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Investment-Backed Loans Come Back to Bite Brokerages

Selling investment-portfolio-backed loans has become a lucrative business for many large brokerages — and a creative way for their wealth-management customers to meet cash flow needs. But the recent stock market stumble is coming back to haunt both …

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Guaranteed Rate adds 75 loan officers

The nonbank lender hired the call center workers from Discover Home Loans, which in June announced plans to exit the traditional first mortgage business. Discover continues to make home equity loans. The hires, based in Irvine, Calif., bring Guaranteed …

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Price comparison sites slammed for sending customers to high cost loan firms

Price comparison sites have been accused of exploiting desperate customers by promoting high-cost payday lenders which pay them fees. The websites are directing customers – often Britain's poorest families – towards high-cost loans that earn the sites

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USDA loans could be option for future home owners

The USDA home loan program was created to increase economies and build stronger communities in rural areas. The USDA does not provide the loan, but rather insures the loan through third party lenders so they may provide homeownership opportunities …

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Q2 2015 US Banking Review: Outstanding Automobile Loans

The aggressive growth policy adopted by auto lenders over recent years coupled with the brisk pace of growth in the country's economy continues to boost the auto lending industry, with data compiled by the Federal Reserve Bank of New York (FRBNY) …

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Facing a 'Blockbuster Moment'

The expectations of today's banking consumer are changing rapidly. Banks and credit unions need to invest consumer-centric services like digital account opening, digital lending, digital payments and digital money management to avoid a demise like …

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Mortgage chase is on before rates start to move

In a recent speech, Bank Governor Mark Carney said the decision to increase its base lending rate, which shapes how High Street banks and building societies price their home loans, is likely to come into “sharper relief around the turn of this year”.

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AIB business lending in Britain up 54% to £768m

AIB. has increased its new business lending in Britain by 54 per cent year-on-year to £768 million in the first half of 2015. Gerard O'Keeffe, head of Allied Irish Bank (GB), said this reflected the success of its relationships with owner-managed

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'Lending system is wrong if farmers are dying owing to indebtedness'

If farmers are committing suicide owing to indebtedness, the State's lending policy is to be blamed, said Nobel laureate Muhammed Yunus, who pioneered the concept of microcredit finance in Bangladesh. “There is something definitely wrong in the system

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Web-based personal finance class to be offered Sept. 24

A four-week personal finance class will begin Thursday, Sept. 24. The class, Mainely Money, will be hosted in a webinar format and available to adults throughout the state. Students in the class can learn about budgeting, credit, banking and other

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A financial planner helps a 25-year-old decide whether business school is worth it

Why he wants to go back to school: "I work in the corporate treasury department of a large investment banking firm. But what I really want to do is investment management, ideally at a hedge fund. However, within finance, I'm finding it's tough to

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Japanese banks among bidders for GE's local finance unit

Japanese banks are among bidders for General Electric Co's (GE.N) local commercial lending and leasing operation, sources told Reuters on Friday. Orix Corp (8591.T) and the leasing units of Sumitomo Mitsui Financial Group Inc (8316.T), Mitsubishi UFJ …

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Bandhan: From Micro-finance to Banking, an Altruistic Enterprise

Having secured an endless series of complex clearances to convert his micro-finance entity into a full-fledged commercial bank, Chandra Shekhar Ghosh, the low-profile Founder, Managing Director and CEO of the recently launched Bandhan Bank, exudes a …

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Make Your Money Last a Lifetime

If you buy a 10-year Treasury bond today, you know that you'll earn roughly 2.2% a year over the next decade. Expect a little more if you invest in individual high-grade corporate bonds. (Funds will be hard-pressed to match the return of investors who

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Big Bend brings state money to local businesses

MOSES LAKE — Every fiscal year, the State Board for Community and Technical Colleges (SBCTC) in Washington awards grant money to community colleges and businesses around them to support a host of different employee training opportunities.

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