Media Digest 12/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Newspaper According to Reuters, car company executives went before Congress and pleaded for billions of dollars ... the November retail sales were as bad as feared. The Wall Street Journal reports that Credit Suisse revealed ... its forecasts. The Wall Street Journal writes that the car companies are taking their case to the web [more...]

Date: 2008-12-05 08:47:57

Blog posts (271) | Videos (214)
 

FHA Mortgage Lenders

Applying for a home loan for first time mortgage borrowers can be a daunting and treacherous task ... from a lender to a FHA. If we have bad credit, no credit, or simply not sufficient income to put ... . An alphabet soup family of difference is used: FHA, HUD, VA, and some-more can report a loan [more...]

Date: 2009-01-14 13:31:28

Harley-Davidson Profits Plunge 37% in Q3 Results (HOG)

Legendary motorcycle maker Harley-Davidson, Inc. (HOG) just reported its sales for the quarter declined to $1.42 billion ... a 15.5% drop. The company’s financing unit has been a major area of concern, with the credit ... . Despite the bad news, the company expects to report full-year earnings of $3.00 to $3.10 a share [more...]

Date: 2008-10-16 18:23:25

I went ahead...

... and got my Equifax report and the tax software tonight.I will kick myself if a reader out there knows how to get the credit score for free! ... . Not bad. The credit score was $23.95. I may not get it every year now unless ... I just had time at the computer and I was curious.My score is 811 !Here are the last 6 years [more...]

Date: 2009-01-10 01:25:00

Opportunity For Beginning New In Life

Opportunity For Beginning New In Life Posted By katie George on @ 2: ... will go higher. Its repayment duration ranges up to 15 years. Take out your credit report and check ... harder to avail and eventually it may lead to financial mess as well. However, bad credit loans [more...]

Date: 2008-12-30 08:30:20

Special Report: Credit Crisis and the Industry - From Dealer News

“I think it’s the sheep effect,” says Carlo Hansen, co-owner of Riverside Kawasaki in Somerville, Mass. “Everybody is scared at the same time. All the news is bad.” Hansen is referring to the nationwide credit crunch. He says even ... captive finance programs. Exceptions include BMW, Harley-Davidson and Honda, all of which [more...]

Date: 2008-12-28 17:04:52

M3 Contraction - The Future Is Now

The Telegraph is reporting Sharp US money supply contraction points to Wall Street crunch ahead ... asset prices are plunging. Those with good credit do not want to borrow and those with bad credit ... , or hyperinflation missed the boat on this big time. Now that those credit lines have been tapped or shut off [more...]

Date: 2008-08-19 17:20:55

When you overdraw your checking account does that effect credit??

don't mess with your credit That is exactly what someone plugged into a search engine to get to my site! I love it - bad grammar and all ... the bank is going to report you to the credit agencies. But if, however, you continue doing so every ... account does that effect credit??" hangin' out in the wind. My post on overdrafting sure didn't [more...]

Date: 2008-09-10 16:07:32

2 Out of 3 Ain't Bad, 7 out of 9 Is...

NEW YORK (AP) -- Average interest rates on most types of credit cards rose slightly this week, according to a report from CreditCards.com.Annual percentage rates on seven out of nine categories of cards -- business, instant approval ... Thursday. The APR on cards for people with bad credit held steady at 10.82 percent while rates on student [more...]

Date: 2008-11-14 17:47:00

Five Ways to Detect Fraud Using Geolocation

This post was written by Quova, they sent it as a press release but I thought it was interesting enough to publish on the blog ... who used credit card numbers later identified as stolen. The report estimates that in 2007 $3.6 ... are bad, the use of an anonymous proxy that hides or masks a unique IP address can be a fraud indicator [more...]

Date: 2008-12-15 13:04:02

A consumer complaint about Consumer Reports

This story just drips with irony! 2 ... be trusted. No fault of theirs, my credit card number got out to some bad guys in Malta or Africa, and the credit card company detected it, contacted me as I was checking into a hotel in NY (by declining [more...]

Date: 2009-01-12 13:57:29

Good and bad.

Worried bride Creative Commons License photo credit: spaceodissey I believe I have set a record ... % of the sales, they report, involved foreclosure sales. This is bad. Or is it good?  We know that the mortgage [more...]

Date: 2008-08-19 16:07:41

Madonna’s in ‘love therapy’, Kabbalah-style

The British tabloids began reporting that Madonna is in “therapy”, and now the American press has picked up the story ... , as if she would ever think “dominating” a man would be a bad thing. Reports in a British paper ... the Waverly Inn on 1/10/09. Credit: Bauergriffin (header [more...]

Date: 2009-01-17 12:51:14

REPORT: Credit lines increasingly hard to come by for auto dealers

Filed under: Car Buying Like him or loathe him, George W. Bush's clearest, most salient speech came almost a year ago on September 25, 2008 when our Harvard MBA president explained to the nation and the world exactly how bad the economy had gotten and why so much federal money ($700 billion-ish at the time) was being hurled at America's banks. The full speech can be found here , but one little section bears quoting: The decline in the housing market set off a domino effect across our economy. [more...]

Date: 2009-09-03 15:02:57

Treasury Opens Vault; Gangs of Robbers Rush In

As the fierce lobbying and politicking proceed on the government’s proposed bailout of banks and other lenders holding iffy paper ( ... and investment banks, ostensibly to relieve the so-called credit crunch. Other plutocrats resented ... to buy up bad assets of financial institutions.” So, the Times reports, the Financial Services [more...]

Date: 2008-09-22 19:49:44

TOPWRAP 1-More economic pain seen in 2009, govt’s to pump up aid

Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global ... -term as bleak economic reports roll in, signalling more bankruptcies, bad debts and layoffs through ... struggling to pay off mortgages and credit card bills. “It has been a shocking year, hardly anything [more...]

Date: 2008-12-31 05:44:34

The vast majority of people are not in trouble.

  Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem ... that a financial institution or Fannie/Freddie issued and now holds in their portfolio is reported as a bad ... they do not have enough asset value in the home to cover their loan.       *     Remember the [more...]

Date: 2008-09-30 12:45:59

GM, Ford Death Watch

Fortune is reporting GM plunges 31% as outlook dims Investors cast a shocking vote of no confidence in the future of U.S. automakers Thursday ... % of sales volume came from people with bad credit scores," said Magliano. "Now the subprime buyer ... is coming back to haunt them. Lenders dramatically cut standards for credit worthiness at the beginning [more...]

Date: 2008-10-11 05:40:52

Bailout Nation: "If we bail out Detroit, where do we stop?"

The unprecedented government takeover of Fannie Mae and Freddie Mac has ushered in a new era of government intervention in corporate ... is a bad credit risk -- the corporate equivalent of a subprime borrower looking for a huge mortgage ... billion in low-interest loans, the L.A. Times reports. There are also whispers on Wall Street [more...]

Date: 2008-09-11 00:30:25

Commonsense Regulatory Ideas Ignored Prior to Mortgage Meltdown

What continues to bother me about the financial crisis is that so many people saw the warning signs and yet so many others refused to pay attention to the risks. A new AP report reveals the extent to which the Bush administration ... 2006: Regulators told bankers exotic mortgages were often inappropriate for buyers with bad credit [more...]

Date: 2008-12-01 14:25:05

New York City Bankruptcy Lawyer amp; Attorneys - Chapter 7

div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... include child support, taxes, student loans etc./ppOne bad aspect of filing for personal bankruptcy is that it will stay on your credit report for ten years. Obviously, this makes applying for new [more...]

Date: 2009-01-11 16:15:36

Helping to Explain the Bailout Issue to Jittery Clients/Consumers

by: Chris Galler, COO - Minnesota Association of REALTORS Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give you at least ... and now holds in their portfolio is reported as a bad investment because the value of the asset [more...]

Date: 2008-10-01 17:06:08

Insert Penis [Joke] Here

The Washington Post reported last week that CIA officers are using Viagra as a means to barter for information in Afghanistan ... , I guess everyone is impotent. And has bad credit, too. The commercials never lie ... oil, cars with bows on them, Tough-Actin’ Tenactin, etc. Products that are being advertised [more...]

Date: 2008-12-30 20:12:02

Bad house, car debts mount in O.C.

TransUnion, one of the big three credit bureaus, reports that delinquencies rose in the third quarter on homes and cars in Orange County but remained flat on credit cards. The ratio of home loans 60-days past due climbed to 4.6 ... % a year ago. Credit card 90-day lates were flat in O.C. at 1%. The chart (click on it for larger image [more...]

Date: 2008-12-17 11:00:03

Car(e)less in LA, The Wong Sans Wheels Chronicles #9: Zipcrap

Argh! How did Zipcar manage to ruin my Sunday? I've had an hour and half to calm down ( ... to practically throw all the benefits of it in reverse in one really bad interaction with their customer ... .) 2. Sometimes the cars have hubcaps missing or expired tags. (Though, to their credit, if you report [more...]

Date: 2009-01-12 18:06:52

Why Phone Conversations with Bill Collectors is a Bad Idea

A highly trained bill collector knows how to get the most money out of defaulted debtors ... of how I wanted this reflected on my credit report. They would then have to agree with those terms ... . While you are nervously thinking of what to say they are taking notes… updating your credit file [more...]

Date: 2009-01-08 02:36:42

No economic news, but Lots of investor updates

The rates are great – jump on in!  Remember that next-to-0% short term Treasury rates are helping many ARM loans reset to lower rates ... but not limited to processing a loan application, ordering appraisals and/or credit reports ... . How are we looking in terms of ARM re-sets for 2009? Well, not too bad! Check out the websites [more...]

Date: 2008-12-22 17:23:40

Helping to Explain the Bailout Issue

   Helping to Explain the Bailout Issue to Jittery Clients/Consumers Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give ... /Freddie issued and now holds in their portfolio is reported as a bad investment because the value [more...]

Date: 2008-10-03 13:49:54

Can’t make your car payments? Buy a Hyundai

Tightwad_tod_marks_consumer_reports It’s bad enough if you lose your job in this miserable economy. It’s even worse if you’re out of work and you’ve just invested in a new car. With more than 10 ... , the plan is a calculated gamble on the automaker’s part to bring potential buyers with responsible credit [more...]

Date: 2009-01-09 01:10:49

September Car Sales? A Real Drag!

September car sales reports will be trickling in over the next few days and the news isn’t likely to be pretty especially for America’s automakers ... again, furthering its year long slide. Every automaker will suffer though it may not seem as bad ... thanks to a credit market that went into a tailspin a few weeks back. Through August 2008, year [more...]

Date: 2008-10-01 07:08:07

Global Investing Roundups Friday, December 19th, 2008

FedEx Announces Profit, Cost Cuts; Report: Wal-Mart to Sell iPhones; GM Denies Chrysler Merger Talks; Discovery Applying for Bank Status; ... reported. Credit card firm Discovery Financial Services (DFS) added itself to the list of companies ... ; Carnival Cruises to 4Q Profit FedEx Corp. (FDX) mixed bad news with good in its latest quarterly [more...]

Date: 2008-12-19 11:29:55

Bank Bailout Puts Taxpayers At Risk

ABC News' Betsy Stark reports: It all feels less frantic than the government's rescue of the financial system a couple of months ago -- and we can ... , it is reasonable to expect more loan defaults on everything from mortgages to credit cards. And if banks ... these bad assets that are draining bank reserves and investor confidence. In other words, [more...]

Date: 2009-01-16 19:01:22

Congress OKs historic bailout bill

AP With the economy on the brink and elections looming, ... also were buffeted by a bad report on the job market. The Labor Department said employers slashed ... an uninterrupted flow of credit to households and businesses." He said the Fed would work closely [more...]

Date: 2008-10-03 14:19:36

Congress blames BSP of extortion on Maya's birthday

Congress blames BSP of extortion on Maya's birthday Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... computer input. A company by the name of Oblong Industries, Inc., has created what they ...FarCry2, The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]

Date: 2009-01-15 16:03:18

3rd Wave of Foreclosure Hits The Jobless

People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]

Date: 2008-11-29 06:00:20

Visa Rush Card Hit 2 Billion Dollars

Can we say say 2 Billi? Hip Hop DX Reports.... Hip Hop mogul-turned-philanthropist, Russel Simmons’ latest endeavor, ... when more Americans than ever can use the extra help. Simmons’ RushCard is a prepaid Visa Card, similar to a debit card that allows people with bad credit to have the same opportunities while building [more...]

Date: 2008-12-18 14:46:00

Bush signs controversial Anti-piracy Law

(Image Credit) After what seems like series of bad decisions and autographs to important government documents, ... . The law creates an intellectual property czar who will report directly to the president on how to better ... that the creation of this position would undermine its authority. The law also toughens criminal laws [more...]

Date: 2008-10-14 23:08:33

'India to grow at 7 to7.5 per cent in 2009'

'India to grow at 7 to7.5 per cent in 2009' Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... computer input. A company by the name of Oblong Industries, Inc., has created what they ...FarCry2, The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]

Date: 2009-01-16 12:21:22

Shop around for mortgage broker?

My husband and I are planning on selling our condo soon, ... with us. Is it bad to shop around on a mortgage broker? The brokers are just doing a preliminary analysis on our situation with a copy of my credit report and my score, once they each tell me how much [more...]

Date: 2008-11-18 15:32:05

Mortgage Rates following a Dismal Jobs Report

This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score ... . Equally bad are the revisions to August and September's figures reflecting additional losses [more...]

Date: 2008-11-07 16:48:53

Is Debt Necessary For Generating Income?

“Margie” writes in: My husband and I are pretty frugal, but we currently carry about $25,000 in credit card debt and a personal loan ... about $1,200 on each one of the the personal loan and two credit cards. This way we’ll be able to pay off ... ? First of all, it’s worthwhile to get a bead on how bad this debt actually is. Margie reports [more...]

Date: 2008-11-26 20:00:49

It’s Time To Cut Back In California

The Union Tribune reports from California. “ABA Recovery Service owner Marcelle Egley-Sparks said that in the past year, ... During its first 73 years, San Diego Metropolitan Credit Union never lost money on a real estate loan. That ended last year, when it wrote off $527,681 in bad real estate debt. The credit union also took [more...]

Date: 2008-08-24 18:28:13

Business Is Booming for the Repo Man

At least it's not "Hot Shots: Part Deux" The Miami Herald reports that not everyone is taking the credit crunch as hard as kids in Britain: ... on this day, its loan hasn't been paid for months, with $200,000 overdue. I grew up in a Florida ... Fair story about the collapse of Bear Stearns, one person's (or company's) bad news, is another [more...]

Date: 2008-07-18 15:16:00

10 Tips to Keep Identity Theft from Ruining Holiday Travel Plans

From Brian Lapidus, Chief Operating Officer for Kroll Fraud Solutions Attention Holiday Travelers: There’s good news and bad news to report about the 2008 holiday travel season. The good news ... the house key. Don’t leave out tax returns, credit card statements, utility bills and the like. It’ [more...]

Date: 2008-12-16 06:24:11

Good News For Buyers Is Always Bad News For Sellers

The Desplains Times reports from Illinois. “Last month Dan decided to stop paying his mortgage. It was hard for him ... be able to afford anything.’” “To finance the purchase he obtained two mortgages, one for 80 percent ... keep dropping,’ he said. ‘They go down by about $5,000 every month.’” “Dan’s credit score [more...]

Date: 2008-06-12 14:48:03

Coming soon, a high-tech stairway to heaven!

Coming soon, a high-tech stairway to heaven! Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... , The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]

Date: 2009-01-18 08:25:51

US Treasury to rely on China and the Middle East to finance bailout?

The Wall Street Journal is reporting Financial Troubles Humble U.S. The U.S ... by bad debt and market distrust. This is a bittersweet moment in U.S. economic history. In one sense ... their diplomats to reassure other nations on questions of credit-worthiness," says former [more...]

Date: 2008-09-29 04:20:45

US Treasury to rely on China and the Middle East to finance bailout?

The Wall Street Journal is reporting Financial Troubles Humble U.S. The U.S ... by bad debt and market distrust. This is a bittersweet moment in U.S. economic history. In one sense ... their diplomats to reassure other nations on questions of credit-worthiness," says former [more...]

Date: 2008-09-29 04:19:47

What do you think about deflation?

The economy just might be on the way to “fixing” itself, if it doesn’t destroy itself first ... more businesses could go under. Bad. Of course, in the long term, lower profit points could mean ... their credit, etc. That would be good. The New York Times reports that construction on new houses [more...]

Date: 2008-11-19 15:22:55

UK report: 25% of families will have no disposable income in 2009

The UK has been a credit-loving country for years and like the US, is going to have to learn how to survive with less easy credit ... to keep the economy afloat. Decades of bad policy won't be turned around overnight and maybe [more...]

Date: 2009-01-06 08:38:01

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