Disaster Fund

A practice of India’s largest private lender, HDFC Bank Ltd., of charging a “processing fee” on loan applications submitted with fraudulent documents raises eyebrows. A whistleblower, who has in the past exposed alleged wrongdoing within the bank’s vehicle lending division, wrote to the regulator suggesting that HDFC Bank, in exchange …

WESTLAKE VILLAGE, CA – (COMMERCIAL THREAD) – PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “PennyMac”), leading companies in the residential mortgage lending industry, have announced that they will now offer amounts Expanded Compliant Loan Up To At Least $ 625,000 In All States …

Here’s some hard evidence that small businesses nationwide need help: 1 million of them have applied for a Paycheck Protection Program (P3) loan forgiveness from the US Small Business Administration. This rush of requests comes less than two months after the federal agency opened its SBA PPP direct forgiveness portal. …

A federal appeals court on Tuesday dismissed Oakland’s long-standing lawsuit against Wells Fargo Bank over its practices of lending to minority homebuyers, saying the city had no direct evidence it had suffered financial losses due to foreclosures allegedly caused by discriminatory loans. A federal judge and a panel of the …

This discussion and analysis reflects our audited consolidated financial statements and other relevant statistical data, and is intended to improve your understanding of our financial condition and results of operations. The information in this section is taken from the audited consolidated financial statements, which appear from page 50 of this …

The adoption of technology amid covid-19 in the Indian financial ecosystem is accelerating. Over the past 18 months, banks and NBFCs have quickly adapted to this change. At the same time, we have also seen a record increase in the launch of fintech applications in India. A recent study by …

There was a time when black farms thrived. Just two generations out of slavery, by 1910, black farmers had amassed over 16 million acres of land and made up about 14% of farmers. The fruits of their labors have nourished much of America. Now they have less than 4.7 million …

Getty Whether you are shopping for a mortgage or by exploring a refinance, you may have to deal with the point or credit issue. In short, points and credits are levers you can use to change your interest rate and closing costs. When you “take” points, you’ll pay less over …

Five years ago, a Chicago-area auto lender sold a $ 100 million subprime auto bond contract that the United States Securities and Exchange Commission said was now “secretly stuffed” with “debt. irrecoverable “, disguised to look better than they were in reality, according to a complaint filed by the regulator …

Why can Bajaj Finance be a good bet? Bajaj Finance is an important player in the field of consumer credit, but it has also embarked on other credit segments such as housing, financing of SMEs, etc. when the opportunity arises. ICICI Direct has set a target price of Rs 8,950 …