Arcus Lending Expands its Mortgage Origination Services into Oregon Arcus Lending, a California direct lender has recently acquired an Oregon mortgage license to expand operations into the Northwest.

Tweet Link this Share this By Fiona Shaikh and Peter Griffiths LONDON (Reuters) – Approvals for home loans fell to an 8-month low in February, and banks expect to tighten lending in the next few months, Bank of England data showed, highlighting the tough path ahead for the… Email Print

WASHINGTON, Mar 29, 2012 (BUSINESS WIRE) – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $250 million in financing to help India’s premier infrastructure lender expand its lending to renewable energy and infrastructure projects, providing much-needed long-term capital to the country’s effort to keep [...]

The State Council has earmarked Wenzhou in Zhejiang province as a pilot zone for financial reform, which will allow local residents to invest overseas and set up loan companies. The proposed reform, which will standardize and regulate private fund-raising and loans, is of importance not only for Wenzhou but also the rest of the country. [...]

PT Bank Central Asia (BBCA), Indonesia’s largest financial services company by market value, posted a 27.6 percent gain in 2011 profit from a year earlier, as demand for credit climbed on faster economic growth. Net income at the Jakarta-based bank increased to 10.8 trillion rupiah ($1.2 billion) from 8.48 trillion rupiah a year earlier, the [...]

HONG KONG Industrial amp; Commercial Bank of China Ltd. (1398.HK), Chinas largest bank by assets, said Thursday its loans to local government financing vehicles were of high quality, and 90% of such lending was covered by cash flows. Li Xiaopeng, a vice president at ICBC, said the bank had CNY680 billion ($108 billion) worth of [...]

FRANKFURT, March 28 (Reuters) – Key euro zone bank-to-bank lending rates hit a fresh 20-month low on Wednesday, weighed down by excess cash the European Central Bank has pumped into the financial system to revive the interbank market and encourage bank lending. Euribor rates have dropped by more than 40 percent as a result of [...]

Full documentation is necessary for employment, income and assets in order for the lender to verify the information presented on the mortgage application. Private mortgage insurance is required for conforming mortgages with less than 20 percent down payment. For borrowers who have existing mortgages with Fannie Mae and Freddie Mac, a mortgage refinance is possible [...]

SUZANNE LYNCH MORTGAGE ARREARS are hampering the ability of banks to lend to small and medium-sized enterprises (SMEs), the president of the Irish Banking Federation has said. In effect, loans in arrears utilise scarce capital to the detriment of other lending such as SME finance and new house purchase, John Reynolds, who is also chief [...]

Overdrive and public libraries will begin dispensing the Harry Potter eBooks that were just released today. People have been waiting for the digital versions for a long time and now you can read them for free! It was confirmed that Overdrive would begin lending out the Harry Potter Books around six months ago. In the [...]