Regulation Pressures Depress Bank Profitability
Monday, July 21
“Nobody is going to invest in an industry with returns of 5 percent,” this from Christopher Flowers, a US private equity investor who specializes in financial services. As reported by the Financial Times, Mr. Flowers names regulation as the primary reason that banks profits have taken such a hit,...
5 Best U.S. Cities to Buy Rental Properties
Wednesday, July 16
According to RealtyTrac, there are a few U.S. cities to watch out for in terms of purchasing buy and hold rental properties. These cities include:1.Anderson County, South Carolina2.Sioux City, Iowa3.Gainesville, Florida4.Washington D.C.5.Columbia, South CarolinaAccording to the report, U.S. count...
The U.K.'s Most Hated Industry Capped on Loan Shark Rates
Tuesday, July 15
The U.K.’s payday loan industry has come under fierce regulation and the industry’s interest rates will be capped by January of 2015. This means that total interest charged on short-term consumer loans, e.g. payday loans, cannot be higher than 0.8% per day (of principal balance borrowed). The cap...
Underwater Homeowners Up for Air Ready to List Homes
Friday, July 11
Many homeowners who have been nearly underwater on their homes are starting to come back to the surface for air. Many of them are thinking of listing their homes and with few alternatives for cash to fix up a property, a homeowner who wishes to sell has to get creative. There are so many little t...
Consumer Loan Late Payment Delinquencies at Record Lows
Thursday, July 10
U.S. Consumers are making their loan payments on time, according to a recent ABA report. As reported by American Banker, “The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter.” HELOC payments were also reported to have fallen to th...
Private Money Mortgages Help Borrowers with Bad Credit
Wednesday, May 14
There are few options for home loans for borrowers who have had bankruptcies, foreclosures, or short sales in recent years. You can’t get a payday loan on a house, and hard money loans are also not an option. And with the new ‘Qualified Mortgage’ rules that went into effect in January, even the...