Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance

Fix the mortgage finance system

Siena’s loan products include commercial business loans and working capital lines from $1 to $20 million. “We are very pleased to extend this credit facility to Siena,” said Andrea Petro, Division Manager of the Lender Finance Division of Wells Fargo Capital Finance, adding “We have known and have been impressed with David Grende and his team’s long track record of success and look forward to supporting Siena’s plans for continued growth.” Siena’s business model, team and sponsorship by Solaia Capital were important factors in securing the financing with Wells Fargo. “Our longstanding relationship with Wells Fargo coupled with its market dominance in the lender finance sector make Wells Fargo the perfect financing partner for Siena,” said Michael Carrazza, CEO of Solaia Capital and Siena’s Chairman. “Securing this attractive credit financing speaks of the strength of Siena’s platform and growth opportunities.” Siena’s hybrid business model targets a widening gap between community banks and commercial business lending.

Greek finance ministry fined over massive tax data leak

As a percentage of FSCs recent stock price of $10.77, this dividend works out to approximately 0.89%, so look for shares of Fifth Street Finance Corporation to trade 0.89% lower all else being equal when FSC shares open for trading on 8/13/13. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen or click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com Below is a dividend history chart for FSC, showing historical dividends prior to the most recent $0.0958 declared by Fifth Street Finance Corporation: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FSC is likely to continue, and whether the current estimated yield of 10.67% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FSC shares, versus its 200 day moving average: Looking at the chart above, FSCs low point in its 52 week range is $9.66 per share, with $11.13 as the 52 week high point that compares with a last trade of $10.79.

Reminder – Fifth Street Finance (FSC) Goes Ex-Dividend Soon

FSC+Dividend+History+Chart

According to analysts, the measures will help these companies to attract long term funds from insurance companies and help them in overcoming liquidity crunch. Among other measures, the single investee debt exposure limits in housing finance companies have been enhanced to 20 per cent of equity plus free reserves from existing 10 per cent limit. The 20 per cent limit mentioned above can be further increased by an additional 5 per cent with the prior approval of board of company, the notification said. The group and promoter group exposure norms will continue to apply on the investments made in a housing finance company, it said.

IRDA relaxes investment norms for housing, infrastructure finance firms

Modernizing it is a key element of its 240-billion-euro EU/IMF bailout. The Hellenic Data Protection Authority said the General Secretariat for Information Systems (GSIS), the public sector’s biggest data centre which falls under the finance ministry, was guilty of breach of duty. A 35-year-old computer programmer has been accused of hacking into finance ministry servers last year and stealing the personal data of roughly two thirds of the country’s 11 million population. The programmer, who was arrested last November and is awaiting trial, is suspected of attempting to sell 9 million files containing identification card data, addresses, tax ID numbers and licence plate numbers. “Despite the volume of data it handles and how crucial it is, GSIS does still not have…

He supported slowly but steadily winding down Fannie and Freddie, so-called government-backed enterprises meant to drive investment to mortgages, and replacing them with a more modest government role in the market. Washington Post Editorials Editorials represent the views of The Washington Post as an institution, as determined through debate among members of the editorial board. News reporters and editors never contribute to editorial board discussions, and editorial board members dont have any role in news coverage. Editorial Board Project seeking every document written to or by Abraham Lincoln feels a financial crunch. Simply hearing the president argue for ending Fannie and Freddie is important.

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