Mortgage demand musters 3.6% growth to kick off August

Zaria Systems, a builder of real-time infrastructure for mark-to-market credit and structured finance, aims to secure a charter for a special-purpose national bank that will limit its activities to the operations of a trust company and related activities, the company said in a Wednesday (Aug. 5) press release. The company filed an application with the…

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“Delaying Social Security until 70 results in an increased monthly payment — and that comes with proportionally higher cost-of-living adjustments.”

Shares of non-banking financial companies (NBFCs) tumbled on Friday, a day after the Reserve Bank of India (RBI) proposed curbs on revolving credit products, with analysts saying the draft rules could slow customer acquisition, weaken loan growth and compress yields for lenders with meaningful exposure.  While Bajaj Finance is seen as the biggest…

United Trust Bank has completed a £505,000 unregulated bridging loan for a property investment company to acquire and refurbish a four-bedroom detached house in Leigh-on-Sea, Essex. The 75% loan-to-value facility enabled the borrower to purchase the property and undertake a £50,000 refurbishment programme over eight weeks. The property was then refinanced onto a buy-to-let mortgage…