new credit report : Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans (blog)

Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans

I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical ... in mountains of cash thawed a “frozen” credit market. So are we stuck with the alternative…do nothing ... the differences. Enter this new report… Subprime Mortgages, Foreclosures, and Urban Neighborhoods [more...]

Date: 2009-01-17 16:45:16

Blog posts (168) | Videos (57)

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

Higher Ed Roundup: Week of July 14 - July 18

Dept. of Ed Requests Emergency Survey on Credit Transfers Few Colleges Join TEACH program New Repayment Program for Borrowers May Not Help All Who Need it, Report Says Dept. of Ed Requests Emergency Survey on Credit Transfers ... to give the federal government more authority to regulate traditional colleges' transfer of credit [more...]

Date: 2008-07-19 00:31:00

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

Sunday Money Madness - Happy New Year!

Happy New Year Everybody! Let’s kick off the first of this year’s roundup with a bang! ... @ Saving to Invest. Carnival Of Credit Report Stories Dec 22 @ Lava. Related Posts Sunday Money ... Credit and Debt No Debt Does Not Mean Good Credit says Credit Karma. All Financial Matters posts [more...]

Date: 2009-01-04 13:07:58

Visa Black Card: 1% Cash Back, 0% APR Balance Transfers, Concierge, and Luxury Gifts

Visa is introducing a new credit card catered to consumers who spend $50,000 or more a year ... . According to the card’s application, only 1% of U.S. residents will qualify. I’ve seen reports ... for the card. Some who are accepted have average credit scores and low income. This is not what you would [more...]

Date: 2009-01-09 13:00:02

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

Get a Mortgage on a New Home in Florida with 2% down! By Geniusofdespair

.fullpost{display:inline;}An Eye on Miami Investigative Report: Lennar and Shoma New Homes can be purchased with less than 2% down! ... credit scores still getting you a mortgage, we noted that a recent call to Lennar had yielded news ... , you can advertise your homes as having downpayment assistance available.” Loan Guy said of the program [more...]

Date: 2008-10-31 20:39:00

If It Stops Moving, Subsidize It

Naturally, now that government plans to intervene in the economy with a massive stimulus package, everyone wants their “fair” share. Robert D ... that wouldn’t be there otherwise. A new report by the Information Technology and Innovation ... grid. And a Silicon Valley petition calls for a tax credit for companies that spend more than 80 [more...]

Date: 2009-01-06 03:15:11

Coming This Week…

by Matthew Schwarzfeld - Credit: ProPublica Tuesday, July 15 New Yorker writer Jane Mayer releases her new book “The Dark Side, ... for Policy Douglas Feith -- opponents in a high-profile dispute triggered by the author’s recent book ... his semiannual report to the Senate Committee on Banking, Housing, and Urban Affairs. The testimony couldn’t come [more...]

Date: 2008-07-14 18:06:00

9 Million Identities stolen in US each year - $49.3 Billion in losses vs. $17.6 Billion for all other forms of property crime

There are new rules that any company that offers any form of credit has to comply with for reporting identity theft incidents. The rules stem from FACTA - Fair and Accurate Credit Transactions Act. In some sense ... against individual's for theft - violent or not. Its kind of interesting - the FTC reports identity [more...]

Date: 2008-10-17 11:15:18

Margin Call Gentlemen- VW Credit accuses Lamborghini of Orange County of outright Theft.

About two months ago, reports coming in from California's Orange County Register indicated the world's largest Lamborghini dealership, ... . Now, a new report by the publication has shed more light on the situation that has Volkwagen Credit Inc ... filed recently, VW's U.S. credit arm alleges owners Vik, Asdghig, Nora and Sossi Keuylian [more...]

Date: 2009-01-14 15:20:00

Thoughts on Geithner tax-gate

TIM GEITHNER'S mangling of his tax returns earlier this decade, the New York Times reports, ... to do so. (Photo credit: AFP/Getty Images) [more...]

Date: 2009-01-15 23:10:21

Opportunity For Beginning New In Life

by katie George It is not surprising that more and more people are making payment faults as they continue to spend beyond their earnings ... up to 15 years. Take out your credit report and check it for any misrepresentation of the payments ... to financial mess as well. However, bad credit loans can fund their variety of needs [more...]

Date: 2008-12-27 14:27:14

U.S. Banks Refuse to Detail How They’re Spending Federal Bailout Money

After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S ... up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia ... . Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight [more...]

Date: 2009-01-06 15:56:33

Today's Stimulus Hearing

This morning's Republican hearing on the economy offered several alternatives to the Democratic stimulus package that was set forward just afterward ... : A "net new hire" tax credit, which would make it less risky and expensive for businesses to expand ... businesses to make such investments, as they must currently report depreciation losses slowly over [more...]

Date: 2009-01-15 23:53:16

This Isn’t An Aberrant Market, It Is The Market

A report from Crains New York. “Manhattan’s residential real estate market frenzy is fizzling ... number. You’ll get a lot more push back from buyers in those apartments, ‘ Ms. Liebman said.” ... closings were new condominiums, some of which went into contract before turmoil hit the credit markets [more...]

Date: 2008-07-02 14:35:05

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... refinancing would involve taking a new mortgage, mortgage companies require you to present various ... that an applicant wouldn’t just do anything bad to tarnish their perfect credit report. So they approve a no doc [more...]

Date: 2009-01-02 16:59:45

Tribune Company Weighing Bankruptcy

Tribune Company is considering whether to file for bankruptcy, according to several news reports out today ... . has cash and could draw on an existing line of credit with its senior lenders to pay Monday's bill ... how seriously Tribune is considering bankruptcy, according to a cautiously written report in The New [more...]

Date: 2008-12-08 20:57:31

Who’s At Fault for Economic Crisis - Everyone: Tom Friedman

I would encourage everyone to read Thomas Friedman’s column in the New York Times today. Along those same lines check out PBS’ Now and their report on the credit rating agencies ... , with nothing down and nothing to pay for two years; people who had no business pushing such mortgages [more...]

Date: 2008-11-26 14:57:32

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

The Note: Obama Waits on Change for January

ABC News' Rick Klein reports in Friday's Note: Change doesn’t have to wait until January. Sen. Ted Stevens, R-Alaska, is gone. ( ... has chosen not to play in the current crisis: “With the stock market plunging and the credit market entering a new freeze, cries are being heard for a new government intervention to prop up major financial [more...]

Date: 2008-11-21 13:21:47

A Second Day of Job Cuts at Barclays

A Second Day of Job Cuts at Barclays January 14, 2009, 12:14 pm ... an additional 2,100 jobs in its retail, commercial banking and credit card businesses, The New York Times’s Julia Werdigier and Landon Thomas Jr. report from London. The announcement comes a day after [more...]

Date: 2009-01-14 17:14:13

What Got Us Into This Mess

The New York Times reports on California. “Because of plunging home values, ... . Burdened with credit card debt and a house losing value by the day, they are learning the necessity [more...]

Date: 2008-11-11 20:29:37

New Life Church, 2 Years After Haggard; 1 Year After Shootings, is Thriving

It's been a rough couple years for New Life Church in Colorado Springs ... , he was given the status report: $25 million in debt on New Life’s massive building; no available cash, and a line of credit was being utilized to help pay the salaries of the church’s 150 staff [more...]

Date: 2008-12-10 14:41:12

ClassicCloseouts Randomly Charging Up To $70 On Past Customers' Cards [Classic Closeouts]

Bells just wrote in with some alarming news for past customers of ClassicCloseouts.com: It appears that classiccloseouts ... and giving all their past customers a nice new charge on their credit cards. Of course, they don't answer ... . Rip-off Report has a similar story from another customer, this time for $69.99. In that instance [more...]

Date: 2008-07-08 20:22:50

Developments in Iraq

The LAT reports on developments in Iraq: "With violence reduced drastically, new cars have become the latest must-have for those who can afford it, ... credit cards these days." While nobody's reporting that all's well in Iraq, improvements [more...]

Date: 2009-01-16 15:29:20

The Wait Continues

The Eagle Tribune reports from Massachusetts. “The number of new homes being built in Salem has hit a 30-year low ... They’re waiting until the demand for new houses picks up,’ Mackey said.” “The bad economy has put ... and the rest of New England. ‘It’s clear that the market was overbuilt,’ he said. ‘Easy credit [more...]

Date: 2008-11-10 15:25:58

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

Date: 2008-12-30 17:03:00

Excellence WITH Money?!?

(Image Credit: The Carnegie Corporation of New York, 12/16/08)OMG, kids! ... Historiann, and we already have a major victory to report! (To read up on our joint effort to save ... system. Moose nearly spat her coffee across the breakfast nook as she looked at the letter, signed [more...]

Date: 2008-12-17 01:03:00

Practical financial advice for the new year

Despite the fact most Illinoisans attention has been diverted towards the Governor's possible impeachment, ... for rainy days (or recessions). Check your credit status report. Fairly practical, but somehow ... with a dragging economy, possible layoffs, pay cuts, and rough financial times -- cutting into the state's [more...]

Date: 2009-01-02 14:52:48

Kelly McParland: The frightening fortunes of the New York Times

There's an old witticism that goes something like: "A recession is when your neighbour loses his job. A Depression is when you lose yours ... plausible. Earnings reports released by the New York Times Company in October indicate that drastic ... we have had with lenders, we expect that we will be able to manage our debt and credit obligations as they [more...]

Date: 2009-01-14 15:30:00

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

Already Missing Sarah Palin?

Via Politico's Mike Allen, Newsweek has got your post-election Palin withdrawal fix: ... -level staffers to buy some of the clothes on their credit cards. The McCain campaign found ... much more of this sort of finger-pointing. A recent report by the New Yorker said that Bill [more...]

Date: 2008-11-05 16:44:14

New Home Sales Grinding To Halt

As Congress discusses options on how to fix the credit markets in the U.S., new home sales dip to their lowest levels since January of 1991. The latest report from the Commerce Department shows newly built single family homes fell 11.5 percent in August which is also 34.5 percent lower than one year ago. [more...]

Date: 2008-09-27 06:12:27

Being Proactive in 2009: Economic Stimulus For the Mind

Happy New Year! In the financial world, I don’t know anyone who was not eager to kiss 2008 goodbye ... of your records. Get your credit report, make sure it is accurate and dispute any errors. 3. Beware before ... to embrace (or brace for) the impact. 2. Keep an eye on your credit – Good credit = lower costs [more...]

Date: 2009-01-13 03:30:29

How to Read Fashion

I think I've finally figured it out. High-fashion (as in, runway models, couture, fickle designers) is like really, uber-esotaric art ( ... with bonus material: The (Topshop-sponsored) Ultimate Catwalk Report. I was so excited! I eat this stuff ... with a designer coat to give it new life--that's some sharp credit crunch thinking [more...]

Date: 2009-01-15 22:18:00

Obama likely to retool Bush’s faith-based initiative

President-elect Obama has promised to build on the faith-based initiative of President Bush and, by adding key reforms, ... of a Brookings Institution report that recommends “a new path” for the endeavor. Tackling the church-state ... -neighborhood partnership. The broad outreach “is a matter of great credit to Obama ,” says Stanley Carlson [more...]

Date: 2009-01-04 19:25:19

Speculation: New York Times May File for Bankruptcy by... May?!?

—Ace It's more than just idle speculation. The Times is sitting on a lot of debt that comes due in that time-frame, ... assets forever. Earnings reports released by the New York Times Company in October indicate ... we have had with lenders, we expect that we will be able to manage our debt and credit obligations as they mature [more...]

Date: 2009-01-09 19:04:16

CNN Falsely Claims Governor Paterson is Slashing Spending

In an article outlining the ridiculousness of New York State Governor David Paterson's budget proposal tax hikes, ... . To its credit, the CNN report does outline these taxes, and highlights the resistance to such massive taxation [more...]

Date: 2008-12-18 18:51:27

New Year Resolution #1: Financial Fitness in 2009

Worried about the economy? Been hoarding all your pennies lately? You’re not alone ... t it? Free credit report comparing all your debts, rainy day funds, budget tool…yes, we need ... ? If you have credit card debt, ask yourself why. That list on your credit card statement….was each [more...]

Date: 2009-01-07 22:51:21

Happy New Year Facebook - your employees think you’re lying about advertising. And they may have a point

A gremlin inside Facebook - or more likely a disgruntled employee - briefly hacked Facebook in the last few hours ... get you a 2:1″ and Bad credit? Get a credit card with 39.9% APR!’. Classy.” The thing is, social ... and business, then why do I get shown ads for Credit Rating Reports, as I did today? On thing’ [more...]

Date: 2009-01-05 11:59:10

British commercial property prices down 27% in 2008

Last year, the British economy was one of the hardest hit by the now evident commercial property (CRE) implosion. Prices fell 27 ... . The commercial property market has been ravaged by the reduced available of credit and falling demand for new space as the economic downturn leads to businesses collapsing or downsizing. A recent report [more...]

Date: 2009-01-15 21:26:00

What Happens AFTER You Get Your Identity Stolen

Having your identity stolen is far more damaging than just losing money ... . Get a new license. Close bank accounts. Open bank accounts. Contact all credit bureaus to freeze your credit and activate fraud alerts. Contact the FTC and report ID theft. Call here, email here, drive [more...]

Date: 2008-07-29 19:02:03

Not quite Hardball enough

Not quite Hardball enough Posted by: Economist.com l WASHINGTON Categories: ... ," reports the New York Times, "that Mr Matthews was flirting with a Senate run as a way to give ... ), but they can certainly do better than Mr Matthews. (Photo credit: Reuters) [more...]

Date: 2009-01-11 06:10:46

The Administration’s Latest Critic: The Chamber of Commerce

by Jake Bernstein - Aug. 13: This post has been corrected. It's almost rote by this point ... and is designed to help employers confirm the work status of new employees. (Credit: ProPublica) On Aug. 11 ... . The program has been beset by troubles. A June 10 congressional hearing and a report (PDF) by the Government [more...]

Date: 2008-08-13 14:45:00

The Shutter Report: Kam Chueh, HSF, Clinton Papaya

We already had a couple of shutters earlier in the week, but some new reports are streaming in. Know of a place that has met its demise? ... Division Street. Meanwhile a tipster reports that HSF's next door neighbor Kam Chueh, a popular ... credit [more...]

Date: 2008-12-19 18:07:54

Report: Vouchers save taxpayer money

Want to save Florida money at a time when school budgets are being slashed? Offer more vouchers to poor kids. So suggests a new report from the Florida Legislature's well-respected research arm. The Office ... $38.9-million last school year through its corporate tax credit voucher program, which allowed 21,493 low [more...]

Date: 2008-12-16 17:15:23

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

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