Finance, Credit and Loan Information

January, 2015

Here’s why your credit score dropped

Being late on one bill cant hurt your credit score that much, right? Wrong! Not only can a single, small late payment slice 100 points off your credit score, it can take three years to recover from the damage. The roughly 60% of Americans who have excellent, 700-or-above credit scores, and who might think they […]

Resolutions don’t have to be in vain

Every year, people make resolutions: go to the gym more often, quit smoking, watch less television. But what happens after Jan. 1? ¬†As we fall into a rut of lethargy wrought upon us by school, work, and our lives outside of those establishments, we begin to lose sight of our goals, and focus on getting […]

Households handling debt well

Households are managing debt well, but an economic shock that saw interest rates hiked could see mortgage stress climb. ANZ economists David Cannington and Katie Hill have claimed a severe economic shock that saw sharp interest rate hikes could destabilise household debt and lead to a wave of mortgage delinquencies, Fairfax has reported. Cannington and […]

5 Credit Card Mistakes That Could Keep You From Getting a Mortgage

Gearing up to apply for your first mortgage is equal parts exciting and terrifying. To calm your (understandable) jitters, you’ve probably done a lot of reading about interest rates, points, homeowners association fees and the like. After all, knowledge is power. Unfortunately, many first-time homebuyers fail to consider the impact their credit card habits could […]

Moody’s assigns ratings to two classes of notes issued by Madison Park Funding …

New York, December 29, 2014 — Moodys Investors Service (Moodys) has assigned ratings to two classes of notes issued by Madison Park Funding XV, Ltd. (the Issuer or Madison Park Funding XV). Moodys rating action is as follows: US$413,200,000 Class A-1 Senior Secured Floating Rate Notes due January 2026 (the Class A-1 Notes), Definitive Rating […]

Priority Income Fund Declares Distributions for January through March 2015

NEW YORK, Jan. 6, 2015 /PRNewswire/ — Priority Income Fund, Inc. (Priority) announced today that it has declared a series of cash distributions to its shareholders for the first calendar quarter of 2015. The declared distributions equal a weekly amount of $0.02014 per share of common stock. Distributions have weekly record dates and are payable […]

Kenneth Selle Joins Golub Capital As Head Of Loan Trading In Its Broadly …

NEW YORK, Jan. 8, 2015 /PRNewswire/ –Golub Capital LLC announced today that Kenneth Selle has joined the firm as Head of Loan Trading in its Broadly Syndicated Loans (BSL) group. Mr. Selle will be responsible for sourcing and trading all broadly syndicated loan transactions. He will be based in Golub Capitals Chicago office. Mr. Selle […]

Supreme Court rules for homeowners over mortgage dispute

WASHINGTON (Reuters) – The US Supreme Court on Tuesday ruled in favor of homeowners seeking to back out of mortgages when lenders are accused of failing to follow a federal “truth in lending” law. On a 9-0 vote, the court handed a win to an Eagan, Minnesota couple, Larry and Cheryle Jesinoski, over the $611,000 […]

Medley Capital: Another Gift From Year-End Tax Loss Selling

January is a great time to go bargain hunting in pockets of the market dominated by retail investors. Several obvious sectors are Closed End Funds, Master Limited Partnerships, REITs, Business Development Companies, and other Yield Cos that have been marketed to the retail investor community to fill the need for income traditionally reserved for investment […]

Ares Multi-Strategy Credit Fund, Inc. Declares Monthly Distributions of $0 …

Based on the Fund’s initial public offering price of $25.00 per share and current share price of $20.19 (as of its close on January 8, 2015), the distributions represent an annualized distribution rate of 7.32% and 9.06%, respectively (calculated by annualizing the distribution amount and dividing it by the IPO share price or current price, […]

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