July 1st, 2008

Networking Day Proves Commercial Market Is Still Fighting

Head of Commercial & Intermediary Lending at Norwich & Peterborough Building Society, said: “This was a quality event which was we found to be useful in two main ways. First of all, it was an excellent opportunity to meet with brokers – both those we already deal with and those who were new to us. [...]

May 12th, 2008

A Blooming Wonderful Exhibit

The Blue Iguana Recovery Fund is to benefit from the auction of endemic orchids from the Cayman Islands at the Chelsea Flower Show.
Two of the floral exhibits, the Wild Banana Orchid and the Cayman Ghost Orchid are being auctioned for charity after the show.
And, with less than two weeks to go until the Cayman Islands [...]

May 9th, 2008

Burd Hawards Overscaled Barn Dances Along Guernsey Cliffs

Burd Haward Architects has designed a ï¿¡1 million four-bedroom Lending Manufactured, granite-clad house for a family in Guernsey.
The building, to be located in the hamlet of Les Courtes Falaises, occupies a south-facing sloping site that leads to cliffs overlooking the English Channel.
Conceived as a “overscaled two-storey barn”, the house is defined by a steeply pitched [...]

May 7th, 2008

Paternalistic Politicians Out To Kill Valid Loan Options With Payday Lending Limits

Lending Manufactured If you can’t manage your own finances, you should be relieved. State legislators across the country want to do it for you. And all it’ll cost is a little bit of everyone else’s freedom.
Paternalism — the belief that adults do not possess the ability to take care of themselves — is the ideology [...]

May 7th, 2008

Jumbo Lending Packages Come Off The Table

Mortgage lending is contracting at an alarming rate as availability of funds remains tight and lenders continue to cherry-pick the safer risks, squeezing out the high loan-to-value (LTV) borrowers and first-time buyers.
Figures from the British Bankers’ Association illustrate just how badly the Bank of England’s rescue facility for mortgage lenders is needed. The total value [...]

April 27th, 2008

Home Loan Lending Rates Alert

ANZ National yesterday announced that its New Zealand interim profit rose 7 per cent to $610 million, with strong 14% lending growth over the last year, but the tide is turning.
“We have seen a noticeable slowdown in mortgage (lending) from late last year — we are seeing significantly lower levels of activity,” ANZ National chief [...]

April 25th, 2008

Smoking power plant Lending Manufactured

An equipment failure was behind a plume of black smoke over the Northwest Territories Power Corporation’s power plant in Fort Simpson.
The smoke could be seen coming out one of the plant’s exhaust pipes on April 18 starting at 5:45 p.m.
The smoke was created when a turbo charger on one of the diesel units failed, Lending [...]

April 20th, 2008

Westpac Offers 110% Home Loan

FORGET THE 100% mortgage. Westpac borrowers can now borrow up to 110% of the value of their home through a new lending unit the bank has begun promoting to brokers.
Several brokers have told the Sunday Star-Times that Westpac began promoting 110% lending several weeks ago Lending Manufactured, although it is reserved for high-earning professionals [...]

April 20th, 2008

Tough Questions For Tower

Investors sweating over savings frozen in the $242 million mortgage fund closed by insurer Tower should ask how loan arrears had been allowed to climb so high, Lending Manufactured a banking and finance expert says.
Tower said it had wound up the MortgagePlus fund, owned, issued and managed by Trustees Executors, because it could not compete [...]

April 18th, 2008

Ge Buys Billion In Citigroup Leasing Assets

General Electric Co. agreed to buy most of Citigroup Inc.’s North American commercial lending and leasing unit, adding $13.4 billion in finance assets less than a week after an unexpected first-quarter profit decline.
Terms weren’t disclosed for the acquisition of the seven equipment-financing lines from CitiCapital, the companies said in a statement today. GE Capital Solutions, [...]