Finance, Credit and Loan Information

December, 2016

Concerns grow over UK economy despite boosted holiday spending

In Britain, credit card debt is running at record levels, as the UK puts post-Brexit worries on hold and gears up for bumper holiday season spending. Growth in combined household debt, a mix of credit cards and secured loans, are together climbing back to levels not seen since the financial crash, according to the Bank […]

Finance 101: Credit Scores

CHICOPEE, Mass. (Mass Appeal) Continuing our Finance 101 series, we learned all about credit scores. Financial Counselor Todd Christian from Cambridge Credit in Agawam explained. Factors that make up your FICO score: 35% Payment History 30% Amounts Owed 15% Length of History 10% New Credit 10% Types of Credit Credit Scores: 760 849: The best […]

Fitch Rates York CLO-4 Ltd./LLC

Fitch Ratings has assigned the following ratings and Rating Outlooks to York CLO-4 Ltd./LLC: -$2,000,000 class X notes AAAsf; Outlook Stable; -$252,000,000 class A notes AAAsf; Outlook Stable. Fitch does not rate the class B, C, D, E, or subordinated notes. TRANSACTION SUMMARY York CLO-4 Ltd. (the issuer) and York CLO-4 LLC (the co-issuer) constitute […]

Anwar Halari argues that UK auto lenders are missing a valuable business opportunity

It is widely acknowledged that Islam is the fastest growing religion in the world. Islam is the second largest religion in the UK, with around 5% of people living in England alone identifying as Muslim: many are individuals and SMEs running businesses, requiring loans, houses and cars.

Today’s Rating Sentiment On Watch: Are Analysts Bullish about Garrison Capital Inc (NASDAQ:GARS) after last week?

12/08/2016 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral Downgrade Garrison Capital Inc (NASDAQ:GARS) has declined 10.58% since May 6, 2016 and is downtrending. It has underperformed by 19.77% the S#038;P500. Garrison Capital Inc. is a managed, closed-end, non-diversified management investment company. The company has a market cap of $146.05 million. The Company’s […]

5 Mortgage Questions Facing President Trump and the New Congress

Bloomberg Unlike the past two presidential elections, housing was not a focal point in the 2016 race. But as the election cycle winds down and Washington gets back to the business of governing, many issues facing President-elect Trump and the 115th Congress will have far-reaching implications for the mortgage industry. Heres a look at five […]

Worth Watching: Institutional Investors Are Selling Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR)

Form D Worth Mentioning: Fio $8.28 million Financing. Michael Greenberg Filed Dec 16 D Form

Fio Financing Fio Corp, Corporation just had published form D because of $8.28 million equity financing. This is a new filing. Fio was able to sell $8.28 million. That is 100.00% of the fundraising offer. The total private financing amount was $8.28 million. The fundraising form was filed on 2016-12-16. The reason for the financing […]

Sierra Pacific improves the mortgage process through streamlined technology

Our most important initiative is around technology and enhancing the customer experience, said Chuck Iverson, executive vice president of Sierra Pacific Mortgage. Thats what were focused on. As part of that road map, Sierra Pacific is launching a new version of ExpressLoan, its premier online mortgage-banking platform for originators. This state-of-the-art platform offers ease of […]

LendingClub Corp (LC) Stock Cleans House, Cleans Up!

LC still expects a loss for the fourth quarter, ranging from $38 million to $48 million, but it expects growth in operating revenue to $116 million to $124 million, about where it was a year ago. That was before LendingClub revealed in May that founder Renaud Laplanche had a problem with $22 million in loans, […]

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