Lending

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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CaixaBank and Bankia OK merger to create the best lender

–The boards of directors of CaixaBank and Bankia have approved a merger that will create Spain’s leading national bank – The deal will see CaixaBank take over from its smaller rival, whose shareholders will receive 0.68 shares of Caixa for every Bankia share owned Shareholders are expected to vote on …

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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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A father’s lessons on class warfare in America

Facebook Twitter LinkedIn Reddit E-mail Print Image by F. Muhammad from Pixabay What I remember is my father refueling at an Indianapolis gas station while I waited in the car with my mother and two brothers. It was, as I recall, a summer weekend in the year of the bicentennial, …

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Women in retail: Laura Donahue of CarMax

CARY, North Carolina – To complement our Women in Remarketing and Women in Auto Finance franchises, Automatic remarketing is proud to celebrate our second annual Women in Retail Award, a CarGurus sponsored program. We highlight these winners in the October 15 issue of Automatic remarketing, which includes questions and answers …

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Women in Retail: Celebrity Motor Cars’ Melanie Borden

CARY, North Carolina – To complement our Women in Remarketing and Women in Auto Finance franchises, Automatic remarketing is proud to celebrate our second annual Women in Retail Award, a CarGurus sponsored program. With these awards, we specifically recognize the automotive retail industry leaders, including award-winners from dealerships, dealer groups, …

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American homeowners regret taking out new mortgages

LendEDU has come out with a new report showing too many new US homeowners regretting taking out a new mortgage during the coronavirus pandemic. Most of the homeowners cited cite a layoff from work as a reason for wanting a “makeover” of their mortgage. The report cites data from the …

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