The sun is high, the temperature is rising, and with COVID restrictions being lifted around the U.S., Independence Day marks the first opportunity for many to embrace a gathering around the barbeque or a group trip to the beach. It’s also a pivotal moment for...
Those looking to get home loans will now be able to do so through American Express (Amex) and its new partnership with two FinTechs, Better and Rocket Mortgage by Quicken Loans, CNBC reported Wednesday (June 30). Those who are Amex customers who get mortgages from...
Payments and shopping platform Klarna is collaborating with embedded business finance firm Liberis to offer merchants revenue-based loans and other financial services. Rob Straathof, CEO of Liberis, said in a press release on Tuesday (June 29) that the company is “proud” Klarna chose its team...
Last year was a record year for Americans taking out mortgages. And as The Wall Street Journal reported Tuesday (June 22), most of those mortgages came from non-bank lenders. These lenders issued 68 percent of all mortgages in the U.S. in 2020, up from 58.9...
An estimated 10,000 U.S. baby boomers turn 60 every day, and they need money to rebuy the entire Beatles catalog in whatever new format we’re using this year. They’ve been doing this roughly once a decade since age 10. Bless your heart, planned obsolescence. A...
Goldman Sachs has loaned more than $5 billion to SoftBank, making the New York investment bank one of the biggest lenders to the Japanese conglomerate. As Bloomberg News reported on Thursday (May 27), Goldman was SoftBank’s fourth-largest lender for the 12-month period ending March 31,...
The current risk-based pricing model for lending has allowed more consumers to qualify for credit, while alternative data sources could help consumers without traditional credit histories build credit, an industry representative said during a Wednesday (May 26) House subcommittee hearing on consumer credit reporting. “The...
More than one in 10 mortgage borrowers participated in a mortgage forbearance during the past year for at least a month, but many of them left forbearance by March 2021, officials from the Federal Reserve Bank of New York said in a Wednesday (May 19)...
Long after nearly $800 billion in Paycheck Protection Program (PPP) life-line loans were rapidly dispersed to ailing businesses during the height of the pandemic, a much more methodical accounting of the process has revealed its strengths and weaknesses — at least for the many upstart...
