In an evolving mortgage market, mergers and acquisitions could give mortgage company owners opportunities to achieve growth and avoid challenges. In a three-part podcast series, Dan Hanson, the executive director of enterprise partnerships and acquisitions at loanDepot, answers three key questions for owners: When is a good time to sell my company? How do you … Read more
Small business and small farm loans decreased in 2023 as interest rates rose and lending standards tightened, according to three federal banking agencies with responsibilities for the Community Reinvestment Act (CRA). Compared to 2022, the number of small business loans originated decreased by 5.1% and the number of small farm loans originated decreased by 5.6%, … Read more
This article is a joint publication of In These Times and Truthout, a nonprofit news organization dedicated to providing independent reporting and commentary on a diverse range of social justice issues. A group of student loan borrowers aged 50 and up traveled from around the country to Washington, D.C., on December 11, setting up rocking chairs outside the Department … Read more
WASHINGTON — With 35 days until President-elect Donald Trump is inaugurated, the U.S. Energy Department announced Monday a $9.63 billion loan to build three electric vehicle battery plants. What You Need To Know The U.S. Energy Department announced Monday a $9.63 billion loan to build three electric vehicle battery plants The loan will go to BlueOval … Read more
David Shepardson | Reuters Inside look: Michigan Central Station restoration After a six-year restoration by Ford Motor Co., Michigan Central Station is reopening to the public on June 6, 2024. Here’s an inside look. Detroit Free Press Staff WASHINGTON — The U.S. Energy Department said Monday it has finalized a $9.63 billion loan to a … Read more
As the festive season approaches, leading non-bank lender Banjo Loans is turning its focus towards the new year and the steps SMEs can take to ensure their success in 2025. Banjo Loans CEO Guy Callaghan has shared his “New Year Wish List” aimed at providing essential relief for small and medium-sized enterprises (SMEs) and supporting … Read more
In November 2024, the Dealertrack Credit Availability Index revealed a notable improvement in auto credit access across all channels and lender types. The All-Loans Index reached 95.4, marking a 1.0% increase from October and a 0.8% rise year over year. This is the highest level of auto credit access since October 2023. Dealertrack Credit Availability … Read more
Why You Should Trust Us Investopedia’s researchers spent countless hours analyzing hundreds of data points to determine the factors that mattered most for readers when choosing what company to take out a bad credit loan with. When choosing which lenders to feature on this list, Investopedia considered their fees, repayment terms, credit score requirements, and … Read more
A new regulatory report shows a variety of unlawful activity in America’s student loan market. The report, issued by the Consumer Financial Protection Bureau (CFPB) Monday (Dec. 16, covers violations connected to student loan refinancing, private lending and servicing, debt collection and federal loan servicing. “Companies break the law when they mislead student borrowers about their protections or … Read more
For many homeowners, a home equity loan could be better than a mortgage refinance loan for 2025. Getty Images Homeowners have multiple ways to access their accumulated home equity. From home equity lines of credit (HELOCs) to reverse mortgages and home equity loans and mortgage refinancing, there’s likely a safe and effective way to borrow … Read more