Archive for November, 2008

Thursday, November 27th, 2008

Mayor asked over P6M cash advances (Cebu Daily News)
Mayor asked over P6M cash advances (Cebu Daily News)
With unliquidated cash advances in Mandaue City Hall past the P6 million mark, the City Council is urging Mayor Jonas Cortes to prod officials and employees to liquidate their expenses.

Will tumbling <b>mortgage</b> rates help the economy? - BloggingStocks

Despite cutting the Fed Funds rate from 5.25% to 1% since August 2007, mortgage rates remained stubbornly high. They also remained elevated after the $800 billion bailout of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).

<b>Mortgage</b> rates fall for 2nd day; won&#39;t help all | Business news <b>…</b>

That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 billion in mortgage-related securities in an effort to slow falling home prices and rising foreclosures, while kick starting demand among

New Jersey Real Estate Report <b>Mortgage</b> Rates Plummet!

The average rate for a 30-year fixed mortgage fell to about 5.5 percent after starting at 6.38 percent yesterday, according to Bankrate Inc. It was the biggest one-day drop in at least seven years, said Holden Lewis, of the North Palm

Lower US <b>Mortgage</b> Rates Lift Application Demand - Real Estate * US <b>…</b>

Lower US mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets.

Reverse <b>Mortgage</b> News Headlines

A few reverse mortgage headlines from the week: Reverse mortgages lure users and abusers (Davis County Clipper) Mortg…

<b>Mortgage</b> Market News: Applications Up - <b>Mortgage</b> Rate News

Find up-to-date news and tips like: Mortgage Market News: Applications Up - on Mortgage Rate News.

Wednesday, November 26th, 2008

Moore joins payday lending trade group (The State)
Moore joins payday lending trade group (The State)
Former S.C. Sen. Tommy Moore, the Democratic candidate for governor in 2006, is going to work for a national payday lending trade association. Moore, of Aiken, resigned his Senate seat Saturday. He will become executive vice president of the Community Financial Services Association of America and will move to the Washington area, the association said Monday. At this point in my career, I saw an …

Traders cash in after 3-day rally (Long Beach Press-Telegram)

A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed. NYSE, NASDAQ

Stocks trade mixed after steep rally (AP via Yahoo! News)

A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed. Blue chips pulled back, while tech stocks that have lagged the market were rallying.

Cash-strapped West Indies seek ICC bailout (CricInfo)

The West Indies Cricket Board has applied to the ICC for a US$3 million loan to keep it afloat, according to reports in the Hindustan Times.

Stocks trade mixed after steep rally (AP via Yahoo! Malaysia News)

A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed.

Wednesday, November 26th, 2008

Now do your part on payday lending: Vote yes on Issue 5 - Sheryl Harris’ Plain Dealing (The Cleveland Plain Dealer)
Now do your part on payday lending: Vote yes on Issue 5 - Sheryl Harris’ Plain Dealing (The Cleveland Plain Dealer)
The vote on Issue 5 is about a lot more than payday lending. It’s about whether Ohioans will stand up and vote "yes" for good government. The Ohio legislature has, in the past, had a tough time figuring out how to do right by consumers.

Vote puts squeeze on payday loans in Ohio (Fort Wayne Journal Gazette)

CINCINNATI The payday loan industry stung at the Ohio ballot box with a strict new law is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. Photo caption: A customer enters a Payroll Advance location, in Cincinnati. Ohio voters approved an issue that puts limits on payday lenders and borrowers. …

Official aims to limit payday loans online (Las Vegas Review-Journal)

Nevada payday lenders should be barred from making loans over the Internet to protect consumers in other states, a state official proposed Friday.

Experts Weigh In On Payday Loans As Holidays Approach (KTSM El Paso)

Friday November 21, 2008- W hile payday loans may be quick and easy ways to get cash, in the end many people aren’t ready for what comes next. O ne financial expert fills us in on what you need to know before getting that fast holiday money.

Payday Loan Accountability (WKRG News 5 Mobile)

In these tough economic times, many people are strapped for cash. Making ends meet may mean taking out a payday loan. It’s fast cash, but can come with a hefty price tag. In this News 5 Investigation, Kimberly Curth uncovered activity the State says is illegal. Watch Video

Online Payday loan businesses hit for deceptive practices (ABC 15 Phoenix)

The online payday loan market just got a little tighter as the government cracks down on their practices. The Federal Trade Commission and the state of Nevada charged 10 lenders with abusive collection tactics and making false claims.

Payday Mayday (Las Vegas CityLife)

Jay Campbell thought he knew exactly what he was doing when he went to Lucky Cash 4 U on Oct. 20, 2007 and asked for a $500 loan. He’d borrowed $200 from the same lender six months earlier — enough to take care of some unexpected expenses.

Payday Loan Deposit.Com: Announces "Fast Response" Technology With Faxless Payday Loans (PRWeb via Yahoo! News)

Payday Loan Deposit.Com has announced the utilization of innovative “fast response” technology, allowing for quick integration of applicant results it delivers from a growing lender network.

FTC warns consumers about borrowing from online sites (Fort Worth Star-Telegram)

If youre looking for extra cash for the holidays, the federal government wants you to know that borrowing from an Internet payday lender is risky business. The Federal Trade Commission and Nevada authorities have closed in on one site, www.cash2day4u.com . Site operators offered consumers loans up to $500 or less within 24 hours without requiring a credit check, proof of income or …

Banks, credit unions get into short-term lending at triple-digit APRs (BizJournals)

Payday lenders have argued a new state law is crippling their business, but banks and credit unions have been offering payday loans under other state lending statutes that allow them to charge interest and fees that add up to triple-digit annual interest rates for borrowers.

Bad News For Moneytree: The City of Seattle Wants to Steal Its Customers (Seattle Weekly)

Seattle-based check-cashing and payday-loan giant Moneytree is a homegrown success story that has made great strides in changing the shady reputation of its industry, as Laura Onstot described in a co… Continue reading “Bad News For Moneytree: The City of Seattle Wants to Steal Its Customers”

Wednesday, November 26th, 2008

Statres plan <b>mortgage</b> laws
Statres plan <b>mortgage</b> laws
State lawmakers, faced with a record number of constituents who may lose their homes, are pressing to pass their own laws to halt <b>mortgage</b>-lending abuses, saying they can’t afford to rely on the US Congress to act. <b>…</b>

Stocks trade mixed after steep rally (Lexington Herald-Leader)

A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed. Blue chips pulled back, while tech stocks that have lagged the market were rallying. Wall Street is coming off three sessions of gains that gave the Dow Jones industrials and the Standard & Poor’s 500 index their first triple-session advances in …

Stocks trade mixed after steep rally (AP via Yahoo! News)

A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed. Blue chips pulled back, while tech stocks that have lagged the market were rallying.

Stocks mixed despite more bad news (Rocky Mountain News)

A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains today, leaving stock prices widely mixed. At 9:05 a.m. Mountain time, the Dow had fallen about 11 points.

Stocks trade mixed after steep rally (Denver Post)

NEW YORKA mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed.

Stocks May Pause in the Face of Weak Economic Readings - RTTNews Daily Market Analysis (Nasdaq)

(RTTNews) - The major U.S. index futures are pointing to a lower opening on Wednesday, as traders may look to take profit on their recent gains following three sessions of advances and ahead of Thursday’s public holiday.

Twitter rejects Facebook’s advances (Computer Weekly)

Facebook has had a $500m offer for social networking site Twitter rejected. The offer was not a straight cash deal but in stock form with Facebook’s…

Stocks trade mixed after steep rally (Fort Worth Star-Telegram)

By TIM PARADIS A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, leaving stock prices widely mixed. Blue chips pulled back, while tech stocks that have lagged the market were rallying. Wall Street is coming off three sessions of gains that gave the Dow Jones industrials and the Standard & Poor’s 500 index their first triple-session …

Springsteen. Pay me my money down

Wednesday, November 26th, 2008

Pay me my money down

Vote puts squeeze on payday loans in Ohio (Fort Wayne Journal Gazette)

CINCINNATI The payday loan industry stung at the Ohio ballot box with a strict new law is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. Photo caption: A customer enters a Payroll Advance location, in Cincinnati. Ohio voters approved an issue that puts limits on payday lenders and borrowers. …

Official aims to limit payday loans online (Las Vegas Review-Journal)

Nevada payday lenders should be barred from making loans over the Internet to protect consumers in other states, a state official proposed Friday.

Experts Weigh In On Payday Loans As Holidays Approach (KTSM El Paso)

Friday November 21, 2008- W hile payday loans may be quick and easy ways to get cash, in the end many people aren’t ready for what comes next. O ne financial expert fills us in on what you need to know before getting that fast holiday money.

Payday Loan Accountability (WKRG News 5 Mobile)

In these tough economic times, many people are strapped for cash. Making ends meet may mean taking out a payday loan. It’s fast cash, but can come with a hefty price tag. In this News 5 Investigation, Kimberly Curth uncovered activity the State says is illegal. Watch Video

Online Payday loan businesses hit for deceptive practices (ABC 15 Phoenix)

The online payday loan market just got a little tighter as the government cracks down on their practices. The Federal Trade Commission and the state of Nevada charged 10 lenders with abusive collection tactics and making false claims.

Payday Mayday (Las Vegas CityLife)

Jay Campbell thought he knew exactly what he was doing when he went to Lucky Cash 4 U on Oct. 20, 2007 and asked for a $500 loan. He’d borrowed $200 from the same lender six months earlier — enough to take care of some unexpected expenses.

Payday Loan Deposit.Com: Announces "Fast Response" Technology With Faxless Payday Loans (PRWeb via Yahoo! News)

Payday Loan Deposit.Com has announced the utilization of innovative “fast response” technology, allowing for quick integration of applicant results it delivers from a growing lender network.

FTC warns consumers about borrowing from online sites (Fort Worth Star-Telegram)

If youre looking for extra cash for the holidays, the federal government wants you to know that borrowing from an Internet payday lender is risky business. The Federal Trade Commission and Nevada authorities have closed in on one site, www.cash2day4u.com . Site operators offered consumers loans up to $500 or less within 24 hours without requiring a credit check, proof of income or …

College Loans

Wednesday, November 26th, 2008

Discounted college loans - Private, Plus, Stafford, Grad and Consolidation. FAST closing and steep discounted rates

BBC NEWS | The Reporters | Robert Peston

Net new mortgage lending is likely to fall to less than zero next year, according to a report commissioned by the Treasury from Sir James Crosby, the former chief executive of HBOS, owner of the Halifax. Row of houses

Government Share of <b>Mortgage</b> Apps Soars: Report : HousingWire <b>…</b>

The latest proof on the governments growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, which said that of all mortgage applications taken during the month of October,

Fed to buy <b>mortgage</b>-related assets :: CHICAGO SUN-TIMES :: Business

The Fed says it will purchase up to $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks. It also will purchase another $500 billion in mortgage-backed securities,

www.kansascity.com | 11/25/2008 | Fed says it will buy <b>mortgage</b> <b>…</b>

The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. extra description.

<b>Mortgage</b> Rates Dip to Low 5s | Rain City Guide

30 year fixed rate is now around 5.375% priced with 1 point (apr 5.470%) based on the criteria that I use for pricing Friday’s rates. Do check with your.

Feds Step into Secondary <b>Mortgage</b> Market in a Big Way <b>…</b>

Its a funny, odd saying, but on Tuesday the saying rang truer than ever for most secondary mortgage market participants, after the Federal Reserve said it was initiating a program to purchase up to $100 billion GSE direct obligations

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Tuesday, November 25th, 2008

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Twitter rejects Facebook’s advances (Computer Weekly)

Facebook has had a $500m offer for social networking site Twitter rejected. The offer was not a straight cash deal but in stock form with Facebook’s…

MARKET TALK: Stocks, Stops, Corn Sustain Most CME Hog Gains (INO News)

1240 EST [Dow Jones] - CME hogs maintain most of their early session bullishness on U.S. stock market gains. Buy stops and generally higher midday cash hog quotes enhance spot-Dec and nearby-Feb advances. And, CBOT corn strength drive up back hog contracts.

Russias Ruble Weakens Against Dollar, Advances Versus Euro (Bloomberg)

Nov. 25 (Bloomberg) — The ruble weakened against the dollar and rose versus the euro. The currency, which is managed by the central bank against a basket of dollars and euros, fell to 27.4254 per dollar by 10:10 a.m. in Moscow, from 27.3074 yesterday. It was at 35.1960 per euro, from 35.3781.

Stocks Drop as Investors Cash In (NBC Philadelphia)

Wall Street sold off Tuesday as investors, while heartened by government plans to aid consumer lending companies, cashed in some of their winnings after a huge two-day rally. Some selling was widely expected…

Gold Rises to 5-Week High as Dollar Weakens; Silver Advances (Bloomberg)

Nov. 24 (Bloomberg) — Gold rose to a five-week high as the dollar weakened, boosting the appeal of the precious metal as an alternative investment. Silver and platinum also gained.

R S Reddy (Business Standard India)

Liquidity still remains tight despite the Reserve Bank of India (RBI) reducing the cash reserve ratio by 350 basis points to 5.5 per cent releasing more than Rs 100,000 crore into the system.

Tuesday, November 25th, 2008

PAYDAY LENDING (The State)
PAYDAY LENDING (The State)
The case for and against Efforts to tighten regulation of payday lending in S.C. failed in the Legislature this year. Proposed bills would have capped annual interest rates at 36 percent instead of the 391 percent lenders can collect. An amended version of the bill would have limited borrowers to one loan at a time, total loans per year at two and required a five-day wait between loans. …

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<b>Personal Loans</b>: Helps To Fulfill Your Needs And Wishes

With the introduction of online mode, more and more people are opting to avail personal loans by applying online. It is fast and considered to be safe. There is no processing fee levied and on further comparing the free quotes,

No Credit Check <b>Personal Loans</b>: Respite From Credit Hassles

No credit check personal loans are now also made available online. Online lenders are known to approve these loans instantly and that too at affordable terms and conditions. There is no need of personally visiting the lender as you get

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Consolidate debt with Citibank <b>Personal</b> Credit

Citibank Personal Credit offers flexibility. Learn more about Citibank Personal Credit and how it can help you.

Personal FINANCE

Tuesday, November 25th, 2008

Common Types of <b>Personal Loans</b>
Common Types of <b>Personal Loans</b>
There are actually quite a few different types of <b>personal loans</b> for bad credit. Signature <b>loans</b> and payday <b>loans</b> would both fall under this category. If your credit is fair to poor, it may be difficult to secure a signature <b>loan</b>. <b>…</b>

Twitter rejects Facebook’s advances (Computer Weekly)

Facebook has had a $500m offer for social networking site Twitter rejected. The offer was not a straight cash deal but in stock form with Facebook’s…

Russias Ruble Weakens Against Dollar, Advances Versus Euro (Bloomberg)

Nov. 25 (Bloomberg) — The ruble weakened against the dollar and rose versus the euro. The currency, which is managed by the central bank against a basket of dollars and euros, fell to 27.4254 per dollar by 10:10 a.m. in Moscow, from 27.3074 yesterday. It was at 35.1960 per euro, from 35.3781.

MARKET TALK: Stocks, Stops, Corn Sustain Most CME Hog Gains (INO News)

1240 EST [Dow Jones] - CME hogs maintain most of their early session bullishness on U.S. stock market gains. Buy stops and generally higher midday cash hog quotes enhance spot-Dec and nearby-Feb advances. And, CBOT corn strength drive up back hog contracts.

Gold Rises to 5-Week High as Dollar Weakens; Silver Advances (Bloomberg)

Nov. 24 (Bloomberg) — Gold rose to a five-week high as the dollar weakened, boosting the appeal of the precious metal as an alternative investment. Silver and platinum also gained.

Gold Rises to 5-Week High as Dollar Weakens; Silver Advances (Bloomberg)

Nov. 24 (Bloomberg) — Gold rose to a five-week high as the dollar weakened against the euro, boosting the appeal of the precious metal as an alternative investment. Silver and platinum also gained.

Gold Advances on Decline in German Confidence, Weaker Dollar (Bloomberg)

Nov. 24 (Bloomberg) — Gold increased to a five-week high in London as German business confidence slumped and the dollar weakened, increasing the precious metal’s appeal as a haven.

R S Reddy (Business Standard India)

Liquidity still remains tight despite the Reserve Bank of India (RBI) reducing the cash reserve ratio by 350 basis points to 5.5 per cent releasing more than Rs 100,000 crore into the system.

U.S. Stock Futures Gyrate; Exxon Declines, Citigroup Advances (Bloomberg)

Nov. 24 (Bloomberg) — U.S. stock-index futures swung between gains and losses as a retreat in energy shares on lower oil offset the governments $306 billion guarantee of troubled Citigroup Inc.

PNP chief: All ‘euro generals’ returned cash advances for Moscow trip (GMA News)

MANILA, Philippines - Philippine National Police (PNP) chief Director General Jesus Verzosa on Wednesday said all the police officers who attended the Interpol conference in Moscow have returned to the PNP the respective cash advances they made for the trip.

All Credit Lending Home Loans and Mortgage Tips

Tuesday, November 25th, 2008

All Credit Lending sales manager Mark Evans talks about Home Loan programs and Florida Real Estate Market.

Vote puts squeeze on payday loans in Ohio (Fort Wayne Journal Gazette)

CINCINNATI The payday loan industry stung at the Ohio ballot box with a strict new law is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. Photo caption: A customer enters a Payroll Advance location, in Cincinnati. Ohio voters approved an issue that puts limits on payday lenders and borrowers. …

Official aims to limit payday loans online (Las Vegas Review-Journal)

Nevada payday lenders should be barred from making loans over the Internet to protect consumers in other states, a state official proposed Friday.

Experts Weigh In On Payday Loans As Holidays Approach (KTSM El Paso)

Friday November 21, 2008- W hile payday loans may be quick and easy ways to get cash, in the end many people aren’t ready for what comes next. O ne financial expert fills us in on what you need to know before getting that fast holiday money.

Payday Loan Accountability (WKRG News 5 Mobile)

In these tough economic times, many people are strapped for cash. Making ends meet may mean taking out a payday loan. It’s fast cash, but can come with a hefty price tag. In this News 5 Investigation, Kimberly Curth uncovered activity the State says is illegal. Watch Video

Online Payday loan businesses hit for deceptive practices (ABC 15 Phoenix)

The online payday loan market just got a little tighter as the government cracks down on their practices. The Federal Trade Commission and the state of Nevada charged 10 lenders with abusive collection tactics and making false claims.