Loans – Letras Enredadas Mon, 28 Mar 2022 16:40:21 +0000 en-US hourly 1 Loans – Letras Enredadas 32 32 Decentralized algorithmic margin trading is now a reality for DeFi users Wed, 07 Apr 2021 01:04:38 +0000
UniMex Network Hacker Noon's profile picture

UniMex Network

A decentralized algorithmic margin trading mechanism, based on uniswap.

For a long time, crypto enthusiasts have patiently waited for the dream of a decentralized financial system to come true. And over the past few years, the rise of DeFi has started to bring us closer than ever to this day.

But even now, the fact remains that crypto investors face significant hurdles and drawbacks compared to those in more traditional financial markets.

One of them has to do with the very decentralized nature that makes crypto so attractive. This is because many of the tools that traditional investors take for granted are difficult to implement without creating centralized entities to control them.

One of these tools is the ability to use margin trading to take advantage of crypto positions for larger gains.

And while there are a few solutions available that provide crypto margin trading functionality, they all rely on off-chain relays to work. This means that they violate the principles of decentralization that are dear to crypto traders. And that’s what we here at UniMex will fix it once and for all.

What is UniMex?

Simply put, UniMex is the first and only on-chain crypto margin trading system. It allows traders to execute short and long crypto transactions on the margins without any intermediary involved. They can borrow from loan pools specifically created to fund short- and long-term transactions, in exchange for small fees paid directly to contributors and loan pool players on the platform.

Designed for decentralization


We even turned down Oraclize and Chainlink’s offers to use their respective oracles because we believe anything that puts any part of our platform in the grip of a stranger is not worth it. for follow-up. We’ve built the automated smart contracts that UniMex relies on to include community governance – and to prove it, admins are removed from every contract once deployed.

Easy to lend, easy to borrow

We have built a free trading platform that allows users to easily access our loan pools for margin trading. To use it, traders only need to wager an Ethereum-dominated collateral amount proportional to the amount they are looking to borrow for a trade.

Then they can execute their margin strategy and pay off lenders when their trades are settled. And because all the activity that takes place in a chain, there is no chance of outside manipulation or interference by a third party.

And for those who wish to participate in loan pools, the process couldn’t be easier. This is because all loan pools are created through an automated smart contract.

The only requirement is that each pool be based on an ERC20-ETH Uniswap pair, which ensures that the value of each pool cannot be manipulated by bad actors, such as when a malicious project draws its liquidity from an ERC20 token. fraudulent.

And to prevent lending pools from including low-liquidity tokens that could pose stability issues for investors, each new lending pool will soon be subject to community approval via the staking or burning of our token. native governance.

This is another guarantee that we have built into the system to ensure that our platform still meets the needs of lenders and investors, but not outsiders looking to manipulate the markets.

We have also developed the DGN (Degen Protocol) which enables Unimex on the Binance Smart Chain (BSC). Users can easily take advantage of the low fees of Binance Smart Chain, through PancakeSwap, to use leverage trading and also, bet on the Unimex platform.

Unimex v1.2

Unimex v1.2 brings minor user interface updates, as well as the ability to place limit orders, stop losses, take profits and add commitments on ETH (Uniswap) and BSC (PancakeSwap). Traders can automatically close their long or short positions while they sleep without fear of liquidation.

Developments continue


While we are happy with what the UniMex platform can already do for investors, we are a long way from innovating.

Within 1-2 weeks of the release of Unimex v1.2, we will add different stable currency pairs (USDC, DAI, USDT, etc.) for deposits / withdrawals on ETH and BSC versions of Unimex. We will also increase the maximum leverage trade up to 10x for existing pairs.

By the end of April, we’ll be rolling out the aforementioned community governance staking mechanism called UMXStaking. At this point, the development team will no longer have a say in creating new loan pools, leaving everything to the discretion of the community.

And shortly thereafter, we’ll also be rolling out a token governance feature that will put the direction of the entire platform in the hands of users. From now on, everything about the future of the UniMex platform will depend on the stakeholders.

This will be the birth of a fully decentralized margin lending and trading system designed for the people and managed by the people.

The bottom line

Going forward, we hope the UniMex platform serves as proof that it is possible to give crypto investors the features and tools they want without betraying the decentralized ideals that make crypto so compelling.

In this way, we believe we can move DeFi forward towards fulfilling the promise that drove the creation of cryptocurrencies in the first place – a complete financial system owned by no one and open to all. And as true believers in this vision, we are excited to play a role in making it a reality.

UniMex Network Hacker Noon's profile picture

Key words

]]> 0 How to complete the PSLF form to be eligible for a pardon Wed, 07 Apr 2021 01:04:36 +0000

Note that the student loan situation has changed due to the impact of the coronavirus outbreak and the relief efforts of the government, student loan lenders and others. This includes stopping student loan repayments held by the federal government, with deferred payments still count towards the civil service loan forgiveness. Check out our Student Loans Hero Coronavirus Information Center for news and additional details.

* * *

When working at Public Service Loan Remission (PSLF), it helps to submit the Certificate of Employment form every year to verify your employment (or at least whenever you change employers). After 10 years and 120 qualifying student loan payments, you will be ready to submit the PSLF Student Loan Waiver Form.

Let’s take a look at the following three topics to see how you can complete the Public Service Loan Forgiveness Form to get loan forgiveness and tips to help you qualify.

What the Public Service Loan forgiveness program offers

The Public Service Loan forgiveness program (PSLF) launched in 2007. Its promise: If you pay off your loans each month while working in a government or non-profit agency, the rest will be canceled after 10 years.

Unfortunately, the execution was far from smooth. In 2017, the Consumer Financial Protection Bureau (CFPB) reported that many loan officers had mismanaged the PSLF for their borrowers. Others were criticism of the cost of the PSLF, and the Trump administration has repeatedly offered to discontinue the program in its annual budget proposals.

Regardless of future changes to the program, people who are already pursuing the PSLF should remain eligible – and September 2017 was the first time a borrower was eligible for apply to the PSLF.

How to complete the PSLF student loan forgiveness form

If you are one of those borrowers who have worked in the public service for 10 years, then it is time to apply to the PSLF.

The first step is complete this student loan forgiveness form. You will need to complete the civil service loan forgiveness application for each employer you have had while making your 120 qualifying payments.

Image of the Ministry of Education

Unless you specify otherwise, the Ministry of Education put your loan on hold while it processes your request. During this period, you will not have to make any payments, but your loan will accumulate interest, which you will have to pay if your application is refused.

After completing the PSLF form, you can submit it by mail, or upload it directly to the FedLoan site if FedLoan is your server. The addresses and directions can be found on page 4 of the app, where you will also find the numbers to call for help.

Once the Ministry of Education receives all of your documents, they will notify you. According to his PSLF FAQ, processing times may vary depending on factors such as:

  • That you submitted Employment attestation forms over the years (if you have, your request will “likely be processed faster”)
  • The number of employers you had
  • Gaps in your employment or payment history

If your application is approved, the Department of Education will write off all interest and principal overdue on your eligible direct loans. If you have made more than 120 qualifying payments, the additional amount will be refunded to you. In addition, you will not have to pay taxes on the amount remittedunlike other forgiveness programs.

If, however, your application is denied, the Ministry of Education will notify you with the reason. At this point, you will have to start repaying your loans again and you will be responsible for all interest accrued during the forbearance. Plus, as the Department of Education warned, that interest “can be capitalized” – this means that the interest could be added to your principal, forcing you to make payments on an amount greater than what you started.

If you believe the Department of Education is wrong in its denial, you can submit additional information to support your case, and FedLoan Servicing will reassess its decision.

What you need to qualify for the civil service loan forgiveness

It is important that you do not apply to the PSLF until you are sure you are eligible.

Forbearing your loans could be a costly mistake if your civil service loan forgiveness request is denied. During the processing period, you would also miss out on many months of qualifying loan payments.

So, before filling out the PSLF form, review each of the conditions below to see if you are eligible:

1. You have direct loans
2. You benefit from an income-based repayment plan
3. You work full time with an eligible employer
4. You have made 120 eligible payments

1. You have direct loans

Although there are many types of federal student loans, only direct loans are eligible for the PSLF. To check what types of loans you have, log into your Federal Student Aid account.

If you have more than one type of federal loan, you can consolidate them into a direct consolidation loan so that they qualify, but your past loan payments won’t count. In other words, the clock of your 120 payments will start again. So think carefully before you consolidate.

Are your loans direct loans? If so, continue. Otherwise, learn more about direct loan consolidation.

2. You benefit from an income-based repayment plan

IMPORTANT UPDATE (Oct 12, 2021):
As of October 2021, the government allows all federal loan repayments to count towards the PSLF, regardless of the payment plan, for those who apply (or have applied) to the program before October 31, 2022.

This will be retroactive to include previously ineligible payments. However, there is some fine print, so you will need to check with your repairman to be sure. Here are all the main details for these new, more lenient standards.

Below is the original text of this article, outlining the previous standards in place before October 2021:

When you finish your studies, you automatically benefit from a standard 10-year repayment plan. But that wouldn’t work for PSLF; after 10 years there would be nothing more to forgive.

Instead, you must be enrolled in an Income-Based Repayment Plan (IDR) that fixes your payments at a percentage of your income. If your payments go as low as $ 0 that’s fine, but you must be on one of these plans.

Are you signed up for an IDR plan? If so, continue. Otherwise, learn more about income-based repayment plans.

3. You work full time with an eligible employer

Your job is what qualifies you for PSLF. You must work according to your employer’s definition of “full-time,” or at least 30 hours per week, for a non-profit or government organization.

To keep track of your employers, you must submit an employment attestation form each time you change jobs. As proof of your employment, the Department of Education suggested keeping the W2s and pay stubs.

It’s important to note that you must be working for an eligible employer at the time of your application and at the time of pardon, according to the Department of Education. So, don’t join the private sector until your loans have been canceled.

Were you working full time with an eligible employer when you made your 120 payments and are you still working for an employer now? If so, continue. Otherwise, learn more about eligible careers in the public service.

4. You have made 120 eligible payments

Finally, you must have made 120 qualifying monthly payments. These payments must have been made after October 1, 2007, in full within 15 days of the due date and while you were on an RDI plan and working for an eligible employer.

However, the payments do not have to be consecutive. If, for example, you were employed in the private sector between two nonprofit jobs, you can count the payments you made on each side.

If you are not sure how many qualifying payments you have made, you can log into the FedLoan Service site to check. If your loans have not yet been transferred, you can submit the Certificate of Employment form, after which the Ministry of Education will send a letter indicating the number of payments you have left.

Did you make 120 eligible payments? And have you answered “yes” to all of the above questions? Then you are ready to apply to the PSLF!

Take your time when filling out the PSLF form, keep copies of everything and make sure you stay at your qualifying job until your loans have been canceled.

Rebecca Safier contributed to this report.

Interested in refinancing student loans?

Here are the 9 best lenders of 2021!

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Launch of Q Communications based in the United Arab Emirates in the United Kingdom Wed, 07 Apr 2021 01:04:36 +0000

DUBAI – UAE communications consultancy Q Communications has announced its first foray into international markets, launching new offices in Manchester and London.

The two new offices will be headed by managing partner Kate Greville, who joins the firm after serving as the agency’s chief operations officer in Abu Dhabi from 2015 to 2018. In the meantime, she has been in-house, in as director of public relations and communications at hotel management company, GG Hospitality, which is owned by former Manchester United footballers Gary Neville and Ryan Giggs.

Greville said: “I am very happy to bring Q Communications to Manchester and London. Getting into today’s market is a challenge, but it’s a market that we believe we can help grow and in which we can thrive. The skills, experience, knowledge and creativity of the team, especially in the hospitality and tourism sectors, are second to none and we look forward to welcoming our first customers on board.

The integrated, digital and content agency established ten years ago, which also has an office in Dubai and specializes in the hospitality and sports sectors, was founded by former hotel communication specialists Katie Harvey and Elsa Roodt. Its clients include Burj Al Arab, Rosewood Hotels, Shangri La, VOSS Water, Tourism Ireland, Hakkasan, Yas Marina and Hyatt Hotels.

Harvey said: “Our expansion into the UK and Ireland comes at a time of global change. Over the past few months, there has been a huge shift in the way the world communicates, how we do business together, and how we connect with each other. Relationships are more important than ever and we saw it as an opportunity to grow and a chance to evolve.

Roodt added: “Manchester and London are two cities of great innovation and vision, among the most forward-thinking in the world. For us, there was no doubt that our international growth would begin in the UK and Ireland and Kate’s return to the Q Communications family, now at the helm as Managing Partner of UK and Ireland, is fantastic.

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Northwest Pipe Company announces the acquisition of Geneva Pipe Company, Inc. Wed, 07 Apr 2021 01:04:35 +0000

Leader in water transport pipelines acquired Utah-based precast concrete maker for $ 49.4 million

VANCOUVER, Washington, February 03, 2020 (GLOBE NEWSWIRE) – Northwest Pipe Company (NWPX), an industry leader in engineered piping systems for hydraulic infrastructure, has acquired Geneva Pipe Company, Inc. (“ Geneva ”), a Utah-based concrete manufacturer of pipes and precast concrete products. The transaction closed on January 31, 2020 and was funded by cash and debt.

This acquisition expands the capabilities of Northwest Pipe Company’s water infrastructure products by adding additional reinforced concrete pipe capacity and a full line of precast concrete products, including storm drains and manholes, sumps, vaults and curb inlets as well as innovative products that extend the life of concrete. pipes and manholes for sewer applications. Geneva, previously a private company, has approximately 140 employees and reported sales of approximately $ 43 million in 2019. Jefferies LLC advised Northwest Pipe Company.

Operations will continue with their current management and workforce at Utah’s three manufacturing plants in Geneva, located in Salt Lake City, Orem and St. George. Founded in Orem in 1956, the company is an integral part of infrastructure development in Utah and the Intermountain West.

“The acquisition of Geneva, which we expect will have an immediate impact on our financial results, is an important step in the continued growth of our company by serving a wider range of the hydraulic infrastructure market. By expanding into stormwater and wastewater manufacturing, we are strategically expanding our business, ”said Scott Montross, President and CEO of Northwest Pipe Company. “This transaction creates a stronger business while expanding our product offering to meet the strong demand created by our country’s aging infrastructure. “

Conference call on transactions – Northwest Pipe Company will host a conference call on February 7, 2020 at 7 a.m. PST to discuss the transaction. To listen to the slide presentation and live audio webcast, visit the Northwest Pipe Company website,, on the Investor Relations page. For those who cannot listen to the live audio webcast, a replay will be available approximately one hour after the event on the Investor Relations page.

About Northwest Pipe Company – Founded in 1966, Northwest Pipe Company is the largest manufacturer of engineered steel water pipe systems in North America. The company produces high quality engineered steel water pipes, bar wrapped concrete cylindrical tubing, Permalok® steel housings, as well as various liners, liners, gaskets and one of the largest offerings in fittings and specialty components in North America. Northwest Pipe Company provides solution-based products for a wide range of markets, including water transportation, water and sewage plant piping, trenchless technology, and pipeline remediation. Strategically positioned to meet growing water and wastewater infrastructure needs, the company is headquartered in Vancouver, Washington, and has manufacturing facilities throughout North America. Please visit for more information.

Forward-looking statements – The statements contained in this Scott Montross press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and section 21E of the Securities Exchange Act of 1934, as amended, which are based on on the expectations, estimates, and projections concerning the activities of the Company, the convictions of the management and the assumptions made by the management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual results and results may differ materially from what is expressed or expected in these forward-looking statements due to various important factors. While it is not possible to identify all of these factors, those that could cause actual results to differ materially from those estimated by the Company include changes in market demand and prices for its products, product line , tendering activity, timing of customer orders and deliveries, production schedules, price and availability of raw materials, price and volume of imported product, excess or shortage production capacity, international trade policy and regulations, changes in tariffs and duties imposed on imports and exports and related impacts on the Company, the ability to identify and carry out internal initiatives and / or acquisitions in order to develop its activities, the Company’s ability to effectively integrate Geneva and other acquisitions into its activities and operations and to achieve significant administrative and operational cost synergies and an increase in financial results, the impacts of the 2017 law on tax cuts and employment, the adequacy of the company’s insurance coverage, the operational problems of manufacturing operations of the Company, including fires, explosions, inclement weather and natural disasters, and other risks discussed in the Company’s annual report on Form 10-K for the year ended December 31, 2018 and from time to time in its other Securities and Exchange Commission documents and reports. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances subsequent to the date of this release. If the Company updates or corrects one or more forward-looking statements, investors and others should not conclude that it will make any additional updates or corrections to them or to other forward-looking statements.

Robin gantt
Financial director
North West Pipe Company
360-397-6325 •

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Beyond the patch: CFPB finalizes the repayment capacity / qualified mortgage Wed, 07 Apr 2021 01:04:34 +0000

The Consumer Financial Protection Bureau (CFPB or the Bureau) has finalized changes to the Repayment Ability / Qualified Mortgage (ATR / QM) rules which change the criteria for a loan to be considered a QM and exceed the so-called GSE patch. The final rules were published in the Federal Register December 29, 2020. As of July 1, 2021, creditors will have to comply with the new general quality management rules and criteria established by the Bureau.

General final rule for quality management

The General final rule for quality management Replaces General QM’s 43% DTI ratio limit with an APR limit. Under the final rule, the APR on the loan cannot exceed the Average Prime Rate (APOR) for a comparable transaction by certain defined percentages. These include:

The final rule does not affect all parts of the existing ATR / QM rule. To be eligible, loans must be fixed rate, fully amortizing, and have regular and approximately equal monthly payments. For an adjustable rate loan or a graduated rate mortgage, the loan must be fully amortized, must allow the deferral of the repayment of the loan principal (with certain exceptions) and must not include a lump sum payment, except in compliance with Regulation Z. The maximum term of a QM loan is always 30 years, and the final rule does not update the point and fee requirements and limitations. In addition, the final rule does not change the MQ framework defined by the FHA, VA or USDA.

Credits should always, as proposed, take into account the consumer’s current or reasonably expected income or assets (other than the value of the security property), current debts, alimony and child support, and monthly DTI ratio or residual income.

Creditors are also required to (1) examine and verify the consumer’s current or reasonably expected income or assets (other than the value of the security property) using third party records which provide reasonably reliable evidence of the income. or consumer assets in accordance with Section 1026.43 (c) (4) of the Ability to Repay Rule, and (2) review and verify consumer debts, alimony and child support payments to the using reasonably reliable third party records. This requirement to “consider and verify” underwriting information replaced the old underwriting standards in Appendix Q.

The finalized verification security rules apply if the verification method used by the creditor meets (or is substantially similar to) the following standards:

  • Chapters B3-3 through B3-6 of the Fannie Mae Single Family Selling Guide, published June 3, 2020;
  • Sections 5102 to 5500 of the Freddie Mac Single-Family Seller / Servicer Guide, published June 10, 2020;
  • Sections II.A.1 and II.A.4-5 of the FHA Single Family Housing Policy Handbook, published October 24, 2019;
  • Chapter 4 of the VA Lender’s Handbook, revised February 22, 2019;
  • USDA Field Office Handbook for the Direct Single Family Housing Program Chapter 4, revised March 15, 2019; and
  • Chapters 9-11 of the USDA Single Family Guaranteed Loan Program Manual, revised March 19, 2020.

Seasoned QM Loan Final Rule

According to the preamble of the Seasoned QM Loan Final Rule, seasoned QMs will provide an “alternative basis to a conclusive presumption” of the consumer’s ability to repay the loan, and therefore additional legal certainty regarding the status of the loan and the liability of the creditor and his successors (as well as the rights of the consumer). The CFPB notes in the final rule that “a fundamental objective of … the seasoned QM category … to encourage creditors to increase non-QM loan origination in a responsible manner”. The seasoned QM final rule provides a safe haven for seasoned QMs whether or not the loan is a higher priced loan.

To be eligible for Seasoned QM status, a loan must meet the following requirements:

Product restrictions:

  • The loan is secured by a first lien. If a loan is a subordinated loan, the loan is not eligible to be a seasoned QM.
  • The loan has a fixed rate. Variable rate or graduated rate mortgages are not eligible to be seasoned QMs.
  • The loan has regular, roughly equal installments that are fully amortized, does not allow negative amortization, and does not have a lump sum payment. A loan has fully amortized payments if periodic payments of principal and interest pay off the loan in full over the life of the loan.
  • The term of the loan does not exceed 30 years.
  • The loan is not a high cost mortgage within the meaning of Regulation Z, 12 CFR 1026.32 (a).

Portfolio Requirements:

  • With a few exceptions, for consumption, the loan is not subject to a commitment to be acquired by another person, and the creditor keeps the loan in the portfolio until the end of the seasoning period.

Performance requirements:

  • With few exceptions, the loan cannot have more than two defaults of 30 days or more and no defaults of 60 days or more at the end of the seasoning period.

Seasoning period:

  • The seasoning period lasts 36 months, starting from the date on which the first periodic payment is due after consumption. Arrears of 30 days or more, or temporary payment accommodations, extend the end of the seasoning period.

Effective dates and compliance dates

The final regulations will come into force on March 1, 2020 (60 days after their publication in the Federal Register). For the general QM rule, the mandatory compliance date is July 1, 2021. This means that the existing general QM based on a DTI ratio of 43%, and the GSE patch, cease to be operational for requests received on or after July 1, 2021. Until the mandatory compliance date of the final general rule of quality management, creditors will have the option of continuing to use the GSE fix and the existing general rule of quality management, or d ” use the general final rule of quality management.

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Wisr Launches Low Interest Guaranteed Auto Loans Wed, 07 Apr 2021 01:04:34 +0000


10:49 am, August 20, 2020

9 minutes to read

Promoted by Wisr

Wisr has been providing exceptional brokerage experiences since 2015 and adding a secured auto loan to its line of consumer credit products, in addition to its award-winning personal loans.

Wisr is ready to support brokers and their clients who are looking for a new set of wheels.

Wisr adds a secured car loan to its line of consumer credit products, which will be fully integrated with your Wisr broker portal.

The Wisr Broker portal allows you to get a pre-submission of a rate estimate, adjust the rate to the client’s liking, understand if the deal fits Wisr policy, and track loan requests while throughout the assessment and settlement phase.

The launch of the secured car loan is scheduled for September 1, 2020. You are not approved? Please request accreditation from This e-mail address is protected from spam. You need JavaScript enabled to view it.

What you need to know about our secured car loans.

Designed for brokers.

  • Fully integrated into the Wisr Broker Portal
  • Good business for your client, starting with low interest rates
  • Terms at 7 years and maximum age of the vehicle 12 years at the start of the loan
  • No account maintenance or early termination fees
  • Up to 150% LVR
  • Dealer and private sales
  • Amounts up to $ 60,000

Wisr’s Secured Vehicle product is fantastic, one of the best deals out there. It offers my clients excellent flexibility, an age limit (15 years) and very competitive rates. The online application process is very straightforward and the documentation with the selfie ID is excellent. I will definitely continue to use this product – love it.

Luke, QLD Asset Broker

For accreditation and access to the Wisr Broker Portal, contact your state BDM today or send an email This e-mail address is protected from spam. You need JavaScript enabled to view it.

Daniella Mancuso (NSW & Nat.)
This e-mail address is protected from spam. You need JavaScript enabled to view it. | 0414 505 683

Nicole Evans (QLD)
This e-mail address is protected from spam. You need JavaScript enabled to view it.| 0424 253 030

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Wisr Launches Low Interest Guaranteed Auto Loans

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Last updated: August 20, 2020

Posted: August 20, 2020

If you’re feeling overworked and overwhelmed by this rapidly changing mortgage market, it’s time to make some changes, and the Business Accelerator program can help! Work smarter, not harder, in 2022 and beyond, visit the website here to secure your ticket.

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Obtain a mortgage loan from a credit union Wed, 07 Apr 2021 01:04:33 +0000 You are ready to take out a mortgage and you shop with banks and lenders large and small. But maybe you shouldn’t limit your mortgage search to these traditional finance providers. There is another type of mortgage lender that many overlook when looking for a home loan: credit unions.

Credit unions operate much like banks, but they are not-for-profit organizations. They also offer mortgages, and supporters of these institutions claim that because credit unions are not-for-profit, they can often offer loans at lower mortgage fees and rates.

Advocates of credit unions say these institutions often hold their mortgages instead of selling them to third parties, as banks tend to do. This means, they say, that credit unions can be more flexible with borrowers who might have higher monthly debts or more difficult sources of income to verify.

“What sets us apart is the levels of service we provide,” said Theresa Williams-Barrett, vice president of consumer loans and loan administration at Affinity Federal Credit Union in Basking Ridge, New Jersey. . “Credit unions generally provide a lot of service to members. They are more concerned with how they can get a person into a house than with reviewing guidelines to see if they can decline a loan application.”

Consumers are still much more likely to take out a mortgage with a bank or traditional lender. But a growing number of borrowers are turning to credit unions. Research firm Callahan & Associates said that in the second quarter of 2016, credit unions across the country had a loan balance of more than $ 340.7 billion in first mortgage loans. This is the highest this number has been for a quarter.

Yet credit unions only claimed 11% of mortgages originating in the United States during the first quarter of 2015, according to a report from TransUnion, proof that most customers still seek traditional sources of financing when they are looking for home loans.

Is a Credit Union Mortgage Right for You?

Why should you consider a credit union when you’re ready for a mortgage? Chuck Price, vice president of loans at NEFCU, a credit union in Westbury, New York, points out the fees and lower interest rates that credit unions often offer.

“We tend to be a little less aggressive from a fee standpoint,” Price said.

The reason? Credit unions are not-for-profit organizations, so they can afford to offer mortgages at fees that allow them to break even. Traditional lenders and banks need to focus on making profits, which means they might have to charge mortgage borrowers higher fees.

Price also emphasizes the flexibility offered by credit unions. NEFCU keeps the mortgages it originated from, he said. This means it can work with clients who might have higher debt ratios, shorter work histories, and more difficult sources of income to verify. Traditional banks could quickly pass on these borrowers, Price said.

“We have tremendous flexibility,” Price said. “We can often make exceptions to work with borrowers who might not qualify at the big banks. “

The personal touch

J. Paul Leavell, senior strategic analyst at Charlotte Metro Federal Credit Union based in Charlotte, North Carolina, said credit unions often charge less for ratings and other closing costs. Some will forgo the demands of expensive private mortgage insurance, even if borrowers take out loans of up to 95% of the value of the homes they buy.

Then there is the personal touch. Leavell said loan officers who work with credit unions tend to slow down as they walk clients through the lending process. Many borrowers appreciate this, Leavell said.

“Credit unions not only collect information relevant to mortgage approval and processing, they are more willing to hold the customer’s hand throughout the process,” he said. “They will explain, for example, why certain information is needed. Credit unions are also willing to offer advice on what type of loan consumers should take out based on the consumer’s particular circumstances.”

Not the only option

This does not mean, however, that credit unions are necessarily the best option for your mortgage. Yes, credit unions can offer lower rates and fees. But the big banks and lenders can often do the same. Your best bet is to shop with several different lenders, of all types.apply for a credit union mortgage

You may find that the large national bank actually offers a better interest rate than the smaller local credit union.

Kyle Kamrooz, co-founder and COO of “cloudvirga”, an Irvine, Calif. Based company whose goal is to automate mortgage lending, said it’s true that credit unions , because they are generally smaller, offer a more personal touch that can help alleviate the stress some borrowers face when applying for a mortgage.

But Kamrooz also said there is no guarantee that a credit union will offer lower rates or fees than a traditional bank or lender. Consumers need to shop from multiple lenders if they want to find the best rate and lowest closing costs, he said.

A satisfied customer

Bill Schoolman, a retired executive, says he doesn’t regret taking out a mortgage with his local credit union, NEFCU. Earlier this summer, Schoolman took out a loan of around $ 1.5 million to buy a house on the Port of Setauket in New York. Schoolman says he was delighted with both the service and the interest rate he received on his jumbo mortgage, 3.3%.

Schoolman had tried to take out his loan from traditional banks. But complications over prior privileges constantly scuttled his efforts.

NEFCU, however, was able to overcome these difficulties and secure his loan to Schoolman, he said.

“They were very involved in the whole process,” Schoolman said. “They weren’t afraid of obstacles. They showed great patience. They really rose to the challenge, and I would never go back to a traditional bank for a mortgage again.”

If you’re interested in taking out a mortgage with a credit union, you have options. The Credit Union National Association says there are now more than 6,000 credit unions operating across the country.

Some credit unions require you to be part of a specific union or member of the United States military. But most are open to anyone who lives in the credit union service area.

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Govt. clarify the e-com IDE rules Wed, 07 Apr 2021 01:04:33 +0000

Platforms can only act as a service provider, not be part of the trade, warns Goyal

The Center plans to clarify the foreign direct investment (FDI) policy for the e-commerce sector following investigations into the operations of some foreign players following complaints of embezzlement, according to the Minister of Commerce and Industry. ‘Piyush Goyal Industry.

The government had requested information from online markets as part of an investigation into “certain complaints from consumers and small retailers regarding certain practices of e-commerce companies,” Goyal said on Tuesday. Stressing that e-commerce platforms could only act as a service provider, the minister warned actors “who break the law” that they should correct their business practices as soon as possible.

“Agnostic platform”

“We are also considering some clarifications to ensure that the e-commerce sector operates in the true spirit of the law, the rules that have been established,” he said, adding the caveat that the e-commerce policy in itself would not be changed, however, as it was “robust, well designed and functioning in India in several sectors”.

“To reiterate, e-commerce is supposed to provide an agnostic platform for buyers and sellers to trade with each other, the platform should not become part of the business transaction, nor should it no longer fund it or have algorithms that give preference to one or the other… They should not be promoting their own products, but providing all the data necessary to make a rational choice and the choice should be free consumer choice, ”Goyal explained.

“We believe that buyers and sellers should have the ability to trade with each other; the platform is only a service provider, ”said the minister. “And those who break this law will certainly have to address our concerns and correct their business practices as soon as possible,” he added.

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News on bank privatization: government wants to speed up sale of stakes in four banks: report | Business News in India Wed, 07 Apr 2021 01:04:32 +0000 NEW DELHI / MUMBAI: Prime Minister Narendra Modi’s office has asked officials to speed up the process of reducing government stakes in at least four predominantly state-owned banks in the current fiscal year, according to two officials familiar with the discussions .
The sources said the four lenders are Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank, in which the government has majority stakes through direct and indirect stakes.
New Delhi wants to overhaul the banking sector and is also pushing the bank privatization and other state-owned enterprises to help raise funds for budgeted spending amid declining tax revenues due to the economic downturn caused by the pandemic.
The prime minister’s office wrote a letter to the finance ministry earlier this month asking it to speed up the process of privatizing these lenders during the current fiscal year, which ends in March 2021, a government source said. having direct knowledge of the case.
“The process of bank privatization has started,” the person said, adding that consultations had already taken place.
The prime minister’s office and lenders did not immediately respond to requests for comment, while the finance ministry declined to comment.
The sources, who declined to be named because the talks are private, noted that the government’s timetable is aggressive and could be a challenge given current market conditions.
Last month, Reuters reported that India was seeking to privatize more than half of its state-owned banks to reduce the number of state lenders to just five as part of a banking sector overhaul.
India currently has a dozen public sector banks in addition to IDBI, in which the government owns 47.11% while state insurance giant Life Insurance Corp has a 51% stake.
The decision to privatize the banks also precedes an anticipated increase in the growth in bad debts to lenders, which could force the government to inject new funds to bail out public lenders.
However, selling stakes in these lenders will be difficult and could spill over into the next fiscal year as these banks are already burdened with a higher proportion of bad loans, bank and government officials previously said.
Another government official involved in the campaign to sell shares said more consultations would take place before the process continues.
As the government is keen to push reforms amid the pandemic, some officials have advised the government to restructure these banks ahead of privatization to reduce their losses by offering voluntary retirement to excess staff and closing loss-making branches at home and abroad. to make them more attractive active, according to the sources. ]]> 0
PTC Therapeutics to Hold Call to Review Results of its Study of Translarna ™ (ataluren) in Patients With Nonsense Mutation Duchenne Muscular Dystrophy Wed, 07 Apr 2021 01:04:31 +0000

SOUTH PLAINFIELD, NJ, February 4, 2021 / PRNewswire / – PTC Therapeutics, Inc. (NASDAQ: PTCT) to host a conference call today at 5:30 p.m. ET to review the results of its clinical study 045 of Translarna ™ (ataluren) in patients with Duchenne muscular dystrophy with nonsense mutation.

The webinar can be accessed by dialing (877) 303-9216 (national) or (973) 935-8152 (international) five minutes before the start of the webinar and providing the access code 3495760. A live and streamed webcast Listen-only can be accessed on the Events & Presentations page in the Investor Relations section of the PTC Therapeutics website at The accompanying slide presentation will be posted in the Investor Relations section of the PTC website. A replay of the webinar will be available approximately two hours after the end of the webinar and will be archived for 30 days after the webinar.

About Duchenne muscular dystrophy
Primarily affecting men, Duchenne muscular dystrophy (Duchenne) is a rare and fatal genetic disorder that results in progressive muscle weakness from early childhood and leads to premature death in the mid-twenties due to heart and respiratory failure. . It is a progressive muscle disorder caused by the lack of functional dystrophin protein. Dystrophin is essential for the structural stability of all muscles, including skeletal, diaphragmatic and heart muscles. Patients with Duchenne may lose the ability to walk (loss of walking) as early as ten years of age, followed by loss of use of their arms. Duchenne’s patients subsequently develop life-threatening pulmonary complications, requiring ventilatory assistance, and cardiac complications in their late teens and twenties.

Further information on Duchenne is available from the Muscular Dystrophy Association and the Parent Project Muscular Dystrophy. In addition, information and resources are available at

About Translarna ™ (ataluren)
Translarna (ataluren), discovered and developed by PTC Therapeutics, Inc., is a protein restoration therapy designed to enable the formation of a functional protein in patients with genetic disorders caused by a nonsense mutation. A nonsense mutation is an alteration in the genetic code that prematurely stops the synthesis of an essential protein. The resulting disorder is determined by the protein that cannot be expressed in its entirety and is no longer functional, such as dystrophin in Duchenne muscular dystrophy. Translarna, the trade name for ataluren, is authorized in the European Economic Area for the treatment of Duchenne muscular dystrophy by nonsense mutation in ambulatory patients aged two years and older. Ataluren is an investigational new drug in the United States.

About PTC Therapeutics, Inc.
PTC is a global science-based biopharmaceutical company focused on the discovery, development and commercialization of clinically differentiated drugs that provide benefits to patients with rare diseases. PTC’s ability to market products globally is the foundation that drives investment in a strong and diverse pipeline of transformative medicines and our mission to provide access to the best treatments for patients with unmet medical need. .

For more information:
Media and investors:
Jane baj
+1 (908) 912-9167


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SOURCE PTC Therapeutics, Inc.

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