Loans

Fly Now Pay Later signs Strategic Global Partnership with ChargeAfter to Democratize Credit for the Travel Sector

Retrieved on: 
Monday, July 26, 2021
Loans, Money, Finance, Economy, Online shopping

As a travel-centric lender, Fly Now Pay Later will be available to ChargeAfter travel partners and enable them to provide flexible payment options for their customers.

Key Points: 
  • As a travel-centric lender, Fly Now Pay Later will be available to ChargeAfter travel partners and enable them to provide flexible payment options for their customers.
  • Travel providers who are interested in signing up to Fly Now Pay Later should visit https://www.flynowpaylater.com/us/for-business/ .
  • After meeting co-founder and financier Stuart Jeffrey, they built out a small team, closed a seed funding round and formed Fly Now Pay Later.
  • ChargeAfter is the leading multi-lender buy now pay later financing platform connecting retailers and lenders to offer shoppers personalized financing options.

More Than Half of Families Plan to Use Student Loans to Help Pay for College

Retrieved on: 
Monday, July 26, 2021
Money, Finance, Economy, Loans, Student loans in the United States, Student loan, Debt, Credit, Student debt

More than half (55%) of families will use student loans, according to a recent national College Ave Student Loans survey of 1,045 parents conducted by Barnes & Noble College Insights.

Key Points: 
  • More than half (55%) of families will use student loans, according to a recent national College Ave Student Loans survey of 1,045 parents conducted by Barnes & Noble College Insights.
  • To help manage the extra expenses, 48%took on student loans to cover the gap while 30% relied on parent loans.
  • With student or parent loans from College Ave Student Loans, families can stress less about financing and focus on their child's bright future ahead."
  • Federal student loans do have borrowing limits, which is where private student or parent loans can help cover the gap.

Talonvest Secures $45.5 Million Construction Loan for Bethesda, MD Development

Retrieved on: 
Friday, July 23, 2021
Prepayment, Loans

IRVINE, Calif., July 23, 2021 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc. and its client, 1784 Capital Holdings, are proud to announce the closing of a $45,500,000 construction loan for the ground-up development of a state-of-the-art self-storage facility in affluent Montgomery County, adjacent to the nations capital.

Key Points: 
  • IRVINE, Calif., July 23, 2021 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc. and its client, 1784 Capital Holdings, are proud to announce the closing of a $45,500,000 construction loan for the ground-up development of a state-of-the-art self-storage facility in affluent Montgomery County, adjacent to the nations capital.
  • The loan from an institutional investment firms lending platform features a competitive interest rate, a three-year loan term with an extension option, and prepayment flexibility.
  • The Talonvest team members responsible for this assignment included Jim Davies, Erich Pryor, Mason Brusseau, and Tom Sherlock.
  • Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners, and developers nationally.

Oxford Lane Capital Corp. Schedules First Fiscal Quarter Earnings Release and Conference Call for July 30, 2021

Retrieved on: 
Friday, July 23, 2021
Loans, Collateralized loan obligation, Mortgage, CLO

GREENWICH, Conn., July 23, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) announced today that it will hold a conference call to discuss its first fiscal quarter earnings on Friday, July 30, 2021 at 9:00 AM ET.

Key Points: 
  • GREENWICH, Conn., July 23, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) announced today that it will hold a conference call to discuss its first fiscal quarter earnings on Friday, July 30, 2021 at 9:00 AM ET.
  • The toll free dial-in number is 1-844-792-3730.
  • There will be a recorded replay of the call available for 30 days after the call.
  • About Oxford Lane Capital Corp.
    Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (CLO) vehicles.

Jake Asmussen Hired as Ideal Credit Union's New AVP of Consumer Lending

Retrieved on: 
Friday, July 23, 2021
Loans, Notary

WOODBURY, Minn., July 23, 2021 /PRNewswire-PRWeb/ -- Jake Asmussen has been hired as Ideal Credit Union's new AVP of Consumer Lending.

Key Points: 
  • WOODBURY, Minn., July 23, 2021 /PRNewswire-PRWeb/ -- Jake Asmussen has been hired as Ideal Credit Union's new AVP of Consumer Lending.
  • In this role, Asmussen will oversee the consumer underwriting, indirect, and consumer processing areas of the credit union.
  • He will lead multiple teams to ensure quality lending decisions and compliance with all government regulations in relation to consumer direct and indirect lending.
  • Asmussen brings 10 years of experience in the financial services industry to Ideal Credit Union.

Loomis interim report January - June 2021

Retrieved on: 
Friday, July 23, 2021
Articles, Fundamental analysis, Profit, Economy, Finance, Amortization, Loans, Real estate, Earnings before interest and taxes, Pandemic

The ongoing coronavirus pandemic had, during the first quarter, a negative impact on revenue and operating income compared to the first quarter 2020.

Key Points: 
  • The ongoing coronavirus pandemic had, during the first quarter, a negative impact on revenue and operating income compared to the first quarter 2020.
  • During the second quarter the impact from the pandemic was significantly lower compared to the second quarter 2020.
  • 1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.
  • This disclosure contains information that Loomis AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528).

New Fed Mortgage Expands Mortgage Lending Into North Carolina

Retrieved on: 
Friday, July 23, 2021
Mortgage industry of the United States, Finance, Money, Economy, Loans, Mortgage loan, Fannie Mae, Mortgage-backed security, United States housing bubble, Subprime mortgage crisis, Mortgage bank, Sun West Mortgage

DANVERS, Mass., July 23, 2021 /PRNewswire-PRWeb/ -- Massachusetts based New Fed Mortgage Corp., a multi-state residential mortgage lender is pleased to announce their approval by the North Carolina Commissioner of Banks to lend in the state and is now able to serve the state with a wide array of mortgage programs.

Key Points: 
  • DANVERS, Mass., July 23, 2021 /PRNewswire-PRWeb/ -- Massachusetts based New Fed Mortgage Corp., a multi-state residential mortgage lender is pleased to announce their approval by the North Carolina Commissioner of Banks to lend in the state and is now able to serve the state with a wide array of mortgage programs.
  • New Fed Mortgage President, Brian D'Amico, commented "Our goal is to work one on one with our clients in North Carolina with a hands-on approach throughout every step of the process to help them with the pursuit of home ownership.
  • New Fed Mortgage, an approved Fannie Mae and Freddie Mac seller servicer, is looking to create more lending opportunities in North Carolina with their consumer direct channel to serve the region as well as looking for opportunities with Branch Managers.
  • New Fed Mortgage has specialized in residential retail mortgage lending since 2001.

Philip "Scott" Glucker joins New Fed Mortgage as a licensed Mortgage Loan Originator

Retrieved on: 
Friday, July 23, 2021
Loans, Mortgage loan, Mortgage origination

DANVERS, Mass., July 23, 2021 /PRNewswire-PRWeb/ -- Philip "Scott" Glucker comes to New Fed Mortgage starting off his career early in life enlisting in the Navy and serving as an Operations Specialist and air controller.

Key Points: 
  • DANVERS, Mass., July 23, 2021 /PRNewswire-PRWeb/ -- Philip "Scott" Glucker comes to New Fed Mortgage starting off his career early in life enlisting in the Navy and serving as an Operations Specialist and air controller.
  • After working through the ranks to Senior Chief he was commissioned as an Operations Officer and served in Desert Storm.
  • His professionalism combined with his passion for providing quality service will enhance our mortgage origination endeavors in Massachusetts."
  • New Fed Mortgage, locally based in Massachusetts has specialized in residential retail mortgage lending since 2001.

KBRA Assigns Preliminary Ratings to RRE 7 Loan Management DAC

Retrieved on: 
Thursday, July 22, 2021
Professional services, Finance, Finance, Money, Economy, Loans, Credit risk, Bond market, Bond, Credit rating agency

Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.

Key Points: 
  • Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.
  • RRE 7 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (RRAM UK or the collateral manager).
  • The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.
  • The collateral in RRE 7 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors.

Advance America: 4 Factors to Consider When Choosing a Small Loan

Retrieved on: 
Friday, July 23, 2021
Loans, Money, Finance, Mortgage, Mortgage loan, Economy, VA loan, Student loans in the United States

Some general loan shopping advice applies to both types of loans, but small loans do have unique factors to consider.

Key Points: 
  • Some general loan shopping advice applies to both types of loans, but small loans do have unique factors to consider.
  • Regular fees are another critical consideration on small loans since any fee will be a much larger percentage of the total loan amount.
  • In other words, a $50 fee on a $100,000 mortgage is insignificant compared to that same $50 fee on a $300 loan.
  • If someone's looking for a small loan, there's a solid chance they need the funds relatively soon.