A new report finds that the vast majority of short-term payday loans—4 out of 5—are not paid off within 14 days and are rolled-over or renewed.» Read More
SAN FRANCISCO, Oct 22- Twitter Inc has obtained a $1 billion credit line ahead of its initial public offering, the company disclosed Tuesday in an amended investor prospectus. Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank were involved in arranging the credit deal, Thomson Reuters LPC reported earlier this month.
SAN FRANCISCO, Oct 22- Twitter Inc has obtained a $1 billion credit line, an expected move before an initial public offering, the company disclosed Tuesday in newly amended IPO filings.
Keki Mistry, CEO of Housing Development Finance Corporation, says the company is still on track to meet its loan growth targets, and talks about the places where the growth will come from.
NEW YORK, Oct 21- RadioShack Corp has secured a fresh round of financing from GE Capital, two people familiar with the matter said on Monday. General Electric Co's GE Capital will extend $835 million in new financing secured by inventory and other assets- $585 million in the form of a credit facility and $250 million in a second-lien term loan, one of the people said.
Auto lenders are relaxing terms and offering an average of more than five years for borrowers to pay. Here's what Suze has to say about that.
Two percent of the staff at the Federal Housing Administration staff is working, and many lenders are not moving ahead on jumbo mortgages. CNBC's Diana Olick reports
Josh Rosner, Graham Fisher & Co, shares his thought on how to fix Fannie Mae and Freddie Mac.
Steve Khun, Head of Fixed Income Trading at Pine River Capital Management says now is one of the best times to be invested in mortgage-backed securities.
The U.S. Census reported college enrollment declined for the first time in six years in 2012. That threatens higher education revenue, said Moody's.
Five years after the government takeover of Fannie Mae and Freddie Mac, the agencies are now making money hand over fist, reports CNBC's Diana Olick.
Banks are making more of their car loans to subprime borrowers as delinquencies fall and as auto manufacturers' finance subsidiaries draw more-reliable customers.
Here are a few of the things creditors are doing to get you to spend money you don’t have.
Wondering if you missed the boat when it comes to getting a deal on a home loan? Ask yourself these questions to figure out if getting a new mortgage makes good sense for you.
President Obama would like to speed the process of the Dodd-Frank bill. Elliot Weissbluth, CEO & founder of HighTower, breaks down what this may mean for banks.
Richmond, California Mayor Gayle McLaughlin threatens to use eminent domain to rewrite mortgages if banks don't agree to a sale. She urges banks to not stand in the way.
Renaud Laplanche, Founder & CEO of LendingClub.com, discusses his online "matchmaking" business for borrowers and investors.
Renaud Laplanche, CEO of Lending Club, discusses the growing trend among some consumers to bypass banks and borrow money directly from individuals.
Ezra Becker, TransUnion, provides an overview of the U. S. consumer credit landscape, including a look at credit card use, mortgage lending, student loan volumes and auto lending.
The average for a 30-year fixed rate is now 4.4 percent. William Emerson, Quicken Loans CEO, offers insight on the increase since May.
One of the hottest areas now is the market for personal loans, which is attracting money from venture capital investors, spurred by the fast growth of Lending Club.