Liberty Mortgage Corporation strengthens its presence in New York State by acquiring the residential mortgage business of Sterling national bank, the main subsidiary of Sterling Bancorp. The deal represents Freedom Mortgage’s second acquisition in just over a month, as in early July, Freedom officially acquired the origination assets of JPMorgan Chase‘s rural housing business. Today, …

FRANKFURT, June 21 (Reuters) – Germany’s Commerzbank has launched a peer-to-peer lending platform to match small businesses seeking finance with institutional clients seeking better returns on their investment. The service will allow small businesses to borrow up to 10 million euros ($ 11.3 million) with maturities of up to five years, Germany’s second-largest lender said …

Rocky Boy’s Preserve is located in the Bear Paw Mountains and is home to members of the Chippewa Cree tribe. HOLLY MICHELS, Gazette staff Associated press HELENA – An online loan company owned by the Chippewa Cree tribe of Montana is splitting up with its non-Native American partner, who, according to a lawsuit, controlled the …

One of the rallying cries of new companies trying to supplant old banks is “transparency”. While in the past, it is said, banking was opaque and shrouded in mystery, in the future the financial system will be easier to inspect and therefore crises will be more effectively prevented. There are many flaws in this reasoning, …

Last week, BetaKit wrote about Toronto-based FinTech startup Lending Loop’s decision to voluntarily suspend new loan applications on its platform. The company, which describes itself as Canada’s first and only peer-to-peer lending marketplace for small and medium-sized businesses, has also begun talks with unnamed securities regulators. The company previously told the Financial Post that …

Opinion Alternative loans have become an important part of the financial landscape. The two main lending business models in this industry are market loans and balance sheet loans, which differ mainly in the spread of risk and the amount of return. Composite loans link these models together and bring the benefits of market lending to …

Matt Flannery In 2005, American Matt Flannery started Kiva, a non-profit organization that allows people to lend money via the Internet to low-income / underserved entrepreneurs and students around the world. By June 2014, the platform had reached 1.3 million small businesses who received nearly $ 600 million in loans. Last year, Flannery resigned as …

Some Harmoney investors complain about a lack of transparency. Photo / Getty Images Some people are unhappy with the billing model of peer-to-peer companies. Investors fall in love with New Zealand’s leading peer-to-peer (P2P) lender. Harmoney was launched last year and investors have appreciated the opportunity to earn higher returns than bank loans. But many …

With massive equity and debt financing of $ 275 million, the next-gen loan company Serious now has the firepower and strategic partners to become a more complete financial services company. The lending segment of the financial services industry has been one of the areas that has generated the most interest from venture capitalists with mature …

General Electric Co. has agreed to sell its Australian commercial lending business to Sankaty Advisors, the global credit arm of Bain Capital, dismantling another key part of GE Capital in Asia. The operation, which will be financed by Deutsche Bank, is valued at around A $ 1.9 billion ($ 1.34 billion) including debt, according to …

Launching today with seed funding of $900,000, Ledge is an app that makes it easy for users to borrow money from their peers. Everyone knows how difficult it is to lend money to family or friends. The process is tricky and most people never get their money back. Ledge attempts to solve this problem by …

Mohamed El-Erian YouTube / TEDx conferences Mohamed El-Erian is entering the peer-to-peer lending sector. The former PIMCO CEO is the main investor in the first $ 12 million fundraiser for a new Orange County-based peer-to-peer lending company called Payoff, according to the Financial Time. Payoff says it will grant loans online more efficiently than traditional …

HELENA – Former tribal health director Chippewa Cree and two former executives of a tribe-owned online payday loan company have secretly received 7% of the revenue of the company which has made $ 25 million since 2011, revealed new court documents. Details of hidden payments made to former Plain Green executives Neal Rosette and Billi …

I spoke with Sam Hodges, CEO of Funding Circle USA, about the success of Funding Circle and his take on how this business model is an alternative to small business loans. Sam got his start after being kicked out of banks for 96e time trying to get a franchise loan. Even though they had an …

Confirming our previous report, peer-to-peer lender Social Finance said it closed $ 80 million in new financing as it looked to expand its lending operations to mortgages and personal loans. The new round was led by the hedge fund Discovery capital management and included engagements from Wicklow Capital and billionaire investor Peter Thiel – who …

[This is the first in a two part series on the Chinese p2p lending market. Tomorrow we will bring you an exclusive interview with a senior executive at the world’s largest p2p lender.] Quick quiz, what is the biggest e-commerce company in the world? Amazon? Ebay? Wrong. It’s the Alibaba group in China, which is …

Small businesses have been called the lifeblood of our economy, and today a financial services startup has secured significant funding to help it run better. Funding Circle, a UK-based peer-to-peer lending platform that allows individuals and institutions to lend money to small businesses, has secured $ 37 million in funding. At the same time, it …

John Shinal, USA Special TODAY | USA TODAY SAN FRANCISCO – In the brief history of the Internet, the global network has yet to meet a large retail industry from which it cannot extract much value. Think about how we all bought music, books, movies, fashion, and travel services. Today, these industries provide a large …

The loan company Loan volume increased by more than 83% in 2012 compared to 2011, with rapid expansion of Southern California offices in San Diego, Orange, Los Angeles and Ventura counties. Phoenix, Arizona (PRWEB) February 05, 2013 The outlook for mortgage lending activity for 2013 is positive, with real estate markets continuing to improve in …

Bethel Finance, a Harare-based money lending company, reportedly lost more than $ 30,000 to a Battery World Never Munhumayengwa accountant, who allegedly obtained cash loans on behalf of ghost workers. Munhumayengwa (42) is said to have used various bank accounts that the police suspected of belonging to his friends from which he would have accessed …