Financial Post- Personal Financial Resources

Lehman receives OK to delay disclosure statement

Fri, 19 Mar 2010 19:27:39 +0000

Tulsa’s Bankrupt Arrow Trucking Goes On The Auction Block
Tulsa’s Arrow Trucking, which owes $98 million to its creditors, put its inventory on the auction block Thursday. The bankruptcy attorney says only the sale of seven trucks from the estate will go towards the bankruptcy. Arrow Trucking CEO: ‘No Knowledge’ Of Financial Troubles

Read more on News On 6 Tulsa

Baseball’s Dykstra sues JPMorgan for $100 million
NEW YORK (Reuters) – Lenny Dykstra filed a $100 million lawsuit against JPMorgan Chase & Co alleging he was fraudulently induced into borrowing more money than he could afford, leading to the former star baseball center fielder’s bankruptcy.

Read more on Washington Post

Lehman receives OK to delay disclosure statement
NEW YORK (Reuters) – A U.S. bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.

Credit scores can drop after loan mods

Fri, 19 Mar 2010 18:48:42 +0000

Movie review: Repo Men *
By ROGER MOORE ORLANDO SENTINEL In a future where a bankrupt government has at long last ceded all power to corporations, none is more powerful than “The Union.” As companies go, The Union is today’s nightmares writ large – a for-profit healthcare company that operates like a mortgage or car loan specialist. What they’re pitching is health, longevity, life itself. The Union makes artificial …

Read more on The Toledo Blade

Movie review: Gore chops the heart and wit out of health-care satire “Repo Men”
In a future where a bankrupt government has at long last ceded all power to corporations, none is more powerful than “The Union.” As companies go, The Union is today’s nightmares writ large — a for-profit health-care company that operates like a mortgage or car-loan specialist.

Read more on Denver Post

Credit scores can drop after loan mods
Goverrnment program promising help can carry penalty

CBO: AIG, Auto Maker Bailouts To Cost US Taxpayer $70 Billion

Fri, 19 Mar 2010 18:31:50 +0000

Santander Consumer USA Makes Auto Loan Processing a Snap with TARGUSinfo
Leading Non-Prime Auto Financer Adds On-Demand Verification to Minimize Risk and Expedite Consumer Auto Loans for 12,000 Car Dealers and its Online Brands (PRWeb Mar 18, 2010) Read the full story at http://www.prweb.com/releases/TARGUSinfo/SantanderConsumerUSA/prweb3742604.htm

Read more on PRWeb

Santander Consumer USA Makes Auto Loan Processing a Snap with TARGUSinfo
Leading Non-Prime Auto Financer Adds On-Demand Verification to Minimize Risk and Expedite Consumer Auto Loans for 12,000 Car Dealers and its Online Brands

Read more on PRWeb via Yahoo! News

CBO: AIG, Auto Maker Bailouts To Cost US Taxpayer $70 Billion
CBO: AIG, Auto Maker Bailouts To Cost US Taxpayer $70 Billion

Brewing tensions between the Tea Party and GOP

Fri, 19 Mar 2010 18:31:28 +0000

Hacker Disables More Than 100 Cars Remotely
A former employee of an Austin, Texas, auto dealership is charged with computer intrusion, after a web-based vehicle-immobilization system is used to kill at least 100 cars and trigger their horns honking out of control.

Read more on Wired News

Ex-Employee Wreaks Havoc on 100 Cars — Wirelessly
More than 100 car owners in and around Austin, Texas recently discovered that their cars wouldn’t start. Or that their horns wouldn’t stop honking — all night long. Or that their vehicle leases were suddenly (and luckily, temporarily) transferred to deceased rapper Tupac Shakur.

Read more on PC World via Yahoo! News

Brewing tensions between the Tea Party and GOP
Some Tea Partiers say they can pinpoint the precise moment when they made it clear to the Republican Party they had no intention of being its lapdog.

RBA: 4 rate rises, banks: nearly 5

Fri, 19 Mar 2010 18:28:02 +0000

Mortgage Rates Stay Below 5 Percent
Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows. The average rate on a 30-year fixed rate mortgage edged up to 4.96 percent this week from 4.95 percent a week earlier, the mortgage finance company Freddie Mac said Thursday.

Read more on The Lakeland Ledger

U.S. mortgage interest rates up slightly
WASHINGTON, March 18 (UPI) — Average interest rates for 30-year, fixed-rate mortgages rose slightly in the week ending March 18, the U.S. Federal Home Loan Mortgage Corp. said.

Read more on UPI

RBA: 4 rate rises, banks: nearly 5
Australia’s lenders have lifted their mortgage rates by more than the Reserve Bank’s interest rate rises since July, research finds.

Canada Core Inflation Rate Unexpectedly Accelerates (Update1)

Fri, 19 Mar 2010 18:27:53 +0000

Stocks rise, U.S. Fed pledges to keep interest rates low to revive U.S. economy
TORONTO – The U.S. Federal Reserve’s reassurance that interest rates will stay low for a good while yet pushed the Toronto stock market higher for a second day.

Read more on The Canadian Press via Yahoo! Canada News

Low-interest carrots to tempt home buyers
(SINGAPORE) A skirmish of sorts has broken out on the home loans front with banks pushing down their interest rates a notch or two over the past week or so. The first volley was fired by DBS Bank and the others have responded.

Read more on AsiaOne

Canada Core Inflation Rate Unexpectedly Accelerates (Update1)
March 19 (Bloomberg) — Canada’s core inflation rate unexpectedly accelerated last month on higher costs for automobile insurance and accommodation during the Vancouver Winter Olympics, boosting the Canadian dollar and pressuring the Bank of Canada to increase interest rates.

State shuts down loan modification firms in Bonita and Naples

Fri, 19 Mar 2010 18:27:51 +0000

Summary Box: Credit score can drop after loan mod
AN UNWELCOME SURPRISE: Homeowners who enroll in the Obama administration’s loan modification program can see their credit score dip by as much as 100 points. That makes it harder to get a loan and can hamper your ability to get a job.

Read more on AP via Yahoo! News

Townhall Meeting to Raise Homeowners’ Concerns Against Practices of Banks in Home Loan Modification and Foreclosure
Homeowners In Action, a local grassroots movement concerned about the lack of fairness and transparency in bank practices, announced today that a town hall meeting will be held at the Martin Luther King, Jr. Library in San Jose on Saturday, March 20, in order to raise homeowners’ concerns against the secretive and ineffective practices of banks in home loan modification and foreclosure.

Read more on PRWeb via Yahoo! News

State shuts down loan modification firms in Bonita and Naples
A Bonita Springs-based loan modification company and one in Naples were shut down by the state Office of Financial Regulation.

Financial Engines Powers Up IPO Market

Fri, 19 Mar 2010 18:27:50 +0000

Research and Markets: How to Get Media Exposure as a Financial Advisor: Using Visibility in Magazines, Newsletters …
DUBLIN—-Research and Markets has announced the addition of the “How to Get Media Exposure as a Financial Advisor: Using Visibility in Magazines, Newsletters, Web Sites, Radio & TV as a Way to Market Yourself and Attract More Clients” audioconference to their offering.

Read more on Business Wire via Yahoo! Finance

Ten Questions To Ask When Hiring A Financial Advisor
Do your homework before you hire someone to oversee your money. You and your advisor will both be happier in the long term.

Read more on Forbes

Financial Engines Powers Up IPO Market
Financial planners, watch your backs. Financial Engines [ FNGN ], a retirement plan advisor co-founded by a Nobel Prize winner, completed an initial public offering Monday that blew the doors off the IPO market and affirmed investor belief in a business model that offers low-cost sophisticated retirement advice to individual investors.

Credit Repair – Lexington Law Testimonials

Fri, 19 Mar 2010 18:27:46 +0000

aaacreditguide.com Past clients talking about how Lexington Law Firm helped them raise their credit scores and paralegals talking about how they help their clients. Call 1-800-261-1201 for a free consultation.

How do I use up small balances on Visa and MasterCard gift cards?

Fri, 19 Mar 2010 18:27:45 +0000

I have several Visa or Mastercard gift cards where I have used up most of the balance, but still have small balances left on each ($1 to $5.) I’m cheap so I’d like to get all the value out of these cards. Are their merchants who let you combine cards? What is the best way to use these up?