Coming soon from SunPower: a solar home loan

That total count stood at around 16,200 at the end of the first quarter this year. The company has talked about launching a similar leasing program in France and other countries. SunPower also holds 10 percent of Japans residential market by selling solar panels through Toshiba and Sharp. SunPower still generates more sales from developing and building large projects for power plant owners such as MidAmerican and NRG.
Full original article: Coming soon from SunPower: a solar home loan

Student Loan Deal in Congress May Spell Trouble for Alumni Lenders

Valentin cites one private consolidation product offered by First Marblehead ( FMD ) and SunTrust Banks ( STI ), where the advertised fixed rate ranges from 7 percent to 10.25 percent, compared with SoFis 5.74 percent. On new loans, Valentin predicts that the alumni lenders cant lower their rates too sharply without eating into the return promised to investors and risking defections. What it comes down to is, Whats driving the investor? he says. Is the philanthropic part 95 percent of the investment decision, or is the return more important? Alumni-sourced loan providers continue to weigh other expansion options ahead of probable rate changes.CommonBond says it may soon roll out a consolidation product that targets undergrads of highly selective schools. Cagney says SoFi will introduce a floating-rate product in coming weeks and adds that the company may adjust rates on its in-school loans.
Full original article: Student Loan Deal in Congress May Spell Trouble for Alumni Lenders

BAC Florida Bank grows loans, profit higher

Its loan portfolio increased to $1.03 billion on June 30, up from $1.02 billion on March 31. The bank took a $500,000 expense to reserve for loan losses in the second quarter, down from a $1 million expense in the first quarter. BAC Floridaas asset quality worsened. It had $29.5 million in noncurrent loans, or 2.81 percent of total loans, and $3.6 million in repossessed property on June 30. Thatas up from $27.3 million in noncurrent loans, or 2.63 percent, and $1.8 million in repossessed property on March 31. The bank held $17.5 million to reserve for future loan losses to cover 59 percent of its noncurrent loans on June 30.
Full original article: BAC Florida Bank grows loans, profit higher

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