KBRA Assigns Preliminary Ratings to Mariner Finance Issuance Trust 2020-A

frank lamjus

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of Mariner Finance Issuance Trust 2020-A (MFIT 2020-A), a personal loan asset-backed securities transaction.

The financial impact of COVID-19 has resulted in high unemployment, which can adversely impact the performance of the transaction and consumer loans in general. Owing to this risk, KBRA increased its base case default assumptions for the subject pool in a manner that was similar to recent portfolio reviews of the sector. A review conducted in April 2020 resulted in six ratings from two MFIT securitizations being placed on Watch Status. The Watch Status Placements were maintained in a more recent review in July 2020, at which time the ratings on the most senior class in each securitization was affirmed. For more information on the reviews see U.S. Unsecured Consumer ABS Ratings Affirms and Maintains Watch Report and U.S. Unsecured Consumer

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This $30 Personal Finance Course Can Help You Grow Your Wealth

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If you want to start managing and growing your wealth more wisely, this is a great place to start.

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One of the core responsibilities of starting a business is separating your business and personal finances. That’s especially true for solopreneurs who launch an LLC to try to reduce their tax burden. All that money may be yours, but it’s important to draw clear distinctions so the IRS doesn’t come after a larger share. As such, many entrepreneurs would benefit from personal finance and investment advice, seeing as their business incomes don’t always go

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Mahindra Finance Rs 3,088 crore rights issue opens today; check issue price, ratio, other details

frank lamjus

Mahindra Finance will issue 61.78 crore equity shares of face value of Rs 2 each at a price of Rs. 50 per Equity Share, a 61% discount from the current market price.

Mahindra & Mahindra Financial Services Limited’s Rs 3,088 crore rights issue will open today, as the company tries to raise funds to repay outstanding borrowings and improve its capital. The non-banking finance company (NBFC) with 25 years of experience in the semi-urban and rural markets in India is one of the many financial institutions trying to raise capital as they gear up to tide through the slowdown in the economy aided by the coronavirus pandemic. Mahindra Finance will issue 61.78 crore equity shares of face value of Rs 2 each at a price of Rs. 50 per Equity Share, a 61% discount from the current market price.

The equity shares will be offered in the ratio of one

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Kabbage Is Aiming to Disrupt Small Business Finance

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Kabbage, which is a leading online payments and lending operator, has taken the 24th spot on CNBC’s Disruptor list for 2020 (this compares to 14 last year).

Image of a hand signing a paper with the loan as the title

Source: shutterstock

No doubt, the fintech industry has been disrupting the traditional financial services industry in a big way, as seen with companies like Stripe, Lemonade (NYSE:LMND) and Square (NYSE:SQ). So yes, as the industry has grown, so has the value Kabbage stock, with the valuation over $1 billion.

OK then, so let’s first take a deeper look at the company. The CEO and co-founder is Rob Frohwein. When the U.S. was in the financial crisis in 2008, he saw how companies like Amazon.com (NASDAQ:AMZN) and eBay (NASDAQ:EBAY) were leveraging APIs to provide access to valuable datasets.

He thought: Why not leverage this technology to

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These Personal Finance Apps Can Change Your Life

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  • Apps that help consumers manage their money are becoming more and more popular
  • Making smart, calculated, and guided decisions on personal capital is one of the most critical parts of life
  • These four apps believe they have you covered when it comes to taking control of your financial present and future

You Need a Budget: You Need a Budget personal finance app that focuses on helping users achieve some structure in their financial decisions. Its platform is built on its “Four Rules”: 1) Give every dollar a job, 2) Embrace your true expenses, 3) Roll with the punches, and 4) Age your money.

Users can line up the app with their checking account in order to balance transactions against budget plans and personal financial goals. You Need a Budget also provides reports that show users how they’re doing throughout the month. Per the company, the average user saves up

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The coronavirus pandemic ‘has undone years of work’ for women, Yahoo Finance survey shows

frank lamjus

Women, especially middle-aged ones, have been hit the hardest by the coronavirus pandemic in terms of job loss, fewer options for remote work, and needing more time to recover financially from the crisis, according to a new survey from Harris Poll and Yahoo Finance. 

Nearly all men between the ages of 35 and 44 — 96% — were still working the same job as before the pandemic, only 60% of women the same age were, according to the survey of 2033 Americans. The latest unemployment rate shows 8.9% unemployment for men in that age group and 9.4% for women in June.

Read more: Here’s how to navigate changes in your career

A similar discrepancy shows up between men and women who are 45 to 54. More than three-quarters of men that age have the same job, but just under 6 in 10 women do, the survey found.

That difference, among

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Dublin Teen Finds Inspiration In Teaching Youth Finance

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A reader submission from Logan Lin of Dublin:

I live in a culture where we are measured by our talents and ability. Yet far too often we overlook the importance of inspiration and initiative. Covid-19 in many ways has catapulted generations to be inspired. This period in our history has transformed the way we see our capabilities. Inspiration was always very elusive to me.

I often wondered as a teenager what truly inspired me. During this period of my life I am confined within the four walls of my home, and my interactions with my friends are “virtual”, my mother found creativity in bread making, and I found inspiration while connecting with a friend, Rohan who creates podcasts on Street Fins.

Inspiration needs 3 things: evocation, transcendence, and initiative. My inspiration was evoked by my father at the age of 8 when I first started getting a weekly allowance and

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Finance Jobs, Employment in Los Angeles, CA – June 2020

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Easily apply Urgently hiring
  • Quality Acceptance is looking for an experienced and aggressive collector for it’s Headquarter in the collection department at Van Nuys, Ca.

Los Angeles, CA


Remote work available



$35 – $45 an hour

Recent FHA DE Underwriting: 5 years

Easily apply Be an early applicant
  • 5 years of Mortgage Underwriting Experience.
  • 5 years of FHA Underwriting DE Experience.
  • Recent FHA DE Underwriting: 5 years (Required).

Los Angeles, CA 90017 (Westlake area)



$23 an hour

Easily apply Responsive employer
  • USC’s Keck School of Medicine, Department of Obstetrics and Gynecology, Division of Reproductive Endocrinology & Infertility is seeking a Biller /Financial…

Pasadena, CA 91101 (South area)


Remote work available



$80,000 – $100,000 a year

  • As a Financial Professional (Agent), you will have the freedom to build your network of insurance clients and business associates who are looking for insurance…


Confidential

Glendale, CA

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Finance Jobs, Employment in Los Angeles, CA – May 2020

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Mercedes-Benz of West Covina

West Covina, CA 91791

Finance (F&I) Manager: 2 years

Easily apply Be an early applicant Urgently hiring
  • Understanding and complying with federal, state and local regulations that affect the new and used-vehicle and finance departments.


Nourage

Los Angeles, CA


Remote work available

  • As our Accounting Intern you will plan an important role in maintaining our monthly budgets and ensure we are tracking against monthly, quarterly and annual…

Los Angeles, CA 90067 (Century City area)

Sales or Customer Service: 1 year

High school or equivalent

Easily apply Responsive employer Urgently hiring
  • Inbound and outbound calling with people who are prequalified for loans.
  • Able to work full time, punctual, and good attendance.


Wilshire Financial Group

Los Angeles, CA


Remote work available



$100,000 – $150,000 a year

Easily apply to this job without a resume Responsive employer
  • CFO/Credit Partner Program is an
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Finance Jobs, Employment in State College, PA

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$45,000 a year

  • The U.S. Air Force offers the Financial Assistance Program (FAP) to help pay for your medical residency.
  • After you complete your residency, you will serve one…

United States


Remote work available

Easily apply Urgently hiring
  • Validate the accuracy of all calculations and update data in LOS to ensure data integrity in the AUS response.
  • Mortgage Underwriting: 2 years (Preferred).


Neat Capital

United States


Remote work available



$65,000 – $75,000 a year

Mortgage Underwriting: 2 years

  • We are looking for an underwriter with at least two years of experience who can help us deliver amazing service for our clients as we scale our platform.

State College, PA

Remote work available

  • Full and/or Part Time Premium Auditor positions available.
  • Conduct insurance premium audits for Worker’s Compensation and General Liability policies by auditing…
  • Characteristics: Applicants should be highly committed to serving seniors
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