Grne Obtains $240k Loan From Amex – Yahoo Finance

The 22-Year-Old Entrepreneur Producing Reusable Sanitary Pads For Poor African Girls – Forbes

Barclay Paul Okari

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done GRNE Obtains $240K Loan From AMEX Green Endeavors, Inc. 59 minutes ago 0 shares SALT LAKE CITY, UT–(Marketwired – Aug 7, 2014) – Green Endeavors, Inc. ( PINKSHEETS ), a majority owned subsidiary of Nexia Holdings, Inc. ( PINKSHEETS NXHD ), announced that it has received a $240,000 from American Express Bank. The loan bears interest at 6% per year with repayment over 24 months.Richard Surber, CEO of Green Endeavors, stated, “Obtaining a loan of this size shows that we are credit worthy.I believe it is significant because it is establishing credit worthiness for larger conventional lending which will be critical for when we begin to scale up and build out or purchase new locations.” Mr.
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Fitch Expects to Rate Morgan Stanley Residential Mortgage Loan Trust 2014-1; Presale Issued – Yahoo Finance

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Education Department to ease college loan rules Education Department seeks to ease college loan rules for those with troubled credit histories By Andrew Taylor, Associated Press 1 hour ago 0 shares Content preferences Done WASHINGTON (AP) — The Department of Education said Thursday it will try to make it easier for students with troubled credit histories to get college loans. New rules would ease restrictions on college students seeking loans from the government’s direct loan program. The change would let people get loans more easily even if they have up to $2,085 in bad debt, and it would shorten the length of time their history of bad debt is scrutinized from 5 years to 2. Currently, students with that much “adverse debt” are automatically denied, though they can appeal and get loans if they demonstrate extenuating circumstances. Such borrowers may be required to have loan counseling. The department said about 370,000 more borrowers would clear the government’s credit check under the new standards.
Puedes ver la version sin traducir en http://news.yahoo.com/education-department-ease-college-loan-153134251.html

Education Department to ease college loan rules – Yahoo News

I had tried taking loans from the company but that was initially a challenge. I choose to grow the company organically by bootstrapping all the income that we made. The company is still internally funded but is actively looking for investors to help scale the company to the next level. What about your current revenues? We are now doing revenues of $ 300,000. Where is your manufacturing facility situated? The manufacturing facility is situated in Kitale in Western Kenya. I have a team of 34 members. 23 are full time employees while 11 are part time. I have 22 women in the team.
Puedes ver la version sin traducir en http://www.forbes.com/sites/mfonobongnsehe/2014/08/07/the-22-year-old-entrepreneur-producing-reusable-sanitary-pads-for-poor-african-girls/?ss=pharma

7 Ways To Deal With Bad Credit When Renting – Forbes

bachelorette-andi-dorfman-chicago-atlanta-homes-3

Here are seven ways you can overcome your bad credit and still get that rental youre looking for: 1. Find a Guarantor or Co-Signer Ask a trusted friend or relative with good credit to cosign the rental application with you. While youll be the only one actually living in the apartment, your cosigner agrees to cover the payments in the event that you default on your rent. This can provide a landlord with the extra reassurance he needs. Of course, you dont actually want them to be forced to take over payments for you, so make sure the monthly rent is an amount you can comfortably afford. 2. Be Honest and Show Progress Sometimes, bad credit isnt a reflection of bad money management. You may have lost your job, suffered from medical problems or experienced another financial setback that was out of your control. If this is the case, be upfront about itbefore the landlord even runs your credit check.
Puedes ver la version sin traducir en http://www.forbes.com/sites/trulia/2014/08/07/7-ways-to-deal-with-bad-credit-when-renting/?ss=personalfinance

Therefore, Fitch applied a penalty of approximately 1.18x to the pool’s lifetime default expectations to account for this risk. RATING SENSITIVITIES After Fitch determines credit ratings through a rating stress scenario analysis, additional sensitivity analyses are considered. The analyses provide a defined stress sensitivity to demonstrate how the ratings would react to steeper MVDs than that assumed at issuance as well as a defined sensitivity that demonstrates the stress assumptions required to reduce a rating by one full category, to non-investment grade, and to CCCsf’. In its analysis, Fitch considered additional sMVD stress assumptions to those generated by the SHP model. These supplementary scenarios reflected base case sMVDs that aligned Fitch’s ‘Asf’ sMVD stress assumptions with peak-to-trough MVDs experienced in the U.S. during the recent financial crisis (2007 – 2009). This is consistent with Fitch’s view as described in its U.S. RMBS Loan Loss Model Criteria (dated December 2013, available on its website at http://www.fitchratings.com ) which associates the recent national housing recession and related performance observations with an ‘Asf’ stress. The result of this sensitivity analysis was included in the consideration of the loss expectations for this transaction. The sensitivity analysis resulted in a base sMVD of 19.4%, compared with the model projected 22.2%.
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Bangladesh police tear gas garment workers on hunger strike – Yahoo News

A link has been sent. Done Bangladesh police tear gas garment workers on hunger strike 1 hour ago View gallery Bangladeshi police detain head of Tuba Group Sramik Sangram Committee Moshrefa Mishu during clashes with Bangladesh police on Thursday fired tear gas and stormed a garment factory in the capital Dhaka where workers had been staging a hunger strike over pay, a union official said. The police, armed with batons, forced 400 workers to flee the factory where they had been holding a 10-day strike to demand back pay and a holiday bonus, the official said. Bangladesh’s garment industry, the world’s second largest, which supplies top Western retailers such as Wal-Mart and H&M, has a woeful history of poor pay and conditions for its four million workers. “Police fired tear gas and baton charged us, they forced us out of the factory, where we were staging the hunger strike,” said Moshrefa Mishu, head of Tuba Group Sramik Sangram Committee, which represents 15 garment unions. An AFP reporter at the scene saw workers running out of the factory crying due to the tear gas, while others were bleeding from head injuries. Angry at the police action, the workers then took to the streets, vandalising cars and buses and prompting officers to fire more rounds of tear gas, the reporter said. View gallery Bangladeshi Police evict striking garment workers from a factory in Dhaka on August 7, 2014 (AFP Pho The workers have been on a hunger strike on behalf of 1,500 employees who stitch clothes in five factories belonging to the Tuba Group in Dhaka’s Badda district. They are demanding three months’ of unpaid salaries and a bonus for the Eid al-Fitr holiday in the Muslim-majority country. The union announced an indefinite strike over the police response, describing it as unacceptable. “In protesting the atrocities and to press home our demands in full, we are announcing indefinite strikes in all factories,” Mishu told reporters just minutes before police detained her.
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7 Steps In Dealing With Debt Collectors – Forbes

This Week In Credit Card News: 35% Of Consumers Have Debt In Collections; High Overdraft Fees – Forbes

According to a recent study , over a third of Americans have an average of about $5k of debt in collections. If youre one of them, this not only hurts your chances of getting a loan but also affects how much you pay for insurance and even your ability to get a job or promotion. Here are some things you can do: 1) Know your rights. Under the Fair Debt Collection Practices Act, there are a variety of limits placed on how debt collectors can contact you. For example, they cant contact you before 8 am or after 9 pm without your permission and you can forbid them either orally or in writing from contacting you at work. You can also request in writing that they no longer contact you at all. If you feel that a debt collector is violating these rules, harassing you, making false statements, or using other unfair practices, you can file a complaint on them to the Consumer Financial Protection Bureau. 2) Know what you can afford to pay. Thats either a lump sum to settle a debt or a monthly payment that you can afford.
Puedes ver la version sin traducir en http://www.forbes.com/sites/financialfinesse/2014/08/01/7-steps-to-deal-with-debt-collectors/?ss=personalfinance

State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune

SSBCI provides financing by providing cash collateral for small businesses that lack the necessary collateral to qualify for bridge loan. The new program will mitigate a lenders risk during the interim period before an SBA-guaranteed loan is in place, the department said. Most small businesses can qualify for Collateral Support Program, and most SBA 504 loan purposes qualify. Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business. The department is working to quickly enroll and approve more banks, credit unions, savings associations and other business lenders in the program. Benefits to lenders include minimal reporting requirements, expanded small business customer base and higher lending limits. Applications for support in raising collateral from the program may be made at local lenders who participate. The program is aligned with SBA 504 loans. Lenders and businesses interested in learning more about the Washington Small Business Credit Initiative and the new Collateral Support Program may contact Jane Swanson, Commerce Program Manager, 206-256-6155, or emailWSBCI@commerce.wa.gov, or visit http://www.commerce.wa.gov . C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com Facebook Twitter Google Plus Reddit E-mail Print Order a reprint of this story Join The Conversation The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what’s in the news.
Puedes ver la version sin traducir en http://www.thenewstribune.com/2014/08/01/3312862/state-commerce-department-announces.html

State fines local payday loan outlets – News – The State Journal-Register – Springfield, IL

Did not obtain official documentation of a borrowers income before making a payday or title-secured loan. Made an installment payday loan of more than 22.5 percent of the borrowers gross monthly income or made a payday loan of more than 25 percent of a borrowers gross monthly income. * TitleMax of Illinois Inc., Springfield, fined $7,000. A title-secured lender making an additional loan to a borrower who had an outstanding title-secured loan within the preceding 15 days. Lender did not obtain official documentation of a borrowers income before making a title-secured or payday loan. * TitleMax of Illinois Inc., Springfield, fined $1,000. A title-secured lender made an additional loan to a borrower who had an outstanding title-secured loan within the preceding 15 days. * TitleMax of Illinois Inc., Springfield, fined $4,250. Licensee charged a fee not allowed.
Puedes ver la version sin traducir en http://www.sj-r.com/article/20140802/NEWS/140809860/1994/NEWS?rssfeed=true

Fitch Affirms SLM 2013-4 Notes – Yahoo Finance

Please enter your Phone Number. Send Thanks! A link has been sent. Done Moody’s upgrades Greece’s credit rating By DEREK GATOPOULOS 1 hour ago 0 shares Content preferences Done ATHENS, Greece (AP) Moody’s ratings agency late Friday upgraded Greece’s government bond rating, predicting a gradual decline of its massive national debt. The agency is also citing a continued commitment by the bailed out country’s conservative-led government to improve public finances. In Friday’s announcement, the agency said it had raised the Greek rating by two notches from Caa3 to Caa1 still below investment grade. Greece is set to emerge from recession this year for the first time since 2008 after being rescued by an international bailout four years ago and imposing years of severe austerity measures. “The first factor behind the upgrade of Greece’s rating is Moody’s strengthened expectation that the general government debt to GDP ratio will start declining in 2015, after peaking this year according to Moody’s estimates at around 179 percent of (gross domestic product),” the agency said. “Moody’s considers that Greece’s fiscal outlook is more resilient than in the past.” Friday’s action follows a similar move made by rating agency Fitch in May.
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Moody’s upgrades Greece’s credit rating – Yahoo News

If anyone needed more proof that the Great Recession changed peoples financial habits, consider that nearly 30% of Americans pay off their balances in full each month. Thats a 50% increase since 2008, according to the American Bankers Association. The ABAs data said that more than half of Americans now have a credit score of 759 or higher, compared to 41% in 2008. Middle and higher-income families have contributed to a larger paydown in credit card debt. [ Minneapolis Star Tribune ] What You Need to Know about Card Skimming Todays world of skimming is high-tech, and it wants your credit card and banking info. What is skimming? How does it work? What can I do to protect myself? What does the law say? Arm yourself against skimmers by taking an interest and protecting yourself by knowing a bit about them.
Puedes ver la version sin traducir en http://www.forbes.com/sites/moneybuilder/2014/08/01/this-week-in-credit-card-news-35-of-consumers-have-debt-in-collections-high-overdraft-fees/?ss=personalfinance

Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades. Fitch has affirmed the following: SLM Student Loan Trust Series 2013-4: –Class A at ‘AAAsf’; Outlook Stable; –Class B at ‘A+sf’; Outlook Stable. A comparison of the transaction’s RW&Es to those of typical RW&Es for student loans is available by accessing the reports and links below: –‘SLM Student Loan Trust 2013-4 – Appendix’, dated August 5, 2013; –‘Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions — Amended’, dated April 17, 2012. Additional information is available at ‘ http://www.fitchratings.com ‘. Applicable Criteria and Related Research: –‘Global Structured Finance Rating Criteria’ (May 20, 2014); –‘Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria’ (June 23, 2014). Applicable Criteria and Related Research: Global Structured Finance Rating Criteria http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=843859 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: http://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘ http://WWW.FITCHRATINGS.COM ‘. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS SITE.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-slm-2013-4-180500305.html

Arsenal Defender Jenkinson Joins West Ham On Season-long Loan | Fox Sports

Fitch Affirms Blackstone/GSO Sr. Floating Rate Term Fund Sr. Notes & Preferred Shares at ‘AAA’ – Yahoo Finance

Wenger signs new three-year contract Jenkinson, who joined the Gunners from Charlton in 2011 and earned his only England cap against Sweden 18 months later, becomes the Hammers’ sixth summer signing joining Mauro Zarate, Enner Valencia , Cheikhou Kouyate, Aaron Cresswell and Diego Poyet. “I’m clearly seen as a big part of things here and hopefully I can prove my worth here because it is an important year for me,” saidJenkinson. “I was flattered to have a lot of options but deep down, if I was being honest with myself, West Ham was always the place I wanted to go to. “It’s one of them where I wanted to do the right professional thing and consider all the options, but in the back of my mind it was always West Ham and I’m just so glad it’s all worked out how I wanted it to in the end. “It will be brilliant to play here. I’ve got a lot of friends who are West Ham fans and I know how good the supporters are here. “You get a great atmosphere here and the fans are great, so I just can’t wait to get a West Ham shirt on and get on the pitch and play.” Jenkinson, who played for Finland at Under-17, Under-19 and Under-21 level before switching to the Three Lions, was swayed by the Hammers’ ambition to progress. “To be honest, that was a big swing in this for me, seeing this club is going in the right direction,” he explained. “Obviously the (Olympic) stadium plans are only a couple of years away and that’s going to improve this club massively.
Puedes ver la version sin traducir en http://www.foxsports.com/soccer/story/arsenal-defender-jenkinson-joins-west-ham-on-season-long-loan-080114

Fitch Rates Nelnet Student Loan Trust 2014-6 – Yahoo Finance

The fund’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital. The fund will invest at least 80% of its assets in senior secured floating rate loans. The fund commenced investment operations in May 2010, and absent shareholder approval to extend the term of the fund, the fund will dissolve on or about May 31, 2020. ASSET COVERAGE As of June 30, 2013, the fund’s Asset Coverage Ratio for the senior notes and preferred shares was in excess of the 225% minimum threshold required by the fund’s governing documents. As of the same date, the fund’s total and net overcollateralization (OC) tests’ ratios were in excess of the 100% minimum threshold required by the fund’s governing documents. The fund’s total and net OC tests are similar to the Fitch total and net OC tests at the ‘AAA’ rating guidelines, and are deemed to be consistent with a ‘AAA’ rating. STRUCTURAL PROTECTIONS Should any of the fund’s asset coverage tests decline below their minimum threshold amounts, the governing documents’ mandatory redemption provisions will require the fund to cure the tests or redeem the affected liabilities in a sufficient amount to restore compliance with the applicable test(s). After 8/31/2017, any sales proceeds or repayments from the fund’s portfolio will be used to redeem, pro-rata, the fund’s notes, preferred shares, and common equity. However, if certain conditions are satisfied after this period sales proceeds or repayments will be used to repay solely the notes and preferred shares on a pro-rata basis.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-blackstone-gso-sr-200100635.html

Breakout Month In July: Cov-Lite Share of European Institutional Debt Highest Level in Seven Years – Forbes

EUR 2014-08-01 cov lite chart 1_750

Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business. The department is working to quickly enroll and approve more banks, credit unions, savings associations and other business lenders in the program. Benefits to lenders include minimal reporting requirements, expanded small business customer base and higher lending limits. Applications for support in raising collateral from the program may be made at local lenders who participate. The program is aligned with SBA 504 loans. Lenders and businesses interested in learning more about the Washington Small Business Credit Initiative and the new Collateral Support Program may contact Jane Swanson, Commerce Program Manager, 206-256-6155, or emailWSBCI@commerce.wa.gov, or visit http://www.commerce.wa.gov . C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com Facebook Twitter Google Plus Reddit E-mail Print Order a reprint of this story Join The Conversation The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what’s in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Puedes ver la version sin traducir en http://www.thenewstribune.com/2014/08/01/3312862/state-commerce-department-announces.html

Two U.S. home loan banks in talks on merger – Yahoo Finance

For the year to date, a record-high 39% of institutional loans have no maintenance covenants, up from 21% in 2013, and 7% in 2007. Covenant-lite arrived in Europe on the back of cross-border issuance, but while cross-border transactions continue to command a large share of the European cov-lite sample, more domestic transactions are joining the club, such as Continental Continental Foods,GHD GesundHeits, andAenova. Taking the trend a step further, three issuers used the borrower-friendly conditions to opportunistically refinance from a covenanted to a cov-lite structure in July a process seldom seen in Europe since 2007. They followed in the footsteps ofIglo, which launched a cov-lite refinancing in June. Continental Foods stripped out maintenance covenants as part of a dividend-linked transaction, while Aenova is similarly seeking to remove covenants and pay a dividend. On the cross-border front,Terexis out with a refinancing that shifts its debt onto a cov-lite footing. In another sign of hot market conditions, the average number of maintenance covenants on newly issued loans continues to decline. Excluding cov-lite deals, the average number of tests on deals launched in the year to July 31 has fallen to a record low of 2.5, from three in 2013, and 3.6-area between 2008 and 2012 (based on deals for which LCD tracked terms and conditions). Cross-border transactions are partially responsible for driving this trend.
Puedes ver la version sin traducir en http://www.forbes.com/sites/spleverage/2014/08/01/breakout-month-in-july-cov-lite-share-of-european-institutional-debt-steps-up/

Done Two U.S. home loan banks in talks on merger 1 hour ago Done (Adds background, reaction from FHFA) July 31 (Reuters) – The Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle said on Thursday they had entered into an exclusive arrangement on a potential merger. The Federal Home Loan Bank System is made up of 12 regional banks that help finance mortgages made to consumers by their members that include banks, credit unions and insurance companies. FHLB Des Moines is the larger of the two banks by assets with $82.2 billion at the end of June. FHLB Seattle had $36.5 billion. The proposed merger would require approval from their regulator, the Federal Housing Finance Agency, and the two banks’ members, they said in a statement. “FHFA views this potential merger as consistent with the mission of the Federal Home Loan Bank System and with the safe and sound operation of each Federal Home Loan Bank,” FHFA director Melvin Watts said in a statement. It was not the first time two FHLBs consider merging. Almost seven years ago, the Federal Home Loan Bank of Chicago was in talks with its Dallas counterpart to merge, but the deal was called off eight months later.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/two-u-home-loan-banks-191951691.html

State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune

Xerox Education Services LLC (Xerox-ES), Great Lakes Educational Loan Services Inc. (GLELSI) and Pennsylvania Higher Education Assistance Agency (PHEAA) will service 47.22%, 9.07% and 7.44%, respectively, of the remaining portfolio. In Fitch’s opinion, all servicers are acceptable servicers of FFELP student loans. RATING SENSITIVITIES Since FFELP student loan ABS rely on the U.S. government to reimburse defaults, ‘AAAsf’ FFELP ABS ratings will likely move in tandem with the ‘AAA’ U.S. sovereign rating. Aside from the U.S. sovereign rating, defaults and basis risk account for the majority of the risk embedded in FFELP student loan transactions. Additional defaults and basis shock beyond Fitch’s published stresses could result in future downgrades. Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades. For further discussion of Fitch’s sensitivity analysis, please see the presale titled ‘NSLT 2014-6’, dated July 28, 2014, available at http://www.fitchratings.com .
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-rates-nelnet-student-loan-191600329.html

Judge Says Raimondo Must Be Deposed On 38 Studios – Yahoo News

Loan Party Stragglers Meet Push Back From Investors: Euro Credit – Bloomberg

approved the loan guarantee for 38 Studios, and she opposed it when she was running for treasurer. But an attorney for one of the defendants in the suit, former EDC Executive Director Keith Stokes, wants to question her about communications she had with Stokes and others at the agency while she was a candidate. David Martland subpoenaed her last week. During a hearing Friday in Superior Court, Raimondo attorney Raymond Marcaccio argued the subpoena should be quashed, saying his client has information that is “quite limited” and not relevant or significant to the case. He called her a bystander and proposed that she answer written questions. But Martland said she shouldn’t be treated differently than any other witness. He indicated Raimondo had had communications with EDC board member George Nee regarding her concerns about the deal, and had also met with Stokes and former agency lawyer Robert Stolzman. Stolzman is also named in the EDC’s suit. 38 Studios went bankrupt in 2012. The state remains on the hook for some $89 million related to the transaction.
Puedes ver la version sin traducir en http://news.yahoo.com/judge-says-raimondo-must-deposed-180823534.html

7 Steps in Dealing With Debt Collectors – Forbes

Send Thanks! A link has been sent. Done Students and parents borrowing less to pay for college By Melanie Hicken 1 hour ago 0 shares Content preferences Done While college costs and student loan bills have soared over the past decade, some students and their families are finding ways to spend (and borrow) less. Borrowing reached its lowest level in five years as families paid for more expenses out of pocket and cut back on costs in a variety of ways, according to an annual survey of 1,600 college students and parents by Sallie Mae and market research firm Ipsos. Related: Drowning in student loan debt On average, college students and their parents borrowed 22% of total college costs in the 2013-2014 school year, compared to 27% two years ago. Financial aid experts say that even a small reduction in borrowing can help students save thousands of dollars in future interest payments, and make it more likely that they will be able to afford those payments come graduation. A key factor: a growing percentage of students are seeking to cut costs by attending two-year colleges instead of pricier four-year institutions. Although the average cost of public two-year schools has nearly doubled in the last six years, these schools are still thousands of dollars cheaper than four-year colleges and universities. Related: College savings gap widens between rich and poor But that’s not all.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/students-parents-borrowing-less-pay-140000226.html

Students and parents borrowing less to pay for college – Yahoo Finance

People are pushing back on aggressive deals, not just on covenant-lite deals, Ranbir Singh Lakhpuri, a London-based money manager at Insight Investment Management Ltd., which oversees the equivalent of $506 billion. Many deals are coming late to the party and meeting satiated guests on the way out. M&A Deals Loan issuance has been fueled by a surge in deals financing mergers and acquisitions by private equity and venture capital firms in the region which climbed to $110 billion this year, a 75.4 percent increased from the same period in 2013, data show. The record $113 billion of high-risk, high yield bonds sold in Europe this year is also starting to generate indigestion, with the securities poised to hand losses to investors in July for the first time since August 2013. Winoa SA, the French producer of abrasives for metalworking, scrapped a bond offering July 22. Investors demanded higher yields to buy the companys 260 million euros of junk notes as well as more assurances over the time during which securities couldnt be repaid. The average yield investors demand to hold junk-rated bonds in euros is 3.74 percent, up from a record 3.46 percent in May, according to Bank of America Merrill Lynch index data. Sub-investment grade bondholders are poised to lose 0.1 percent this month, reducing gains for the year to 5.3 percent, the data show. Deal Fatigue Theres just not enough juice in these deals and theres a bit of deal fatigue, said Edinburgh-based Steven Logan, head of European high yield at Scottish Widows Investment Partnership Ltd., which manages about $242 billion. Endemol is seeking to raise 700 million euros of term loans, as well as 335 million euros of more junior second-lien loans, Bloomberg data show. Its had to increase interest margins on both portions by 0.5 percentage points and is now offering 8.75 percentage points more than benchmark rates on the riskiest debt, the data show. The company is raising the money to fund a recapitalization following its takeover last month by New York-based Apollo Global Management LLC.
Puedes ver la version sin traducir en http://www.bloomberg.com/news/2014-07-31/loan-party-stragglers-meet-push-back-from-investors-euro-credit.html

5 Ways You Will Save Money After Retirement – Yahoo News

Instead, look at your bank and credit card statements and categorize your expenses for a month on a worksheet like this . Once you know where your money is going, see if you can then use any of these money-saving ideas to reduce some of those expenses. The result should be a good sense of what you can afford to put towards debt each month. 3) Know what you owe. For each of your debts, find out the balance, the interest rate, the minimum payment, and how long its been delinquent. You can use this worksheet to record the information. If you see anything thats not accurate, you can dispute it with the credit bureau to have it removed. Its bad enough if youre suffering from your mistakes. You dont want to suffer from other peoples mistakes too. 4) Focus on newer debt first.
Puedes ver la version sin traducir en http://www.forbes.com/sites/financialfinesse/2014/08/01/7-steps-to-deal-with-debt-collectors/?ss=personalfinance

Done 5 Ways You Will Save Money After Retirement By Joe Udo 58 minutes ago 0 shares Content preferences Done Many financial planners and online calculators assume you will need about 80 percent of your pre-retirement income to maintain your lifestyle in retirement . But everyone’s situation will be different. Super savers who tuck away 30 to 50 percent of their paychecks will need much less than 80 percent of their income after retirement. They get used to living below their means, and that habit will carry into retirement. There are also many expenses that will be reduced after retirement. Some work-related costs retire along with the job, while others can be eliminated once you are no longer supporting a family. Here’s how retirees spend less than their working counterparts: Housing. Housing is the biggest monthly expense for most working households, but this can change in retirement. If you have been diligent about paying down your mortgage, you could pay off the loan before retirement. This will reduce the monthly cost of housing greatly, but that’s not the only way to spend less.
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Conn. Unemployment Insurance Tax Stokes Complaints – Yahoo News

The unemployment tax is expected to be the highest this year in the United States. Wayne Rydzy, president of Pauway Corp., an aerospace and medical equipment manufacturer in Wallingford, is resigned to the tax. “Here’s another one. You send a check,” he said. “There’s no plan B. There’s no appeal.” The once-a-year tax, in addition to quarterly payments by employers, is down to $7.50 per employee from a high of $25.50 in 2011, said a spokeswoman for the state Department of Labor. It’s due Aug. 29. Thirteen states and the Virgin Islands owe the federal government $14.33 billion for unemployment insurance funding borrowed to help millions of unemployed workers during the 2007-09 recession and the weak recovery that followed. California accounts for more than half, $7.92 billion, and Wisconsin owes the least, $3.9 million, according to the U.S.
Puedes ver la version sin traducir en http://news.yahoo.com/conn-unemployment-insurance-tax-stokes-184640277.html

Federal Home Loan Bank here eyes merger with Midwest counterpart | Business & Technology | The Seattle Times

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done IMF approves $154 mln loan program for Georgia 7 hours ago Content preferences Done WASHINGTON, July 31 (Reuters) – The International Monetary Fund on Thursday signed off on a $154 million loan program for Georgia, meant to help the ex-Soviet republic shore up its economy amid greater geopolitical tensions affecting neighboring countries. The IMF said the approval of the three-year loan program means Georgia gets an immediate disbursement of about $62 million. The program is meant to help shore up reserves and address economic vulnerabilities that still remain after the country’s last $386 million IMF loan program from 2012 to 2013. “Regional geopolitical tensions and potential spillovers from neighboring countries may affect the prospects for the economy, especially for trade, remittances and potentially foreign direct investment,” the IMF said in a statement. (Reporting by Anna Yukhananov; Editing by Meredith Mazzilli) Politics & Government
Puedes ver la version sin traducir en http://finance.yahoo.com/news/imf-approves-154-mln-loan-170137161.html

Puerto Rico’s electric power authority gets extension from creditors – Yahoo Finance

Post a comment The Federal Home Loan Bank of Seattle and its larger sister bank in Des Moines, Iowa, said Thursday they are exploring a merger that would create the national finance networks largest cooperative by membership. Chartered by Congress in the 1930s in response to the Great Depression, the Federal Home Loan Bank system is made up of 12 regional cooperative banks. The systems primary purpose is to provide stable funding to member institutions that they in turn use to make loans to families, farms and businesses. As of June 30, the Federal Home Loan Bank of Seattle had $36.5 billion in assets. It is owned by more than 330 financial institutions in eight Western states and several Pacific territories. The Seattle-based funder of mortgage loans fell short of required capital in 2009 during the recession, its second bout of financial trouble in less than a decade. The FHLB of Des Moines had $82.2 billion in assets and serves about 1,200 members in five states in the Midwest. The merger requires approval from the Federal Housing Finance Agency and the membership of both banks. If approved, the combined cooperative would be based in Des Moines, said Michael Wilson, president and CEO of FHLB Seattle in a letter to its members. Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com On Twitter @sbhatt Want unlimited access to seattletimes.com?
Puedes ver la version sin traducir en http://seattletimes.com/html/businesstechnology/2024208205_fhlbmergerxml.html?syndication=rss

IMF approves $154 mln loan program for Georgia – Yahoo Finance

Send Thanks! A link has been sent. Done Puerto Rico’s electric power authority gets extension from creditors 2 hours ago (Adds analyst quote, reaction from governor to NY Fed report) By Edward Krudy NEW YORK, July 31 (Reuters) – Banks gave Puerto Rico’s electric power authority a two-week extension on $671 million in revolving loan facilities on Thursday as the troubled authority negotiates with creditors over its vital near-term cash needs. The reprieve was not enough to stop another downgrade from ratings agency Standard & Poor’s, which cut its view on the authority, known as PREPA, two notches deeper into junk. S&P said whether PREPA met its obligations was dependent on factors ultimately beyond its control. Under the new deal with creditors, PREPA received an extension until Aug. 14 on credit lines it uses to pay for operating expenses. Of that, $146 million was due to Citigroup Inc on Thursday. Scotiabank is owed about $525 million. PREPA said creditors had agreed not “to exercise remedies” as a result of credit downgrades.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/puerto-ricos-electric-power-authority-201834551.html

I-Minerals Inc. Issues Additional Bonus Shares and Bonus Warrants Pursuant to Loan Agreement, and Announces Debt Settlement – Yahoo Finance

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Arsenal defender Jenkinson loaned to West Ham 2 hours ago . View photo Arsenal’s English defender Carl Jenkinson celebrates scoring during the English Premier League football match between Norwich City and Arsenal at Carrow Road on May 11, 2014 (AFP Photo/Lindsey Parnaby) London (AFP) – West Ham signed Arsenal defender Carl Jenkinson on a season-long loan on Thursday becoming the Hammers’ sixth new face this summer. Jenkinson, 22, joined Arsenal from Charlton in 2011 and earned his only England cap against Sweden 18 months later. “I’m clearly seen as a big part of things here and hopefully I can prove my worth because it is an important year for me,” said Jenkinson, who joins Mauro Zarate, Enner Valencia , Cheikhou Kouyate, Aaron Cresswell and Diego Poyet in a new-look West Ham squad. “I was flattered to have a lot of options but deep down, if I was being honest with myself, West Ham was always the place I wanted to go to. “It’s one of them where I wanted to do the right professional thing and consider all the options, but in the back of my mind it was always West Ham and I’m just so glad it’s all worked out how I wanted it to in the end.” Carl Jenkinson
Puedes ver la version sin traducir en http://sports.yahoo.com/news/west-ham-defender-jenkinson-moves-arsenal-220748045–sow.html

Arsenal defender Jenkinson loaned to West Ham – Yahoo Sports

1 hour ago 0 shares Content preferences Done VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jul 31, 2014) – I-Minerals Inc. (TSX VENTURE:IMA)( IMAHF ) (the “Company”) announces that it has issued an additional 412,193 bonus shares and an additional 412,193 non-transferable bonus warrants to a company controlled by a director in respect of cash advances totaling $1,200,000 U.S. pursuant to a loan agreement announced on September 20, 2013, as amended in January 2014. The bonus shares were issued at deemed prices ranging from $0.1725 to $0.2175 Cdn. per share. The bonus warrants are exercisable at prices ranging from $0.276 to $0.305 Cdn., and will expire on the earlier of December 1, 2016 and the date the amount of the individual advance pursuant to which the bonus warrants were issued, together with all accrued interest thereon, has been repaid in full. All of the bonus shares, and any additional shares which may be issued pursuant to the exercise of the bonus warrants, are subject to a hold period in Canada until December 1, 2014. The Company also announces that the company to which the bonus shares and bonus warrants disclosed above have been issued has elected to have accrued interest in the amount of $211,937.08 U.S. settled by the issuance of 741,233 common shares in the capital of the Company at a deemed price of $0.2859 U.S. per share, subject to regulatory acceptance, as provided for in the loan agreement pursuant to which this interest has been accrued. All of these shares will be subject to a hold period in Canada for a period of four months and one day from the date of issuance.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/minerals-inc-issues-additional-bonus-225408943.html

At 3 Years Old, The Cfpb Gives Americans A Soapbox – Abc News

U.S. Leveraged Loan Volume Slips To $9.2B, Though Market Remains Heated – Forbes

leveraged loan volume

Despite the steep fines levied by the bureau, financial institutions continue to grow and grow, and the economy as a whole continues to improve, albeit too slowly. That said, the CFPB has faced more than a few challenges over the past three years. The U.S. Chamber of Commerce, thundering hordes of financial services lobbyists and a host of conservative groups that vowed to crush Dodd-Frank along with its prescription for establishment of the CFPB, poured more than $1.3 billion into the effort. On a crusade to eviscerate the agency from the start, Senate Republicans blocked the nomination of Elizabeth Warren as its first director even though, or, perhaps more accurately, because it was her brainchild. Ironically, Congressional opposition became a proof of that old adage, Be careful what you wish for. While the GOP succeeded in blocking Professor Warren from the directorship of the CFPB, the agencys current director, Richard Cordray, now enjoys the strongest ally he could possibly hope for on the Senate Banking, Housing and Urban Affairs Committee. Professor Warren is now Senator Warren. Of course, the CFPB continues to fend off bills — now numbering in the double digits — aimed at defunding, defanging or outright destroying the agency, including the Houses attempt to gut the CFPB and limit the directors purview through the so-called Consumer Financial Protection and Soundness Improvement Act. Despite vehement opposition, the CFPB continues to build on a solid track record that to date includes winning $4.6 billion in damages for 15 million consumers harmed by illegal practices.
Puedes ver la version sin traducir en http://abcnews.go.com/Business/years-cfpb-americans-soapbox/story?id=24701523

Boulder, Broomfield, Weld commercial deals: July 28, 2014 – Boulder Daily Camera

Boselli, Vectra Bank Colo., 7072 Indian Peaks Trail, Boulder, 7/11/2014, $1,023,750 David E. and Danielle Demarsh, JPMorgan Chase Bank, 303 Sky Lark Way, Boulder, 7/9/2014, $1,000,000 Steven J. and Laura Johnston, Bank West, 4837 Eldorado Springs Drive, Boulder, 7/8/2014, $999,000 Katharine R. Hobart, JPMorgan Chase Bank, 5740 Prospect Road, Longmont, 7/14/2014, $900,000 John D. Brantley, Bank America, 375 Dakota Blvd, Boulder, 7/9/2014, $868,400 Margaret Anne Tolbert, AMG National Trust Bank, 480 Kalmia Ave., Boulder, 7/8/2014, $860,000 Flatiron View Farm LLC, Farm Credit Services America, Farm Credit Services America, 7/11/2014, $825,000 Coast to Coast Residential Development, Wells Fargo Bank National Association, 3610 Paonia St., Boulder, 7/8/2014, $810,725 William and Andrea Beaber, Kansas State Bank Manhattan, 13949 Pinehurst Circle, Broomfield, 7/18/2014, $785,000 DeedsThis list includes deeds (conveying title to a property) of $350,000 or more. Information includes the seller, buyer, address or legal description of the property, date the deed was filed and amount. Caribou Estates Inc., Indian Peaks Holdings LLC, Indian Peaks Holdings LLC, multiple properties, 6/16/2014, $25,000,000 William Leipold, 3195 Bluff Element LLC, 3195 Bluff St., Boulder, 7/9/2014, $2,600,000 MW Bluff Real Estate LLC, 3155 Element LLC, 3155 Bluff St., Boulder, 7/11/2014, $2,400,000 John B. and Elizabeth W. Sprow, Dino John Pionzio Jr., 2675 Dakota Place, Boulder, 7/10/2014, $2,300,000 Storage Containers Ltd Liability, Lookout LLC, Lookout LLC, multiple properties, 7/8/2014, $2,110,000 Storage Containers Ltd Liability, Ace Holdings LLC, Ace Holdings LLC, multiple properties, 7/8/2014, $2,110,000 Stonewall and Betty R. Jackson, Tom H. Connolly, 9625 Avocet Lane, Lafayette, 7/9/2014, $1,950,000 Eric R.
Puedes ver la version sin traducir en http://www.dailycamera.com/business-data/ci_26222293/boulder-broomfield-weld-commercial-deals-july-28-2014?source=rss

(AP) – A University of Virginia official says the administration is considering borrowing up to $100 million to boost its student financial aid program. Patrick Hogan, the university’s executive vice president and chief operating officer, disclosed the discussions with a bank at a meeting of a Board of Visitors subcommittee Friday in Herndon. The university established an endowment last year to help cover the growing costs of the financial aid program, AccessUVa. Media outlets report that the loan would be intended to help meet the program’s needs until the endowment is sufficiently large. Board member Kevin Fay said it takes about 10 years to build an endowment to a useful level. The cost of the need-based AccessUVa program has quadrupled to $40 million since it was established in 2004. (Copyright 2014 The Associated Press. All rights reserved.) 301 Arboretum Place, Richmond
Puedes ver la version sin traducir en http://www.wric.com/story/26122999/uva-considers-loan-for-financial-aid-program

Digest – Memphis Daily News

With the recent activity, year-to-date loan volume totals $367 billion, compared to $384 billion at this point last year (of course, there was a record $605 billion in leveraged loan issuance in all of 2013).July is turning out to be a relatively sleepy month volume-wise, with $38 billion in issuance so far, down noticeably from the $64 billion during June. Despite the dip in issuance, the loan market remains hot, as LCDs Chris Donnelly explains in his weekly market commentary: Judging by activity over the past week, recent chatter about an overheated loan market looked to be largely justified. Investor Investor demand was hot and heavy this week, with pricing tightening on no fewer than a dozen transactions alongside other aggressive moves. It was primarily the marginal transactions that saw any degree of difficulty. Of note this week, Expro Oilfield Services brought to market a $1.52 billion term loan that backed repayment of mezzanine debt. The issuer, which is owned by Goldman Sachs PIA, Arle Capital Partners, Alpinvest Partners and management, has filed for an IPO.The credit is covenant-lite, meaning it has less restrictions on the issuer than does traditional leveraged loans. Also of note this week, Berkshire Partners launched $415 million in loans to institutional investors, backing the LBO of Portillo Restaurant Group. The credit is covenant-lite as well, and includes a second-lien portion rated CCC by S&P, says LCDs Kerry Kantin. Befitting the hot market, leveraged loan yields continue under pressure. The average single-B credit priced over the past 30 days did so to yield 5.10%, down from 5.32% at the end of June, while better-quality (double-B) loans are yielding 4.16%, down a bit from 4.19% at month-end, according to LCD.
Puedes ver la version sin traducir en http://www.forbes.com/sites/spleverage/2014/07/25/u-s-leveraged-loan-volume-slips-to-9-2b-though-market-remains-heated/

Important tips for online mortgage loan applications – Your Houston News: Opinion

If you trust your agent, simply know they have your best interest at heart. If you must shop for rates to feel comfortable, research online or call lenders directly to find out the best rate available. Keep in mind that disreputable lenders (particularly online) are known for bait-and-switch schemes. Dont give them your social security number or authorize them to pull your credit. Once you have filled out the basics and authorized your loan officer to pull your records, most everything they need will be downloaded through their system. If you have doubt whether they need any small bit of informationwaitask the loan officer if it should be included. Less is better. Leave it up to your lender to ask for more. Prepare Documentation Everything you answer on your application form will need to be sourced or verified.
Puedes ver la version sin traducir en http://www.yourhoustonnews.com/courier/opinion/important-tips-for-online-mortgage-loan-applications/article_4c14f804-00cf-5afb-b08a-a0d8ac2af263.html

UVA Considers Loan For Financial Aid Program – 8NEWS – WRIC | News Where You Live

Weve identified the five trolleys that we believe are in the best condition to focus on them and go in and do a complete reinspection and begin repair work on those five trolleys with the intent of getting at least limited service in place within three to six months, said MATA interim president and general manager Tom Fox. We do believe that we are still on schedule to meet that window of time. All trolley service was suspended in June after the transit authority reached the conclusion that the fleet would either have to be completely renovated or replaced. Fox said Friday, July 25, that no decision has been made on the possible renovation of other trolleys in the fleet. Some of the trolleys have been in service for the 22 years since the Main Street line began. They were initially restored after being bought from sources in Australia and Portugal where they were originally in service, some as long ago as 80 or 100 years. Bill Dries Midtown Fresh Market to Open in August The Fresh Market has set an opening date for its new Midtown store. The new store at 2145 Union Ave . will open Aug. 13 at 8 a.m., and grand opening activities will include chef demonstrations, food sampling throughout the store and drawings for The Fresh Market gift cards. A sample-sized bag of the companys gourmet coffee and a reusable shopping bag will be free to the first 1,000 customers.
Puedes ver la version sin traducir en http://www.memphisdailynews.com/news/2014/jul/28/digest/

Los Créditos Instantáneos Son Una Buena Opción Para Lograr Una Financiación Inmediata

Los créditos rápidos son una buena opción para obtener una financiación inmediata a través de Internet. Generalmente los requisitos para acceder a un crédito rápido son muy fáciles, basta con aportar nuestros datos personales, DNI, y rellenar un simple formulario.

Créditos rápidos diferentes según la necesidad

El importe de la financiación que podemos lograr es distinto entre una entidad y otra, pero la mayor parte suelen oscilar entre los trescientos a seiscientos euros para la modalidad de microcrédito, y de los seiscientos a los 10 mil euros, para la modalidad del préstamo on line. Todo ello convierte a estos créditos instantáneos en una solución para los instantes puntuales en que nos quedamos sin liquidez, hemos de atender con emergencia algún gasto imprevisto, queremos financiar una pequeña adquiere o impulsar con una nueva inversión nuestro pequeño negocio o empresa.

Ventajas que presentan

La actual situación de crisis económica ha fomentado la proliferación de esta clase de créditos, por lo que cada vez son más numerosas las entidades financieras que los ofertan a través de Internet, con el beneficio que esto supone para el consumidor que puede escoger entre diferentes opciones creditos rapidos en lo que se refiere a las condiciones, plazos y cuotas de devolución y escoger aquella entidad que ofrece el crédito que se adapta mejor a sus necesidades específicas.

Otra de las ventajas de los créditos instantáneos es que, a diferencia de lo que suele ocurrir cuando acudimos a pedir un préstamo frente a una entidad bancaria tradicional, en este caso no poseemos que justificar el destino que vamos a entregar al dinero que solicitamos. Tampoco necesitamos efectuar desplazamientos de ningún género y podemos gestionarlo de forma cómoda desde el computador de nuestra casa. Hay que agregar que los créditos online suelen ofrecer condiciones más beneficiosas que los ofrecidos por los bancos corrientes, en cuanto a la amortización, plazos y cuotas de devolución, puesto que este producto presenta escasos gastos de tramitación y de personal para las entidades que los comercializan en línea.

Para acceder a los créditos instantáneos únicamente se exige el requisito de que el usuario que lo solicita no esté incluido en la lista y archivo de morosos elaborados por ASNEF y, todavía en este caso, hay entidades que también acceden a la concesión del crédito, aunque pueden pedirnos requisitos adicionales a los de una financiación normal y corriente.

Por todo ello, este tipo de crédito presenta múltiples ventajas para el consumidor. Basta con tener acceso a internet para poder solicitarlo, con el beneficio que supone comparar entre las diferentes entidades que ofrecen este producto hasta localizar el que mejor se adapta a nuestras necesidades específicas en cuanto a plazos y cuotas de amortización. Una vez hecha la solicitud la respuesta suele ser instantáneo, entre uno y 3 días, dependiendo de la cantidad solicitada, de forma que si se otorga se ingresa de forma directa el dinero en nuestra cuenta en este plazo.

Here’s Why The Student Loan Market Is Completely Insane – Businessweek

Senate Republicans block consideration of student loan bill – CBS News

But the administrations efforts dont address a more fundamental problem: These loans arent calibrated for risk. In other words, students from Harvard and less-prestigious regional colleges are thrown in the same bucket, despite quite different risk profiles. Under Federal Deposit Insurance Corporation (FDIC) rules governing the insurance of banks, lenders cant differentiate among schools in assessing credit risk as they do with home buyers and car owners. As a result, the government has made it difficult for banks to price to default rates, says Mike Cagney, founder of Social Finance, a socially based student lending operation known informally as SoFi. By accepting FDIC insurance, banks lose pricing flexibility and cant charge interest rates commensurate with the quality of schoolsand default rates vary widely by schools. SoFi has funded more than $650 million in loans to 7,000 borrowers since its founding in 2011. Says Cagney: The definition of a predatory lender is someone who pushes loans on an individual who cant afford to pay them back.Under that definition, many of the educational loans made today could be considered predatory. Despite other economic recoveries, including lower delinquency rates in every other type of loan (housing, auto, credit card), the problem in the student loan market is definitely getting worse. In the past few years, default rates have increased every single year: But these averages come from awidedisparity in the types of colleges people go to. For example, default rates at such places as Stanford, Duke, Carnegie Mellon, MIT, and Yale are all less than 2 percent. Not surprisingly, graduates from these schools command high salaries in the job market.
Puedes ver la version sin traducir en http://www.businessweek.com/articles/2014-06-11/heres-why-the-student-loan-market-is-completely-insane

Victim Spreads Word on Payday Loan Scam, Don’t Be Next – ABC News

PHOTO: In this stock image, a person is seen withdrawing cash from an ATM machine.

If youre a student, good luck. Casting an eye toward the midterm elections, Obama also told parents and students to watch how senators vote on the bill and urged consequences for irresponsible behavior. I want Americans to pay attention to see where their lawmakers priorities lie here, Obama said. Lower tax bills for millionaires or lower student-loan bills for the middle class. This should be a no-brainer. Sen. Lamar Alexander (R-Tenn.), who opposes the Warren bill, said in an interview that Obama and congressional Democrats are playing politics with the issue. Alexander said he wants bipartisan cooperation on the issue, pointing to a bill proposed last year that would cap interest rates at 8.25 percent. Alexander said he thinks that the Democratic bill would amount to a taxpayer subsidy of individual student loan debt. He compared the average graduates debt level of $27,000 to the price of a car. Its the best investment that a persons ever likely to make, Alexander said. They dont think twice about it when they buy a car and the car depreciates the day you drive it off the dealership. In other steps, Obama ordered the Education Department to renegotiate its contract with loan providers so they will give financial incentives to borrowers who pay their loans on time.
Puedes ver la version sin traducir en http://www.washingtonpost.com/politics/obama-extends-caps-on-student-loan-payments-to-about-5-million-people/2014/06/09/10a6ab20-efe4-11e3-9ebc-2ee6f81ed217_story.html

I asked them why they couldnt just deposit the loan money into my bank account, but the lending representative said it was against federal regulations. So, I got the card and scratched off the number on the back and read it to him over the phone. He said the funds would be available in a half-hour. Twenty minutes later, he called back and said my Social Security number was red-flagged and the money couldnt be sent. He said he could remove the red flag for $500 a figure that their lawyer later lowered to $203. At that point, I said I wanted my $195 back, but then they threatened to sue me for the balance of the loan — a loan I never received. I realize now this was a scam, and I have closed my bank account. They probably have done this to many other unsuspecting victims who are just trying to make ends meet. – Kevin Whitney, Philadelphia, Penn.
Puedes ver la version sin traducir en http://abcnews.go.com/Blotter/victim-spreads-word-payday-loan-scam-dont/story?id=24076648

Obama extends caps on student loan payments to about 5 million people – The Washington Post

Does it work for those who can hire armies of lobbyists to make sure that every single loophole in the tax code is protected for them? Or does it work for young people who are trying to get started in life?” But Republicans called the bill a “political stunt” that would do nothing to help future students. “The Senate Democrats’ bill really isn’t about students at all, its really all about Senate Democrats, because Senate Democrats don’t actually want a solution for their students, they want an issue to campaign on to save their own hides this November,” said Senate Minority Leader Mitch McConnell, R-Ky. McConnell and Sen. Lamar Alexander, R-Tenn., the top Republican on the Committee on Health, Education, Labor and Pensions, both said it also fails to address the root of the problem. “This is not a serious proposal. It’s not going to help people. College graduates don’t need a dollar a day tax subsidy to pay off their loan. They need a job…and they’re experiencing right now the worst situation for finding a job that they’ve seen in a long, long time,” Alexander said. Senate Majority Leader Harry Reid, D-Nev., however, said that the mounting student loan burden – more than $1 trillion across the economy – prevents college graduates from being able to otherwise move on with their lives by getting married or purchasing homes.
Puedes ver la version sin traducir en http://www.cbsnews.com/news/senate-republicans-block-consideration-of-student-loan-bill/

Student loan debate gets edgier

Verifying your credentials… We’re experiencing a few technical issues. Try again By submitting you agree to our Terms of Service Your Take contributions have not been reviewed for accuracy by USATODAY. Contributors agree to our Terms of Service and are responsible for the content of their videos and photos. Please report any content that violates the terms. Let friends in your social network know what you contributed on Your Take Post to Facebook Something went wrong. Try again. This contribution is a part of: Student loan debate gets edgier http://usat.ly/1pNDJBI CancelSend A link has been sent to your friend’s email address. This story is part of Barack Obama Mary Beth Marklein, USA TODAY 4:02 p.m.
Puedes ver la version sin traducir en http://www.usatoday.com/story/news/nation/2014/06/12/student-loan-debt-and-college-costs/10281691/

Loan Company Demands Payment, Family Has Proof They Already Paid – Abc News

Everyone has role in fighting loan sharks

– Jennifer Martens, North Aurora, Ill. Dear Jennifer: If Franz Kafka were alive today, we’re thinking this Ocwen story would make a nice plotline: You had your loan servicer unwittingly switched, but you paid your bills. Ocwen’s own account statements said you paid your bills, and your bank said you paid your bills and then Ocwen said you didn’t pay your bills. And then Ocwen said they could see that you did pay your bills, but they couldn’t make their computer say you paid your bills. What a headache. Seriously, though, your account was pretty screwed up. When the ABC News Fixer contacted them about the problem, Ocwen told us they had escalated the case and were urgently trying to fix it. The good news is you had plenty of documentation showing you had made your loan payments on time. It took about a month, but eventually Ocwen was able to get your account properly credited and remove the threat of foreclosure.
Puedes ver la version sin traducir en http://abcnews.go.com/Blotter/loan-company-demands-payment-family-proof-paid/story?id=23991963

CDB to Loan LDK Solar $320 Million

Since 2008, grant aid per full-time enrolled student has increased over 30 percent. Between the 2007-08 academic year and the 2012-13 academic year, federal grant aid doubled in real terms, and state grant aid increased 11 percent. [8] Pell Grant funding, which is available to income-eligible students and does not have to be repaid, has more than doubled in real terms since the 2002-03 academic year, increasing from $14.8 billion to $32.3 billion. [9] Increases in total Pell expenditures are due in large part to increases in the number of grant recipients, which has grown from 4 million during the 1992-93 academic year to 8.8 million during the 2012-13 academic year, [10] nearly doubling in the past decade. Student debt. Approximately 60 percent of students who earned a bachelors degree during the 2011-12 academic year left school more than $26,000 in debt. [11] Total cumulative student loan debt now exceeds $1 trillion, which, as is often noted, is more than cumulative credit card debt. Increases in College Costs Increases in debt have been driven by increases in college costs. In the last 30 years, inflation-adjusted tuition and fees at private colleges increased by 153 percent; tuition and fees at public universities for in-state students increased 231 percent. [12] College costs have risen more than health care costsby some estimates, twice as much [13] and faster than increases in the price of food.
Puedes ver la version sin traducir en http://www.heritage.org/research/testimony/2014/06/student-loan-servicing-the-borrowers-experience

PHOTO: A man controls a ball as he plays soccer with some friends next to a FIFA Fan Fest complex in Fortaleza, Brazil, June 8, 2014.

Businesses can do it. Even local governments can refinance their debts when interest rates are low. But most people have no options for their student loans,” Warren said in an email to supporters this week. “The idea behind this bill is simple. Last year, Republicans and Democrats came together to lower the interest rates on new undergraduate loans to 3.8%. But nothing was done for the millions of people who have older student loans at 6%, 8%, 10% and even higher interest rates. They were just stuck paying — and paying and paying.” Which is why Warren’s bill would allow people to refinance student loans under the current rates. It would also allow those who have student loan debt through private financial institutions to refinance it under the federal program, under the lower interest rates. In proposing the bill, Warren pointed to a report released by the Government Accountability Office in January which determined that based on the student loans issued between 2007 and 2012, the federal government stood to profit to the tune of $66 billion from the interest alone.
Puedes ver la version sin traducir en http://www.masslive.com/politics/index.ssf/2014/06/as_democrats_push_for_vote_on.html

Cov-lite Loan Controversy Fades To Whisper While Portfolio Managers Chase Yield – Forbes

English: The door to the walk-in vault in the ...

Now cov-lite loans are accessible for most levered issuers. In 2006 and 2007, only 24.5 percent and 32.7% percent of cov-lite issuers were rated single-B or below, compared with 57% last year, said the DDJ report. Cov-lite loans also represented a much smaller percentage of the whole during the last cycle 7.4 percent of new issuance in 2006 and 25 percent in 2007, the report said. What few argue with is the fact that cov-lite contributes to the erosion of total returns since holders lose the ability to reprice a loan when its risk profile deteriorates. Those loans in turn trade poorly and create paper losses for mark-to-market portfolios. Despite potential pitfalls, avoiding cov-lite deals altogether doesnt make sense now, especially with no near-term default catalyst, sources said. The low default expectation is in part because so few covenants are out there to trip up borrowers, and also because hardly any corporate issuers have maturities over the next few years courtesy of the flood of refinancings over the last several years. For some, the takeaway is that if youre basing your decisions on covenants, rather than credit analysis, youre going to lose, one portfolio manager said. This post is brought to you by Debtwire, a Mergermarket company and the leading provider of real-time intelligence, analysis and data on distressed debt, leveraged finance and asset-backed markets.
Puedes ver la version sin traducir en http://www.forbes.com/sites/mergermarket/2014/06/03/cov-lite-loan-controversy-fades-to-whisper-while-portfolio-managers-chase-yield/

As Democrats push for vote on Sen. Elizabeth Warren’s student loan debt refinancing bill, dozens of groups step up to endorse it | masslive.com

In turn, this may result in an increase in loan-shark harassment. A better approach would be to partner family service centres and voluntary welfare organisations to educate the public on the dangers of borrowing from loan sharks. In Britain, some primary and secondary schools include this topic in their character and citizenship syllabus. Children are also taught the difference between debt and credit, and how to manage their money wisely. The hope is that the children can share what they have learnt with their parents, who can then make better financial decisions. Of course, parents too have a role to play in educating their children not to take part in loan-sharking activities. They can remind their children of the severity of the offences and intervene if their children display signs of involvement. TV advertisements can serve a similar warning role. Perhaps there could be a documentary where former loan-shark borrowers talk about their experiences.
Puedes ver la version sin traducir en http://www.straitstimes.com/premium/forum-letters/story/everyone-has-role-fighting-loan-sharks-20140606

The company has lost a huge amount of marketshare and its billion dollar poly plant remains shut, as it is not economically viable. Improvement in technology has made this plant obsolete and the company has not been generating profits. The companys share were delisted from NYSE and the company sold equity stakes to Chinese state funds for a pittance, as it was desperate to raise cash to run operations. NoteSuntech(STP) has already become bankrupt, with most of its assets sold to Shunfeng. Bankruptcy in China remains a hazy process as state owned funds keep running even zombie companies to protect jobs. LDK Solar (NYSEARCA:TAN)was the largest solar wafer producer and had diversified into all parts of the supply chain. But increasing competition from the like of GCL Poly eroded its competitive position and its huge pile of debt made operations almost impossible.$64 millionof the loan will be used to resurrect the dead poly plant that LDK had built over the last 3-4 years. The plant never ran to even half of its capacity as price of poly went below $20/kg. LDK had no money to improve the equipment. I think it is a bad move on the part of the banks to pour more money into a company that has already defaulted on $3 billion of debt.
Puedes ver la version sin traducir en http://www.wallstreetsectorselector.com/investment-articles/analyst-desk/2014/06/cdb-loan-ldk-solar-320-million/

Rlpc-rosneft Loan Going Ahead Despite Uk Banks’ Exit – Bankers | Reuters

Home loan basics for first timers | Free Malaysia Today

Couple in New Home Taking Picture of Themselves with Cell Phone

Rosneft and London-based BP, via a specially created company, are trying to complete the financing which is backed by the Russian group’s future oil production. Rosneft, BP and Lloyds declined to comment while HSBC could not immediately be reached for comment. Lloyds is 25 percent-owned by the British government, which has repeatedly condemned Russia over its annexation of Crimea in March and accused it of involvement in a separatist rebellion in eastern Ukraine. Moscow denies the charges but Rosneft chief Igor Sechin has been hit by U.S. sanctions as part of a broader move to punish Russia for its seizure of Crimea from Ukraine. The loan was launched to banks in late November at $5 billion but progress has been slow and it was reduced to up to $2 billion in April. Bankers said the deal still has enough support from lenders to go ahead despite the loss of Lloyds, which walked away this week followed by HSBC. “All the other banks are still in the deal, I don’t think it will have any impact, we are surprised they were there in the first place,” a second banker said. In April Royal Bank of Scotland, which is 80 percent owned by the British government, also walked away from a $1 billion club loan for Russian petrochemicals company Sibur. Bankers are watching to see whether Deutsche Bank will continue to support the deal but said the lender was not under the same political pressure as British banks. Germany, which is a major importer of Russian natural gas, has often been more cautious towards Moscow than Britain, which gets most of its gas from the North Sea and Qatar.
Puedes ver la version sin traducir en http://www.reuters.com/article/2014/06/05/idUSL6N0OM3HS20140605

Cov-lite Loan Controversy Fades To Whisper While Portfolio Managers Chase Yield – Forbes

English: The door to the walk-in vault in the ...

These days, more and more banks are moving towards semi-flexi loans, with some offering to waive maintenance fees and advance payment notices. whilst maintaining attractive interest rates. Keep in mind that not all of the offers are in black and white and details could vary depending on your income and credit score. Always double check with the loan officer and dont be afraid to ask for extra privileges. Remember: if you dont ask, you dont get. Regardless of which type of loan you choose, make sure its really the right one for you because youll be subject to a lock-in period with your lender for two to three years. This means you will not be able to refinance your property with another bank, nor settle your loan in full. Doing so will usually incur a 2-3% penalty based on your initial property financing. Other costs to note Purchasing a property can come with hidden costs.
Puedes ver la version sin traducir en http://www.freemalaysiatoday.com/category/money/2014/06/05/home-loan-basics-for-first-timers/

How to Get Approved For a Car Loan with Bad Credit and No Cosigner? – Business Updates – Dacula, GA Patch

Many veteran loan managers once fixated on preserving covenant culture have surrendered to the new environment as the need to put money to work outweighs hunger for tighter loan structures. We just have to stick to our basics and do our credit work, one portfolio manager commented. The market is what it is and we have to go with whats out there. Still, its a matter of debate as to whether the superior performance of cov-lite loans during the 2007-08 default cycle is repeatable. Cov-lite apologists rely on data from that cycle showing that first lien cov-lite loans defaulted at a lower rate than the overall market, and, when they defaulted provided better recoveries, according to a special report published by DDJ Capital Management , citing data from Moodys Investors Service and S&P Leveraged Commentary & Data . But a host of factors imply that the market should not necessarily expect a repetition in the next cycleof any superior performance stats the 2008 cycle spawned, and that isolating a cov-lite effect is virtually impossible, several investors noted in interviews with Debtwire . For one, the drastic central bank intervention in the financial system beginning in 2008 quickly stabilized then helped improve the economy. That action, which helped cut off distress before it pushed more levered companies into restructuring, is unlikely to be repeated in future cycles. The differences between then and now also include the quality of the cov-lite component of the market which has broadened substantially.
Puedes ver la version sin traducir en http://www.forbes.com/sites/mergermarket/2014/06/03/cov-lite-loan-controversy-fades-to-whisper-while-portfolio-managers-chase-yield/

Student Loan Servicing: The Borrower’s Experience

Loans can now be insured so the fear of bankruptcy has reduced. Get Guaranteed Approval on Pre-Approved Car Loans for Bad Credit In order to avail a loan one must know how to get approved for a car loan. A loan provider will ideally ask for the financial status of a person based on which he will sanction a loan to the applicant. In case of students there is not financial status available. In such cases the student has to be registered with a college or university and based on the chances of employment loans are given to students. There has been an increasing craze among students to become car owners. However in general students need to have pre approved auto loans for bad credit if they have to avail a loan. This is because they have no credit worthiness and banks are not ready to give them loans. However finance companies operating on the internet can give loans on the basis of their employment potential. Steps of availing a car loan with bad credit history The major steps which can show how to get pre approved for a car loan are: The loan seeker needs to find an internet based finance company that disburses pre approved car loans for bad credit. The loan seeker must also contact a lawyer who can highlight the minimal credit worthiness of the person applying for a loan.
Puedes ver la version sin traducir en http://dacula.patch.com/groups/business-updates/p/how-to-get-approved-for-a-car-loan-with-bad-credit-and-no-cosigner

In 2014, the $33 billion Pell Grant program provided grants to 9 million college students, making it the largest share of the federal education budget. [14] Congress grew the Pell Grant program in 2007 by expanding eligibility and funding, resulting in a doubling of the number of Pell recipients since 2008. In order to control higher education spending, Pell Grant funding should be targeted to the low-income students the grants were originally intended to help. In addition, as long as the federal government finances federal student loans, it should use fair-value accounting practices to get an accurate measure of what these programs are costing taxpayers, to ensure the loans use a non-subsidizing interest rate. Fair-Value Accounting In a report released last month, the Congressional Budget Office (CBO) calculated that the four largest federal student loan programsSubsidized Stafford Loans, Unsubsidized Stafford Loans, PLUS Loans, and Parent PLUS Loanswill cost taxpayers money, not result in a net gain (a negative subsidy) for the federal government as is often claimed. While the report states that the four loan programs will yield a savings of about $135 billion from 2015-24, CBO calculates in the same report that using fair-value accounting measures, the four loans would actually have a net cost of $88 billion over the next 10 years, not including administrative costs. In other words, the four largest student loan programs represent an $88 billion taxpayer-financed subsidy. [15] CBO explains the utility of using a fair-value accounting model to fully understand the cost of federal lending, noting that The government is exposed to market risk when the economy is weak because borrowers default on their debt obligations more frequently and recoveries from borrowers are lower. [16] Fair-value estimates take this market risk into account, and as a result, are a more accurate reflection of the cost of federal student loans. Congress should not expand federal student loans without requiring that fair-value accounting be used to calculate the cost of those loans. Any loan program should use a non-subsidizing interest rate, e.g., the rate at which the program breaks even; absent fair-value accounting, it is impossible to tell the extent to which the student loan programs are providing a subsidy to borrowers.
Puedes ver la version sin traducir en http://www.heritage.org/research/testimony/2014/06/student-loan-servicing-the-borrowers-experience

CDB to Loan LDK Solar $320 Million

The companys share were delisted from NYSE and the company sold equity stakes to Chinese state funds for a pittance, as it was desperate to raise cash to run operations. NoteSuntech(STP) has already become bankrupt, with most of its assets sold to Shunfeng. Bankruptcy in China remains a hazy process as state owned funds keep running even zombie companies to protect jobs. LDK Solar (NYSEARCA:TAN)was the largest solar wafer producer and had diversified into all parts of the supply chain. But increasing competition from the like of GCL Poly eroded its competitive position and its huge pile of debt made operations almost impossible.$64 millionof the loan will be used to resurrect the dead poly plant that LDK had built over the last 3-4 years. The plant never ran to even half of its capacity as price of poly went below $20/kg. LDK had no money to improve the equipment. I think it is a bad move on the part of the banks to pour more money into a company that has already defaulted on $3 billion of debt. The company should be sold off to other more capable companies, which can make use of the capital equipment.
Puedes ver la version sin traducir en http://www.wallstreetsectorselector.com/investment-articles/analyst-desk/2014/06/cdb-loan-ldk-solar-320-million/