Bernanke Acts While Paulson Dithers

bernpaul1.jpg Today, in yet another transformation of the ever-changing Troubled Assets Relief Program (TARP) ... to creditworthy consumers,” by extending relief to holders of “auto loans, student loans, credit card loans ... to a plan being implemented by the New York Fed that is aimed at easing the current credit crunch. The NY [more...]

Date: 2008-11-25 19:26:04

Blog posts (20) | Videos (26)
 

Charge it

BACK in October, my colleague in Los Angeles wrote, apropos of the government's puchase of a stake in Capital One: ... -Backed Securities Loan Facility, which will lend as much as $200 billion against new or recent vintage asset backed securities collateralized by "student loans, auto loans, credit card loans [more...]

Date: 2008-12-01 20:46:10

Why Does Paulson Want Us to Keep Piling up Debt?

Bailout Nation turns to consumers today, as Treasury Secretary Henry Paulson prepares to announce a new program to encourage lending for auto loans, ... to complain when consumers finally get their turn. I know we need to get credit moving to help the economy ... the last decade piling up debt, taking out equity from their homes to spend [more...]

Date: 2008-11-25 14:40:19

Benefits of Acquiring Bad Credit Auto Loans through Sub-prime Car Lenders

Amazon.de Widgets The world economic recession has created a different set of dynamics before the lenders and primers. With pink slips and instability in the job market borrowers are finding it hard to maintain regularity in repayment. Unavailability of unsecured loans has also added to their worries. This is no less a turbulent time for lenders too. With increased number of bad credit borrowers they are forced to relax their good credit score while approving new loan plans. [more...]

Date: 2009-09-29 07:45:12

Benefits of Acquiring Bad Credit Auto Loans through Sub-prime Car Lenders

Amazon.de Widgets The world economic recession has created a different set of dynamics before the lenders and primers. With pink slips and instability in the job market borrowers are finding it hard to maintain regularity in repayment. Unavailability of unsecured loans has also added to their worries. This is no less a turbulent time for lenders too. With increased number of bad credit borrowers they are forced to relax their good credit score while approving new loan plans. [more...]

Date: 2009-09-29 07:45:12

The Best Auto Loan Services

Buying a car is a big responsibility. It just means one thing – another bill added to your budget ... auto loan companies will play with your needs and your emotions. You will end up paying ... upfront. No hidden costs, no application fees. They have the best rate on new and used cars. The loan [more...]

Date: 2008-07-16 17:54:24

The first step toward recovery

By Kate Sheppard Barack Obama. Photo: David Katz/Obama for America On Thursday, ... and an extension of the production tax credit for renewable energy. The draft includes $50 billion in loan guarantees to help the auto industry "retool, develop new battery technologies, and produce the next [more...]

Date: 2009-01-10 12:44:19

Fear is back on Wall Street

NEW YORK (Fortune) -- Fears about the health of big financial firms and the overall economy have roared back into play, ... by souring mortgages and trading losses - will be eroded by rising defaults on credit cards, auto loans ... billion in federal aid and loan guarantees in recent months. Citi said Tuesday it would spin off 51 [more...]

Date: 2009-01-15 01:40:18

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

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

Back to the Future

My understanding is that auto loans were once a major product for credit unions, until the automakers muscled them out with their own financing arms. NEW YORK (AP) -- Automakers General Motors Corp. and Chrysler LLC, along with a group of credit unions, said Wednesday that they are expanding to all 50 states programs that offer low-cost loans [more...]

Date: 2009-01-08 00:02:00

Cash for clunkers worked like this — (Sticker MSRP + markup + options + fees + taxes - $4,500 = Price you paid).

Financing 100% of the price of a car at anything other than 0% means you are under water after the first year. Most people put nothing down when buying a car — just ’sign and drive’ for whatever you can qualify for and believe the dealer has your interest at heart like with real estate agents. The average new car depreciates 10%- 20% in first year. A 60 month car loan won’t exactly ‘build equity’. Being in the Auto Industry, I can tell you we are having the worst September in our history. [more...]

Date: 2009-09-29 15:46:41

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 ... , shares of GM were up by nearly 8% and rival Ford Motor Co. gained 5.9%, while stock futures rose ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two [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 ... , shares of GM were up by nearly 8% and rival Ford Motor Co. gained 5.9%, while stock futures rose ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two [more...]

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

Gap Insurance and Upside Down Auto Loan

I was introduced to Gap Insurance when I bought my new Honda Element in December 2005 ... policy, the insurance company will pay for the repair cost or the fair market value of the vehicle [more...]

Date: 2008-08-21 13:00:58

GMAC gets help from $21.2B debt swap

By David Goldman CNNMoney.com staff writer NEW YORK (CNNMoney.com) ... would help it become better capitalized and viable for the future. The company, which provides loans to auto dealers and customers, said holders of $21.2 billion of its debt have agreed to a plan [more...]

Date: 2008-12-31 15:30:07

Nucleus Software Wins New Client in UAE National Bank of Umm Al Qaiwain Chooses FinnOneTM

/India PRwire/ - Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: NSEL) ... auto, personal & home loans. FinnOneTM, an internationally proven product solution, will provide the Bank with a comprehensive, powerful, and flexible system to support their loan origination [more...]

Date: 2009-01-05 07:45:38

Laid off? Hyundai will take your car back

By Peter Valdes-Dapena CNNMoney.com senior writer NEW YORK (CNNMoney.com) ... , we are looking for ways to reassure shoppers that Hyundai still represents the best value in the auto ... a claim, and any remaining balance on the loan up to a maximum of $7,500. “If you find that you cannot [more...]

Date: 2009-01-05 18:47:37

Do you want to purchase a new flat screen and postulate 10000 dollar

A moneylender in East Providence Rhode Island or so can have a total different actual rate for a 5000 dollar money loan then a merchant bank in ... nooit zo eenvoudig geweest. Haal snel een andere auto met bkr toetsing zonder lenen, 232653 euro ... that offers you a credit loan. That’s the reason why now you need to investigate and experience [more...]

Date: 2009-01-15 21:18:31

Ad Watch - Hyundai Return Policy

The other night as we were watching the season premiere of 24, a startling commercial appeared ... you to walk away from your loan or lease without having to worry about negative equity. It lets you return ... at an auto factory, and he gets a chance to stay home with the kids and gain a new appreciation [more...]

Date: 2009-01-15 00:26:46

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