P1 Platform has partnered with a fintech firm to offer Lombard loans of up to £5mn to advisers and their clients. P1 Investment Services, operator of the P1 Platform, has partnered with fintech Firenze, which launched in January, to broaden access of Lombard loans. Lombard loans are traditionally reserved for private banking customers and are not widely available to much
If you’re entering the homebuying market for the first time, you might be overwhelmed by the number of loan options available. With so many options available and interest rates still high, it can be hard to tell which mortgage is right for you. A conforming loan is a type of conventional mortgage that allows homebuyers
OKLAHOMA CITY — The first $23.4 million from the Oklahoma Housing Stability Program was awarded to nine projects by the Oklahoma Housing Finance Agency Board during its last meeting. The program provides no-interest loans for construction of single-family homes for purchase and single- or multifamily homes for rent. The board awarded almost $15.5 million in
The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. The lawsuit also alleged that SoLo Funds misrepresented the cost of loans, made false threats, collected money consumers didn’t owe, and created a credit scoring model with no safeguards, the agency said in a Friday (May 17) press
Even in a frozen housing market, some are living out the American dream by purchasing a home, getting a mortgage, and putting just 3.5% down. The only type of mortgage loan that has even ticked up in the past two years are Federal Housing Administration (FHA) loans, according to data released today by consumer credit
College graduation season is underway, and nearly 3.2 million students are slated to pick up their associate or bachelor’s degree diplomas this spring, according to the National Center for Education Statistics. When the cap tosses and festivities wrap up, it’ll be time for job applications, apartment leases — and student loan payments. It can be
Eleven years ago, Think Finance was named one of Forbes’ most promising companies. Now, the online lender is bankrupt, with the Consumer Finance Protection Bureau (CFPB) saying it defrauded hundreds of thousands of consumers. The bureau on Tuesday (May 14) announced it had distributed more than $384 million from its victims relief fund to about 191,000 consumers who, according to
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WINSTON-SALEM — The City of Winston-Salem is working with community outreach programs to assist residents with a new loan project. The Neighborhood Services Department held its first meeting tonight with Transforming Urban Residential Neighborhoods Program, or better known as “TURN” to provide resources to Winston-Salem homeowners. Through TURN, Residents in applicable zones can apply for
In remarks regarding the growing unrest on college campuses nationwide last Thursday, President Biden denounced the violent acts associated with many of the demonstrations and the growing wave of antisemitism on college campuses. But, as the saying goes, talk is cheap. There’s one simple way to give his position teeth: Congress should enact legislation prohibiting