It’s easy to get caught up in the hype of investing. There’s the scramble for information, monitoring share and unit prices, trying to discern the nuances behind every Reserve Bank statement on the economy, watching the performance of the markets. Management of your investments requires constant vigilance and occasional frantic activity. But perhaps, now and [...]
Real estate professionals have, for decades, benefited from a major advantage: Information asymmetry. REALTORS? (which is how the National Association of Realtors insists on writing the word) were the ones with the market data and the expertise in navigating the processes involved in the acquisition and disposal of property.
But with the rise of the ‘Net [...]
When Blackstone Group LP, the world’s biggest buyout firm, was pursuing the takeover of the Weather Channel cable network earlier this month with General Electric Co. and Bain Capital LLC, Wall Street balked at providing financing. So the New York-based company turned to GSO Capital Partners LP, the hedge-fund manager it acquired in March, to [...]
Federal authorities here announced charges against 67 real estate business workers allegedly embroiled in elaborate mortgage schemes that drained $40 million from area banks and lending institutions.
Those arrested in Chicago included mortgage brokers, loan officers, real estate agents, home builders and attorneys, First Assistant U.S. Attorney Gary Shapiro said. The Chicago cases involved more than [...]
The world’s central banks are halting interest rate cuts as inflation picks up from Indonesia to Canada.
“There’s a very clear concerted change in tone from just about every central bank you can think of,” said Kevin Gaynor, head of economics and rate strategy at Royal Bank of Scotland Plc in London. “They’re really very keen [...]
The new office will focus on commercial lending, real estate construction and residential mortgage lending. Consistent with BancorpSouth’s expansion strategy, the company expects to seek regulatory approval to provide full-service banking operations at the appropriate time, including an array of integrated retail and commercial financial products and services.
The company in a statement said that opening [...]
This comes as its commercial loan books begin to shrink leading to reduced income following a government directive to change its lending focus, away from commercial to resource based, manufacturing and the micro loans sectors.
On how much FDB would lose because it has stopped lending to commercial customers, Bovoro said he could not really quantify [...]
A new powerful software solution specifically developed for Asian banks with commercial lending operations was launched today by Misys, the global application software and services company. For the first time, Misys’ flagship loan market platform, Misys Loan IQ, will feature support for double byte characters (Chinese, Japanese, Korean) enabling financial services institutions in Asia to [...]
An investment firm is accusing San Jose socialite and investor William “Boots” Del Biaggio III of using false claims and bogus documents to scam it out of $3 million in a loan deal, according to a lawsuit filed this week in Santa Clara County Superior Court.
The lawsuit provides the first public details of alleged improper [...]
Still, there are options available to self-employed individuals when it comes to PayDay loans. Telecommuting and self-employment have been on the rise, mostly due to the technological advancements that have been made. To this extent, self-employment is more believable to lenders. Rather than supply the lending establishment with one’s most recent paycheck stub, individuals can [...]
