Directory
The European Financial Stability Fund (EFSF) is a temporary financial assistance mechanism established in 2010 to provide loans to eurozone countries experiencing financial difficulties. Entities with closest ties include the ECB, which provides liquidity support, and the ESM, an auxiliary instrument. Entities with strong ties include the IMF, which cooperates in financial assistance, and the…
Marketplace lending, enabled by digital platforms, connects borrowers and lenders directly, bypassing traditional financial institutions. These platforms provide a streamlined and accessible channel for borrowing and lending, empowering individuals and businesses to secure funding or invest in loans. Marketplace lending expands credit access, fostering financial inclusion and offering alternative investment opportunities, while introducing innovative risk…
Justice credit accounts provide financial incentives to incarceration facilities to encourage the successful reentry of formerly incarcerated individuals into society. By rewarding facilities for meeting specific performance measures related to recidivism reduction, education attainment, and job placement, these accounts aim to promote evidence-based programming, collaboration, and comprehensive support services that enhance reentry outcomes. Government Agencies:…
TIF Financing in Chicago is a funding mechanism used for community development projects. It involves various entities, including government agencies (CCD, IHDA, Cook County Land Bank Authority), nonprofit organizations (LISC Chicago, NHS Chicago), developers (Related Midwest, Sterling Bay), lenders (BMO Harris Bank, JPMorgan Chase), and stakeholders (BIDs, community groups). These entities collaborate to revitalize neighborhoods,…
The Pennsylvania predatory lending law empowers government agencies like the Department of Banking and Securities and the Attorney General’s Office to regulate financial institutions and protect consumers. Federal agencies such as the FTC and CFPB also contribute to enforcement. Consumer advocacy groups like the Housing Alliance of Pennsylvania and support organizations like the Pennsylvania Victims…
A reverse mortgage line of credit (RMLOC) is a loan that allows homeowners age 62 or older to tap into their home equity without having to make monthly payments. The loan is secured by the home, and the borrower can access the funds as needed through a line of credit. RMLOCs can be used to…
Cross Country Financial, a prominent player in the mortgage industry, offers comprehensive loan origination, subservicing, and capital markets services. As a government-sponsored entity, Cross Country Financial plays a vital role in providing access to affordable housing through its partnerships with government agencies like FHA, VA, and Fannie Mae. Major Players in the Mortgage Industry: Financial…
A lender, typically a bank or mortgage company, provides funds for a mortgage loan to a borrower, an individual seeking to purchase or refinance a property. The relationship between lenders and borrowers is crucial in the mortgage industry, and various entities play significant roles, including real estate agents, title companies, and closing agents. Close connections…
Urban Financial of America is a leading provider of financial services to underserved communities. With a focus on providing affordable lending solutions, Urban Financial empowers individuals and families to achieve their financial goals. Their services include mortgage lending, consumer lending, and financial counseling. Urban Financial’s commitment to community development has earned them recognition for their…
Fintech Zoom Mortgage streamlines the mortgage process by connecting lenders, brokers, and technology platforms through closeness scores, fostering collaboration and innovation. Lenders provide funding, brokers facilitate communication, and technology automates tasks and provides real-time data, with closeness scores quantifying their interconnectedness. This partnership enhances efficiency, transparency, and access to mortgages, driving the future of the…
The Coco Levy Fund was established by the Kenya Coconut Development Authority to support the coconut industry. It was funded through a levy on coconut exports. The fund was used to support research, extension services, and marketing. However, the fund has been mired in controversy, with allegations of mismanagement and corruption. The fund was dissolved…
Despite its broad use as an active ingredient in sunscreens, zinc oxide presents certain disadvantages: (1) It can leave a white cast on the skin, particularly in higher concentrations. (2) Zinc oxide particles can be difficult to spread and blend evenly, potentially leading to uneven sun protection. (3) In rare cases, it may cause irritation…
