New Aussie Home Loans chief executive James Symond believes banks are likely to face increased oversight from regulators in response to theboom-time conditions in parts of the housing market, despite a recent slowing in lending to investors.

As low interest rates spur strong demand for loans, Mr Symond said banks were taking greater precautions with higher-risk types of lending, such as interest-only lending to owner-occupiers.

Growth in lending to property investors – a key concern of the Reserve Bank – had also eased slightly, he said in an interview with Fairfax Media.

Even though banks were being more cautious, Mr Symond said he thought further levers would...

On Wednesday, US Bancorp (NYSE:USB)’s shares declined -0.23% to $43.43.

Yesterday, US Bancorp (USB), stated net income of $1,431 million for the first quarter of 2015, or $0.76 per diluted common share, contrast with $1,397 million, or $0.73 per diluted common share, in the first quarter of 2014.

US Bancorp Chairman, President and Chief Executive Officer Richard K. Davis said, US Bancorp, once again, delivered industry-leading performance measures in the first quarter. We achieved net income of $1.43 billion, or $0.76 per diluted common share, return on average assets (ROA) of 1.44 percent, return on average common equity (ROE) of 14.1 percent, and an efficiency ratio of 54.3...

Being in debt can be a stressful time, so its little wonder that people lose sleep over it. But, just how much people lose could surprise you, with research from Zopa finding that those with money worries lose an average of 2.1 hours sleep per night.

Debt stress takes its toll

According to the figures, 40% of those in debt lose sleep over it, and that can affect more than financial health. Losing that amount of sleep can quickly take its toll, in an emotional as well as a physical capacity: 44% said that family life was significantly affected by being in debt, and a further 20% cited loss of respect from family and loved ones as their biggest debt-related fear.

But just...

April is Financial Literacy Month, and if youre wondering how to manage your finances better, well, theres an app for that.

article source

Link said credit cards or ATM access could be limited after natural disasters, so having a cash reserve is key.

article source

For most of us, bankruptcy is a devastating turn of events. But in fact, it can be the start of the road to recovery. This is how you can turn your finances around

article source


Conventional loans are the foundation of the mortgage industry. In a recent week, only about one in four prospective borrowers applied for a government-backed loan, according to survey data from the Mortgage Bankers Association.

The Federal Housing Administration and the Department of Veterans Affairs basically insure home loans made by participating lenders. These loans tend to have more lenient credit and underwriting requirements compared to conventional loans, which carry no government backing.

FHA and VA loans feature benefits that can be the right fit for the right...

Individuals experiencing a sudden change in their employment may face many challenging options related to their personal finances. Monthly bills, discretionary spending and current debt are just a few of the items that may require attention with this life shift. It’s important to understand that decisions made during this period can have a lasting impact on long-term financial health and should be carefully evaluated to avoid common mistakes.

A few best practices to keep in mind during these transitional periods include:

Plan first, act later

It may be tempting to make immediate decisions while emotions are high. Do your best to refrain from falling into this trap....

In a research note issued to investors, Jon Arfstrom at RBC Capital Reiterated their Buy rating on US Bancorp (NYSE:USB). The analyst placed a $46.00 price target on the stock which indicates a 8.48% upside to the last closing price. In the year following Arfstrom’s ratings, the stocks covered yield an average return of 3.40% according to In the past year 11 out of 21 recommendations or 52.00% were successful.

In looking at the consensus numbers, the sell-side analysts covering the stock have a mean target price of $45.884 for US Bancorp (NYSE:USB). This number is the mean estimate from the 13 research brokerages that recently issued reports on the firm.


Analysts on the Street are expecting Lakeland Financial Corporation (NASDAQ:LKFN) to post an earnings per share number of $0.64 for the quarter that ends on 2015-03-31. The figure is the consensus from all of the firms that have issued estimates on the company.

Research analysts have a consensus long-term growth estimate of $10 on the company. This estimate considers both sales and earnings over the next three to five years. The three months ago estimate was at $10.

5 analysts from the sell-side that cover Lakeland Financial Corporation (NASDAQ:LKFN) have given stock price projections where they expect the number to be within the next year. The consensus target from these analysts...