Navient must face Pa. lawsuit for alleged predatory lending
A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.
California
Home equity gains fall to two-year low
As home value appreciation slowed, gains in home equity for the third quarter fell to the lowest level in two years, according to CoreLogic's homeowner equity report.
How working with Freddie could boost one bank’s profit
First Foundation sold loans to Freddie Mac to free up space for higher-yielding credits. It then bought the securities that were formed to replace other, lower-yielding assets through an often overlooked program.
Opinion Gov. Brown should veto California’s small-business lending bill
The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.
D. Michael Monk
Commercial Finance Association
LendingClub loss widens on legal, regulatory and impairment costs
The marketplace lender recorded an impairment charge tied to the acquisition of a specialty lending business and is still being hit with costs stemming from the scandal that toppled its previous CEO.
By
Andy Peters
How California’s proposed building standards will boost solar ABS
Requiring solar panels for all newly constructed residences is good news for investors who finance these systems, if only because it will help keep developers afloat, according to Moody’s Investors Service.
Inventory shortage to drive home value increase in 2018
Home values grew during 2017 at their fastest pace in four years and the same supply and demand dynamics behind that increase remain in place for 2018.
Elimination of SALT deductions could be a reason to move: Redfin
Regulatory changes that would put an end to state and local tax deductions could prompt many homeowners in high-tax states to consider relocating, a Redfin survey shows.
PACE lenders welcome approval of Calif. bills increasing oversight
Cisco DeVries, the chief executive of Renew Financial, said the bills will bring much-needed stability to Property Assessed Clean Energy, which uses a property assessment to finance upgrades.
By
Glen Fest
