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It’s All Debt to Me – Credit Slips
It’s All Debt to Me, by Professor Kate Elengold, is a newly available article sure to be of interest to many Credit Slips readers. Check out the abstract and read the paper by clicking on this link, but in the meantime, an observation from the article’s conclusion, coupled with the article’s graphic of a set…
Ontario mortgage broker faces licence loss in FSRA trust account action
On the corporate side, FSRA alleges that Capitis contravened the MBLAA and its regulations in the operation of its mortgage administration business — specifically, that the company misused its trust account and mishandled mortgage funds, contrary to sections 23(1), 35, and 37 of Ontario Regulation 189/08. Those provisions set out strict requirements for how mortgage…
Activist investors demand changes at Alabama community bank
Key insight: After private meetings with executives allegedly yielded few results, two activist investors have published a letter outlining their concerns, beginning what they say will be a persistent pressure campaign. Supporting data: In this year’s first quarter, expenses at United Bancorporation of Alabama rose by 15% year over year, while total loans grew by…
We Quit Our Jobs To Turn an Old Manor Into Our Own ‘Gilmore Girls’ Dream
Most people can’t imagine walking away from a stable 9-to-5 career in order to run their own business. In fact, for many, turning a passion project into a full-time job will never be more than a dream. But sisters Kristen and Kathryn Groom aren’t most people. Today, the two siblings are living out a real-life…
How Can a Bridge Loan Help Fund a Property Renovation Project?
Introduction: In this article, I’ll explore how a bridge loan can be a valuable financial tool to fund a property renovation project. Renovating a property can be an exciting venture, whether for personal use or as an investment. However, renovations can quickly add up, making it challenging for individuals or investors to access the…
Worried about an AI bubble? These investment trusts could help
Is the shine coming off the Nasdaq 100? The index – effectively a benchmark for US big tech, since it includes the largest 100 stocks listed on its namesake exchange but excludes finance companies – reached an all-time high of 30,730 on 3 June. Over the next month, the index fell by 4.6%. Try 6…
