Archive for May, 2009

Fed's Kohn says rates likely to stay low for some time (Reuters)

Saturday, May 23rd, 2009

Reuters - The U.S. Federal Reserve is likely to keep benchmark interest rates near zero for a while in an economy that is pulling out of a steep decline and appears on course for a very gradual recovery, Fed Vice Chairman Donald Kohn said on Saturday.Source:Fed's Kohn says rates likely ...

Things You Can Do In Case You Are Refused For A Mortgage

Saturday, May 23rd, 2009

Have you been turned down when shopping for a mortgage loan? It can be really disheartening getting rejected applying for a mortgage loan. You’ve done your best to apply but when the verdict came, you got denied. According to an estimate, around half of all mortgage applications in the United ...

Positive data needed to lift stocks (Reuters)

Saturday, May 23rd, 2009

Reuters - Wall Street may feel more pressure next week unless a raft of economic data, includingSource:Positive data needed to lift stocks (Reuters)

Obama signs mortgage bill into law (AP)

Saturday, May 23rd, 2009

AP - President Barack Obama said homeowners facing foreclosure would have a second chance under a measure he signed into law on Wednesday, but he added consumers still must live within their means.Source:Obama signs mortgage bill into law (AP)

Bernanke: crisis has 'dominated my waking hours' (AP)

Friday, May 22nd, 2009

AP - Federal Reserve Chairman Ben Bernanke on Friday said that battling the worst financial crisis to hit the United States since the 1930s has "dominated my waking hours" for the last 21 months.Source:Bernanke: crisis has 'dominated my waking hours' (AP)

AIG looks to spin off Asian insurance unit (AP)

Friday, May 22nd, 2009

AP - American International Group is planning to spin off its Asian life insurance unit in an initial public offering as the faltering U.S. company seeks to repay billions in government bailout funding.Source:AIG looks to spin off Asian insurance unit (AP)

Senate nears finishing $91.3 billion war funds bill (Reuters)

Friday, May 22nd, 2009

Reuters - The U.S. Senate on Thursday backed extending $108 billion in credit lines to the International Monetary Fund to help countries mired in the world economic crisis.Source:Senate nears finishing $91.3 billion war funds bill (Reuters)

Fed mulled increasing debt purchases in April (Reuters)

Friday, May 22nd, 2009

Reuters - The Federal Reserve said on Wednesday it saw modest improvements in the U.S. economy last month, but it still saw big risks and left open the possibility of increasing its purchases of mortgage-related and government debt to keep credit flowing and spur recovery.Source:Fed mulled increasing debt purchases in ...

An individual voluntary arrangement or Simple individual voluntary arrangement? Interesting Facts to Remember

Friday, May 22nd, 2009

First we had the iva (Individual Voluntary Arrangement) also through we have the SIVA (Simple Individual Voluntary Arrangement), or Simple IVA (Individual Voluntary Arrangement). The SIVA is likely to displace the existing aspect of IVA(Individual Voluntary Arrangement). Here we outline the major differences between the two and how bodily entrust ...

Who Will Guide You Through Your Bankruptcy Problems?

Thursday, May 21st, 2009

A Bankruptcy Lawyer In Miami can advice you on which chapter needs to be filed for your case in court. Bankruptcy case filing is a complexed process and you should consult a lawyer who has the necessary skills and training required to guide you through it. Always get advice ...