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Neverland's future: up for grabs
in Sox First, on July 4, 2009
...towards bankruptcy. He was believed to be paying 20% debt interest on approximately $270 million in loans or roughly $54 million per year and with insufficient income, he was sinking deeper into debt....
It's getting tougher to get a mortgage-broker license
in The Mortgage Roadmap, on July 2, 2009
...ll far below where they stood just one year ago. Getting clients today isn't nearly as easy for loan officers. During the housing boom years, they could wait for their phones to ring with new busi...
Are you ready for a mortgage loan?
in The Mortgage Roadmap, on July 1, 2009
...ot;yes" to any of these questions, you might not be ready to own a home. Taking out a mortgage loan is a big financial responsibility. You have to make these payments on time. At the same time, y...
Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 1)
in Supplychainer, on June 30, 2009
...h uncertainty, many companies have ended up vulnerable and some of them going through bankruptcy or consolidation (acquisition by others). From supply chain perspectives, inflation will be a problem b...
Is plain vanilla the right goal?
in The Mortgage Roadmap, on June 30, 2009
...gage lenders would have to offer customers what Obama is calling "plain vanilla" mortgage loan products alongside more complex mortgage options.
The goal here is to make sure that consumers...
Would you walk away from your mortgage loan?
in The Mortgage Roadmap, on June 29, 2009
If your home lost half of its value — not too unbelievable of an occurrence in today's housing market — would you be willing to simply walk away from your mortgage? Would you have any qualms about not making that monthly payment and simply leaving your house behind?
Surprisingly, a ...
Michael Jackson's debt legacy
in Sox First, on June 26, 2009
...Journal tells us, he left this world with $500 million in debt after defaulting on a $24.5 million loan backed by Neverland. A big chunk of this debt was a $200 million loan secured against his bigge...
Don't believe the homeownership hype
in The Mortgage Roadmap, on June 24, 2009
...imple reason for this: Homes aren't as good of an investment as real estate agents and mortgage loan officers make them out to be.
Yes, homes historically have risen in value. There's no deny...
Can Wind Power Make a Profit?
in IfEnergy, on June 23, 2009
...ng that the juice would be worth $30,000 a year. It's hard to cover the interest on a $500,000 loan with a $30,000 annual payback. It's not an unusual example.
One solution no one likes to t...
Beware of loan-modification scams
in The Mortgage Roadmap, on June 21, 2009
... of housing foreclosures across the nation continue to rise, something else is on the upswing, too: loan-modification scams.
The scammers target homeowners who have fallen behind in their mortgage pa...
A new wave of mortgage foreclosures on the way?
in The Mortgage Roadmap, on June 18, 2009
...omeowners who during the housing boom took out option adjustable rate mortgages . In these type of loans, borrowers can decide to pay less than what their monthly balance is. The difference is simply...
Do you trust the government to protect you from mortgage lenders?
in The Mortgage Roadmap, on June 18, 2009
...
Do you have faith that the government can protect you and other borrowers from bad mortgage loans pushed by shady mortgage lenders? If you answered "yes" to this question, you'll be...
Does owning a home have to be the American Dream?
in The Mortgage Roadmap, on June 17, 2009
... and bought homes that were too expensive for them. Mortgage lenders were lazy, and passed out home loans to people who clearly couldn't pay them back. Real estate agents didn't do enough to d...
The slow recovery
in Sox First, on June 16, 2009
...e, Reuters reports analysts saying that Bank of America Corp is experiencing "horrific" loan losses and may set aside $46 billion in loan loss provisions this year. There might be a recov...
How'd the mortgage meltdown happen? NPR knows
in The Mortgage Roadmap, on June 15, 2009
...where you can learn everything you ever wanted to know — and then some — about mortgage loans, bad lending practices, subprime mortgages and the reasons why the mortgage industry went so w...
Want a better credit score? Manage your money
in The Mortgage Roadmap, on June 12, 2009
...r most, though, the credit score is the key to determining whether they will qualify for a mortgage loan.
Lenders want to see a high credit score — a numerical figure that encapsulates borrower...
Is it time to refinance your mortgage?
in The Mortgage Roadmap, on June 10, 2009
... resulted in lower mortgage interest rates. That means it's a good time to refinance a mortgage loan.
Of course, even with low interest rates, refinancing doesn't make sense for everyone. CNN...
Are reverse mortgages the next trouble spot?
in The Mortgage Roadmap, on June 8, 2009
...s for more than a decade now.
I can see why others, though, might listen intently to what mortgage loan officers tell them. Say you're a first-time home buyer. You're undoubtedly thrilled and...
Wells Fargo accused of pushing bad loans on African-Americans
in The Mortgage Roadmap, on June 8, 2009
...
Whenever I tell people that borrowers shouldn't always be blamed for the bad mortgage loans that they take out, I get sneers. These borrowers should have done their homework before taking out...
What next for GM?
in Sox First, on June 4, 2009
...65 billion in taxpayers' money is all part of the subterfuge. Instead of being handed over as a loan, it's money converted into an illiquid 60% stake in the car maker. And this is where the pr...
Mortgage delinquencies not slowing
in The Mortgage Roadmap, on June 2, 2009
...ng payments or struggling to make them. Your lender is much more likely to want to restructure your loan terms than watch you slowly lose your grip on your home. Remember, losing your home doesn't...
Be honest with your finances before taking on a mortgage
in The Mortgage Roadmap, on June 2, 2009
...f the biggest factors? Borrowers weren't honest with themselves before taking on their mortgage loans.
A mortgage loan is a huge responsibility. For most people, it's the biggest monthly expe...
Even Hollywood hates mortgage loan officers these days
in The Mortgage Roadmap, on June 1, 2009
...i, received mixed reviews last week. But it certainly can't be the critical darling of mortgage loan officers.
That's because the star of the film, the person being dragged to Hell, is a mort...
Supply chain video:ERP market overview in 2009
in Supplychainer, on May 31, 2009
...f course this doesn't include giants like Oracle and SAP which have enough cash to survive. Furthur consolidation is being expected especially on bigh companies' side (SAP and Microsoft). ...
A Week With the 2010 Subaru Impreza 5-door Proves Hatchback Superiority
in carzz.org, on May 28, 2009
...mm" effect) which can improve both economy and performance.
Thanks to Subaru Canada for the loan of this vehicle, which included an extra-cost Sports Package. Our American friends can learn m...
Mortgage interest rates went up. Don't panic!
in The Mortgage Roadmap, on May 28, 2009
...interest rates rose this week. According to Bankrate.com , the average 30-year fixed-rate mortgage loan carried an interest rate of 5.45 percent. That's up from 5.24 percent a week ago.
Rates ro...
Is your credit score falling?
in The Mortgage Roadmap, on May 27, 2009
...
There's one number that means more than all the rest when you're applying for a mortgage loan: your credit score.
Also known as your FICO score, this number condenses your history of payin...
Loan modifications not always helping homeowners
in The Mortgage Roadmap, on May 26, 2009
...esn't appear to be working.
A recent story in the Wall Street Journal, looks at the success of loan modifications. These are an important part of the federal government's efforts to halt fore...
You can lower your mortgage interest rate -- BEFORE you take out that loan
in The Mortgage Roadmap, on May 25, 2009
...
The average mortgage interest rate on a 30-year fixed-rate mortgage loan last week was still below 5 percent. Historically, that's an amazing rate.
That doesn't mean, though, that there...
How low will interest rates go? Who knows?
in The Mortgage Roadmap, on May 22, 2009
...Applying for a mortgage loan — whether it's a new loan or a refinance — sometimes feels like a big gamble.
Interest rates on the 30-year fixed-rate mortgage loan may stand at 5.1 perc...
The refi money is still flowing
in The Mortgage Roadmap, on May 21, 2009
...at have resulted in lower mortgage interest rates.
This means that buyers who qualify for mortgage loans at an interest rate at or slightly below 5 percent — not unusual these days for a 30-yea...
Infosys CEO interviewed
in The CIO Weblog, on May 20, 2009
...this topic with TechFlash's Eric Engleman.
Gopalakrishnan clearly sees the dangers in industry consolidation and in changes in the nature of outsourcing, with more businesses taking the same tack...
How bad is the housing market? That depends
in The Mortgage Roadmap, on May 19, 2009
...
So you're looking to buy a home. You're interested in a mortgage loan. But you're wondering: You've heard some good news recently regarding the U.S. housing market. Has a recovery...
Will federal mortgage loan assistance hurt your credit rating?
in The Mortgage Roadmap, on May 18, 2009
...ew Making Home Affordable program — which lets homeowners refinance their existing mortgage loans or modify them to make their payments more affordable — might be a blessing.
The feder...
Times' reporter's story a reminder: It's easy to fall into foreclosure nightmare
in The Mortgage Roadmap, on May 15, 2009
...y tell me that they're frustrated that homeowners who were simply greedy, and took out mortgage loans with artificially low initial interest rates, are now placing a burden on the rest of us taxpa...
More bad news: Housing foreclosure activity remains at record levels
in The Mortgage Roadmap, on May 14, 2009
...'t happen.
Often, lenders will work with homeowners to renegotiate the terms of their mortgage loans to make sure that these owners can keep their homes.
I know it's embarrassing, and fright...
Looking to buy? Your mortgage loan might be smaller than ever
in The Mortgage Roadmap, on May 13, 2009
...h; than it's been in years. And this means that many buyers will be taking out smaller mortgage loans in order to purchase these homes.
Bloomberg reported that the nation's median housing pr...
Navigating the new mortgage roadmap
in The Mortgage Roadmap, on May 12, 2009
...I applied for my most recent mortgage loan back in 2006. You might remember that this was right before the housing boom ended and the housing crash began. Bad timing on my part. Today, my home is wort...
No recovery yet
in Sox First, on May 8, 2009
...off. Add to that the reports that US consumer credit fell by a record $11.1 billion in March and loan delinquencies continue to rise , although they're starting to level off. As a result, bank...
Animal Spirits by George Akerlof and Robert Shiller
in Sox First, on May 4, 2009
... a growing disrespect for law and civil society. The 1991 recession was preceded by the savings and loan (S&L) crisis, the 2001 recession by Enron and the latest by the totally amoral selling of s...
Google Likes To Steal Other's Thunder
in Wangtam, on May 3, 2009
...y Loan | Fastest and Easiest Online Cash Advance in Phoenix, Az. Phoenix-Cash-Advance.Com
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• Massage By Becky: The Best Mas...
Lost American Marques: Hupmobile
in Classical Drives, on May 1, 2009
... ousted by other board members but in late 1935 production was suspended and with a Federal Reserve Loan denied, some of the plants were sold to raise money. Once again back in business, Hupmobile int...
Save Money on Your Car Costs
in The Personal Finance Weblog, on April 24, 2009
...our area - or for another car within your price range. In addition, being pre-approved for you car loan will enable you to have more bargaining power with a car dealer. It also will enable you to save...
Hope, greed, fear and the financial crisis
in Sox First, on April 16, 2009
...y, we need initiatives like continuous workout mortgages that automatically adjust the terms of the loan to the borrower's ability to pay, housing futures markets, comprehensive financial advice f...
Giving banks permission to lie
in Sox First, on April 4, 2009
...;Japan was allowing the banks to continue to pretend that they were healthy-by not writing down bad loans and by making new loans so companies could pay interest on bad loans and the bankers could say...
Obama Set to Help Small Business
in Biz Plan Hacks, on March 16, 2009
...ll business owners to borrow money, using $730 million in stimulus funds to cut lending fees, boost loan guarantees and expand other programs, officials said.
"We know that small businesses are ...
What to Do When You Need Some Emergency Cash
in The Personal Finance Weblog, on March 4, 2009
...things that you can do to make money. While the more common places to get money - such as getting a loan - may be a little more convenient, they usually are not the best.
You may want to consider so...
Blind over-optimistic analysts
in Sox First, on February 27, 2009
...sary rigor to fix the diabolical problems. Unemployment, for example, drives expectations of future loan losses. And yet macroeconomic assumptions for the test only go out to 2010. Trouble is the bank...
WagerLog: Track Your Gambling Stats
in Wangtam, on February 26, 2009
... Shared activities, Groups, Clubs, New friends, New in town
• Vacatweet - Twitter vacation auto response ...
Further failures cast cloud into question
in The CIO Weblog, on February 24, 2009
...g the portability might affect performance.
My guess is that the solution to this will lie more in consolidation and compartmentalization than in standardization. Service providers will be snapped up...
50 余款帮你致富的免费 iPhone Apps
in Wangtam, on February 12, 2009
【银行】
• 1st Mariner ATM/Branch Locator
• Bank of America
• Chase Mobile
• IBC Mobile
• Mobile Banking on AT&T
• PayPal
【金融新闻与行业报价】
• Black Gold
• Bloomberg
• eDerivaties
• Gold Price
• Kcast Gold Live!
• Metal Quotes
• Oil and Gas
• RateWatch
Will GM and Chrysler go bust?
in Sox First, on February 10, 2009
... to submit new restructuring plans to the US government under terms of their $17.4 billion taxpayer loan. That also means negotiating with bondholders and the United Auto Workers union to reduce the m...
Bank bailout failure
in Sox First, on February 3, 2009
...ans many more will be closing their doors before the year is out. Then there is the latest Senior Loan Officer Opinion Survey on Bank Lending Practices showing that two out of three banks have tigh...
German Government Authorizes Bail Out Funds For Businesses
in Exclusive from our news room , on January 13, 2009
...as been set aside for economic relief with the bulk of it, about $167 billion reserved for business loan guarantees.
The International Monetary Fund, "IMF", projects even worse times ahead ...
BroadSoft Buys Sylantro
in The VoIP Weblog, on January 1, 2009
...;The merger may portend many to come for VoIP companies in 2009 as the recession encourages further consolidation," suggests VentureBeat's Camille Ricketts .
More here from TMCnet ... m...
Mergers of necessity: the big trend for 2009
in Sox First, on December 26, 2008
...has forecast big opportunities for companies buying troubled assets. We can expect to see massive consolidation in the financial services sector as it will be harder for small mid tier banks to go a...
Using a Loan Calculator
in The Personal Finance Weblog, on December 12, 2008
...ere's the actual amount you need to borrow. Then there's the interest and the length of the loan. You end up with a monthly payment. Can you afford that payment? If not, you look for a better ...
No quick fix for US housing market
in Sox First, on December 5, 2008
...S housing market continues to go from catastrophic to worse, with delinquency rate for Mortgage loans, 90 days overdue, has hit record levels, according to the latest figures from the Mortgage Ba...
Shopping malls crunched
in Sox First, on November 28, 2008
...In the old days, a business would get into trouble and then sit down with the bank to refinance the loan. But what makes this one different is that the banks don't actually hold the loan. The loan...
Is GM attacking good complexity in its supply chain?
in Supplychainer, on November 27, 2008
...read in his post is the following (the full post can be found here ): "...platform and parts consolidation has been accelerated to such a point that (from a Swedish perspective) the front-wheel ...
Apparel company adopts PLM and SCM together
in Supplychainer, on November 27, 2008
... globally-distributed network.
ecVision's reporting capabilities will be enhanced by the data consolidation created through integration to an external product design (PDM) system. The system wil...
$40 Billion Withdrawn from Hedge Funds
in The Hedge Funds Weblog, on November 24, 2008
...quot;The industry has now registered five consecutive months of losses, another inauspicious first. Consolidation is likely to continue into 2009 as investors across all asset classes indiscriminately...
Pomellato Jewelry
in The Jewelry Weblog, on November 14, 2008
...their debut the Pomellato House has been marked by its own unique style, which contributed to the consolidation of their image and the position of their brand.
It sells its products through boutiq...
AIG's bigger bailout
in Sox First, on November 10, 2008
...
Less than two weeks ago, I did a blog entry looking at how AIG was chewing up that $123 billion loan extended by the US taxpayer. Now, The Wall Street Journal tells us that AIG is about to get ...
The Future of Higher Ed Under an Obama Presidency
in The Universities Weblog, on November 6, 2008
...unding higher education in the last couple of years. He's suggested a program to reform student loans, and to push most loan money into direct aid that doesn't have to be paid back. He's t...
Deutsche Bank's accounting shell games
in Sox First, on November 5, 2008
...nancial crisis, but it won't solve the problem. When financial markets were up, such assets as loans, securities, derivatives, mortgages, property, also rose in value, showing the banks to be str...
AIG - money down the drain
in Sox First, on October 30, 2008
...h the New York Times reporting that AIG is rapidly running through the $123 billion emergency loan put up by the Federal Reserve. This raises three questions. The first two are obvious: where ha...
Fair value battle escalates
in Sox First, on October 29, 2008
...and go back to historical cost." As Jones suggests, maybe the fault lies with the banks using consolidation and de-recognition of off-balance-sheet assets and liabilities, and related disclosure...
Bailing out General Motors
in Sox First, on October 28, 2008
...age. Now, The Wall Street Journal tells us that the Bush administration is working to facilitate loans to General Motors from the loans Congress approved for the auto industry. That would speed up ...
A useful model for supply chain fund allocation
in Supplychainer, on October 18, 2008
...ing big chunks and there should also be some funds available for mid-level risk projects (e.g. data consolidation on the master data part).
What do you think?
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