JP Morgan chairman Dimon warns worse still to come for U.S. Economy
from the Daily Telegraph:The head of JP Morgan Chase has warned of worse to come for the US economy in 2009 as he unveiled “very disappointing” ... of $17.2bn. In contrast, most of the bank’s competitors are expected to report multi-billion dollar losses ... s Investors Service lowered its credit rating on JP Morgan, citing its “poor prospect” of generating [more...]
Date: 2009-01-18 03:29:08
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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
Obama Stimulus Consigns US to ‘Banana Republic’ Territory
The Washington Times reports: The United States will “look like a banana republic” unless it gains control over its budget deficit and federal debt, ... one measure of America’s creditworthiness — credit default swap spreads — already shows some deterioration. The worse a nation’s credit rating becomes, the more its CDS spread rises. U.S. sovereign [more...]
Date: 2009-01-16 16:52:42
Wednesday Items
The Rothenberg Political Report has put out new 2010 Senate Ratings ... ) as safe. Credit where it's due: Senate Majority Leader Harry Reid did an outstanding job [more...]
Date: 2009-01-14 21:40:49
Oracle Shares Under Pressure Ahead Of Earnings Thursday
Oracle (ORCL) shares are off to a rocky start this morning as several analysts weigh in on conditions at the software giant ahead of its earnings report for fiscal Q2 ended November, which is due after the close on Thursday. Credit Suisse ... rating. “One of our primary theses on software has been that enterprise applications are more directly [more...]
Date: 2008-12-15 17:36:12
Questrade Gives Back Trailer Fees and Weekend Reading
Questrade Mutual Funds and Trailer Fees I noticed over at Questrade that, in addition to offering a low cost TFSA, ... for a newborn. Where does the time go? As CBC reports, it seems that the once mighty Nortel has finally ... Rate Savings Accounts MBNA SPG Credit Card Review Questrade Review Are Hybrid Vehicles Worth it? Tax [more...]
Date: 2009-01-16 11:30:34
Caterpillar’s infrastructure prospects
Standard & Poors rates Caterpillar a strong buy because of its potential to sell a lot of tractors as governments around the globe build bridges, ... the purchase or lease of equipment or on major repair and maintenance, according to a recent report ... frozen credit markets was evident in September 2008 at the height of the credit crunch [more...]
Date: 2009-01-06 16:47:51
Volt Still Kicking as Feds Take $5B GMAC Stake
With a new $6 billion bailout from the Treasury approved late yesterday, General Motors has lowered its requirements for auto loans ... of GM’s retail customers last year, Bloomberg reports). This morning GMAC announced it will provide loans to customers with a credit rating of 621 or above, down from yesterday’s minimum score of 700 [more...]
Date: 2008-12-30 21:00:12
5 Credit Repair misunderstandings
Amazingly, consumers find more than 13 million inaccuracies on their credit reports each year ... , there is a better way. Mortgage lenders and car dealerships have direct admittance to the credit ... . These inaccuracies can cost you the purchase of a home, a car, interest rate increases [more...]
Date: 2008-12-12 19:25:14
Nothing Comes Out of the G20 Meeting
G20 largely a non-event… Pound moves up… Brazil falls on sell off of emerging markets… Japan enters recession… And Now… Today’s Pfennig! ... thinking about the growing number of people who no longer have jobs to report to. And the problems ... capital standards and stronger risk management at banks, hedge funds, and credit rating firms. I agree [more...]
Date: 2008-11-17 16:06:26
Mortgage Refinancing Rates
by Ray Lam If you are a homeowner in the process of refinancing your mortgage, proper comparison shopping can save you thousands of dollars ... quotes so the lenders do not access your credit reports until you are ready to submit the application ... have several loan options. Usually, homeowners refinance to lock in a low fixed rate. This way [more...]
Date: 2008-07-21 11:04:19
World economic recession hits Dubai
Fox News are reporting that: "DUBAI, United Arab Emirates — The developer of a skyscraper planned to be the world's tallest said Wednesday it is ... development — which it unveiled only in October — came as a leading credit rating firm warned that falling ... values in the emirate tumbled 8 percent in the last three months from the previous quarter, a re [more...]
Date: 2009-01-15 20:00:00
Bond issuer upgrades look set to increase
Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]
Date: 2009-09-29 17:48:20
Would the Last Honest Reporter Please Turn on the Lights?
An open letter to the local daily paper — almost every local daily paper in America: I remember reading All the President’s Men and thinking: ... , but when they can’t make the payments, they lose the house — along with their credit rating. They end up worse ... loan? It’s a loan that the recipient is likely not to be able to repay. The goal of this [more...]
Date: 2008-10-31 05:00:52
End of The Year Market Report for Charlottesville Region
Copyright RealCentralVA.com, LLC. If you are not reading this at RealCentralVA.com the site you see is likely stealing content ... ‘em … wait! yes he does , Auto Bailouts, Investment Banking Bailouts, Credit Card companies ... - - Interest rates are ridiculously low, and loans are absolutely still available. - It is a Buyer’ [more...]
Date: 2008-12-22 14:00:36
LEED certified buildings on the rise!
Adobe headquarters in San Jose received three platinum LEED ratings Photo credit kqedquest According to the US Green Building Council (USGBC) ... building by the numbers report (.doc warning): By 2009, 82% of corporate America is expected ... $30-$40 billion annually by 2010 With that in mind it was great to see the report that AMD’s Lone [more...]
Date: 2009-01-14 18:16:45
LEED certified buildings on the rise!
Adobe headquarters in San Jose received three platinum LEED ratings Photo credit kqedquest According to the US Green Building Council (USGBC) ... building by the numbers report (.doc warning): By 2009, 82% of corporate America is expected ... $30-$40 billion annually by 2010 With that in mind it was great to see the report that AMD’s Lone [more...]
Date: 2009-01-14 18:16:45
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 14:03:40
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 17:03:00
New regulation and the GAO
rdan GAO has a report on regulation deficiencies of financial markets: ... participants—such as nonbank mortgage lenders, hedge funds, and credit rating agencies—some of which ... difficulty understanding new and increasingly complex retail mortgage and credit products. • Fourth [more...]
Date: 2009-01-15 10:00:01
South Asians Flee Dubai as Economy Slows
Dubai police have found at least 3,000 automobiles -- sedans, SUVs, ... -rating agencies recently have revised downward the outlook -- and in some cases, the credit rating ... from South Asia who have lost their jobs after Dubai's real estate crash, according to a DNA report. Dubai [more...]
Date: 2009-01-16 18:13:55
Latest News in Credit History and Jobs - Nov 7, 2008
Dollar Falls on Speculation Jobs Report Will Spur Fed Rate Cut - Bloomberg 7 Nov 2008 at 5:47am Nov. 7 (Bloomberg) ... - Edmonton Sun 7 Nov 2008 at 8:03am TORONTO - North American markets were all higher Friday morning ... from election hiring. Toronto’s S&P/TSX composite index rose 39.8 points to 5,595.21 … New Zealand [more...]
Date: 2008-11-07 15:44:32
Moody's gives Florida a negative outlook, credit rating could slip
The slumping economy and diminishing state reserves has prompted Moody's Investor Services to give Florida a negative outlook, ... from the state's economic slowdown and continuing deterioration in its housing market,'' Moody's report said Monday ... . Estimated revenue collections are not expected to exceed fiscal year 2006 levels until fiscal year [more...]
Date: 2008-09-08 07:30:14
Fed predicts economy will get worse
Fed predicts economy will get worse Posted January 6th, 2009 by TN Volunteer In the minutes from its last meeting, ... of 2008, which took the unemployment rate up to 6.7%. The December report will be released ... , low consumer confidence, weakened household balance sheets and tight credit conditions. It said [more...]
Date: 2009-01-06 21:20:58
Reasons behind the Nose-diving Blog Income
If you have been going nuts over the continuing downtrend of your blog income, here are the reasons ... , insurance, credit cards etc, are doing! :) Take a short break! Play PickJack, Learn and Earn a few Cents ... . Pubmatic, the ad optimization service, has published a report on the Ad rates trend for the past [more...]
Date: 2009-01-16 21:16:06
Hottest Products Reviews and Ratings
Acquiring that perfect product or service online can be a quite the hassle ... new offering that is sure to make people notice! Credit Repair Programs is quickly becoming a hot ... and delivering compendious and all-encompassing reports on all of these Credit Repair Programs items [more...]
Date: 2009-01-08 06:50:00
'Tis the season for bold predictions...
As customary, we are now in the part of the year where many will make predictions on what happens next year ... reports to see the takes of others.This is the first such bold prediction post I've seen so far. It comes ... extensive income and debt documentation. Those with the best credit will get the best rates [more...]
Date: 2008-12-19 18:45:00
D&B expects IIP growth to be around 4.1% during FY09
/India PRwire/ - IIP rebounded to some extent and registered a growth of 2.38%, during Nov-08 ... . Slowdown in economic activity coupled with increasing reports of job losses and pay cuts might ... ; Finance: Despite easy liquidity conditions and lowering interest rates, the credit offtake [more...]
Date: 2009-01-15 10:47:51
Fed Slashes Interest Rates; Nothing Happens
You can't say they didn't try. Nevertheless the Federal Reserve's drastic moves aimed at jumpstarting lending highlighted by dropping interest rates ... ago during the height of the financial panic but a normally functioning credit market is likely still months away. Bloomberg reports banks are still hoarding cash and shunning loans [more...]
Date: 2008-12-18 17:04:40
Opinion: NZ$ the worst currency over past 24 hours
By BNZ Currency Strategist Danica Hampton Once again, the NZD has the dubious honour of being the worst performing currency over the past 24 hours ... survey, Standard & Poor’s downward revision to the outlook for NZ’s foreign currency credit rating ... 4% this week from above 0.8500 to around 0.8150. Keep an eye out for Australia’s employment report [more...]
Date: 2009-01-14 19:48:44
David Cameron's speech to the CBI
David Cameron has set out the Conservative approach to dealing with the recession in a speech to this morning's CBI conference ... of a fiscal stimulus in the Pre Budget Report – had decided not to. We have consistently argued ... rates, monetary action must mean radical new measures to actually get credit flowing through [more...]
Date: 2008-11-24 11:58:39
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
Posts about Mortgage Market Report as of January 14, 2009
Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Bank $100 Checking Offer Roth IRA vs Tradtional IRA CD Ladder Calculator Imperial Capital Bank’ ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan [more...]
Date: 2009-01-14 12:23:49
Everybody Thought They Were Rich In California
The Bay Area Newsgroup reports from California. “Over the year that ended in July, ... institutions are already tightening up on terms, conditions, rates and amounts of credit [more...]
Date: 2008-09-16 20:00:21
2008 is the Worst Year for Job Loss since the end of WW2
CNN reports: The hemorrhaging of American jobs accelerated at a record pace at the end of 2008, bringing the year’s total job losses to 2 ... four months, after the credit crisis began in September. The unemployment rate rose to 7.2% last month ... (2 more car payments to go!) Reduce spending Cut discretionary spending Buy a few lottery tickets (thanks [more...]
Date: 2009-01-10 00:48:09
FSR’s Weekly Report Card for 01.16.09
MY BLOODY VALENTINE 3D Studio: Lionsgate Rated: R for graphic brutal horror violence and grisly images throughout, ... who plan to rob the stores in the mall of their credit card information. What I liked: This movie is stupid, and not always in a bad way. It’s a typical January release, as it’s not going to win any [more...]
Date: 2009-01-16 18:24:44
Take a little less yield on a CD, keep a bank in business
Today Justin is out doing what in the news business we call "reporting ... in the first place. "Higher rates are a short-term fix," says Camden Fine, president and CEO ... and businesses supposed to be starved for credit? I asked [more...]
Date: 2008-12-10 19:08:15
Wall Street Journal reports on causes of the housing bubble that burst our economy and in the long run helped no one out...
From the Wall Street Journal.... Housing Push for Hispanics Spawns Wave of Foreclosures-"California Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment [more...]
Date: 2009-01-08 08:01:00
Poll: 11 percent say Bush will be remembered as above average president
The news comes the latest poll from the Pew Research Center ... at least a fair amount of credit for preventing more terror attacks." The report provides a fairly ... . A bright spot for Bush: "In the final year of his presidency, even as his approval rating [more...]
Date: 2008-12-19 21:57:25
Dollar Falls on Rate Cut Expectations as High as 75 Basis Points
I've kept seeing mention of a possible 75 basis point cut by the Fed ... to a record low this month as stocks plunged and banks shut off credit, a report showed yesterday [more...]
Date: 2008-10-29 03:14:22
MortgageNewsClips: MUST READ: Forced To Lend, MUST READ pt 2, Reverse Slow Down, OTS Review, CSFB Bonuses Lump of Coal, Tax Break Cause Bubble?, John Mauldin, Bailout Chart, Bond Bubble, Obama’ Fed Pick, ZIRP and Ben, Walk Away, Sheila Bair, Extreme Makeover in Reverse
Today’s MUST READ: Forced to lend? ... -logo OTS Annual Report for Fiscal Year 2008 ———— Lump of coal in your stocking? - Credit ... s Weekly E-Letter - has interesting rates commentary ———— sfgate1 sf-chronicle nifty chart [more...]
Date: 2008-12-23 00:51:15
Obama talks stimulus. He hopes you are listening
The spate of retailers reporting devastating December sales this morning provided a nice backdrop for President-elect Obama's speech in Virginia ... that lower interest rates aren't getting the job done because credit markets are screwy and that tax [more...]
Date: 2009-01-08 18:11:11
US and China Look at Accelerated Retirement of Inefficient Cars
The Accelerated Retirement of Inefficient Vehicles Retirement Act of 2009 (ARIVA)—also called the “Cash for Clunkers” program—would reimburse drivers with a credit of up to $4,500 for scrapping vehicles with a when-new fuel economy rating of less than 18 mpg US as reported [more...]
Date: 2009-01-14 20:08:43
New Home Sales Up Slightly – Analyst Blog
New home sales in August rose a less-than-expected 0.7% to a seasonally adjusted annual rate (SAAR) of 429,000. Sales had been expected to come in at 440,000. Sales were also 3.4% below the year-ago level of 444,000. The result was especially disappointing since this was probably the last month that one could buy a new home and still close on it in time to get the first-time homebuyer tax credit. Still, there was some good news in the report. [more...]
Date: 2009-09-25 16:54:02
Dealing with budget problems in different ways
Tales of woe are collecting in the mainstream media at an alarming rate ... is already dripping red ink as detailed in this report in the LA Times. Emergency session may ... on the state are numerous. Revenue is dropping precipitously as the economy falters. The global credit [more...]
Date: 2008-10-07 15:49:00
Used Exotics Going For Honda Accord Money
2001porsche911 As brokers and bankers fall from the credit tightrope, they’ll have to downsize the excesses in their lives ... in price to a high-end Accord. Consumer Reports gives the 2004 E-Class an “average” reliability rating [more...]
Date: 2008-12-24 16:34:27
Sony Ericsson reports results for fourth quarter and full year 2008
.fullpost{display:inline;} Highlights:Global economic slowdown leads to contracting consumer demand Previously announced annual Euro 300 million cost ... of credit. Gross margin became 15% due to negative impact from exchange rate fluctuations [more...]
Date: 2009-01-16 07:56:00
Fed Predicts Economic Decline in 2009 Despite Obama
Minutes from the December 16th Federal Reserve meeting have been released and 2009 is not going to be a good year for you ... , and restrictive credit conditions were likely to continue to hinder household spending over the near term” ... rates to record low levels. U.S. auto-manufacturers suffer as Ford and GM report December sales down [more...]
Date: 2009-01-08 18:59:25
CDS update: Considerable volatility
This CDS report was written by Markit's Gavan Nolan The considerable volatility in European credit indices continued today, with little sign of a consistent pattern. A rate cut of 50bp by the ECB [more...]
Date: 2009-01-15 17:47:50
The Fed Translated…..
Release Date: December 16, 2008 The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 ... . No arguments there. Financial markets remain quite strained and credit conditions tight. I’m not sure ... . Let me rephrase that, in light of the Consumer Price Index report this morning, it’s pretty [more...]
Date: 2008-12-17 04:47:10
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