KETTERING, Ohio --- July 14, 2008 --- GE Money and Kittle's Furniture today announced a new multi-year relationship to provide consumer financing services through the home furnishings retailer's 14 Indiana and Ohio stores, including the Indianapolis Ethan Allen location and Thomasville Home Furnishings stores in Dublin and Easton, Ohio.
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KETTERING, Ohio --- July 14, 2008 --- GE Money and Brother International Corporation, a leading manufacturer of home sewing and embroidery products, today announced a new multi-year relationship to provide consumer credit through the Home Design program offered by GE Money's Sales Finance unit.
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GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Wilson as its new Chief Risk Officer (CRO), reporting to CEO Colin Shave.
Ian has a wealth of UK banking experience and 15 years credit risk experience. He joins GE Money from Santander Group where he held the position of Managing Director, Abbey Business. Prior to Abbey Ian worked for RBS, holding key positions including Director Credit Risk, Retail Banking -as well as a period at Ernst & Young as a Senior Consultant in Retail Banking.
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- A 'typical' homeowner who bought as recently as 2004 has an average "equity cushion" of 48% - prices would need to fall by almost half before value of the loan exceeded property value*
- Average home bought in 2000 with average deposit of £27K has provided a 58% buffer, based on today's prices
- The average London property purchased in 1995 would need to depreciate by three quarters (73%) for the owner to encounter negative equity
"As house prices soften many commentators understandably warn of the potential of negative eq
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