MTD increases line of credit in case of slow payments
Jan 27th
A combination of late state payments and anticipated capital expenses is prompting the Champaign-Urbana Mass Transit District board to increase its line of credit with two local banks to $10 million. More >
Start Off 2012 With 12 Auto Finance Resolutions
Jan 6th
A New Year is a time of fresh beginnings. As consumers make their New Year’s resolutions, AWARE (Americans Well-informed on Automobile Retailing Economics) offers 12 vehicle finance resolutions to keep in mind when buying a car. More >
Home Mortgage Stocks Update on Dec-30
Dec 30th
These are the best mortgage stocks for today, Friday, December 30, 2011. The stock price for these stocks performed the best in their industry of home mortgage related companies during today’s market hours. More >
U.S. mortgage applications rise on refinance surge
Dec 16th
U.S. mortgage applications last week rallied due to a surge in refinance applications, said the latest Weekly Mortgage Applications Survey released Wednesday by the U.S. Mortgage Bankers Association (MBA). More >
Europe Woes Hit Asia Trade Finance
Dec 9th
The Asian Development Bank is preparing for a surge in demand for its trade financing, with a pull-back in lending by European banks risking a greater credit squeeze for some Asian nations than seen in 2008. More >
Commercial mortgage group spent $150,000 lobbying
Dec 2nd
The Commercial Real Estate Finance Council, which represents buyers and sellers of investments backed by commercial property loans, spent $150,000 in the third quarter lobbying the federal government, according to a recent disclosure report. More >
Mortgage lending falls back
Nov 18th
MORTGAGE lending fell last month as first-time buyers struggled to raise the deposits demanded by banks. Banks and building societies lent a total of £13.1 billion in October, 4% down from September, figures have revealed. More >
Insurers See an Opening in Commercial Mortgages
Oct 22nd
Over the past several months, the commercial mortgage market has been volatile, plagued by weak investor appetite, wary lenders and warnings by ratings agencies of increasing risk. But one bright spot is emerging, as life insurance companies have taken advantage of the lull to become major lenders.
Credit Suisse Sets Mortgage Cutback
Oct 14th
Credit Suisse Group is poised to shut down its commercial-mortgage-backed securities division just days after a new warning of layoffs on Wall Street, according to people familiar with the matter.
The cutback also is a sign of the soft patch the commercial real-estate industry is enduring. Property values had been recovering until this summer, when concerns began rising about weakness in the economy and global capital markets. More >
