Higher default risk flagged as US car loan terms lengthen

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Lenders in America’s $1.2tn car-loan market are extending terms for as long as eight years, meaning they face a greater risk of defaults and meagre recovery values. Banks and non-banks...

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U.S. mortgage applications fall as loan rates hit four and a half year peak: MBA

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NEW YORK (Reuters) – U.S. mortgage applications fell last week as interest rates on some 30-year fixed-rate home loans reached their highest levels in more than 4-1/2 years, the...

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SBA Approves $500+ Million Disaster Loans in USVI

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he U.S. Small Business Administration (US-SBA) has now approved over $500 million in low-interest disaster loans for Virgin Islands’ businesses and residents affected by hurricanes Irma and Maria, according...

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China set for fewer World Bank loans in US fundraising deal

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The World Bank is set to change its lending model so that China will receive fewer loans as part of a deal with the Trump administration to secure its...

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Microloans a glimmer of hope for small businesses in need

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Three weeks after the February 2016 launch of New York-based event marketing company The XP Agency, the company landed its first client. “In order to complete the project, we needed...

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