Financial News Headlines

How do you qualify for a portfolio loan?

August 25th, 2011

Qualifying for a portfolio loan is easier than qualifying for most standard loans. These loans do not need to meet the conforming standards of institutions like Fannie Mae and Freddy Mac since the lender does not intend to sell the loans. As a result, portfolio loans can be extended to borrowers with low down payments or low credit. This means that the loans are high risk. They will be expensive to obtain. The expense is worth the risk only if the borrower has reason to believe that he or she can easily repay the loan and will not qualify for a conforming loan.

Tags: Loan, Portfolio Loan

Posted in Business Tips | No Comments »

Bankruptcy — Should You List Your Potential Lawsuits?

August 25th, 2011

Sometimes when we file bankruptcy we are doing it because of the wrongdoing of someone else. Maybe a drunk driver ran a red light and hit us and we can’t work. Maybe a debt collector called our work and got us fired.

Any potential lawsuit we have should be listed in our bankruptcy papers. If we don’t list them, then we may have lost the right to bring the suit forever.

Here is the concluding paragraph to a good short post by David Leibowitz:

So if you are filing a bankruptcy case, list all your assets. And that includes all lawsuits you have against anyone for anything. It includes any claims you have even if you don’t know what their worth. I

Read more…

Tags: Bankruptcy, Bankruptcy Should

Posted in Financial News | No Comments »

Investing with Emotion Losing Bet, Experts Say

August 24th, 2011

Gold fever is nothing new among investors, but gold’s wild post-recession swings are attracting more attention, particularly from people who have yet to gain a position in the gold market. The question for gold, as it is with any other investment, is whether now is a good time to buy, and experts remind these investors that making this decision without emotion is what it is most important. If an investor buys because he or she feels like she is missing the boat, that person is investing for the wrong reasons. The market is and will always be unpredictable and the safest bet is one made based on research and knowledgeable advice. For more on this continue reading the following article from The Street. < Read more…

Posted in Financial Titles | No Comments »

Social Security IRA

July 27th, 2011

As experts debate potential changes to Social Security to improve is deteriorating financial situation, one of the ideas thats been offered is that of a Social Security IRA. I first read about it when it was mentioned by the founder of the Association of Mature American Citizens in the wake of the news that the AARP was in favor of changes to Social Security. AMAC said that in order for them to support increasing the full benefit age from 66 to 69, they would require the mandatory offering of a Social Security IRA.

What exactly is this Social Security IRA? It sounds a lot like the privatization of Social Security (which was a red hot political term for many election cycles), by putting it into an IRA and letting the wage earner direct the investments.

Read more…

Tags: Ira, Security Ira, Social Security, Social Security Ira

Posted in Financial News | No Comments »

Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB 14 January 2010

July 26th, 2011

Introductory statement with Q&A

Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our first press conference in 2010. Let me take this opportunity to wish you all a Happy New Year. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by Commissioner Almunia.

Based on its regular economic and monetary analyses, the Governing Council decided to leave the key ECB interest rates unchanged. The current rates remain appropriate. Taking into account all the information and analyses that have become available since our meeting on 3 December 2009, price developments are expected to remain subdued over the policy-relevant horizon. T Read more…

Tags: President, President Ecb

Posted in Financial News | No Comments »

July sweeps for Memphis show two TV stations dominating six key time periods

July 26th, 2011

Mirroring the broiling temperatures outside, the ratings tug-of-war between WMC-TV Channel 5 and WREG-TV Channel 3 heated up during the summer with both stations divvying up the spoils for July sweeps.

For the period ending Wednesday, WMC and WREG each won three time slots and tied twice for news programming.

According to preliminary figures released today WREG-TV Channel 3 came out on top in the early morning, midday and afternoon slots, winning the periods at 5:30 a.m., noon and 4 p.m. NBC-affiliate WMC-TV Channel 5 swept the race for evening news coverage, winning the 5, 6 and 10 p.m.

Read more…

Tags: July Sweeps, Stations

Posted in Business Tips | No Comments »