Posts in category

Loan sell


Finance Minister Paschal Donohoe told the Financial Services Union he had no formal authority to prevent the potential sale of Ulster Bank’s loan portfolio in the Republic. In a meeting with the union on Monday, which both sides described as productive, Mr Donohoe reportedly told union officials that he had no formal role in Ulster …

Farm4me, an agribusiness company, recently boosted farming activity with the launch of its revolutionary online platform that allows farmers to sell farm produce and get loans. The website www.viablex.com also offers commercial farmers the opportunity to buy produce and store it online until the prices are high and they can trade and make a profit. …

Student loan giant SLM Corp., known as Sallie Mae, warned investors last year that the new accounting rules for bad loans would skew its balance sheet so much that it would have to resort to unofficial action to pass his financial health. The company reversed course on Thursday, saying it would introduce official accounting measures, …

As a result, the share of mortgages in total volumes was also reduced to 30% of total volumes in S1FY20, compared to around 45-50% of total volumes in FY18 and FY19. Sales of loan pools have become the main source of funds for non-bank lenders. Since the IL&FS crisis in September 2018, non-bank finance companies …

Today the government sold student loans worth £ 900million to a private debt collector for the bargain price of £ 160million, in a deal that includes all student loans taken out before 1998. But this outrageous move is likely to be right around one of the “Great Student Loan Giveaways”. In today’s story, the government …

Birmingham’s new hospital built on a PFI scheme – loans to government-backed infrastructure projects such as this make up the debt purchased by the Danish pension fund Institutional investors are starting to turn to infrastructure loans, which banks are expected to start selling, along with other assets, to meet the capital requirements of future Basel …