Wall Street Breakfast: Must-Know News

Chugging along towards a bailout. After multiple false starts, sources say an auto bailout could be unveiled today that would see General Motors ( ... potentially lowering General Electric's (GE) AAA credit rating, sending shares down 8.2%. The ratings ... through their credit arms, GMAC (GKM) and Chrysler Financial. Yes We Can (fix the economy)! [more...]

Date: 2008-12-19 12:18:35

Blog posts (25) | Videos (13)
 

Best Credit Repair - Outdated Credit Fixing Techniques

Having bad credit report affects you in all financial aspects of your life, there is strongest reasons then, justifying a credit fixing as soon as you can, you will get the benefits of lower interest rates on all kind of loans you apply for. However, there some important points to take in consideration when you ... [more...]

Date: 2008-12-27 19:00:59

How to Select the Right Company When Looking for a Credit Attorney

September 2, 2009 | By Ben and Casey In Finance | by Ben and CaseyCleaning up past mistakes on a credit report is not a pleasant experience. There are basically two ways of going about the credit repair process.Many people decide first to fix their own credit only to discover the process is much more involved than they expected. Below are several reasons why you may consider choosing a top rate credit attorney at a price almost anyone can afford. [more...]

Date: 2009-09-03 00:43:04

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

a legally approved solution to your debt problems iva advice

An Individual Voluntary Arrangement is commonly known as IVA ... Repair your credit ratings Fixed legally binding agreement Fixed repayment method (normally [more...]

Date: 2008-10-22 22:44:44

Single Ma’s 2008 Spending: The Devil’s in the Details

In yesterday’s post, Where Did My Money Go in 2008, I shared a summary breakdown of how I spent a net income of $90,303 ... to refinance for a lower fixed rate - despite having excellent credit and decent income.  To make matters [more...]

Date: 2009-01-08 15:00:14

Automobile Loans After Bankruptcy

by Thulas Sukati Although some people have enough money to buy a car from savings, ... to be fixed as a bad credit or any error may affect your rate and you may have to pay more interest ... loans like dealers, credit union, bank, or online lender and it is better to shop around first before [more...]

Date: 2008-09-25 21:14:49

Motorola Credit Rating Downgraded to Junk Status

It’s been a long time coming, but Motorola’s struggling mobile phone manufacturing business has finally caught up with its finances. Citing Motorola’s “operational challenges” that are not expected to fix themselves in the intermediate term, the Standards & Poor’s (S&P) Ratings Services has cut its long-term credit [more...]

Date: 2008-12-07 20:19:50

Mortgage rates slide under 5%

Rates on 30-year fixed-rate loans fell across the country for the week ended Thursday to an average of 4 ... Altman, a partner with WestCal Mortgage Corp. in Orange, said homebuyers with good credit and a 20% down ... .96%, the lowest in at least 38 years, says mortgage giant Freddie Mac. It began tracking rates [more...]

Date: 2009-01-15 22:02:07

Credit industry needs reining in Ed Born - Ocala, Fla. Credit industry needs reining in USA TODAY's article "Rate cuts? Not on credit cards" was a big disappointment. With the hue and cry about fixing the economic crisis, one would expect that some attention would be paid to the credit card mess (Money, Oct. 24 [more...]

Date: 2008-11-05 05:28:40

O.C. mortgage rates return to historic low, 4.875%

Rates on some home loans in Orange County fell today to the lowest since 2003, some mortgage brokers said ... whether the low rates will last. down-arrow.jpg Borrowers with good credit and a down payment of 20% to 25% of a home’s value can get a 30-year fixed rate loan for 4.875% with a one-point fee, said [more...]

Date: 2008-12-11 00:27:57

Mortgage Rates Drop! It Does Not Mean What it Used to

Fed announcement, 30-year fixed were roughly 6%. As of today all of the hype that low rates are going to save housing is about less than ... . The 5.5% rates that are making everyone so giddy are what’s known as ‘base-rates’ for perfect credit ... .  Perhaps two years ago when when house values were soaring, credit was easy, the mortgage market [more...]

Date: 2008-11-26 17:09:00

Add Your Comment:

« PreviousA bolder approach to credit-rating agency reform Next »Let the Great Rebalancing Begin The Fed's Wall Street pay fix Posted by Justin FoxFriday, September 18, 2009 at 4:02 pm 11 Comments • Trackback (9) • Related Topics:Wall Street, banks, executive pay, regulation I was a little nonplussed this morning when I read the not-very-shocking WSJ article that came with the shocking headline, "Bankers Face Sweeping Curbs on Pay." In the pre-Murdoch era that would have been a 600-word [more...]

Date: 2009-09-18 20:02:27

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

Bank cuts 130 O.C. jobs

HERE. Jeff Altman of WestCal Mortgage Corp. in Orange said later today rates fluctuated between 4.75% and 4.875% with a one-point fee ... Homeowners who got a break often defaulted again The regulator did it Good credit, bad mortgage … ... in 2007. And in other mortgage news… Bad-loan fix: Model or Myth? O.C. mortgage rates return [more...]

Date: 2008-12-11 21:09:31

Bush WH Ignored Mortgage Meltdown Warnings

“In hindsight, it was spot on.” -Jeffrey Brown, former top official at the Office of Comptroller of the Currency, ... than many fixed rate mortgages,” David Schneider, home loan president of Washington Mutual, told ... by the White House. The proposed regulations might have avoided the worst fo the housing and credit [more...]

Date: 2008-12-01 19:43:15

New Orleans Condo Search, Your credit scores do matter when applying for a loan!

    Banks and lenders have been increasing the scores needed to get the best rates on loans in 2009 ... .       This means it a great idea to check your credit score out while you are still in the early ... and get it fixed.  There are ways to make your credit score go up by reviewing your open lines [more...]

Date: 2009-01-18 02:59:19

Restructuring the International Financial System: A New Bretton Woods?

The members of the G-20 are meeting in Washington on November 15 to discuss reform of the global financial system ... about fixing exchange rates, as the 1944 meeting did. Detour for an anecdote.  In mid-1998 ... of credit to institutions and under terms not contemplated [more...]

Date: 2008-10-24 23:27:14

Credit freeze: It’s still on

NEW YORK (CNNMoney.com) — Credit markets remained choked after an emergency rate-cutting effort by six central banks offered some much-needed relief but was viewed as just one step toward fixing a massive problem. “It was probably necessary but not sufficient to break the logjam,” said Doug Roberts, chief investment strategist [more...]

Date: 2008-10-08 16:58:50

Friday's comment from the papers in...

Daily_fix_top_20 Today in Times Comment Gerard Baker: Only Americans could produce a result like this Michelle Obama: ... in a strange land (Florida) Ross Clark: The interest rate cut is bad economics and bad politics Joan ... the countryside Leading Article: (The Independent) - This rate cut is not just about credit [more...]

Date: 2008-11-07 08:01:03

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

Some Libor History

This was in a longer note from UBS and I thought that it was worth sharing as it gives a historical perspective on the relationship between Fed ... note from UBS: Interbank credit showed some signs of normalizing on Monday morning. At the Monday fixing, the three-month Libor spread to the expected fed funds rate was 292 bps, down from 330 bps [more...]

Date: 2008-10-21 05:42:53

Fixing Your Messed Up Finances this 2009

If you enjoyed the holidays as much as everyone else, then like them, ... -up budget. List all payables. How much credit card debt do you have? Get all your receipts ... your credit card statements so you can see if your bank is increasing its rates. Explore ways on how [more...]

Date: 2009-01-07 10:18:05

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

Fixing Credit Rating Agencies

And now for something completely different... I read yet another story on how the credit rating agencies (Standard and Poors, Moodys, Fitch, et al.) failed at their task of rating credit instruments (bonds, derivatives, etc.) to reflect the risk of those instruments. The credit rating business works like this: Companies that want to issue [more...]

Date: 2008-11-18 11:29:00

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