Republicans Sweep Constitutional Officer Elections

After losing the fight for Speaker of the state House of Representatives, Republicans bounced back, ... track of loan documents, company trademarks, charitable [more...]

Date: 2009-01-15 21:35:23

Blog posts (154) | Videos (180)
 

Foreclosures Increased 81% in 2008

Foreclosures Increased 81% in 2008 By Catherine Rampell That’s according to RealtyTrac’s 2008 U.S. Foreclosure Market Report ... executive officer of RealtyTrac, in a press release. “The big jump in December foreclosure activity ... from some of the major lenders and loan servicers aimed at delaying foreclosure actions against [more...]

Date: 2009-01-15 20:26:51

Foreclosures Up 81% in 2008

Will we ever get any good economic news?RealtyTrac, an online marketplace for foreclosure properties, found that a total of 3 ... , chief executive officer of RealtyTrac, in a press release. "The big jump in December foreclosure ... with programs from some of the major lenders and loan servicers aimed at delaying foreclosure actions [more...]

Date: 2009-01-16 00:56:39

Small business loans for women entrepreneurs

Women mostly have a notice which appropriation small commercial operation loans is a painful, difficult and extensive process. However, a law is utterly a contrary. A commercial operation woman will have to outlay more or reduction a same time and efforts as a office worker to get a loan.Loans have been accessible for women entrepreneurs in a accumulation of fields such as catering, consulting, beauty care, bed & breakfasts, print studios, house pet supplies, nod cards, etc.Things to Keep In Mind [more...]

Date: 2009-09-19 20:53:36

Democratic Rep. Won't Subpoena BofA Over Records That Could Damage Him

California Republican Representative Darrell Issa is another public figure hot on Bank of America's tail. And this time it doesn't have anything to do with the Merrill acquisition, which is what most folks are concerned with. His concern is Countrywide's old and controversial "VIP" program, which channeled sweetheart loans to influential figures.  Issa is looking to subpoena the bank to see if there are recordings between Countrywide and some of the politicians who may have received the mortgages. [more...]

Date: 2009-09-28 09:48:00

Reasons People Badly Need Credit Protection

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. Whatever is the result, initial ranking shall be imposed. [more...]

Date: 2009-09-28 17:49:09

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

The 7 new rules of financial security

In a world turned upside down, you must re-examine some basic assumptions. A good place to start: understanding the true nature of risk.John Maynard Keynes, the Depression-era economist who’s having quite the comeback, once quipped when he was accused of inconsistency: “When the facts change, I change my mind. What do you do, sir?”Money has long advocated the benefits of consistency in your investing and financial planning. [more...]

Date: 2009-09-29 10:57:27

Can Irrationality Be Rational?

There is an interesting (albeit flawed) analysis in this month’s New Yorker by John Cassidy: Rational Irrationality . The subject is “ the real reason that capitalism is so crash-prone .” The author’s main point seems to be its rational to pursue profits even in an irrational manner when everyone else is profiting from it. Indeed, to miss out on gains — even ruinous ones that force your firm into bankruptcy — is irrational. [more...]

Date: 2009-09-28 14:30:34

Fears have been raised over the future of Aston Martin

Aston Martin’s future is blurry after it had been reported that Kuwait’s Investment Dar, which owns half the company, confirmed that it had problems refinancing its debt. Affected by the economic downturn, Investment Dar said that it has signed an agreement with investors and creditors to freeze claims, allowing it to have more time for restructuring.In 2007, a consortium led by Dave Richards bought Aston Martin from Ford for £480 million to get the majority stake. [more...]

Date: 2009-09-29 16:39:02

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

The $800 Million Bottled-Water Bank Fraud

For a small, bankrupt drink-maker, Le-Nature has created quite a mess. Lenders and investors, including Wells Fargo (WFC) and BlackRock (BLK), were defrauded of some $806 million between 2000 and 2006, when the company filed for bankruptcy, according to a lawsuit unsealed today. Bloomberg : Ex-Le-Nature’s Inc. Chief Executive Officer Gregory Podlucky was indicted on charges he and other officers at the defunct beverage maker duped creditors of more than $800 million. [more...]

Date: 2009-09-29 16:23:00

Voice of Experience: Cynthia Steer, Chief Research Strategist and the Head of Beta Research Group, Rogerscasey

By Pamela Weinsaft (New York City) A former competitive figure skater, swimmer, and track and field star, Cynthia Steer knows about self-discipline and drive. She relies on those traits daily as the Chief Research Strategist and the head of Beta Research Group at global investment solutions firm Rogerscasey . “I was an athlete at a time when women were not normally athletes,” she explained. She forced the integration of her high school track team and held her own as the only girl on the team. [more...]

Date: 2009-09-28 17:00:57

Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. [more...]

Date: 2009-09-28 06:17:36

How Ghana Did It - George B.N. Ayittey, Ph.D.

September 28th, 2009 PrintEmail Goto commentsLeave a comment When President Obama visited Ghana in July 2009, he said the choice was based on Ghana’s record on good governance. The irony was that the NDC government, which just took office just January 2009, obviously could lay claim to that model of distinction. More importantly, those familiar with Ghanaian history in the late 1980s and 1990s would recall that the P/NDC regime was most ferociously resistant to change. [more...]

Date: 2009-09-28 22:10:36

Know the Basics of Buying a Home

When it feels about time to stop renting and time to purchase a home there are a few basic things that you should understand. Here are the steps you will need to take in order to make purchasing a home more than just a dream. First, get a copy of your credit report and clean up your credit record as much as possible. This will help you when it is time to get a loan from the bank. Second, go to your bank. Talk to a loan officer and tell them you want to buy a house. [more...]

Date: 2009-09-29 19:52:42

Bank Of America Cuts Its Acorn Funding

From the Wall Street Journal : Bank Pulls Back From Acorn Work SEPTEMBER 28, 2009 By JAMES R. HAGERTY Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, Bank of America Corp . In response to questions from The Wall Street Journal, a spokesman for the banking company said it has "suspended current commitments" to Acorn Housing, an affiliated group, and "will not enter into any [more...]

Date: 2009-09-28 04:03:59

By Saying Yes, WaMu Built Empire on Shaky Loans

As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of college presidents, and schoolteachers with incomes rivaling stockbrokers’. He rarely questioned them. A real estate frenzy was under way and WaMu, as his bank was known, was all about saying yes. [more...]

Date: 2008-12-28 04:44:56

Investment Dar’s financial concerns create fear over Aston Martin’s future

Kuwaiti Investment Dar has admitted to problems with refinancing its debt, creating fears about Aston Martin’s future. According to AutoCar , Investment Dar has been hit hard by the global economic downturn and says that it has signed an agreement with investors and creditors to freeze claims, allowing it more time to restructure. Investment Dar purchased a 51 percent stake in 2007 in a consortium led by Dave Richards. [more...]

Date: 2009-09-28 23:55:17

Recent Tweets from the BARN

CLICK HERE to listen to the BARN’s Morning Ag News as heard on participating BARN Affiliate Radio StationsNational Ag News for September 29, 2009 Sponsored by the American Farm Bureau Federation“Chinese File Another Trade Complaint” China has started investigating complaints that American chicken products are being dumped in China and are unfairly benefiting from subsidies. Chinese companies say U.S. [more...]

Date: 2009-09-29 13:52:54

Lenders Adding A Prepayment Penalty After Funding

I recently closed a mortgage loan. The loan officer told me there would be no prepayment penalty. When the documents came there was none and the loan funded and closed. Two weeks later I got an e-mail stating some documents had been missed and we need to sign and return them. They contained a new TIL, prepayment rider and addendum. The original TIL states there is no prepayment penalty. I have not signed these and the lender is telling me I have to because of the compliance agreement. [more...]

Date: 2009-09-27 14:00:00

University registration dogged by poor communication and ancient IT

For those in the UK, the issues around student loans and university financing have been hitting the headlines over the last few weeks. There are two ways to get a student loan through student financing: means testing and non-means testing. Means testing is basing your incoming loan depending on what your parents earn in effort to ease the burden on the Student Loans Company, the public-sector body which regulates and dishes out loans to students. [more...]

Date: 2009-09-28 14:05:05

Anything That Could Go Wrong Did Go Wrong

The Gazette Times reports from Oregon. “After a months-long struggle to move through the city’s planning department and overcome objections by wetlands advocates, Ashwood Preserve is up for sale. The 9.52-acre parcel, which became a test case for a provision which allows a land owner to build on property even if it is mostly covered by natural [more...]

Date: 2008-12-29 17:24:14

Bank of America smashes Acorn

Acorn has taken some huge hits from the money givers that fund their activities legal and otherwise.   The next after Census Bureau, Senate, House of Representatives and other Governmental Organizations, now have Bank of America who apparently used them or worked with them in predatory loans that were such a problem for the country that caused the collapse of U.S. [more...]

Date: 2009-09-29 06:05:34

Chain Of Fools

The Denver Post reports from Colorado. “Mike Kraft, a Realtor in Loveland, said first-time buyers have an edge in the current marketplace. The property they buy won’t have inflated equity, Kraft said, and many sellers are willing to help with closing costs. ‘It’s a buyer’s market. There’s a lot of inventory out there,’ he said [more...]

Date: 2009-01-04 18:13:27

Know How To File Bankruptcy Online

by John Steed When an individual or institution becomes unable or incapacitated to pay its debtors, it prompts the debtor to file for bankruptcy ... the help of a legal officer. This is because of the technicalities involved and paperwork required ... most individuals preferring taking time to visit a legal officer and incurring some additional [more...]

Date: 2009-01-14 23:53:33

Audi snares 2 top honors; Cadillac gets concept prize

The Audi Sportback and Cadillac Converj won the EyesOn Design awards Tuesday for the most significant concept vehicle designs to debut at the 2009 ... endured to receive a loan from the federal government. “Design can be a very important catalyst leading ... technology. The luxury electric car also uses recycled materials. This year’s three chief [more...]

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

14 Charged in $9M Mortgage-Fraud Scheme

A federal grand jury has indicted 14 individuals on mortgage-fraud charges involving approximately 35 homes in Fairfax County, Virginia , and causing more than $9 million in losses: Ruben Rojas , 30, Vienna, Va., a real estate agent. Lourdes Rojas Almanza , 28, Falls Church, Va., a loan officer, the agent for Almanza Corporation , and sister to Ruben Rojas . Litcia Linares , 32, Falls Church, Va., a real estate agent and sister-in-law to Ruben Rojas . [more...]

Date: 2009-09-28 09:15:36

Chief Family Officer's New Year's Resolution: Pay off all non-mortgage debt

I've been feeling very sympathetic about PaidTwice's current dilemma: She's super dedicated to paying off her family's non-mortgage debt, ... a reliable car. Like PaidTwice, I am torn. On the one hand, I very much want to wipe out my Stafford loan, which is our only remaining non-mortgage debt. But Marc and I are both facing some uncertainty [more...]

Date: 2009-01-02 19:47:01

Santa Claus demands massive bailout

By Alex R. Dahl Special to TV Barn NORTH POLE, December 24, 2008 -- Rumors that Santa Claus may be the latest and most high-profile victim of the worldwide credit crisis sent world stock markets roiling and children's hopes plummeting today as Wall Street analysts warned that Santa's entire production and distribution network could [more...]

Date: 2008-12-24 15:22:02

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

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

Economic Potpourri December 26, 2008

The barrage of noteworthy economic news continues unabated. I took a lot of time off posting Christmas Eve and Christmas ... and corporate debt deplete capital. The industry, which puts about 10 percent of its invested assets ... have not seen a mainstream media discussion of one of the big problems facing life insurers [more...]

Date: 2008-12-26 11:26:00

The Bubble Was Bound To Break

WCSH 6 reports from Maine. “2008 was a difficult year for real estate on many fronts ... s now been resolved. But if the problem is your mortgage went up to more than you can afford, (Chapter ... A Manchester woman who owns a courier business got into debt after her gas expenses spiked to $1,500 [more...]

Date: 2009-01-14 13:37:16

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

First Draft Of Stimulus Package

SUMMARY: AMERICAN RECOVERY AND REINVESTMENT Action and Action Now! The economy is in a crisis not seen since the Great Depression. Credit is frozen, consumer purchasing power is in decline, in the last four months the country has lost 2 million jobs and we are expected to lose another 3 to 5 million in the next year [more...]

Date: 2009-01-15 23:03:30

PRESS RELEASE: United States: Grameen Trust and Fundacion Carlos Slim Launch the $45 Million Grameen Carso Microfinance Program

Source: PR Newswire . Original press release available online. NEW YORK, September 24 - Grameen Trust and Fundacion Carlos Slim A.C., the family charitable foundation of Mexican businessman Carlos Slim Helu, have officially launched the Grameen Carso. The official documents have been signed and the operation is off to a strong start, first in Oaxaca and then throughout Mexico. As of September 19, 2009, Grameen Carso has 265 members of which 195 have received their first loan. [more...]

Date: 2009-09-29 05:01:55

Mortgages Market Update: 01/09

Before I begin I would like to apologize for not posting anything in a while, it has been a little crazy here in the mortgage world (thank God) ... ! If you have a mortgage that is over 6.00%, a home equity, and you are not over the limit of $625,500 (NYC and many other counties nationwide) you should contact your mortgage loan officer/broker to refi! [more...]

Date: 2009-01-02 16:45:46

Commercial Mortgage Loans for Your Properties

by katie George Commercial Mortgage Loans are often required for buying the business’ real estate and commercial properties that can be utilized for commercial shopping centers and malls, industrial and high-rise office buildings, complexes, apartment buildings, factories, hospitals, warehouse, golf courses, hotels, restaurants, gas stations, [more...]

Date: 2009-01-02 09:35:49

Settlement Officer Sentenced For Diverting Funds Intended To Pay Off Mortgage Lenders

Marny Arlen Bailey, 35, Highland, Maryland was sentenced to 21 months in prison followed by five years of supervised release for wire fraud in ... the homeowners’ previous loans, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Judge Motz also ordered that Bailey pay restitution of $877,000, to the title company [more...]

Date: 2008-12-09 10:22:51

Dissecting the "Lending Game"

Rates were higher when I originally wrote this, but the principles remain the same Right now X is offering me a loan that looks something like this: ... . They have some excellent rates, but what they're quoting you is a market current quote for a 30 day ... for the 6-month lock? YOU PAY 1% UP FRONT AND IT IS REFUNDABLE IF YOU CLOSE WITHIN 6 MONTHS [more...]

Date: 2009-01-10 21:17:22

Lennar sues ex-con who questions O.C. exec’s mortgage

Jaffe (Register photo) Lennar Corp. said today it added an ex-con who became a fraud detective to an existing federal lawsuit, ... since it comes on top of about $5 million in existing debt on the property. He intimates that the loan could be a “disguised kick-back” by mortgage broker Robert Venneri, possibly because Lennar [more...]

Date: 2009-01-15 01:56:17

Employment squeeze; rising costs strain Uni students; and an in-your-face trip to Le Cordon Bleu (and the year has only started!)

Singapore gripped by employment squeezeBy Sumathi BalaFinancial Times, January 15 2009Singapore’s job market is looking gloomy as the global economic slowdown takes its toll on local industries’ hiring.A recent survey reveals that more than half of bosses are planning to cut jobs in the first quarter of this year [more...]

Date: 2009-01-15 13:20:00

Is Bank of America The Next Citigroup?

Charles Darwin's theory was survival of the fittest. The Fed's policy is Survival Of The Weakest ... of America, which has been setting aside too little reserves for its own loans, Graham Fisher & Co.’ ... been so acquisitive, they find themselves with very little in tangible equity.” As Citigroup Goes To Sleep [more...]

Date: 2009-01-15 02:36:00

Low Mortgage Rates to Spur New Wave of Defaults

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... . Home owners and loan officers around the nation have not been this excited in years over the low rates. Purchases are far and few in between and require solid relationships, so most loan officers [more...]

Date: 2008-12-30 12:00:56

Are Junk Bonds A Buy?

In what I expect to be a wave of big name corporate bankruptcies, Canadian telecom giant Nortel files for bankruptcy protection.Nortel (NT) ... consider Junk Debt Showing Great Depression Defaults Lures Investors.Record yields on high-risk, high- yield bonds and loans are luring Babson Capital Management LLC and TCW Asset Management Co., even [more...]

Date: 2009-01-14 19:25:00

Why a Mortgage Professional Beats a Banker Every Time — The Story Tells It All

The best way to explain why a mortgage professional is always better than a banker is to use an anecdote ... to you) that included plenty of hassles over paperwork, they agreed on a loan for their new home ... - they decided to apply for a bridge loan (more on bridge loans later). This would take the equity [more...]

Date: 2009-01-15 18:28:01

Collection 101: Collecting for Your Start-Up

By Larry Chiang Congrats on getting to $900k in revenue, getting an angel round done and avoiding the 9 VCs you don’t wanna meet ... of Sales they should definitely be calling to collect. Compartmentalizing the collection by leaving it to a sole administrator is dooming your collection effort to fail. If the CEO won’t call, email [more...]

Date: 2009-01-06 17:53:48

Currency issues, IMF grants loan, Structural reform, New Business, Human ights, Russian Gas, Ukraine, Polish scandal, New, Sport and Culture

From the Top...#377Alexander Lukashenko advises citizens not to change currency of their savingsFrom: BelTA and the Office of the PresidentThere is no need for citizens to change the currency they keep their savings in, because nobody knows how the global financial crisis will unfold, President of Belarus Alexander Lukashenko told reporters, [more...]

Date: 2009-01-14 09:39:00

Yet another one bites the dust: Acorn Housing Board Member Guillermo Loaiza Steps Down

By JAMES R. HAGERTY / Wall Street Journal SEPTEMBER 28, 2009, 4:21 P.M. EGuillermo Loaiza, a loan officer for a unit of J.P. Morgan Chase & Co. in Phoenix, has resigned from the board of Acorn Housing, a spokesman for J.P. Morgan said.Acorn Housing is an affiliate of the community-organizing group Acorn, the full name of which is the Association of Community Organizations for Reform Now. [more...]

Date: 2009-09-29 03:14:17

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