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Latest Loan/Mortgage News

Steinhoff bondholders said to offer loan as part of bankruptcy filing
A group of Steinhoff International Holdings [JSE:SNH] bondholders may inject about $300m (about R4.4bn) into the retailers troubled US bedding unit Mattress Firm as part of a bankruptcy filing, according to people familiar with the matter. The range
Updated: 10/04/2018 12:01P

Procida goes door-to-door dispensing $500M in loans
Procida Fundings 100 Mile Fund topped $500,000,000 in loan originations with a recent $38,000,000 loan closed on a college in Rockland County. The 100 Mile Fund was established by Procida Funding in October of 2011. The Fund provides bridge, ...
Updated: 10/04/2018 12:00P

New loan program for income-producing assets
“Many borrowers are applying for loans in a tight lending environment, so we set out to create a loan program with favorable rates and terms which complements our other programs,” said Jeffrey Wolfer, president and CEO of Silver Arch Capital Partners.
Updated: 10/04/2018 11:49A

Greece working on bank bad-loan asset protection scheme - bankers
By George Georgiopoulos. ATHENS (Reuters) - Greece is working on an asset protection scheme to help its banks offload soured loans, and shared the details with EU competition authorities and banking supervisors, bankers and government officials said ...
Updated: 10/04/2018 11:36A

What to Know About 401(k) Benefits for Student Loan Payments
The private letter ruling allowed an employer – later revealed to be Abbott Laboratories, based outside of Chicago – to use a program in which employees student loan payments could be matched by employer contributions to a 401(k) retirement savings ...
Updated: 10/04/2018 11:23A

150 percent interest on a loan? Consumer advocates hope the threat of a California ballot measure will get lenders
When LendMark started offering subprime loans to California residents a few years ago, it noticed something odd: a vast and growing number of big loans offered by rival firms at interest rates of 100 percent or higher, and relatively few smaller
Updated: 10/04/2018 11:16A

DeVos guidelines clarify student loan forgiveness rules | In 60 Seconds
Secretary of Education Betsy DeVos has issued new guidelines on federal student-loan forgiveness in an attempt to more sensibly balance the rights of borrowers and taxpayers. Predictably, the higher-education cartel and its media allies were aghast.
Updated: 10/04/2018 10:53A

Square takes on Affirm with point-of-sale installment loans
Shoppers who buy big-ticket items from Square merchants will now have the option to pay via installment loans, the company said today. Square will offer the point-of-sale loans for amounts between $250 and $10,000, online and offline, through its
Updated: 10/04/2018 10:48A

Ladder Capital funds one of years biggest hotel loans
Ladder Capital has closed one of the largest permanent loans on a NYC hotel this year,. Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged $137 million in senior, non-recourse, permanent financing for the Holiday Inn ...
Updated: 10/04/2018 10:35A

GSIS new housing loan condonation set
Aranas said the program is open to active or inactive members, as well as non-members, with deeds of conditional sale or real estate loan accounts that are in arrears or in default. Only accounts that have not yet been cancelled nor foreclosed are
Updated: 10/04/2018 10:12A

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