Monthly Archives: March 2021

The Houston New Home Market: Riding the Tailwinds Despite the Headwinds

Adobe Stock / duydophotography “Houston we have a problem.” As a native Houstonian, I back down whenever I hear that famous phrase spoken or referenced by reporters, journalists, or writers. It’s even now the refrain of a popular country music song. This hackneyed saying is effortlessly out of the tongue and has been applied to […]

Celebrate Holi, the festival of color and joy, with Home Credit’s easy financing options

ANI | Update: March 23, 2021 3:44 PM STI New Delhi [India], March 23 (ANI / BusinessWire India): It’s that time of year when everyone is getting ready to celebrate Holi, one of India’s liveliest festivals. Home Credit’s innovative products and offers for its customers encourage them to celebrate the festival with great fanfare and […]

bne IntelliNews – Mortgage loans plunge to € 584 million in losses in 2020

Home Credit Group, the consumer lender owned by Czech billionaire Petr Kellner, attributed a loss of € 584 million for 2020 to the coronavirus pandemic (COVID-19), but said it was profitable in 2 hours and that it should be again this year. Home Credit recorded a net profit of € 35m in 2H20 against a […]

Home Credit lender returns to profit, hits restart after COVID hit

Band Jason Hovet PRAGUE, March 17 (Reuters) – Czech firm Home Credit, one of China’s oldest consumer lenders and active in Eastern Europe and Asia, is looking to turn the page and return to profit after the coronavirus pandemic hammered loans and led to heavy losses in 2020. The group announced a loss of 584 […]

Provident Financial reveals surveillance investigation into mortgage division

Monday, March 15, 2021 7:49 a.m. Door-to-door lender Provident Financial today revealed that it is the subject of a Financial Conduct Authority (FCA) investigation into its mortgage lending business. The survey will focus on “considering affordability and sustainability of loans to clients” within the division between February 2020 and February 2021. Provident said he was […]

Provident Financial says mortgage business is under regulatory investigation

Malcolm Le May, CEO of Provident Financial The Bradford-based company said an ongoing review has made it clear that the company needs to address the problem of the growing volume of customer complaints. The group said the operating environment for home collected credit had changed significantly in the second half of 2020. Provident decided that […]

UPDATE 2-Provident Seeks To Save The Mortgage Business With Bulk Complaint Resolution

* Provident says mortgage business is under investigation * Company presents £ 50million complaint resolution plan * Stocks dip 25% (add company info, update stock movement) March 15 (Reuters) – Provident Financial on Monday presented a £ 50million ($ 69.7million) plan to address an increase in complaints and claims against its home loan business during […]

Home Credit strengthens its insurance portfolio

Home Credit India, a local arm of the international consumer credit provider with operations in Europe and Asia and committed to fostering financial inclusion in India, today announced the launch of two-wheeler insurance in the under a strategic partnership with Bajaj Allianz General Insurance Company Limited, one of the leading private general insurance companies in […]

Why Leeds International Personal Finance’s mortgage lender collapsed

Gérard Ryan, CEO of International Personal Finance. The Leeds-based company reported a statutory pre-tax loss of £ 40.7million for the period, in stark contrast to the £ 114million profit it made the previous year. Turnover has grown from £ 889.1million in 2019 to £ 661.3million last year. The IPF said the Covid-19 pandemic posed “significant […]

North Las Vegas # 1 in the local new housing market

North Las Vegas has tripled new home sales over the past two years and became the No.1 market in 2020, overtaking the Southwest Valley, which had been the dominant player in Southern Nevada for years with the former No. 2 Henderson. North Las Vegas is poised to become the dominant player in the valley this […]