ON THE MOVE — A federal judge transferred a case brought by Gov. Jim Justice against Carter Bank and Trust to a neighboring Virginia federal court Wednesday. — Steven Allen Adams CHARLESTON — A Virginia-based bank that loaned hundreds of millions of dollars to companies owned by Gov. Jim Justice has
In our latest roundup, alternative lenders take the lead in CRE loans, construction workers worry about artificial intelligence, prospective homeowners express concerns about climate risks, and more! Even as overall real estate sales fell 4% nationwide in the first quarter, luxury real estate sales increased more than 2%, posting their best year-over-year gains in three
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in a Wednesday (April 24) press release. “Odessa’s deep asset finance experience enables the company to offer state-of-the-art auto origination technology on Day 1,” Robert Johnson, executive vice
Italy’s Culture Ministry officially has suspended art loans to the Minneapolis Institute of Art following disputes over the 1st century Roman sculpture “Doryphoros.” Italian authorities believe the statue, which originated in the south of Naples, was illegally excavated in the 1970s. Mia said it purchased it for $2.5 million in 1986 from art dealer Elie
Italy bans loans of works to the Minneapolis Institute of Art in a dispute over an ancient statue Enlarge ROME (AP) — Italy’s Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy
Results of a new survey from PayNearMe show demand for digital payment types and general dissatisfaction with the loan-paying process. Both are omens for the industry. When asked what would make it easier to pay on time, 40% said more payment options. A must-have payment option is mobile wallets, with 59% saying they are likely
Millions of borrowers have had billions of dollars in loans forgiven as part of President Joe Biden’s piecemeal student loan forgiveness efforts which advocates say has been “transformational” for borrowers. File Photo by Bonnie Cash/UPI April 23 (UPI) — In less than a year since the U.S. Supreme Court blocked President Joe Biden‘s student loan
By Niket Nishant and Manya Saini (Reuters) – New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances. The bank’s new management has promised to unveil a turnaround plan this month after losses on
NEW DELHI: Congress leader Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of waiving off loans amounting to Rs 16 lakh crore for his billionaire friends. Rahul stated that this act is a “crime” that the country will never forgive.Gandhi pointed out that the waived-off money could have supplied gas cylinders to the entire
Mayor Ken Hopkins announced the introduction of the Community Septic System Loan Program in the city. This program was developed in partnership with the Rhode Island Infrastructure Bank and the Rhode Island Housing. The Community Septic System Loan Program makes interest free loans available to property owners who are required to repair or replace failing