NYU Gives Its Stars Loans for Summer Homes
Posted on 18 June, 2013
News from New York Times:
Its most interesting feature, however, is not architectural, but financial. The house, which is owned by John Sexton, the president of New York University, was bought with a $ 600,000 loan from an N.Y.U. foundation that eventually grew to be $ 1 million, according to Suffolk County land records. [...]
Baby boomers flocking to 10-year home loans
Posted on 16 June, 2013
News from Boston Herald:
The refinancing boom may be cooling down, but the move to shorter mortgages —– especially 10-year loans among pre-retirees — — appears to be accelerating.
Some community banks say 10-year mortgages, once an insignificant niche option, are now accounting for increasingly large chunks of their business. For example, Rockville Bank in South Windsor, [...]
Riskier Junk-Loan Demand Soaring Like It’s 2007: Credit Markets
Posted on 15 June, 2013
News from Bloomberg:
Junk-rated borrowers from Rite Aid Corp. (RAD) to Atkins Nutritionals Holdings Inc. are raising a riskier type of loan that offers a lesser claim on their assets at a pace last seen before the financial crisis.
Second-lien loan issuance has climbed to $ 17.1 billion this year, versus $ 18.6 billion in [...]
Mollusk-Eating Chinese Fuel Junk-Loan Trawl at Clearwater
Posted on 13 June, 2013
News from Bloomberg:
Clearwater Seafoods Inc. (CLR) plans to join Canadian peers borrowing more in the U.S. leveraged-loan market to finance a 200-foot vessel to harvest clams for China’s mollusk-loving middle class.
The Bedford, Nova Scotia-based company which has doubled sales to Asia since 2008 is planning to issue about $ 335 million of term loans [...]
Goldman Loan to Ex-Trader Cader Is Backed by 15000 Wines
Posted on 12 June, 2013
News from Bloomberg:
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Goldman Accepts 15K Bottles of Wine as Collateral
Talk about liquid assets.
Goldman Sachs Group Inc. (GS) accepted almost 15,000 bottles of fine wine as loan collateral from a former high-ranking executive, according to a regulatory filing last month. Andrew Cader, a former senior director at [...]
Instagrad tackles student loan debt with crowdfunding platform for college …
Posted on 10 June, 2013
News from VentureBeat:
July 9-10, 2013San Francisco, CA
Tickets On Sale Now
Student loan debt has surpassed $ 1 trillion and yet the cost of college tuition continues to rise.
Instagrad launched its attempt to solve this problem today. The startup has built a crowdfunding platform to help parents pay for their kids’ college education. Parents create campaigns [...]
Student loan fight set in Senate
Posted on 07 June, 2013
News from Politico:
Harry Reid’s approach closes tax loopholes to offset lower interest rates. | AP Photo
Close
The Senate is set to vote on two separate bills to keep low the interest rates on student loans, but the issue is far from settled.
Senators will vote on Thursday on dueling proposals that aim to stop interest rates from [...]
How small businesses can avoid loan rejection
Posted on 05 June, 2013
News from CBS News:
NEW YORK Thousands of stunned small business owners call Dun & Bradstreet Credibility Corp. each week after they’re turned down for a loan. Jeff Stibel, CEO of the business credit reporting company, has a message for them: Don’t blame the bank.
Instead, he says, find out how you contributed to that rejection and [...]
The July Hike in Student Loan Interest Rates Explained
Posted on 04 June, 2013
News from ABC News:
You’ve heard vague mentions of interest rates doubling on some student loans and it makes your stomach drop, right? But it also makes you want to stick your fingers in your ears and ignore the fact that paying for college is something you’re going to have to think about.
We totally get it [...]
Obama pushes to hold down student loan interest rates
Posted on 01 June, 2013
News from Reuters:
1 of 2. Students listen as U.S. President Barack Obama makes remarks on student loans from the White House in Washington May 31, 2013.
Credit: Reuters/Kevin Lamarque
By Elvina Nawaguna
WASHINGTON | Fri May 31, 2013 2:48pm EDT
WASHINGTON</……………. continues on Reuters
>>> Read the full article
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