A severe downturn in the US commercial real estate property sector has already sent some banks in New York and Japan into full-blown crash mode because of their high CRE exposure. This turmoil is now beginning to affect European banks as well. Bloomberg reports that real estate-focused German lenders were hammered this week after Morgan Stanley […]
Posts Tagged ‘lenders’
Are Nonbank Mortgage Lenders Good For Minority Borrowers?
Above Photo: Mikes pics. Complaints charging two lenders with anti-Black business practices raise questions about growing industry sector. A loan officer at a mortgage company questions a Black loan applicant about household debts, but subsequently invites a less creditworthy white borrower to fill out an application with “no inquiry about credit standing or debts.” He then […]
How NYC Taxi Drivers Took On Predatory Lenders And Won
Above Photo: A Person Attends A Protest By New York Taxi Drivers About Debt Relief In New York On Oct. 20, 2021. Carlo Allegri / Reuters File. After a two-week hunger strike and two months of sit-ins, dozens of taxi drivers in New York City hosted a long-awaited celebration outside City Hall on November 10. […]
Lenders Deny Mortgages For Black Homeowners At A High Rate
Above photo: Black homeownership. By Shannon Wright for NBC News from The American dream while Black: Locked in a vicious cycle. This Black borrower has an outrageous story about his mortgage refinance. When the coronavirus struck the U.S. in early spring, and the stock market went into freefall, mortgage rates also began to plummet. Thousands of homeowners […]
Imam Khamenei: Those Standing against Syria Hostile to Islam
Supreme Leader of the Islamic Revolution in Iran, Imam Sayyed Ali Khamenei, stressed his country’s firm support to Palestine and Syria. Imam Khamenei received the head of the Palestinian Islamic Jihad movement Ramadan Abdullah Shallah and his accompanying delegation on Sunday. “Since from the very beginning, the Islamic Republic of Iran considered supporting Palestine as […]
Would NCUA’s Wall St Bonus Pay Restriction Stop a Bank Bail-In?
Susanne Posel ,Chief Editor Occupy Corporatism | Media Spokesperson, HEALTH MAX Brands The National Credit Union Administration (NCUA) released a 500 page proposal in collaboration with the US Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corp. (FDIC) aimed at restricting large financial institution’s incentive-based compensation to prohibit executive […]