Lending

Asian equities slide amid rising EU-China tensions

(RTTNews) – Asian stocks fell sharply on Tuesday after a coalition of Western nations announced sanctions against Chinese officials for alleged human rights violations against Uighur Muslims. China immediately announced retaliatory sanctions against the EU that appeared broader. China’s Shanghai Composite Index fell 31.93 points, or 0.93 percent, to 3,411.51 …

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The lender intensifies the control over the home loans

The COVID-induced crackdown on home loan functionality continued with another lender reducing its risk appetite. BOQ Group (includes Virgin Money) has revised its credit policy for home loan applications as part of its “ongoing commitment to responsible lending.” The bank informed brokers that with immediate effect it will carry out …

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N1H increases the lending capacity of SMEs

reporter 06:45, 17 September 2020 4 minutes of reading Commercial, financial and real estate services firm N1 Holdings has expanded its SME lending capacity and AFSL approvals. ASX listed Commercial, financial and real estate services firm N1 Holdings announced that it now has approximately $ 27 million in commitments consisting …

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Brokers welcome lenders’ return to 90% LTV

Mortgage brokers welcomed news of lenders reintroducing 90% of loan-to-value products after a shortage during the pandemic. Corey Whelan, director of Cambridgeshire Money, described the return of lenders to the 90% LTV market as a “vote of confidence” in the real estate market. Mr. Whelan added: “I’m definitely seeing more …

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Brokers baffled by Barclays’ LTI move

Barclays took brokers by surprise after backdating a change to its lending criteria. On September 4, Barclays lowered its maximum loan / income multiple from 5.5 times to 4.49 times for residential applications. While the changes to the lending criteria are not unexpected, the lender also implemented its updated maximum …

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Lightning’s Alex Killorn nominated for Masterton Trophy

The Tampa Bay chapter of the Professional Hockey Writers Association named Alex Killorn for this year’s Bill Masterton Memorial Trophy. In announcing his appointment, the chapter cited Killorn’s success on the ice, leadership off the ice and impact on the community. The Masterton Trophy, named after the only NHL player …

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