City regulator the Financial Conduct Authority has announced plans for a consultation on a redress scheme for motorists who were mis-sold car finance, with victims sharing up to £18billion 19:11, 03 Aug 2025Updated 19:23, 03 Aug 2025 Motorists caught in a car dealer commission scandal could in line for pay-outs – but it’s likely to
The interest in home loans continues its up and down pattern. Mortgage applications decreased 3.8% for the week ending July 25, according to the Mortgage Bankers Association. The downturn comes after a slight 0.8% uptick last week. In addition, mortgage interest rates remained fairly steady at 6.74% for a 30-year fixed mortgage, for the week ending
Buying a home is exciting, but for many millennials, it’s not all nesting and redecorating. In fact, a recent Hometap survey of 1,000 homeowners revealed that millennials are more stressed about paying their mortgages than any other generation. “Millennials have a lot on their cumulative financial plates—thanks to soaring home values and corresponding large mortgages.
Home loan applications ticked up slightly to 0.8% for the week ending July 18, according Mortgage Bankers Association (MBA). The slight increase comes after applications decreased 10% the week prior. Any movement in a positive direction is good news after mortgage interest rates continued to climb. The average interest rate on a 30-year fixed rate
A new BBC Radio 4 documentary has shed further light on the car finance scandal, which saw lenders allowing dealers to adjust interest rates they offered customers buying a vehicle on finance Julie Delahaye Digital Travel Editor & Commercial Content Lead 10:53, 14 Jul 2025 Brits were sold higher rates than necessary(Image: Getty Images/iStockphoto) A
Springfield has seen its share of severe weather this spring and summer, with several damaging high wind and flooding events. Now, those who suffered physical or economic losses in the initial April 29 storm may take advantage of low-interest federal disaster loans. The U.S. Small Business Administration issued a disaster declaration in late June in
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Private-equity giant Blackstone (NYSE: BX) recently acquired $2 billion in discounted commercial real estate loans. The company has been aggressively buying commercial loans for much of the last two years, and the latest acquisition brings the total value
It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is
The country’s big banks will report their latest quarterly results this coming week. Analysts expect that profits will beat expectations, in large part because banks’ trading and investment banking desks have been pulling in more revenue. But the old-fashioned business of taking in deposits and making loans has been a mixed bag lately. Demand for
From looking at the stock market this week, you wouldn’t think that the United States intervened in a military conflict in the Middle East over the weekend. Monday saw some dips and slight drops, but the market rebounded and closed up almost 1%. So far on Tuesday, markets are surging, with the S&P 500 hitting