Archive for May, 2008

Lack of checks and easy money threaten home loan crisis in UK

Tuesday, May 27th, 2008

Lack of checks and easy money threaten home loan crisis in UK
Thousands of homebuyers with credit problems were allowed to take out huge loans by mortgage lenders and brokers without any checks on their income, according to an investigation by the chief financial watchdog.

General Electric May Sell Its Wizard Australian Unit (Update2) - Bloomberg

General Electric May Sell Its Wizard Australian Unit (Update2)
Bloomberg - 7 hours ago
The Fairfield, Connecticut-based company may sell Wizard home loans, move it into a joint venture or take on a partner to help run the company, Mike Cutter,
General Electric May Sell Its Wizard Australian Unit (Update1) Bloomberg
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Making UK Mortgages More Accessible

Monday, May 26th, 2008

Making UK Mortgages More Accessible
Making UK Mortgages More Accessible by Joseph Kenny. you have recently bought a new car on hire purchase and will be making hire purchase payments for the next three years, these hire purchase payments will be deducted from your salary and what …

Channel Metrics: UK Loan Payment Protection Insurance
Channel Metrics is a series of 25 briefings and an overview report based on original consumer research with a total sample of 3600 respondents investigating trends in consumer distribution channel usage in UK financial services. In addition to …

U.K.’s Prudential Expands Into Vietnamese Consumer Finance Market

Monday, May 26th, 2008

U.K.’s Prudential Expands Into Vietnamese Consumer Finance Market
U.K. financial services group Prudential plc is expanding its presence in Vietnam with the launch of a consumer finance business.Prudential (LSE:PRU) said it launched Prudential Vietnam Finance Co. to provide individuals and businesses with personal loans, sales finance and home mortgages. Other products, including credit cards, will be offered a

Senate Committee Votes To Fingerprint Lenders - Slashdot

Senate Committee Votes To Fingerprint Lenders
Slashdot - May 24, 2008
I’m not in the US, and not familiar with Lending Club, but I have used Zopa in the UK, and I’ve never by n3tcat (664243) I wonder what this would do for

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