A pre-foreclosure action was filed on the loan secured by 3,531 residential rental units in Manhattan, Brooklyn, Queens and ...

Secured debt uses an asset as collateral to secure the loan, while unsecured debt doesn’t require any collateral. If a ...

CIB Kenya had moved to court seeking an “informal charge” order to attach a parcel of land owned by the firm in Nairobi as collateral, pending the hearing and determination of a suit on the debt.

A Greenfield developer faces a lawsuit from a local banking company after defaulting on nearly $7 million in construction ...

Many federal student loan borrowers could face a significant change this year, as missed payments could begin to affect their ...

Before buying a home, you’ll need to know how much house you can afford. Your budget is determined by many factors, but the ...

The devastation of communities across Southern California will, inevitably, cause tremendous stress on the banks that serve ...

As cycle plays out, personal guarantees from Chetrits, Aby Rosen are coming into play, giving lenders more grist for lawsuits ...

THE Government Service Insurance System (GSIS) has launched a loan consolidation program offering relief for indebted government workers. “Through the MPL (Multi-Purpose Loan) max, we are throwing a ...

The Government Service Insurance System (GSIS) on Monday launched a loan buyout program offering government workers a chance ...

Padma Bank, formerly Farmers Bank, has sunk into such a financial abyss that the lender is struggling to pay its employees’ ...

The default rate in Europe’s €340bn high yield — or junk — bond market will climb to 5 per cent this year, according to a prediction from JPMorgan, the US bank. That is up from a rate of 3.3 per cent ...