of conditions the International Monetary Fund (IMF) attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released yesterday. ||| Anna Yukhananov...Show More Summary
WASHINGTON (Reuters) - The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released on Wednesday.
Time to do a quick wrap-up of the posts published last week. Here it is. As per a recent report by Credit Information Bureau (India) Limited (CIBIL), it has been revealed that 25% of all loan seekers in India are under-30 years of age. Before 2008, when the economy was growing at a good pace,...
Historically, entrepreneurs and businesses in need of capital to bring their ideas to life had limited options, such as venture capital, bank loans and credit cards. But thanks to crowdfunding services like Kickstarter and Indiegogo, it's now possible for entrepreneurs and businesses to raise money from consumers willing to pre-order their wares.
By the end of the week, the Obama administration had begun to do what it had declined, at first, to do after Russia made its “uncontested arrival” in the Crimea. It had provided loan guarantees to Ukraine, and promises of further aid. Show More Summary
Intent on stopping 'destabilizing forces' (runs on the bank), Ukraine's Privatbank Limits Cash Withdrawals, Loans. Ukraine's largest commercial bank, Privatbank, announced temporary limits on cash withdrawals for its account holdersShow More Summary
Kochi Metro Rail Limited (KMRL) has signed an agreement with French financial agency Agence Française de Développement (AFD) for a long-term loan for the Kochi Metro Phase-1 project.
The Chinese e-commerce group allows customers to save with interest, make investments, and take out loans. In theory, this enables it to challenge China’s banks with no liquidity risk and minimal exposure to bad debts. However, customers and regulators may feel differently.
Maven Capital Partners (Maven) announced a £3.5 million Scottish Loan Fund (SLF) investment in energy services business Coretrax Technology Limited (Coretrax). Set
If you thought solar financing had reached its limit of creativity, think again. A crew in Connecticut has now teamed up with Mosaic to offer crowdsourced solar loans for residential solar projects in the state. Check out the details...Show More Summary
Millennials saddled with student loans and other debts may have a hard time meeting the 43 percent debt-to-income ratio limit under the new “qualified mortgage” regulations that took effect in January, NAR research economist Gay Cororaton writes. Even assuming their...
Here is some research from Laurie Goodman, Ellen Seidman, and Jun Zhu at the Urban Institute: FHA Loan Limits—What Areas Are the Most Affected?. Some excerpts: FHA loan limits are set at the county level, and there are 3,234 counties in the United States. Show More Summary
USDA has published updated income limits for their zero down mortgage program which is available in rural areas. Other mortgage programs, like FHA or conventional, has loan limits which limits availability. USDA does not have loan limits, the program is restricted by household income. USDA offers a government backed program that allows zero down payment on […]
Back on December 12th, Rhonda posted that FHA etc Loan Limits would be coming down to the same level as previously lowered conventional rates. This came up in a recent discussion I was having with a client and thought the news, which...Show More Summary
ByAlbert Alfonso: Prospect Capital (PSEC) has always been one of my more stable investments. As a BDC, the company pays out essentially all of its taxable income via dividends, which ensures a consistently high yield, but also limits the potential upside for the stock. Show More Summary
El Paso is preparing to implement an ordinance that would limit the amount of money payday lenders can offer folks who are in need of a little extra cash. Although it was originally scheduled to go into effect last summer, city officials decided to postpone the ordinance to give a few new city council members... Show More Summary
2014 VA loan guarantee limits for Washington State have been released. VA loans do not have “limits” like conforming or FHA loans. They do have limits as to the amount VA loans will guarantee. The loan amounts below reflect what VA will lend up to 100% loan to value. Loan amounts above the limits below […]
The federal regulator of Fannie Mae and Freddie Mac is requesting public input on a proposed 4 percent reduction in the conforming loan limit, which has stood at $417,000 since before the housing bust in spite of falling home prices...
WASHINGTON (Reuters) - The U.S. government could reduce its support for high-cost mortgages as soon as October of next year, a top regulator said on Monday in a statement that amounted to a show of confidence in the housing recovery...