Small business loan support scheme unveiled by Mandelson

The government today unveiled a scheme to secure some £20 billion of short term lending to support ... to convert debt into equity. Phil Orford, chief executive of the Forum of Private Business, expressed [more...]

Date: 2009-01-14 17:29:05

Blog posts (216) | Videos (172)
 

Hullabaloo (2009-09-28 19:00)

Fed Up by dday Alan Greenspan had an interesting change of heart today. He endorsed the Consumer Financial Protection Agency as an overseer of banks and lenders. For Alan Greenspan, lapdog to Ayn Rand, perhaps the only person in America not to recognize the possibility of human greed in the financial markets, to come out for a federal body overseeing the Masters of the Universe, the same kind of consumer protections he opposed while chairing the Fed, is quite a turnaround indeed. [more...]

Date: 2009-09-29 02:00:00

GM Saturn sale near close; Opel not so much

General Motors Co. appears to be moving toward completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty. Entrepreneur Roger Penske's auto dealer company should formally close on its deal for GM's Saturn brand on Wednesday , according to the Detroit Free Press, meeting the target date set by the companies when they announced the tentative deal back in June. [more...]

Date: 2009-09-29 18:21:12

Cheap Home Improvement loan? Loans at low rate of improvement in house prices

When your house is now in need of some repair requires a building or other works seem to some modern improvements, we are certainly looking for a suitable loan. Cheap Home Improvement Loan is to provide a loan at low interest rate so that it works to improve, we can not stop feeling the burden of repayment meaning. With economic improvement loans home repair work can only be so necessary, but also enlarge some rooms, update your kitchen with the latest design, you increase your home or garden and so on. [more...]

Date: 2009-09-29 07:39:12

FDIC Faces $10 Billion Blast on IndyMac Loans

The Federal Deposit Insurance Corp. – while supposedly rid of IndyMac Bank via a sale agreement with a consortium of private-equity investors last week — may face $10 billion in previously-unknown [more...]

Date: 2009-01-12 12:51:30

Learn About Interest Rate Only Loans Before You Borrow

by Dominic K. Kimbell Most mortgage payments are split into two when they reach the bank; a small part reduces the equity, and the balance pays the interest. That?s the way a normal mortgage works. A new type of loan has been designed to permit the monthly mortgage payment to be as low as can be, by requiring only the payment of interest. This means that if you choose an interest only option, each month you pay your loan, the loan balance stays just the same; it never gets lower. [more...]

Date: 2009-09-28 21:56:08

Risks associated with the use of home equity loans for other purposes

This is a normal practice for applying for loans secured home improvement, and with the money for their own purposes. If undetected, this is a cheap source of financing. However, depending on the loan, can cause a number of issues that may also cause the Court. Although one might think that "it's only fraud if you get caught," the risk of a breach of the rules by Home Improvement Loan Borrowers contractually implied by changes in the end, initially to deter money. [more...]

Date: 2009-09-29 19:42:07

John Paulson Playing Matchmaker For IndyMac And CIT

Hedge fund manager John Paulson could be mulling the merger of banks CIT and IndyMac. It's one potential solution for the two troubled institutions which Mr. Paulson has substantial debt and equity stakes in. New York Post: A marriage between the two banks would help IndyMac with its plans to diversify away from mortgages to commercial loans as CIT Group is one of the nation's biggest lenders to small and midsize businesses. It could also help expand CIT's deposits. [more...]

Date: 2009-09-29 12:20:17

How To Spot And Avoid Equity Scams

Most lenders on the equity loan marketplace are legitimate lenders; however, a few lenders are taking the less fortunate for a ride. These unscrupulus lenders offer appealing loans, yet fail to tell the borrower about hidden charges or “balloon” charges. Hidden charges are often stripped from loans, since the APR is a supposed security to borrower that weeds out hidden fees. “Equity Stripping” is one of the leading scams on the loan marketplace. [more...]

Date: 2009-09-29 05:41:06

Learn About Interest Rate Only Loans Before You Borrow

September 29, 2009 | By Dominic K. Kimbell In Finance | by Dominic K. KimbellWhen you pay your monthly home loan payment, you may have noticed that a part of it (however small) reduces the mortgage and the rest of it pays the interest. This was how all mortgages were until recently. Banks have now come up with a new type of loan called interest only.Basically the borrower can pay what he wants, provided he covers the minimum of the interest payment. [more...]

Date: 2009-09-29 17:13:13

War Made Easy_Brainwashing…Why a Global Economic Deluge Looms June 2006!!

  War Made Easy… http://www.warmadeeasythemovie.org/ War Made Easy  Reaches into the Orwellian memory hole to expose a 50-year pattern of government deception and media spin that has dragged the United States into one war after another from Vietnam to Iraq. Narrated by actor and activist Sean Penn, the film exhumes remarkable archival footage of official distortion and exaggeration from LBJ to George W. [more...]

Date: 2009-09-29 14:26:05

Will Your Credit Score Be Ruined By Credit Card Debt Consolidation Negotiators?

Amazon.de Widgets Credit card debt negotiators claim that they can help you pay less than you owe. Read the truth about credit debt negotiation scams. Protect your credit history.There are different reasons why people fall into debt. All of a sudden you may realize that you just can not make your regular payments. All of your bills and credit card statements drive you to the point of insanity and it seems that you will be unable to get out of this pit without help. [more...]

Date: 2009-09-29 11:50:50

CD Rates in MD with First Shore Federal

First Shore Federal Savings and Loan is a Maryland based bank.  The bank was founded in 1953.  First Shore Federal’s main office is located in Salisbury, Maryland with six additional bank branches in Maryland as well as one additional bank branch in Delaware. First Shore Federal offers personal and commercial banking services.  The banking services include basic checking that is designed for consumers that want a low cost and low balance account, NOW checking accounts that are interest bearing [more...]

Date: 2009-09-29 05:35:34

Exploring Your Mortgage Loan Options

Exploring Your Mortgage Loan Options by Crystal GuthrieIf you are planning to take out a loan in order to purchase a home, you may think there is only one type of mortgage available. Generally one does not hear people discussing about taking out a specific type of mortgage. Although the majority of buyers do take out what is referred to as a fixed rate mortgage, the reality is that there are several different types of mortgages available. [more...]

Date: 2009-09-29 10:47:38

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... down. Only about a third of U.S. mortgage debt outstanding is likely to qualify for refinancing ... or Freddie Mac in the highest-cost areas. “The refinance boom is mostly impacting the people who need help [more...]

Date: 2009-01-16 00:46:03

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

FHA chatter; News from MERS, Wells, Flagstar; Home price index not as bad as feared

  As my grandfather used to say, “If you find yourself in a hole, the first thing to do is stop digging.”* Apparently the folks at Sunwest Bank , out of Tustin, CA, felt the same way. Clients received a letter saying, “I regret to inform you that as of October 2, 2009, Sunwest Bank will be suspending its mortgage banking operations. [more...]

Date: 2009-09-29 19:04:07

Reduce Your Interest Rate With A Credit Card Debt Consolidation Loan

Amazon.de Widgets Credit Card Debt Consolidation Loans are the perfect solution to manage credit card debts properly. These loans will not only provide a manageable single loan but will reduce greatly the amount you repay each month because of the lower interest rates often applied to loans.It is without a shadow of a doubt that most people would like to reduce their debt burden to as small an amount as possible. [more...]

Date: 2009-09-29 11:54:49

Learn About Interest Rate Only Mortgages Before You Borrow

by Dominic K. Kimbell In the traditional mortgage mortgage market, you pay a part of your loan, and the monthly interest with each monthly mortgage payment you make. At least, that?s how it used to work. But there exist now new types of mortgages that only pay the interest. The home owner can decide how much to pay each month, as long as he pays an amount that will satisfy the interest, and does not change the loan balance. [more...]

Date: 2009-09-29 17:15:43

Re-coupled Vengence: From Downturn to Implosion Risks ?

We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]

Date: 2009-01-15 21:20:15

No Fee Balance Transfer Offers Rise Again

Research has showed that credit card providers are waiving balance transfer fees but charging higher interest rates . According to financial website MoneyExpert.com , the number of credit card providers that are offering credit card holders the chance to transfer outstanding debt from another card without having to pay a fee to do so has risen by nearly 20pc to 69 during the past year. [more...]

Date: 2009-09-29 15:20:06

First-time buyers squeezed as mortgage approvals hit new low

The average deposit put down by first-time buyers in November climbed to its highest level since records began, figures showed today, ... of the credit crunch. The 100% loans that were available to borrowers at the beginning of last year ... % to put down and targeting their best deals at those with more than 40% equity. The difficulty [more...]

Date: 2009-01-15 10:20:15

Grim picture for retail, housing and industry as recession takes hold

Britain's descent into full-blown recession was highlighted yesterday after the loss of more than 3,300 jobs across the economy was followed by three grim surveys chronicling savage retrenchment in housing, retailing, manufacturing and services. Amid fears that 2009 could see the biggest fall in output in any year since the war, [more...]

Date: 2009-01-13 00:08:27

Note to Obama, Congress on green stimulus, part 1

By Joseph Romm The green stimulus is beginning to take shape with mostly good stuff in the stocking, except one big lump of coal. The package is getting bigger -- no surprise. The Washington Post writes: Congressional leaders and Obama advisers are looking at including as much as $25 billion of energy tax credits in the economic stimulus package [more...]

Date: 2009-01-14 08:28:08

Free lunch? - What does UK government funding mean to startups?

This is a guest post by Nick Halstead, CEO and founder of fav.or.it As I am in the midst of raising another round of funding for fav.or ... your Intellectual Property. The problem though is that since the beginning of the credit crunch the Banks ... up to £1.3bn of new lending by banks.’ However, there is one BIG problem, the banks still do not want [more...]

Date: 2009-01-15 09:25:59

Refinancing vs Line of Credit

Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit. But in other situations it’s better to get a cash back refinance mortgage loan. You can find out which loan is best for your situation by doing some simple math [more...]

Date: 2009-01-09 03:29:21

Citigroup Pieces For Sale, Starting With Smith Barney

Citigroup is likely to be broken up. The New York Times highlights the story in Rubin Leaving Citigroup; Smith Barney for Sale.Citigroup signaled a breakup of its unwieldy financial supermarket model with a possible deal to sell a share of its prized retail brokerage business to Morgan Stanley, said several people with knowledge of the discussions, [more...]

Date: 2009-01-10 09:22:00

January Effect for Credit But Not Equities

Good Evening: 2009 has put seven trading days into the books, and it already bears a passing resemblance to the opening days of 2008. Falling stock prices, rising bond prices, a strong yen, and slumping commodities represent moves that could have been plucked from the headlines during January (or almost any month) [more...]

Date: 2009-01-13 03:49:07

Asset and Income Rentals - Borrowing Trouble at Usurous Rates

This was originally published in 2005, but is one facet of the meltdown that is still going on, unfortunately ... it up over a period of time, or they want to know where and how you got it. Most loans should not require a large amount of assets - A paper loans, the best loans of all, want one to two months Principal [more...]

Date: 2009-01-15 14:46:07

One in 54 Homes Entered Foreclosure in 2008

One in 54 Homes Entered Foreclosure in 2008 Some interesting new statistics were published this morning regarding the state of the housing market ... stated-income loans. "Clearly the foreclosure programs implemented to date have not had any real ... in a statement. Like the troubled loans they are meant to fix, modification plans can include complex [more...]

Date: 2009-01-15 22:44:59

20 Questions for the Secretary-Designate

In preparation for Secretary of Education-Designate Arne Duncan's confirmation hearing in the Senate tomorrow, ... to improve student achievement and narrow achievement gaps? How should the federal government be involved ... use of static test scores or do you favor a model that compares individual student growth from year [more...]

Date: 2009-01-12 18:37:34

Decide On Sound Audio Book Downloads

To download audio books offers many benefits to book lovers, not the least of which is that it is extremely simple. Obtain one today and you won’t be disappointed. This is recognized as an up and coming technology whose day has come. People who haven’t experienced audio books online may want to shift their outlook and consider it [more...]

Date: 2009-01-15 14:22:11

Weighted Average Cost of Capital Doesn't Include Everything

Or: Figures don't lie, but Liars Sure do Figure! We've got a lot of people with loans in the low fives, interest rate wise, ... : $350,000 first at 5.25% $100,000 second at 8.5% $50,000 consumer debt at 12% This person then used ... that there's enough equity in the property to absorb the full amount of excess debt without PMI. Robert [more...]

Date: 2009-01-11 17:50:23

Ask the M-Network: What to do if you’re deep in debt

Last week the M-Network rolled out a new feature:  Ask the M-Network.  This week, we’re going to answer a question about debt from one of my readers ... to know if this is credit card debt or some other debt - there is a big difference. If credit card debt, then you might want to think about going to a consolidation company who can work on your behalf [more...]

Date: 2009-01-14 12:00:07

Mortgage-backed insecurities

If you don’t have enough down payment money to qualify for a traditional mortgage, the government forces you to buy mortgage insurance ... with little (or nothing) down, you may soon be in negative equity. This is the case with about ten ... can only lend 80% of the value of a home without it, you can imagine how many loans fell [more...]

Date: 2009-01-15 02:31:53

Analysts Agree: NovaGold Must Raise Equity or Sell Assets

With the suspension of the Rock Creek mine and a dwindling cash position, analysts are increasingly worried about NovaGold Resources Inc.'s (NG) financial outlook. The company has a $20-million bridge loan payment due on Dec. 29th. In order to cover all of its debt repayment, working capital and exploration expenses, RBC Capital Markets [more...]

Date: 2008-11-25 20:06:15

UAE banks assigned negative outlook

Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . However, the credit rating agency added that UAE banks generally enjoy strong economic fundamentals, were ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets [more...]

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

Swindlers Find Growing Market in Foreclosures

January 15, 2009Swindlers Find Growing Market in ForeclosuresBy JOHN LELANDAs home values across the country continue to plummet, ... desperate to avoid foreclosure.Until recently, defrauders tried to bilk homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting themselves as “foreclosure [more...]

Date: 2009-01-15 16:57:51

FHA Mortgage Insurance Fund Down 40%

Mortgage Law Central reports today on FHA’s Oversight Capability.  The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]

Date: 2009-01-14 22:30:06

Become Familiar with Mortgage Refinance

by Madeline Hernandez Below I have mentioned some terms you may want to become familiar with to help increase your knowledge and help you become ... and Commercial Loans and Mortgage Refinance options, ARMS, Balloons etc. I was just getting started ... , the difference between Conduit and Mezzanine Loans, and so on. Most importantly, you had to find [more...]

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

Brown's hi-tech gamble on a new "Labour 3i"

All the headlines are focusing on the business loans guarantee scheme, ... . "We will buy shares in hi-tech companies that have a viable future sot hat they can transfer debt into equity ... it grow, I would like to see it extended. Not because I believe debt or credit are wrong, of course [more...]

Date: 2009-01-14 14:05:43

Select the Best Refinance Lender to Save Money

Replacing, refunding or repaying any new equity or debt or a combination of both is referred to as refinancing ... things that you must know while you approach best refinance lenders are: 1. Objective for mortgage refinance - Consolidation of bills or debts, to pay off your mortgage loan faster, lowering the hoemploy [more...]

Date: 2009-01-02 06:03:30

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

Malaysia will go into a technical recession

KUALA LUMPUR, Jan 13 — Citigroup Global Market forecast that Malaysia will go into a technical recession likely in fourth quarter of 2008 and first ... the period from January to June this year based on the equity of the financial system which exceeds 13 per cent, total liquidity which is in billions of ringgit and the low non-performing loan (NPL) [more...]

Date: 2009-01-08 04:06:32

Detroit Auto Show: Sen. Corker visits the Big Three

The final press day at the North American International Auto Show is usually a quiet one, ... of its receiving authorization for $9.7 billion in federal loans. After that, GM's head of design, Ed ... that, in fact, Congress never passed legislation on loans and the White House was forced to act). "I wish [more...]

Date: 2009-01-13 22:48:44

Economics 101

by Alan R. Bechtold A lot of people seem to believe a “hands-off” approach is best when it comes to government and  business. I must enthusiastically disagree. I run a business and routinely earn a solid income with that business that consistently places me in the top 1-5% of the U.S. per capita average income [more...]

Date: 2009-01-15 22:41:55

Gala Group Closes Another Bingo Club

The Gala Group , which is overburdened with debts much to the chagrin of its lenders and supporters, has shut down yet another bingo hall, the ninth bingo hall to be closed down by the company this year. In all, the debt-ridden company has shut down 9 bingo clubs across the UK. The recently closed online bingo club is in Dudley of West Midlands. Gala Group is the owner of a chain of casinos called Gala and a chain of betting shops called Coral. [more...]

Date: 2009-09-28 23:53:26

Be Careful of Foreclosure Rescue Companies

There will always be people who want to separate you from your money ... t equity any longer, they charge up front fees.  Be very careful before you hire anyone to help ... homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting [more...]

Date: 2009-01-15 17:07:02

DUF, EVR, GHL, LAZ, SNV, SQNM, PSDV, LAMR Popular Stocks

U.S. stocks traded mixed Tuesday, with the Dow Jones Industrial Average down 22 points to 9768, the Nasdaq Composite sliding 3 points to 2127 but the S&P 500 rose bellow one point to 1063.M&A activity has troughed, Collins Stewart said it started coverage of investment banks Duff & Phelps Corp. (NYSE:DUF, $19.26, -$0.29, -1.48%), Evercore Partners Inc. (NYSE:EVR, $29.60, -$0.29, -0.98%) and Greenhill & Co. (NYSE:GHL, $92.41, +$4.00, 4.52%) at hold and Lazard Ltd. (NYSE:LAZ, $42.32, +$2.37, 5.93%) at buy. [more...]

Date: 2009-09-29 19:06:22

Hoarders and Destroyers

Just when you thought it was all baked into the cake...whammo! Another pie to the face. Get ready for more pies. In fact, you could take your pick of pies this morning. The most painful pie was yesterday's 4.3% decline on the All Ords. It was the worst day of the year for Australian stocks. Unemployment called in at 4 [more...]

Date: 2009-01-16 03:04:54

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