| 125% Home Equity Loans Now Close Concurrently with a 100% First-Second Mortgage Refinance from BD Nationwide
BD Nationwide Mortgage introduces the "125% Home Equity Refinance Loan Combination" for refinancing 1st and 2nd mortgages into a new 100% first mortgage with a 125% home equity loan that funds simultaneously. The latest home equity product from BD Nationwide helps homeowners refinance their adjustable rate mortgage to 100% loan-to-value and enables them to consolidate additional consumer debt like revolving credit cards and unsecured high rate loans with a 125% second mortgage. On average, borrowers are saving $800 a month with 1st-2nd combo loans that were clearly created to convert and consolidate adjustable rate mortgages into fixed rate no equity loans that maximize savings. .
TRX Integrates RESX Online Booking Site with TRAVELTRAX Data Reporting
TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced it is incorporating the innovative travel data reporting functionality of its TRAVELTRAX(SM) application into the RESX(R) corporate online booking engine. RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface. TRAVELTRAX is a Web-based travel data reporting platform featuring simple and visual dashboard reporting. By integrating the two applications, RESX will provide agency distributors and corporate accounts with enhanced reporting. Travel managers and system administrators will improve their ability to monitor travel and expense trends through executive dashboards and detailed, traveler-level data.
Weighing options of credit card debt consolidation effort
D ear Debt Adviser: I have consolidated all of our credit card debt onto two credit cards with APRs of 4.99 percent and 2.99 percent until it is paid off. My husband wants us to take out a loan with the bank so that we are making set monthly payments, even though the interest rate would be considerably higher, possibly around 11.25 percent. I have tried to explain to him that we would be paying more money that way, but he does not understand. Can you explain it in a way he can understand or am I somehow looking at this wrong? -- Susan Dear Susan: I can tell who's the most fun at your house. You clearly like an unstructured approach that allows for side trips when something interesting comes along. The old "ball and chain" likes a direct approach with few unknowns and a clear end to the journey.
Advent Raises Largest-Ever Private Equity Fund for Latin America
Advent International, one of the world's leading global buyout firms, today announced the final close of its Latin American Private Equity Fund IV at the cap of $1.3 billion, making it the largest private equity fund ever raised for investment in Latin America. LAPEF IV exceeded its target capitalization by 30% and attracted over $2 billion of interest from institutional investors. The new fund brings Advent's total capital raised for the region to $2.2 billion. .
Pair of state-chartered banks being organized
A group of investors that includes former Gov. John H. Sununu is now in the process of organizing a new community bank that will serve the Seacoast region and southern Maine, the group's lead organizer said. And another group of bank backers wants to establish state-chartered The Nashua Bank in Nashua. The Seacoast bank, once it is set up, will be known as the Optima Bank and Trust Co. and have its headquarters at Two Harbour Place in Portsmouth. The institution is now going through the regulatory approval process before the New Hampshire Banking Department and the Federal Deposit Insurance Corp. However, organizers are hopeful they'll soon be able to sell shares in the new endeavor, and the bank could be open as soon as this fall. "There has been a lot of consolidation in the banking business in New Hampshire.
How to pay off student loans
Karen Wons of Maryland finds herself in a quandary that is confronting many parents right now.
She is struggling with how best to advise her daughter - a recent college graduate - on paying down her $25,000 in student loans.
Wons did what any wise parent would do. She asked for help.
Here's the back story. Wons' daughter works as a project manager at a medical software company. She has an annual salary of more than $50,000.
Her employer provides a 401(k). She has about $13,000 in cash from recently redeemed Series EE savings bonds. She has no credit card debt. She has no payments on a reliable car with low mileage. She's sharing an apartment and other living expenses with an older sister in Madison, Wis. Her portion of the rent is just more than $500 a month.
Poll: Spitzer Wrong on Bruno, Right on Albany
This is interesting. In a Siena poll out today, 51 percent of respondents said they believe Eliot Spitzer knew what his aides were up to when they tried getting state police to gather information about Joe Bruno. But even more of them - 58 percent - say Spitzer “is committed to reforming Albany." .
Promise Offers $1 Billion for Lender Sanyo Shinpan (Update3)
July 26 (Bloomberg) -- Promise Co. offered to buy rival Sanyo Shinpan Finance Co. for as much as 120 billion yen ($1 billion) in cash to create Japan's largest consumer lender after the government capped interest rates to protect borrowers. Promise offered 3,623 yen a share for the 75 percent of Sanyo Shinpan's stock traded on the market, it said in a statement to the Tokyo Exchange. It agreed to buy the remainder of Sanyo Shinpan from the family of Chairman Masakazu Shiiki for an undisclosed price. Sanyo shares closed today at 3,650 yen. The takeover will create a lender with more than 2 trillion yen of outstanding loans and may trigger more mergers in an industry racked by mounting claims for interest refunds. Promise and rivals in Japan's $170 billion consumer credit market have seen profits evaporate after the government and courts cracked down on excessive interest charges.
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