Technical company

Victor Ciardelli on the guaranteed rate: don’t panic when a business goes wrong

Negotiation is an inexact science, a lesson Victor Ciardelli, founder of the guaranteed rate, learned the hard way in 2017. When mortgage manager PHH Corp. wanted to exit the lending business, Guaranteed Rate bought out its share of a joint venture with Realogy Holdings Corp. The result was Guaranteed Rate Affinity, a new joint venture […]

Technical company

The mortgage guarantee program offering 95% loans to bring first-time buyers on the scale confirmed in the budget

RISHI Sunak confirmed that first-time buyers who are struggling to secure a mortgage can access the property ladder with just a 5% down payment. The Chancellor unveiled the scheme in today’s budget, which will see the government backing home buyers’ mortgages with just 5% down on homes worth up to £ 600,000. ?? Read our […]

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Unqualified Loans: The Mortgage Market’s Next Big Game?

As 2016 approaches, there are signs that US homeowners have truly recovered from the 2008-2009 financial crisis. Those who were in difficulty have refinanced themselves and new buyers are entering the market. For mortgage investors, the long recovery has been an easy source of money, but to maintain yields they are now turning to unskilled […]

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Fed’s Jerome Powell announces launch of new business loans by June 1

WASHINGTON – Federal Reserve Chairman Jerome Powell said on Tuesday that the Fed’s loan programs for midsize businesses and state and local governments would start operating by the end of this month. Powell said that although the Fed has received “great interest” in these programs, if not enough businesses or state and local governments seek […]

Technical company

NBFCs want MSME credit program to cover personal loans too

Non-bank lenders have requested inclusion of personal loans under government-sponsored Covid emergency credit program Synopsis In a letter dated July 2, the National Credit Guarantee Trustee Company (NCGTC), the nodal body implementing the credit guarantee scheme, clarified that only car loans covered by the MUDRA scheme could benefit from this benefit. Mumbai: Non-bank lenders have […]