Monthly Archives: April 2013

Tips on Applying for Personal Loans Online

Posted by & filed under Personal Loans.

In financial emergencies, when one cannot come up with cash in proportion to need, then the closest alternative available is that of a loan. There are various types of financing available in the market like auto loans, mortgage loans etc. But one of the most common types of financing present in the market is the […]

Payday loan debate postponed after heated argument

Posted by & filed under Payday Loans.

The Senate sponsor of a bill regulating payday loans agreed to delay his proposal, but not before suggesting that some fellow lawmakers were acting as “shills” for the short-term credit industry. Sen. John Carona, R-Dallas, said he negotiated all night to win enough votes to bring the controversial measure to the floor, but some lawmakers […]

The exception that swallowed the rule

Posted by & filed under Commercial Loans.

Nonrecourse loans are popular among commercial real estate owners because the Lender agrees only to seek recourse against the real estate and other collateral securing the loan in a default or loss situation. Unless the loss is caused by a bad boy act, the borrower and/or principal will not be held personally liable.Bad boy acts, […]

Rate cap, six loan yearly limit sought for payday loans

Posted by & filed under Payday Loans.

MONTGOMERY, Alabama – The Senate Banking and Insurance Committee will hold a public hearing this morning on a bill that would put new regulations on the payday loan industry. A group of organizations in favor of putting reins on the industry praised the legislation, even though the proposed rate reduction is a fraction of what […]

Where Is Bank Of America Heading?

Posted by & filed under Commercial Loans.

By Cagdas Ozcan Bank of America (BAC) released its 1st quarter earnings. The banking giant reported significantly improved earnings. Yet, investors received the news not with optimism, but in a negative light. As a result, BAC shares took a plunge on the day the financial report was released. By the end of the day, BAC […]

Renasant sees post-merger earnings increase

Posted by & filed under Commercial Loans.

TUPELO — Renasant Corporation has released its financial results for the first quarter of 2013. Net income for the first quarter of 2013 was $7,571,000, or basic and diluted earnings per share (EPS) of $0.30, as compared to $5,974,000, or basic and diluted EPS of $0.24, for the first quarter of 2012. Our strong start […]

Credit Cards And Banking Growth Fuel Discover Financial’s Growth

Posted by & filed under Personal Loans.

Discover Financial (DFS) reported a 10% year-on-year growth in revenues for the first quarter of 2013. This growth was helped by the companys Discover Home Loans business which was launched last June, after acquiring Home Loan Center assets from Tree.com. Discover originated close to $1 billion in direct mortgages for the quarter. We saw organic […]