Big Financial Leaps For Small Enterprises

Forbes 2011 financial report came out with some very interesting news and surprising unheard of companies that really rocked the financial world. Many huge conglomerate companies that we all expect to really be on top of the financial reports were actually reporting slow lending, losses and basically overall poor results. Even with some of the poor and unexpected reports there was some interesting news that surfaced.

The Mexican billionaire Ricardo Salinas is considering bringing his micro-lending business to the United States where he will focus on lending to women. Salinas stated "Because 85 percent of women owned businesses can be considered micro enterprises that a well managed micro financing program would be a great asset. Personal Loans Pro is yet another surprise that hit reports primarily due to its diversity of providing nationwide assistance to people that have bad credit but their Online Personal Loans program is also designed to provide people with the best interest rates found nationwide. Providing nationwide services and instant online application processing definitely provides convenience and outstanding results.

Sunday May 24, 2015 Finance Comments Off on Will marijuana decriminalization end the racial grass gap?

Will marijuana decriminalization end the racial grass gap?

Many cannabis enthusiasts saw it as another reason to light up: in a span of three days, the Cook County states attorney and the Illinois house both took steps to reduce penalties for marijuana possession.

But in some parts of Chicago, people were still getting busted for pot. Police made at least 212 arrests for misdemeanor possession that week, a rate of 30 per day, according to Chicago police data. More than 90 percent were in predominantly black neighborhoods.

Amid a national debate on race and the criminal justice system, the politics of pot are clearly blowing in a new direction. Simply put, its no longer wise for an elected official to call for cracking down on low-level...

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Thursday, May 14th, 2015 School Loans Comments Off on Will marijuana decriminalization end the racial grass gap?

Tools of behavioral finance can complement regulation

The following are remarks given by Thomas M. Selman, executive vice president for regulatory policy for the Financial Industry Regulatory Authority Inc., at the LIMRA/LOMA 2015 Regulatory Compliance Exchange in Arlington, Va., on March 18.

On March 30, 1980, the rock-and-roll band Van Halen held a concert in the gymnasium of the University of Southern Colorado as part of its Party til You Die Tour. Following the concert, the university hosted a dinner for Van Halen, with linens and silverware. According to university officials, the band proceeded to act like a bunch of animals. They ate the lasagna with their hands, threw the food around the room, smashed the food on the walls and each...

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Thursday, May 14th, 2015 Finance Comments Off on Tools of behavioral finance can complement regulation

Mortgages become more available

Mortgages continue to loosen their tight restrictions while maintaining historically low interest rates. Thats very good news for homebuyers and sellers in todays market.

Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association as quoted in an MBA news release. The MCAI increased 2.3 percent to 121.4 in March.

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit. The index was benchmarked to 100 in March 2012.

A number of factors contributed to a loosening of credit in March: Freddie Macs...

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Thursday, May 14th, 2015 Refinance Loans Comments Off on Mortgages become more available

Tree.com Downgraded by Zacks to "Hold" (TREE)

Zacks downgraded shares of Tree.com (NASDAQ:TREE) from a buy rating to a hold rating in a research note released on Friday morning.

Zacks analyst wrote, LendingTree, Inc. is an online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. It provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans and credit cards. LendingTree also provides brokerage that matches residential home buyers interested in newly constructed homes with builders. The Companys brands include LendingTree, GetSmart, LendingTree Education, LendingTree Autos, LendingTree Home Pros, and InsuranceTree....

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Thursday, May 14th, 2015 Refinance Loans Comments Off on Tree.com Downgraded by Zacks to "Hold" (TREE)

7 things to know about refinancing credit card debt

By Andrew Housser

Many people find themselves burdened with credit card debt at some point in their lives. It might happen because of unexpected home expenses, large medical bills or because they were caught off guard in an emergency, without a financial cushion. For some people, spending beyond their means left them with big bills. Sometimes, new college grads find themselves owing.

No matter how it happens, the challenge is getting out of debt. The idea of refinancing credit card debt into a fixed, amortizing installment loan might be appealing. How do you know if this option is right for you? Ask yourself these seven questions.

1. Are you juggling multiple payments...

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Wednesday, May 13th, 2015 Refinance Loans Comments Off on 7 things to know about refinancing credit card debt

Refinance Trends: What Are Today’s Most Popular Refi Loans?

Refinance Trends: What Are Todays Most Popular Refi Loans?

Refinance Volume Hits Multi-Year High

Current mortgage rates are dropping.

Since the start of 2014, mortgage rates of all types have been on steady decline. Conventional 30-year fixed rates loans have dropped approximately 87.5 basis points (0.875%) and 15-year fixed-rate loans have dropped close to 60 basis points (0.60%).

Mortgage rates for refinances are near an all-time low and with millions of US homeowners in the money to refinance, there is ample opportunity to take advantage of todays low rates.

In the money means that your current mortgage...

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Wednesday, May 13th, 2015 Refinance Loans Comments Off on Refinance Trends: What Are Today’s Most Popular Refi Loans?

Federal rule-making panel OKs plan to expand income-based repayment program

WASHINGTON — A federal rule-making panel on Thursday approved a proposal that would allow many existing federal student loan borrowers to lower their monthly payments and qualify for loan forgiveness sooner.

Negotiators on the US Department of Educations rule-making committee reached consensus on a proposal to create a new income-based repayment program that is available to all federal direct loan borrowers regardless of when they took out their loans.

The new plan would largely mirror the terms of the governments existing income-based repayment with the most generous benefits. It would allow borrowers to cap monthly payments at 10 percent of their discretionary income...

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Wednesday, May 13th, 2015 School Loans Comments Off on Federal rule-making panel OKs plan to expand income-based repayment program

‘We’ve Lost Our Way Morally': Mike Huckabee Announces Run for President of …

I love the flat tax idea. Everyone should be taxed the same and the rich get no breaks. But, aren’t we striving to be rich? I have to add, we need to put money back into schools. Not the teachers or Admin but to the students like vocational skills, computers and more money for school loans or grants. Term limits on congress and also they work for free. No extra perks and benefits. My brother is a vet, we need to give them more.
We have some great ideas here but what candidate is going to stick his or her neck out to make changes, NONE. Obama promised change but we got nothing.

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Tuesday, May 12th, 2015 School Loans Comments Off on ‘We’ve Lost Our Way Morally': Mike Huckabee Announces Run for President of …

Weekly Refinance Activity Falls But Purchase Applications Rise

Chicago, IL (PRWEB) May 07, 2015

Lenders like Peoples Home Equity were disappointed on Wednesday to see that the mortgage applications declined -4.6% for the week ending on May 2nd.

As shown on TradingEconomics.com weekly mortgage applications fell for the second consecutive week, falling -2.3% last week to -4.6% this week. This was the largest weekly decline in applications since January 2015. The culprit seems to be interest rates as the average 30-year fixed rates increased from 3.85% from April 24th to 3.93% on May 1st. CNBC mentioned on March 6th in an article titled ” “Weekly mortgage applications drop 4.6% on higher rates” that “Refinances,...

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Tuesday, May 12th, 2015 Refinance Loans Comments Off on Weekly Refinance Activity Falls But Purchase Applications Rise

Sixteen colleagues at NYC office win $58 million Mega Millions jackpot

A group of co-workers at a firm that manufactures macular degeneration medications suddenly have a much brighter future.

The Lucky 16 Trust, 16 colleagues in the Manhattan office of Ophthotech, a biopharmaceutical company, won the $58 million Mega Millions jackpot March 24, it was announced Thursday

New York Lotterys Yolanda Vega presented the winners with an oversized check for $58 million — designed for photo ops — Thursday morning at One Penn Plazas Carlton Cards, where the winning ticket was purchased.

There was a lot of energy, in the Ophthotech conference room after the drawing when participants realized they had won, said Matthew Jung, a member...

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Tuesday, May 12th, 2015 School Loans Comments Off on Sixteen colleagues at NYC office win $58 million Mega Millions jackpot