Financial

Strong FAR Profits As Parent Prepares For Looming IPO

As it continues to prepare for its impending initial public offering (IPO), which would take place by the end of the first quarter of 2021, Finance of America Companies (FOA) – parent company of major reverse mortgage lender Finance of America Reverse (FAR) – shared its second consecutive quarterly report …

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Grinnell eliminates loans, citing coronavirus

Grinnell College on Tuesday announced it would phase out loans – and replace them with grants – for all need-based financial aid programs going forward. The Iowa Private Liberal Arts College said it had acted “in response to the financial hardship many families are experiencing as a result of the …

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Average US debt | The bank rate

While credit has increased the purchasing power of Americans – helping them buy houses, cars and other goods – it is also normalized debt in the United States. $ 14.2 trillion, Americans with an average personal debt of $ 92,727. The overall debt figure includes credit card balances, student loans, …

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‘Dishonest’ Northumbria PC applied for a loan – but didn’t admit his mortgage was past due

A PC applied for a loan from the police – but did not disclose his mortgage was past due. Northumbrian Police Constable Catherine Baxter applied for the loan through the police credit union. The non-profit organization offers loans of up to £ 25,000 exclusively to officers, with no prepayment penalties. …

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Transactions and Funding: Capital Senior Living Sells Ohio Community; NHI $ 22 million development loan

Sales and operator transitions Capital Senior Living Completes $ 18M Sale of Ohio Community Capital Senior Living (NYSE: CSU) has completed the sale of a retirement home in Canton, Ohio. The sale price was $ 18 million and provided $ 6.4 million in net cash proceeds to the operator. Additionally, …

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NOTICE OF COUNCIL MEETING / AGENDA TUE 21 – Albert Lea Tribune

Shell Rock RiverBoard meeting Notice is hereby given that the Shell Rock River Watershed District (SRRWD) will hold the monthly Board of Directors meeting by teleconference as provided in Minnesota Statute 13D.021 Sub (1) on March 9, 2021 at 8:30 a.m. The meeting will be recorded and available through www.shellrock.org. …

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Trump has vowed to waive interest on student loans, but it’s unclear if borrowers will see immediate relief

Three days after President Trump announced he was waiving interest on federal student loans “to help students and their families” during the coronavirus crisis, the Education Department has released no details of the plan , leaving questions unanswered as to whether the borrowers’ monthly payments will actually go down and …

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HSBC admits failure to meet rebound loan target

Rishi Sunak showed the spirit of Dunkirk when he announced his promise to deliver “whatever it takes” to keep SMEs in business. However, some UK banks simply cannot deliver. Tens of thousands of apps are blocked in banking systems. HSBC tweeted that although they try to clear the backlog, they …

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Our View: St. Peter’s Business Assistance Program Shines | Editorials

Kudos to the town of Saint-Pierre and its businesses for what clearly appears to be a successful business assistance program in the midst of the pandemic. The city, like others in the region, has created a local fund-based business assistance program that provides grants and loans to businesses, with some …

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Best Providers of Treasury and Cash Management: Middle East

Leading Middle Eastern banks are streamlining business services and working to meet growing demand for self-service solutions. Each economic crisis becomes a liquidity crisis, forcing banks and their corporate clients to take measures – some innovative – to maintain their cash flow during the emergency. To help expand its liquidity …

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