Fifth Third Bank Involved in Student Loan Scandal
Fifth Third Bank could potentially lose its right to participate in the Federal Family Education Loan Program, the Department of Education’s program that allows private banks to offer Stafford Loans and PLUS ... Student Loan XPress entered into eligible lender trustee agreements with three lenders: MSA Solution [more...]
Date: 2009-01-08 17:40:15
Blog posts
(237)
|
Videos
(46)
Apply For Personal Loans Online For A Quick Response
The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about high risk loans and personal loans, here’s your opportunity. Banks are the most common choice for people to get loans. This might be convenient for most people, but generally not the best option. Bankruptcy is as much deserving of a personal loan for refinancing, consolidation of debts, mortgaging or any kind of personal loans. [more...]
Date: 2009-09-08 18:13:18
Fannie, Freddie, now FHLBs?
Some other banks are encountering difficulties today -- namely the Federal Home Loan Banks, one of the biggest providers of funding for US mortgages. From Bloomberg: The Federal Home Loan Bank of Seattle said it will suspend dividends and "excess" stock repurchases, becoming the second of the government-chartered lending cooperatives to say [more...]
Date: 2009-01-14 12:35:34
Small Business Administration - Financial Assistance
Our Fast Business Loan, unlike traditional bank loans, has less stringent requirements, faster approval, and no closing cost or fees ... Loans Business Loans Debt Consolidation Services Mortgage Loans Personal Loans Student Loans ... or for investment.Still, some investors in distressed debt, that a sign of a softening economy.That means every [more...]
Date: 2009-01-13 05:40:15
ARM TWISTING NOT UNDERWRITING
I'm not surprised politicians are exasperated with the banks' apparent reluctance to lend money to consumers and businesses at “reasonable” rates ... s announcement of a pale imitation of a Tory scheme for taxpayers to underwrite bank loans to try and increase the amount of lending.Mind you, talk of the government stepping in to underwrite bank loans [more...]
Date: 2009-01-14 22:23:00
News Roundup: LIC Raises its Stake in Over 11 Firms
Govt. Allows 100% FDI for Facsimile Editions of Foreign Newspapers - The government has allowed up to 100% foreign direct investment (FDI) ... 150-200 crore of loan repayments. Besides, the company is also looking to reschedule loans due ... banks to restructure loans taken for commercial real estate without turning them in to non-performing [more...]
Date: 2009-01-15 04:27:53
John Steel Gordon: A Short Banking History of the United States
Here’s an interesting read from this morning’s Wall Street Journal: A Short Banking History of the United States (free) ... and loan associations, mutual savings banks, and trust companies. While these were all banks, taking ... that is now playing out. I’m still a beginning student when it comes to financial history but I find it fascinating [more...]
Date: 2008-10-10 14:43:29
Bank Loan Stats: The Good, The Bad & ........
The Federal Reserve's survey of loan quality for U.S. commercial banks is in. Bottom line, it's still all about residential housing delinquencies and charge-offs, which remain ugly and are killing the banks. Surprisingly to some, credit card delinquencies and losses are holding up reasonably well, [more...]
Date: 2008-11-19 02:12:16
Six Fed Banks Sought Sharp Rate Cut
The size of the Federal Reserve’s interest-rate reduction last month surprised markets ... banks, which make direct loans to commercial banks in their districts, vote periodically on where ... , Minneapolis and San Francisco — voted December 11 to lower the discount rate (for direct Fed lending [more...]
Date: 2009-01-13 11:24:00
Good news for credit card users
Finally, some happy news for credit card holders. Late last week, Bank of America announced it will no longer require customers who sign up for their credit cards, bank accounts and certain loans to give away their right to sue in a dispute. Bank of America’s decision is the biggest yet in a growing movement away from mandatory arbitration clauses, which force consumers who have a problem with a service provider into private arbitration forums to settle disputes. [more...]
Date: 2009-08-17 20:47:35
COMMENTARY -- Why Bail Out Banks If They Can't Lend Money?
By Matt Towery -- OK, let's get this straight. The banks needed a bailout to keep liquidity from freezing up. I got it ... if the government puts too tight a set of restrictions on banks making loans, or if banks choose just to sit on their cash. [more...]
Date: 2009-01-15 13:35:32
Los Angeles Mortgage Rates Report: January 14, 2009
The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... the “flow” of mortgage loans. The big banks, like B of A, Citi, and Wells, loan direct or buy loans ... t have the horses to ride since they laid off so many workers in 2008. 2- Greed: Lenders typically made a loan [more...]
Date: 2009-01-14 06:35:15
Interest Rates Drop Again…
Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]
Date: 2009-01-16 01:53:45
How to Make Online Money without any Investment
I started out my home-based business when I was in college. I do not have money to invest on my business. I was also afraid to loan money from the bank because I had student loan already. So, I decided to make online money without investment, but by hard work. I think I am successful in marketing [more...]
Date: 2009-01-15 23:50:45
Why stop with capping payday loans? Banks are just as bad.
Obviously, banks have better lobbyists than payday lenders, why else can someone who has no problem charging $37 ... than $300, yet, credit card balances can be several thousand dollars. Which is worse, missing a payment on a credit card and having your interest rate go from that low intro rate of 15.9% to 29 [more...]
Date: 2008-06-07 13:02:45
Loan Plans for Small Businesses
The government have revealed plans to guarantee small businesses £20billion of loans. In return for a fee, the state will insure banks against companies defaulting on loan repayments. However there are concerns that £20billion won’t be enough for all businesses to share. Prime Minister Gordon Brown has described the measures as “real help now to deal with specific problems”. [more...]
Date: 2009-09-25 07:30:25
Wall Street Breakfast: Must-Know News
New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including student, auto and credit card loans ... Mac (FRE) and the Federal Home Loan Banks. According to the statement released by the Fed [more...]
Date: 2008-11-26 12:14:47
The Challenge Is Prices Got Stupid
The Daily Astorian reports from Oregon. “An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and ... Joe Schulte, VP of Compass Community Bank in Seaside, said subprime loan programs were available ... as the loan criteria change each day. ‘Loan officers have to be ahead of the curve,’ he said. ‘There’ [more...]
Date: 2008-10-07 17:26:52
Student, Car Debt Quietly Added to Bailout Plan
Jeez! This country very well may be doomed beyond hope! This is not the time to be sneaky, and push even more expenses on the taxpayers ... its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets ... program to foreign banks with extensive loan operations in the United States, potentially added tens [more...]
Date: 2008-09-24 02:08:02
Debt Management Programs– best way to get out of debt.
A debt management program collectively takes all the loans of various amount and interest rates and forms into a new loan which is released to you. After that, only a single installment is required to be paid every month on a fixed rate of interest. This process is known as debt consolidation. Usually, debtors opt for bill consolidation scheme from the fear of bankruptcy. The problem originates with the use of many credit cards or taking multiple loans from various banks for personal or investment purposes. [more...]
Date: 2009-09-08 05:51:11
Paulson's New Program: Giving People Money They Can't Afford To Spend
The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan, and the bank has reposed his credit card. It may ... of auto loans, student loans and credit cards." The head of the Treasury is concerned that people [more...]
Date: 2008-11-25 10:50:07
Increasing Money Supply
Readers Question: I’d like to ask you about routine ways (apart from so called “printing new money”) ... expenses rather than only for the central bank’s loans, new money being issued in that or other way ... of money by Banks - If banks hold a small % of bank deposits as cash, they can lend out more cash [more...]
Date: 2009-01-15 07:31:13
The Money Matrix - How the FED Works (PART 6/15)
A step-by-step explanation of how the Federal Reserve, America’s Central Bank, can manipulate monetary policy ... . This means the banks would loan out $90 and keep $10 as its reserves to satisfy depositors. However ... and will need to close down all redemptions of deposits until it receives cash flow from its loan [more...]
Date: 2008-11-18 02:33:39
Prosecutors Present Evidence of Fraud in Cioffi Case
Ahead of a scheduled trial next month, prosecutors have identified “direct evidence” that they say shows a former Bear Stearns hedge fund manager, Ralph Cioffi, used his investment in a fund he controlled to obtain a $4.2 million line of credit for a Florida real estate project. In a series of filings in Federal District Court in Brooklyn last week, prosecutors said Mr. Cioffi fraudulently pledged assets in the hedge fund he ran as collateral for a real estate loan from Busey Bank. [more...]
Date: 2009-09-28 20:39:53
Another Business Financing Option: Personal Short Term Loan
The best thing happening to entrepreneurs is unlimited options ... term loan You might have heard about payday loan, cash advance and other alternative route ... process, like the traditional bank loans, and do have a lower APR than payday loan, along [more...]
Date: 2008-09-21 16:48:33
Eliminating Debt in 5 Easy Steps
by John Major It is unfortunate that in today’s economy, debt rules all. From the deepest spots of our wallets, we have charged ourselves to the point of no return. The commercials and ads promising a better car, newer home and more of this and that are all based on lines of credit and bank loans. Our children have been raised in this economy where paying for something means a monthly payment and a low or high interest rate; this is why debt elimination is needed. [more...]
Date: 2009-09-24 11:39:25
Gordon Brown: Step-Skipper
For some months now there’s a being a bit of amnesia about how we got to this point in the global banking crisis ... the government took over the banking system, the dodgy loans therein were dumped into a separate ... for bad assets, now they’ve overpaid for equity. Banks still aren’t lending. The queue of banks [more...]
Date: 2009-01-09 03:11:25
Upfront Cash
Do you need an immediate source of cash? Some of us will ask a friend or a family member for a loan instead of getting it from the bank or other financial institutions. For me personally, I'd rather apply a loan online because first and foremost it is so convenient. You can apply and get approved in just a matter of a short time without even leaving the comfort of your home. And the best thing of that is, no one knows about your application. [more...]
Date: 2009-09-28 14:03:00
Sanjay Dutt’s ‘EMI’ role inspired by real loan recovery agent
Sanjay Dutt plays 'Sattarbhai', a bully who collects loan instalments from bank debtors, in his forthcoming film "EMI" ... film's plot about all these debt collectors who have the thankless job of getting bank loans back [more...]
Date: 2008-09-28 05:24:51
Bretton Woods 2, R.I.P.
A wide range of commentators, including your humble blogger, have worried about the clearly untenable system known as global imbalances, ... central bank is not lending to credit card issuers and banks that provide home equity loans. China buys ... eliminate the need to buy Treasuries to keep the currency low, but would also considerably reduce [more...]
Date: 2008-10-22 08:47:01
The Paradox of Parliamentary democracy: a disaster for Conservatism = a boon for the Conservative Party
Private capitalism, as it was conducted for some 300 and more years in Britain, was a system wherein private persons (capitalists) ... classes), and with widespread consensus that the State must be a direct provider of loans and capital ... , alongside share purchasing and the provision of private loans, banking finance came to be an key source [more...]
Date: 2009-01-05 12:41:03
The case for nationalizing Citigroup and Bank of America, and getting Robert Reich a fact checker
A couple of commenters have pointed me to Robert Reich's list of "Criteria for TARP II." Nos. 3-6 seem the most important: 3 ... bank loans. If the banks cannot find suitable lenders, they should return the money. Okay [more...]
Date: 2009-01-15 22:47:10
Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements
Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans ... in draft language that also opened the bailout program to foreign banks with extensive loan operations [more...]
Date: 2008-09-23 06:05:06
Great Importance of Credit Protection for Your Identity
by Jean Nicholson There have been a lot of misconceptions about credit protection which is a grave blunder! Many people believe that this is only for those who have financial problems. In reality, the people who have no financial liabilities are more vulnerable targets of identity theft. A person who does not have any existing record of accountabilities has high credit rating and certainly qualifies for loans or credits. In rare cases, banks do ocular inspections. [more...]
Date: 2009-09-29 20:13:09
Fisc, you are right about
Fisc, you are right about pointing fingers at only one person. As you have noted, a board of directors is supposed to be looking out for ??? ... it is. This can be an exceptional advantage to getting business done but it also goes against the real ... and ultimately the shareholders are responsible. That's like saying that the bank loan officer and the [more...]
Date: 2009-01-15 22:06:17
Fisc, you are right about
Fisc, you are right about pointing fingers at only one person. As you have noted, a board of directors is supposed to be looking out for ??? ... it is. This can be an exceptional advantage to getting business done but it also goes against the real ... and ultimately the shareholders are responsible. That's like saying that the bank loan officer and the [more...]
Date: 2009-01-15 20:06:09
Peter Schiff vs Connie Fogal : Tarvitsemme lisää säästämistä ?
RussiaToday haastattelee.Peter Schiff oli yksi Ron Paul-kampanjan taloudellisista neuvonantajista - ja ilmeisesti Itävaltalaiskoulun yli-innokas ... (credit supply) of 800 billion dollars. Therefore, the debt owing is three times larger than the amount ... billion) is credit created by the major chartered banks as loans (mortgages, credit card loans [more...]
Date: 2009-01-13 13:04:00
Oh My
-by the Mysterious Flying Miser From Bloomberg : “BlackRock Inc. Chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the recovery of the mortgage market while benefiting banks that own second loans on the properties. ‘I am just very worried,’ Fink said yesterday in an interview in New York. [more...]
Date: 2009-09-21 16:56:29
Economic Potpourri December 30, 2008
The barrage of noteworthy economic news continues as we head into the new year. Here are a few headline news reports of interest from the past couple days.Japan mulls scheme 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 [more...]
Date: 2008-12-31 02:58:00
Appraisals
Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay ... that a bank loan is involved — the lender’s appraisal. To protect the interest of their investors, the buyer’s mortgage lender hires a licensed appraiser to give an independent, objective opinion [more...]
Date: 2009-01-16 01:05:51
Credit Exchange
My husband and I have been flipping homes for quite awhile now and loved what we were doing ... ’t sell, we were slowly falling into debt that was hard on both of us. We called the banks, credit ... consolidation loans for our bills. After doing a little research, this would have been great [more...]
Date: 2009-01-08 15:32:02
Bailout must be stopped
The trillion-dollar bailout of financial corporations and institutions must be stopped for a variety of reasons, ... snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car ... included in draft language that also opened the bailout program to foreign banks with extensive loan [more...]
Date: 2008-09-24 11:28:20
2008 Lookback: Best Calls of the Year
In a year when major stock indexes, real estate, hedge funds, oil, grains, emerging markets, dollar/yen, long/short hedging strategies (thanks to the short-selling ban), high-yield bonds, bank loans, diversification, and the Super Bowl ... who can lay claim to the title of Dr. Doom — those who were bearish in time to save their clients a lot [more...]
Date: 2008-12-23 11:33:00
speaking of...
Speaking of cash advance and payday loans. A friend has asked me if I could help her research over the net the best payday loan site that would suit ... to do is fill out their forms and wait for the approval. Loan amounts vary from $100-$2500 and if approved, it will be deposited straight to your bank account. This type of loan aims to assist people [more...]
Date: 2008-10-28 04:43:01
How to Avoid Unfair Collection Practices
Due to the global financial crisis, the number of debt collection agencies in the market is increasing. They are established to offer services of collecting debts on behalf of banks, financial institutions, credit card companies and loan providers. For people who are drowned in debt, it is indeed stressful to receive irritating phone calls from debt collection agents constantly. Hence, it is important to know some useful information so that you are able to avoid the unfair collection practices. [more...]
Date: 2009-09-20 06:02:50
Wednesday Options Update: WFC, HBC, MON, FDO
Wells Fargo & Co. (WFC) – Banking stocks took a punch in the gut when Oppenheimer’s rather accurate banking analyst forecast further loan loss ... . Included in the dispatch was Wells Fargo, but as if that wasn’t enough, ratings agency Moody’s cut its senior debt rating based on indigestion of Fargo’s acquisition of Wachovia last year, which might [more...]
Date: 2009-01-07 17:59:15
Bill consolidation: A solution for your loan modification
In order to survive for your life and business, no matter you are part of low or high socioeconomic rank, ... debt, bill of your credit card, your house installment, Bank Loan and others. Finally, you cannot ... such problems, you should have a best debt settlement. Do not be panic. There must be an appropriate [more...]
Date: 2009-01-09 12:31:47
Wednesday Options Update: WFC, HBC, MON, FDO, LAMR
Wells Fargo & Co. (WFC) – Banking stocks took a punch in the gut when Oppenheimer’s rather accurate banking analyst forecast further loan loss ... . Included in the dispatch was Wells Fargo, but as if that wasn’t enough, ratings agency Moody’s cut its senior debt rating based on indigestion of Fargo’s acquisition of Wachovia last year, which might [more...]
Date: 2009-01-07 18:41:15
Making Money From Foreclosures
My neighbors, clients and friends have been good about sharing some of their mail with me when they have a question about it ... mortgage payment and a fee of $200 dollars to renegotiate home mortgage loans with banks. He said ... with the person who answered the phone. When he asked if I was late on my mortgage payments I said [more...]
Date: 2009-01-14 21:06:05
Corporate banking - a new phenomenon of new socio economic global order
Corporate banking consists of simple business of issuing loans to more complex matters, such as helping minimize taxes paid by overseas subsidiaries, managing changes in foreign exchange rates, or working out the details of financing packages necessary for the construction of a new office, plant or other facility. In many cases, there is an overlap between corporate banking and capital markets. [more...]
Date: 2009-09-29 12:19:39
1 -
50
of
237
Posts
Page:
First
| <
Preceding
|
Next
>
0
|
1
|
2
