Archive forCash Loans

Douglas N. Armer Sells 539 Shares of Blackstone Mortgage Trust Inc (BXMT) Stock

Blackstone Mortgage Trust, Inc. is a holding company. The Company is a real estate investment trust (NYSE:BXMT), which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Companys Loan Origination segment includes the Companys activities associated with the origination and acquisition of mortgage loans, the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners portfolio consists of cash, loans, securities and other assets. The Companys focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates, co-originates, and acquires debt instruments in conjunction with acquisitions, refinancing and recapitalizations of commercial real estate around the world.

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Blackstone Mortgage Trust Inc (BXMT) Director Sells $14542.22 in Stock

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be paid a $0.62 dividend. This is a positive change from Blackstone Mortgage Trusts previous quarterly dividend of $0.27. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date of this dividend is Tuesday, December 29th.

Several brokerages have weighed in on BXMT. Deutsche Bank restated a buy rating and issued a $33.00 target price on shares of Blackstone Mortgage Trust in a research note on Thursday, September 17th. Zacks Investment Research downgraded shares of Blackstone Mortgage Trust from a buy rating to a hold rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the companys stock. The stock presently has an average rating of Buy and an average target price of $32.33.

Blackstone Mortgage Trust, Inc. is a holding company. The Company is a real estate investment trust (NYSE:BXMT), which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Companys Loan Origination segment includes the Companys activities associated with the origination and acquisition of mortgage loans, the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners portfolio consists of cash, loans, securities and other assets. The Companys focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates, co-originates, and acquires debt instruments in conjunction with acquisitions, refinancing and recapitalizations of commercial real estate around the world.

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Now, apply for, get cash loans at ATMs

MUMBAI: ATMs will soon be as good as bank branches. Customers will be able to apply for credit cards and avail loans using these self-service machines.

The RBI on Thursday allowed banks to extend all their banking products and services through their ATMs. While banks have been using ATMs for leads for loans, insurance and credit cards, no such transaction was concluded at the machine.

Now banks can extend a loan and dispense the cash at the same machine. Such automated sales can be extended to other products as well.

Sources said the RBI took the decision after reviewing a proposal by some leading private banks to make pre-approved loans and credit cards available on the home screen of their ATMs.

There are over 1.9 lakh ATMs across the country.

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ARMM traders support proposed Islamic banking system

InterAksyon.com means BUSINESS

COTABATO CITY — Business leaders in the Autonomous Region in Muslim Mindanao (ARMM) and in Region 12 (Soccsksargen) support the establishment of the country’s Islamic Banking System.

Authored by Anak Mindanao (Amin) Partylist Rep. Sitti Djalia Turabin-Hataman, House Bill 5989 is still being deliberated in the House of Representatives.

Muslim and Christian business leaders in the region attended last week’s first roundtable discussion on the proposed measure here.

Aside from Hataman, speakers included Salem Ghandour of the Maybank Islamic Berhad in Malaysia and Isidro Sobrecarey of the Amanah Islamic Bank.

All cited the advantages of an Islamic banking system to operate in the country.

Hataman said under her proposed Islamic banking system law, banks do not rely on high interest rates to sustain operation but push for moderate to socialized interest charges.

Anchored on Islam, the banking system prohibits usury or high interest on cash loans, and caters mostly to the poor as well as rich traders.

Officials of the autonomous region said many Muslim traders prefer Islamic banking system and hope Hataman’s bill will hurdle Congress.

Ghandour explained that while Islamic banking system offers low interest rates it has no conflict with conventional and commercial banks.

After lauding the warm reception of ARMM business leaders, Hataman said she will continue dialogue through roundtable discussions with other stakeholders relative to her proposed bill. 

 

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Blackstone Mortgage Trust Inc (BXMT) Downgraded to "Hold" at Zacks Investment …

Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. Equities research analysts forecast that Blackstone Mortgage Trust will post $2.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $2.48 annualized dividend and a yield of 9.97%. This is a positive change from Blackstone Mortgage Trusts previous quarterly dividend of $0.27.

Separately, Deutsche Bank reissued a buy rating and set a $33.00 price objective on shares of Blackstone Mortgage Trust in a report on Thursday, September 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $31.67.

Blackstone Mortgage Trust, Inc. is a holding company. The Company is a real estate investment trust (NYSE:BXMT), which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Companys Loan Origination segment includes the Companys activities associated with the origination and acquisition of mortgage loans, the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners portfolio consists of cash, loans, securities and other assets. The Companys focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates, co-originates, and acquires debt instruments in conjunction with acquisitions, refinancing and recapitalizations of commercial real estate around the world.

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Demystifying Cash Loans CaptainCash Distinguishes Himself from the Pack

(MENAFN Press)

Top Canadian cash loan brokers 2015 performance produces unprecedented customer satisfaction rates and sets the stage for impressive growth in year to come CaptainCash reports

Departing from what many have come to describe as unsatisfying Canadian cash-loan industry norms lending broker CaptainCash has built up a large base of loyal clients and now anticipates even more growth to come. With the Canadian economy still slowing and the cost of living jumping sharply higher many residents are concerned about how to live up to their financial obligations. An industry-leading customer satisfaction rate lightning-quick turnaround time and secure reliable technology make CaptainCash a top choice for Canadians seeking quick convenient infusions of capital to pay their bills and get back on top of their finances.

All across Canada things are tough and becoming even more so a CaptainCash representative observed The fact is that there are good options for those facing financial difficulties. As one of the highest-rated cash loan brokers in Canada we have processed over 25000 applications and racked up an unmatched customer satisfaction score. Were proud and happy to be able to provide so many with the help they need and look forward to growing even more in 2016.

Although it sailed relatively smoothly through the recession of recent years that struck the neighboring United States so hard Canada now faces real economic difficulties of its own. An economy that had come to depend on high oil prices has since been undermined substantially with global markets for petroleum now facing further declines as Iran formerly restricted from participating prepares to unleash at least another million daily barrels upon them.

At the same time Canadian consumers have been subjected to sharp increases in the prices they are expected to pay for the everyday necessities of life. Food costs alone jumped by a full 3.4% over the year-long period ending last November according to Statistics Canada with other basics registering substantial increases as well.

Between the softening economy and rising prices many Canadians have come to feel squeezed. With a unique cash-loan brokering service that deviates in a wide range of highly positive ways from what many expect from the industry CaptainCash Cash loans have become an increasingly valued tool in the fight against the resulting financial difficulties.

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Date set for liquidators’ appeal attempt in Rangers Tax Case

A date has been set for the liquidators of the oldco Rangers Football Club to legally challenge a court decision over the verdict in the Rangers tax case.

BDO will seek leave of appeal to the Supreme Court at the Court of Session on February 24 as they look for permission to attempt to overturn a ruling that payments made under a tax avoidance scheme should have been subject to income tax.

HM Revenue and Customs successfully argued to the court in November that millions of pounds worth of cash loans made to employees of Rangers from 2001 to 2009 should have been treated as contractual earnings.

It had been successfully argued at two previous tax tribunals that the schemes, implemented by Sir David Murray and also used at a number of his other companies, should not have been subject to tax.

In court, HMRC argued the payments had technically been earned by employees as they were made as consideration for their services.

The scheme, it was claimed, was “a mere redirection of earnings which did not remove the liability of employees to income tax.

HMRCs third attempt was allowed on those grounds, with the court agreeing its argument was correct.

In his verdict, Lord Drummond Young said: “It seems to us to be self-evident that the obligations in the side-letter were part of the employee’s employment package, and provided him with additional remuneration.

They were negotiated as part of the total employment package. Once it is accepted that the bonus payments represented consideration for a footballer’s services qua employee, it inevitably follows that those payments represented emoluments or earnings of the footballer in question.

On the foregoing basis, we are of opinion that the sums received by the trustee of the Principal Trust and in due course by the trustees of the sub-trusts amounted to a mere redirection of income and thus constituted emoluments or earnings of the employees in question.

“That accords with common sense. If the law were otherwise, an employee could readily avoid tax by redirecting income to members of his family to meet outgoings that he would normally pay: for example to a trust for his wife … or to trustees to pay for his children’s education or the outgoings on the family home.

The funds are ultimately derived as consideration for the employee’s services, and on that basis they are properly to be considered emoluments or earnings.

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Borrowers warned about huge interest rates

A NEW lady is in town to help with finances and her name is Pretty Penny.

An advertising flyer depicting a cartoon lady with a blonde bob, pink heels and short skirt, who says she can help you, is a cash loan company charging annual interest rates (AIR) of up to 365 percent.

Gisborne residents found the flyers offering quick cash loans from $50 to $300 in their letterboxes last week.

NZ Federation of Family Budgeting Services national president Carmel Thompson said it was one of the highest interest rates she had heard of.

A $200 cash loan from Pretty Penny, repaid over eight weeks, will cost you $472. That is 136 percent interest over the two months.

If you want to pay it back quicker, say one week later in a lump sum, that will cost you $323, or interest of 61.5 percent for your original $200.

Pretty Penny operates under QUADSAA Pty Ltd, an Australian company that registered in New Zealand six months ago with a Christchurch address.

The call centre is in Queensland and staff shied away from using the words “interest rates” but instead refer to “fees” and “charges”.

Pretty Penny Loans spokesman Mark Swanepoel said they did not shy away from advertising their AIR is 365 percent.

“When compared to large players in the short loan industry, you can see that such a rate is very competitive — see savemybacon.co.nz with an AIR of 547.50 percent, paydayloan.co.nz with an AIR of 502 percent to 602 percent,” he said.
Short-term loans

Pretty Penny touts short-term loans and you don’t need a job to apply. Just one of three things — a job, a phone plan or a guarantor — is all the company requires.

New laws introduced in June gave the Commerce Commission more power to protect vulnerable New Zealanders when they borrow money or buy things on credit.

Lenders must make the terms and costs of loans “freely and publicly” available on their websites and at their premises to enable easy shopping around.

The Pretty Penny website does show that for a $200 loan, there will be a $24 account set-up fee, plus a $64 establishment fee. It also calculates what your payments would be each week, fortnight or month.

But it does not give a total of what those payments would add up to.

Mr Swanepoel said the trend of late was to argue that payday lenders took advantage of the poor and desperate in society, using predatory lending techniques to trap people in a cycle of debt.

“Pretty Penny Loans finds that practice abhorrent and its policies are purposely structured to ensure that this does not inadvertently occur in its business.

“In fact, even if a person borrows from Pretty Penny Loans and defaults, we do not default the non-paying customer’s credit rating.

“This practice would seem hard to believe, as most entities in the small loan sector use these sorts of practices to threaten and force clients into payment options. Pretty Penny Loans has no need to resort to these practices.

“Our customers understand the value and importance of having an emergency cash service available for those times where they run into a little trouble financially.

“Those customers are more than happy to ensure repayment in order to ensure the ability to use our service in the future,” he said.
Be aware of what you are signing

Mrs Thompson said people should make sure they knew what they were signing up for. Christmas was especially hard for people who often found themselves vulnerable and desperate.

“If people need help, please go to Gisborne Budget Advisory Service in Cobden Street and they will help you out and look at contracts.”

The Gisborne office reopens on Monday.

Consumer Affairs Minister Craig Foss said in May 2014 that key changes to legislation would increase protection from loan sharks and include requiring responsible lending in the consumer credit market.

That meant lenders must act with skill, care and diligence in all dealings with a borrower throughout the life of a consumer credit contract, he said.

Mr Swanepoel acknowledged that their product was not cheap considering the size of the loans provided.

“However, regardless of the size of the actual loan, Pretty Penny Loans complies with all responsible lending and other requirements under the Credit Contracts and Consumer Finance Act (CCCFA).

“We are big supporters of regulation and believe that strong regulation is essential to ensuring a viable and clean lending industry.

“However, there are real costs involved in complying with these requirements and little alternative but to pass them on to consumers via fees and interest.”

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Blackstone Mortgage Trust Inc (NYSE:BXMT) Receives Consensus Recommendation of …

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $2.48 annualized dividend and a yield of 9.49%. This is a positive change from Blackstone Mortgage Trusts previous quarterly dividend of $0.27.

A number of equities analysts have recently commented on BXMT shares. Zacks Investment Research downgraded shares of Blackstone Mortgage Trust from a strong-buy rating to a hold rating in a research note on Tuesday, December 29th. Deutsche Bank restated a buy rating and set a $33.00 price objective on shares of Blackstone Mortgage Trust in a research note on Thursday, September 17th.

Blackstone Mortgage Trust, Inc. is a holding company. The Company is a real estate investment trust (NYSE:BXMT), which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Companys Loan Origination segment includes the Companys activities associated with the origination and acquisition of mortgage loans, the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners portfolio consists of cash, loans, securities and other assets. The Companys focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates, co-originates, and acquires debt instruments in conjunction with acquisitions, refinancing and recapitalizations of commercial real estate around the world.

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Four tips to help you survive January blues

By Adeniyi Ogunfowoke

Christmas is over and reality sets in as the toughest month of the year arrives. If you are saddled with worry over how to scale through this period, here are tips to help you overcome January challenges.

Organize yourself

January is always financially tight because of the additional expenses during Christmas. Notwithstanding, do not sulk about your financial status. You can take time to review your finances before you start spending for the month. The success of organizing yourself, especially your finances will go a long way in determining whether the cookie will crumble during the month.

New year, new budget

A budget is a perfect way to plan what and how much you will spend for the month. If you are cash trapped, you have to fashion out a thin budget. In this quest to survive the January blues, you should be prepared to do away with some excesses. In addition, if you must buy anything, take advantage of online discounts and coupons on hotels, taxis, and other services.

Avoid quick-cash loans

Many times, when people are financially broke, their next resort is to request for quick cash loans. This is not the way to go because, you can be a mess when January rolls away. The first thing you should is to drastically cut down on your spending. If you are planning to go on vacation to Akwa Ibom Golf resort, you can postpone it.

Don’t buy on credit

A simple tip to avoid the January hangover that may come too late for some is to only spend what you have in the first place. It seems simple enough but with the expectations thrust upon us by tempting offers to buy things on credit many of us can fall into these dangerous debt traps. Living within your means, even at Christmas time, is the first step to banishing the January blues.

Ogunfowoke Adeniyi  is Travel/Technology Writer for Jovago.com, Africa’s No 1 hotel booking portal outline.

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