Category Archives: Finance
With the use of mortgages amounting from sixteen failed banks, the Federal Deposit Insurance Corp. managed to close $409m securitization. A wide variety of different organizations made up the bulk of the investors in this case, and the result is the first time in this financial crisis that the FDIC has sold assets in securitization. [...]
Due to the economic downturn, many smaller brokerages are suffering from the pangs of bankruptcy. With the increase in foreclosures and bankruptcies for less stable companies, it seems that even Jesup and Lamont are not immune to the economic effects. Jesup & Lamont Inc. is a small brokerage firm that was first founded in 1877. [...]
With the coming of the recession between this year and the previous, the country has been hit hard with a loss of jobs and many other incidences. In the same news, the US economy is seemingly at risk with the rate of foreclosures going up by a very shocking rate. Although in previous years, the [...]
All three credit reference agencies in the UK have now conformed with a Labour government initiative to make statutory credit reports available to consumers online. Previously this industry standard credit report was only available in a paper format for a nominal £2 fee often taking upto a week or more to arrive by post. In [...]
For many in these times of recession and global economic debt, both national and personal, crisis any small help to ease the burden is welcome. Earlier in the year the new credit card joint industry agreement was drawn up and comes into effect in January 2011. In a move to hold up their brand ambition [...]
Having a car itself isn’t just a one time payment thing, even if you aren’t paying on installments. Along with regular maintenance, and fixes when the car is down, auto insurance has proven to be something that has drained the consumer pocket from time to time. If you are wondering whether you are paying a [...]
With mortgage rates at a 50 year low figures indicate that Mortgage refinance business made up 77% of last weeks mortgage business up 3% from the previous week. A lack of invester confidence saw money moved into Treasury Bonds causing their yeilds to fall and with it interest rates. The lack of invester confidence is [...]
In a few days time on 1st July the US Treasury’s next directive under their HAMP (Home Affordable Modification Program) program will come into effect and is aimed at helping unemployed people stop foreclosure. The Home Affordable Unemployment Program (UP) announced in March will help those who have found themselves unemployed re negotiate or even [...]
Provident Bank is proud to announce that Ruben Muniz, has joined the bank as the Vice President, MIS Officer. In this position, Muniz will help devise and implement new strategies for management information reporting using state-of-the-art business intelligence software tools and systems. With nearly 30 years of professional experience, Mr. Muniz brings a wealth of [...]
In march 2009 the Obama administration introduced Mortgage Loan Modification in an effort to reduce the number of foreclosures in the US. Since then more than 250,000 homes have been saved from foreclosure under the Mortgage loan modification scheme. Figures from the Treasury say that an increased number of people fell out of the trial [...]