| Suthers backs state's colleges in wrangle
The Colorado attorney general's office on Thursday called probes into agreements between student-loan consolidation companies and state universities nothing more than a "fishing expedition" by the New York attorney general. "If the New York attorney general has some evidence that something illegal has occurred, he certainly hasn't shared that with our office," said Nate Strauch, spokesman for Colorado Attorney General John Suthers. "We have no reason to believe that any wrongdoing has occurred." Officials with Colorado State University and the alumni foundations at CSU and the University of Colorado at Boulder say they have not violated the law. This week, New York officials announced an agreement with the student loan company Nelnet, which had relationships with the CSU and CU-Boulder alumni associations.
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. .
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.
Student loan options are baffling to family
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. Wons's 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 a little more than $500 a month. Wons is unsure about the course her daughter should take: Should the daughter consolidate her college loans during her six-month grace period? (She has federally backed Stafford and Perkins loans.) Should she use the entire $13,000 to pay down the loans or keep making monthly payments to take advantage of the interest deduction? Should she invest all of the $13,000? While paying on the loans, should she contribute to her 401(k)? Let's take the consolidation question first.
MortgageBrokers.com announces the expansion of its brand presence through opening new retail locations across Canada
MortgageBrokers.com Financial group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR - News) announced that the company through it's Managing Partner, opening of 2 new retail locations under the MortgageBrokers.com flag in Toronto, Ontario. These latest retail store front opening continues the company's expanding brand presence through store front retail locations across Canada. .
Credit Repair Secrets
At least, that's how many hits I got when I Googled the phrase "credit repair secrets." Most of these, as far as I could tell, offered e-books or services promising quick solutions to bad credit problems. Many hinted at "secrets" that the credit bureaus "don't want you to know." As if Experian and Equifax (NYSE: EFX - News) actually delight in lousy credit ratings! (They don't care either way, as far as I know -- they just try to be accurate.) Many of the services seemed like the kind that Fool Dayana Yochim wrote about a couple of years back -- high-fee, aggressively sold "debt consolidation" services that might or might not end up helping your credit rating. One in particular stood out, though. This outfit (I'm not going to name it) offered guaranteed increases in your FICO score for an up-front fee -- 50 points for $499, 100 points for $999 -- with an ongoing maintenance fee of $10 a month.
(AFX UK Focus) 2007-08-02 09:30 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST
2007-08-02 08:31:40 News Corp revives Sky Italia IPO plan - report MILAN (Thomson Financial) - News Corp has revived the idea of listing its satellite pay-TV unit Sky Italia on the Milan bourse, in an operation which could value the company at 3.3 bln eur, the Il Sole 24 Ore daily said in an unsourced report. 2007-08-02 08:28:51 Deutsche Boerse July turnover up 105 pct yr-on-yr to 237.4 bln eur FRANKFURT (Thomson Financial) - Deutsche Boerse AG said turnover on both its Xetra trading platform and on its trading floor in July was 237.4 bln eur, representing a 105 pct increase from the same period last year. 2007-08-02 07:57:13 Taiwan's KGI Securities ratings affirmed on improved revenue diversity - Fitch MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Taiwan's KGI Securities Co Ltd's ratings with a stable outlook reflecting KGI's improved revenue diversity by products and geography, operational efficiency in brokerage, relatively sophisticated risk management, and adequate liquidity and capitalisation.
|
