Monthly Archives: November 2013

Oak Street Funding Boosts Credit Facility to $125 Million With DZ BANK AG

Posted by & filed under Commercial Loans.

INDIANAPOLIS, IN–(Marketwired – Nov 20, 2013) – Oak Street Funding (www.oakstreetfunding.com) continues to grow its position as the leading lender to the insurance industry by increasing its lending capacity with DZ BANK AG (Deutsche Bank Zentral-Genossenshaftsbank), one of the worlds largest banks with offices in key financial centers and economic regions worldwide. Oak Street Funding, […]

Auto loans going subprime

Posted by & filed under Auto Loans.

* As borrowing standards loosen, investors snatch up more precarious bonds tied to car loans SOUTHFIELD, Mich. — Houston car dealer Alan Helfman served a woman in his showroom last month with a credit score lower than 500 and a desire for a new Dodge Dart for her daily commute. She drove away with a […]

Moody’s Says Banks Making Riskier Corporate Loans: Is The Fed Happy Now?

Posted by & filed under Commercial Loans.

Regional banks in the US have sharply increased their corporate lending at the expense of underwriting standards and loan pricing, Moodys has warned. So writes Tracy Alloway in the Financial Times this morning. Over the twelve months ending in September, Alloway writes, commercial and industrial loans (Camp;I loans) have risen by 7.4 percent, year-over-year, while […]

Customers Display Satisfaction With and Appreciation for Their Experiences …

Posted by & filed under Auto Loans.

Seattle, WA (PRWEB) October 25, 2013 From its beginnings almost a year ago, Complete Auto Loans has been in the business to provide excellent loans to car buyers. Despite credit history, bankruptcy, or similar situations, CAL has helped customers using a business model that delivers results: with its extensive lending network, 98% of all customers […]

Mantega’s Austerity Pledge Doubted on Cheap Loans: Brazil Credit

Posted by & filed under Credit.

During the depths of the financial crisis, Brazil began providing the nation’s most heavily discounted loans through state banks. Now, the program is being extended, deepening skepticism among bond investors the country has the wherewithal to rein in subsidized credit to avoid a downgrade. The Treasury’s Program for Sustainable Investment, initially aimed at restoring growth, […]

News Summary: Average credit card debt dips in 3Q

Posted by & filed under Credit.

UNTIMELY PAYMENTS: Credit reporting agency TransUnion says more US borrowers fell behind on their credit card payments in the third quarter, when many consumers traditionally hit stores for back-to-school needs. But they remained stingy about carrying higher credit card balances. DELINQUENCY RATE: The rate of credit card payments at least 90 days overdue was 1.36 […]

Deal of the Day: KIT Federal Credit Union Auto Loans at 2.92% APR

Posted by & filed under Auto Loans.

While shopping for a car, buyers should take the time to shop for an auto loan, too. Doing so can save hundreds of dollars in interest over the life of a loan with a lower rate, and banks and credit unions often offer lower rates than dealer financing. KIT Federal Credit UnionĀ auto loansĀ are one such […]