Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Lending / The Ticker

CIT Group posts hefty profit

Earnings soar amid lower interest payments

coins stacked
/ Print / Reprints /
| Share More
/ Text Size+

CIT Group (CIT) reported a solid quarterly profit, benefiting from lower interest payments on its long-term debt. 

Interest payments on the lender's long-term debt fell 70% to $233.8 million in the third quarter, Reuters reported. 

The New York-based lender has been refinancing its long-term debt, helping the company reduce its interest burden and improve its earnings. The company has $21.39 billion in long-term debt.

CIT reported net income of $199.6 million, or 99 cents per share, for the quarter ended Sept. 30, compared with a loss of $299.2 million, or $1.49 per share, a year earlier.
 

Source: Reuters
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus