BREAKING: Washington Mutual seized by feds, biggest bank failure in US history
WSJ:In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc ... after it got caught up in the booming part of the mortgage business that made loans to people with bad credit, known as subprime borrowers. Troubles spread to other parts of WaMu's home loan portfolio [more...]
Date: 2008-09-26 02:41:42
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The Credit Crisis: Taking the Long View
JURIST Contributing Editor Douglas Branson, holder of the the W ... and loan (Friendly). Commercial banks did very little mortgage business in those days. Mom and Dad filled out Friendly’s loan application on Friendly’s own form, at least to the point at which the loan [more...]
Date: 2008-10-09 19:37:49
TARP Money Funneled to Jesse Jackson Fundraiser
by Jim Kouri, CPP TARP Inspector General Asked to Investigate Citigroup and Bank of America Donations to Rainbow/PUSH; ... to our economy. The stated goal was to unfreeze credit so that banks can make loans to businesses [more...]
Date: 2009-01-16 13:55:08
The Strategic Advantages Of Maximizing Natural Business Growth
By Donald Mitchell Growth can occur naturally . . . or it can be forced by using bad methods ... on unsustainable gimmicks to grow their businesses (such as zero percent interest car loans, 125 percent of assessed value home loans with teaser rates, and tripling interest rates on credit cards for those [more...]
Date: 2009-01-14 05:02:38
GMAC 's $5 billion bailout for more bad loans.
Business: Another fine example of why bailout out the big 3 and this case GM's finance branch was a horrendous idea. Lets get the cash and just make more bad loans. With GMAC now resurrected as a bank holding ... financing on some slow-sellers, including its GMC Envoys and Chevy Trailblazers, for up to 60 months [more...]
Date: 2008-12-31 05:18:24
Learn More Information About IVA in this Blog Publication
A major part of businessmen have hard times in the years of setting up their own business. They are trying too many things to find a secure position from that the further progress is possible in a competitive business world. That is why so often entrepreneurs borrow money and take advantages of a good credit, but not all of them can cope with a fact that finally comes the time of paying back. A person should take a loan and a credit that are suitable for that business pattern which a person has accepted. [more...]
Date: 2009-09-30 16:03:09
Russia’s oligarchs queue for loans
Russian oligarchs are lining up for $78bn of Kremlin loans to survive the credit squeeze, handing Prime Minister Vladimir Putin the opportunity to increase government control of the nation’s biggest companies, reports Bloomberg. More than 100 business leaders are vying for loans [more...]
Date: 2008-12-22 05:32:23
Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... emphasized a new jobs tax credit, eliminating all capital gains taxes on investments in small businesses and start-up companies, fast tracked loan guarantees for the auto industry, infrastructure projects [more...]
Date: 2008-10-14 13:45:29
Commercial Mortgage Loans for Your Properties
by katie George Commercial Mortgage Loans are often required for buying the business’ real estate and commercial properties that can be utilized for ... on the lender, one needs to be very careful. Whichever enterprise it is, whether big organization or small [more...]
Date: 2008-12-22 15:44:33
Currency issues, IMF grants loan, Structural reform, New Business, Human ights, Russian Gas, Ukraine, Polish scandal, New, Sport and Culture
From the Top...#377Alexander Lukashenko advises citizens not to change currency of their savingsFrom: ... say how bad the crisis was and how it would unfold… We have started zigzagging. There is no doing [more...]
Date: 2009-01-14 09:39:00
Did Racism Help Cause the Mortgage Crisis? The Rise of Sandy Weill and Citigroup
Photo: United for a Fair Economy The State of the Dream Sandy Weill’s story tells how racially-biased predatory lending lies at the center of the ... in his chips and set about looking for his own business. In 1986 he settled on a Baltimore loan company named Commercial Credit that specialized in predatory lending. The tale of how Weill would use [more...]
Date: 2008-12-11 16:53:16
More Evidence of a Balance Sheet Recession
“Make more loans? We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.” — John C. Hope III [more...]
Date: 2009-01-18 06:30:51
UPDATED (v 2.0) John: STOP Selling Out the American People for Political Corrtectness
**** UPDATE: Rewritten for readability and to correct a few errors ... " minorities who had no business whatsoever getting those loans. This was done in the name [more...]
Date: 2008-10-04 17:37:14
OnlineCheck.com
These coming days and months have been rough on all American families .With the struggle of the economy we have to embrace for the future ... loans and credit card processing with has less stringent requirements, faster approval ... they know they can get good benefits by using their credit cards. If your business is in bad shape and you need a loan [more...]
Date: 2008-12-15 21:50:17
Obama Expands on Economic Plan, Emphasizes ‘J-O-B-S’
Posted by Steve Benen, Washington Monthly at 4:13 PM on October 13, 2008 ... lengthy policy proposal, but the speech emphasized a new jobs tax credit, eliminating all capital gains taxes on investments in small businesses and start-up companies, fast tracked loan guarantees [more...]
Date: 2008-10-14 16:26:04
The “good-bank, bad-bank” routine
In the latest saga of Citigroup, the enterprise plans to split into a more traditional banking operation and an operation to handle its assorted non-banking business. The latter will also be assigned the mortgage loans, including the potentially toxic sub-prime loans and derivative investments. Although this decision appears [more...]
Date: 2009-01-16 17:37:03
Obama on ACORN Controversy: "A Distraction... We Don't Need ACORN's Help"
On Tuesday afternoon, Sen. Barack Obama, D-Ill., made a statement about the latest economic developments and took questions from the reporters ... up credit so that small business and individuals around the country can get car loans ... . "I know there has also been some talk about providing guarantees to bank loans, to encourage the credit market [more...]
Date: 2008-10-14 20:56:49
Barack Obama Draws 100,000 to St. Louis Rally
Wow. This is impressive no matter your political persuasion ... have disappeared. The credit crisis has left businesses large and small unable to get loans, which [more...]
Date: 2008-10-19 04:51:44
Naughty and Nice
It's undeniably been a busy year for higher education with financial crises, continued student loan controversies, ... followers of the student loan market this year. When credit and asset-backed securities markets froze ... , Pennsylvania, and others are all looking to slash spending on higher education. Student Loan Panic [more...]
Date: 2008-12-18 22:20:06
9 Reasons for a good credit rating or FICO score
Does my credit rating really matter? That question goes through a lot of people's heads as they max out their credit card or don't pay their automobile payment Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events and community [more...]
Date: 2008-12-22 12:51:43
Focus Of Financial Meltdown Blame Shifts To Barney Frank (D-MA)
FRANK-LY DISGRACEFULCongressman's Key Meltdown Role Increasingly Clear*** NEW: ... loans to people with poor credit histories in the name of "social justice". Frank was at the very ... that making some bad loans was just another tax., a cost of doing business as a regulated company [more...]
Date: 2008-09-27 19:12:00
How to Use 0% Interest Credit Cards
If you're credit is strong enough to garner the attention of credit card companies offering 0% introductory interest rates, then you surely have the discipline Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events [more...]
Date: 2008-12-23 12:45:37
Cameron Turns Back the 'Do Nothing' Charge Onto Brown
David Cameron has just announced a plan to abolish income tax on savings for basic rate taxpayers. Good ... David Cameron's National Loan Guarantee plan, which would get credit flowing again to businesses ... of tax• Raising the tax allowance for pensioners by £2,000• Publishing reports, for consultation [more...]
Date: 2009-01-05 12:41:00
UAE fixed deposits pay 6-6.6%
Order my book online from this link Hunting around the world for a safe investment option is pretty fruitless these days with interest rates ... . Hence banks are paying higher interest rates to attract deposits and will then loan this money ... a healthy accommodation of a downturn in the business cycle. The UAE credit squeeze will downsize [more...]
Date: 2009-01-08 05:39:52
Scroll for Updates:BREAKING: State Of Illinois Refuses to Do Business with Bank of America Because Republic Windows & Doors Was Denied Loans Due To Deadbeat Status
UPDATE: Ill. gov. jumps in to sit-in at shuttered plant Gov ... money is not to be used for bad loans. We wouldn’t be in this situation had the banks watched ... workers last week that the plant would close, blaming a loss of credit with Bank of America, says Mark [more...]
Date: 2008-12-08 18:00:08
At the Fed, rate cuts aren't where the action is any more. Quantitative easing is
In one sense the Federal Open Market Committee's decision today to move its intended Federal Funds rate down to "a target range .. ... Loan Facility to facilitate the extension of credit to households and small businesses. The Federal Reserve will continue to consider ways of using its balance sheet to further support credit markets [more...]
Date: 2008-12-16 21:31:42
DEMS SEEK TO BLAME BUSH FOR THEIR MISMANAGEMENT
Submitted by: Clark Havard Fannie, Freddie And Now, Hannie By INVESTOR’S BUSINESS DAILY | Posted Thursday, January 15, 2009 Subprime Crisis: ... % of all subprime loans. Now these chickens are coming home to roost. The mortgage giants, internal memos show ... The media have pounded President Bush for a wave of Hispanic home foreclosures [more...]
Date: 2009-01-16 19:40:15
The Benefits of PA2
As many of you Kiva lenders have noticed, Kiva recently upgraded the administration system that Field Partners use to post businesses and report ... onto Kiva and report on the status of each loan. This was a major redesign of the site ... been working closely with the other two Cambodian MFIs, CREDIT and Maxima, to help them [more...]
Date: 2008-12-04 15:14:33
Trepidation About Quantitative Easing, Version 2.0
The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... Securities Loan Facility to facilitate the extension of credit to households and small businesses [more...]
Date: 2008-12-17 10:28:49
FHA Mortgage Insurance Fund Down 40%
Mortgage Law Central reports today on FHA’s Oversight Capability. The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]
Date: 2009-01-14 22:30:06
Bill Heard Goes Down
As you may have heard, Bill Heard just filed for bankruptcy protection. Who is Bill Heard? The details: Bill Heard Enterprises Inc., the largest U.S ... like he took on too many bad loans: Industry analysts say, Heard couldn’t overcome what had become a flaw in his business model: high-volume but low-profit sales targeting people with blemished credit [more...]
Date: 2008-09-29 18:30:22
Commercial Real Estate Downturn Creates New Call For Bailouts
Bailout The floodgates are open and every businessman and woman who has made a bad business decision is now clamoring for a federal bailout ... funds and others holding the loans or pieces of them that were packaged and sold as securities ... these days on...Residential Real Estate Downturn Due To Greed, Commercial Due to Credit Crunch? Here [more...]
Date: 2009-01-05 14:36:49
So Maybe Hogs Can't Fly?
Harley-Davidson's stock price is little more than a third of what it was a year ago, ... getting loans, or buying on credit -- can't get their hands on it. Every business is suffering [more...]
Date: 2009-01-15 21:44:41
Fixing a Global Confidence Crisis
It's been called a crisis of confidence. It started with bad real estate loans and highly leveraged bets on those loans. Now it has frozen credit markets. Banks aren't lending to each other. Businesses can't ... credit, the financial crisis threatens to become a real economic one. And it's global. Welcome [more...]
Date: 2008-10-08 23:12:39
LendingClub Loans
Examples of loans being funded at the LendingClub. If these guys are getting their loans funded, couldn’t you? ... credit cards Tulsa, OK Purchase engagement ring RONKONKOMA, NY grow business,early payoff. tamarac, FL Using to pay down credit cards Rensselaer, NY Pay off credit card at lower rate Jupiter [more...]
Date: 2009-01-11 01:17:27
Fed Announces $800 Billion in Homeowner, Consumer and Small Business Aid
The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) ... -backed securities (ABS) – loans often taken for students, car owners, credit card holders and small ... directly into U.S. banks and insurance companies, firing off a flurry of takeover deals – [more...]
Date: 2008-11-26 13:05:07
News.....
Inmate suing Prison Service after injuring himself in failed escape bid Time to put some of these 'crooked' lawyers out of business ... a bunch of thieving Dids in their village. £5.7bn scramble to pay off home loans: Worried families making record mortgage repayments. More bad news for what's left of the High Street. Somalia faces [more...]
Date: 2008-12-30 10:33:37
Business Impact-Tax Law Changes For 2009 Part 3 I Think
Here is the third and final business impact post on the 2009 tax law changes ... . If you owe taxes because of loan forgiveness, credit card debt forgiveness that is taxable, you didn’t live ... in, there will be relief for people who don’t have a lot of money, were nailed in a natural disaster [more...]
Date: 2009-01-05 05:09:26
What is a credit writedown?
It's been my thesis for a while now that this particular business cycle will be held hostage by the credit writedowns of financial institutions ... makes a mortgage loan at say 6% interest, it gives the home owner the cash, and it receives 0.5 ... . The obvious question then is what the heck is a credit writedown and why are they so important [more...]
Date: 2008-08-11 16:31:35
Bailout Mania!
In the wake of the Wall Street bailout which now is reaching $3 trillion dollars in bailout and loans (not just the $700 billion as was o ... with a bailout. Government financing of bad business practices is the hallmark of Socialism ... . The United Auto Workers has said it wants $25 billion to help fund the union- run retiree health-care [more...]
Date: 2008-11-13 11:00:00
Loans
This is an opportunity to every individual who does not have capital to start with a business ... you have decided for a vacation. Usually business financing nowadays is not easy to avail due to rampant bad credit problem but this company is readily open arms for financing your business and no assets [more...]
Date: 2008-12-05 13:51:00
Economic Potpourri December 30, 2008
The barrage of noteworthy economic news continues as we head into the new year ... to buy bad loansJapan's government and central bank are considering a $110 billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch gripping the country's businesses [more...]
Date: 2008-12-31 02:58:00
FHA Training: 5 Simple Tactics To Help Loan Originators Thrive In Tough Times
FHA training for loan officers is more important than it has ever been. Times are tough in the mortgage business ... , they usually end up back there with worse credit and a more difficult situation. In addition, due [more...]
Date: 2008-10-30 02:50:52
It Is Illegal Under RESPA to Require Even Prequalification With a Particular Lender
RESPA no person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person [more...]
Date: 2008-12-16 14:43:35
Biggest U.S. Export by far was bad paper
The bundling of consumer loans and home mortgages into packages of securities -- a process known as securitization -- was the biggest U.S. export business of the 21st century. More than $27 trillion of these securities have been sold since 2001, according to the Securities Industry Financial Markets Association, an industry trade group [more...]
Date: 2008-10-27 21:57:55
Mortgage Servicing Loses Luster as Bad Loans Moun
Bank of America Corp., GMAC LLC, and WL Ross & Co ... when his servicing business recoups advances to investors. Servicers agree to advance cash to investors [more...]
Date: 2009-01-11 18:03:47
Bank Of America Caves To Factory Workers
I can’t believe Bank Of America caved to public pressure over the laid off workers who staged a sit-in in Illinois ... refused to give them a loan. The reason they refused is because Republic is broke and can’t pay it back — ... credit to the failing business. Incredibly, B of A announced today that it’s caving to the workers [more...]
Date: 2008-12-09 22:01:55
Invasion of the Money Snatchers
So let's get this straight, after we let 'them' rape and pillage the Savings & Loan industry to the tune of a $150,000,000,000 bailout ( ... , de-powered rabble they mean business, the fact is, in the end, the Banksters will get everything they want [more...]
Date: 2008-09-22 22:44:38
Bank of Clark County seized, given to FDIC
Lots of government people in suits showed up after the Bank of Clark County closed for business this evening. It’s not good ... that the Bank of Clark County had lost money on construction and development loans, but not how bad [more...]
Date: 2009-01-17 06:13:55
Don’t Lock Today’s Buyers Out of Homeownership
It seems that down payment assistance programs (DPA) create a genuine divide among real estate professionals ... or VA loan as they were opposed to contributing the few hundred dollars in fees that those programs ... by corporate greed and bad business practices. Today’s buyers attempting to use DPA’s are a different set [more...]
Date: 2008-09-17 20:57:32
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