Financial News Roundup: Banks Eliminate Savings Bonds, Risky Loans Return
Written by Robert White on July 11, 2011 – 7:08 pm
Today’s top news headlines feature reasons lenders are extending riskier loans to borrowers again and changes in bank-issued savings bonds. Plus, find out the ratio of available jobs to prospective applicants.
Private Lenders Extend Loans To Risky Borrowers The Wall Street Journal Analysts say private companies are issuing more subprime loans to risky borrowers who fail to meet traditional banking standards. Despite housing market and economic volatility, a handful of firms are extending financing – and in some cases jumbo loans – to borrowers who fall below conventional credit and income requirements. Many
Tags: Loans, Savings Bonds
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British June Inflation Eases Unexpectedly To 4.2%
Written by Jessica Clark on July 11, 2011 – 8:12 am– British annual inflation slowed unexpectedly in June from a two-and-a-half-year high, led by lower costs for recreational goods. But inflation stays above the 2 percent target for 19th consecutive month.
Consumer prices rose 4.2 percent year-on-year in June, the smallest rise since March 2011, figures published by the Office for National Statistics revealed Tuesday. Economists were expecting the annual increase to stay steady at 4.5 percent in June.
IHS Global Insight’s economist Howard Archer said that it is premature to say the U.K. is out of the inflation woods, and much will depend on future oil and food price developments. But he sees chances of inflation peaking below 5 percent.
Tags: Inflation, Inflation Eases
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LEC 6 – new design, features and colors
Written by Jessica Clark on July 11, 2011 – 1:44 amAs promised here is my post providing additional information on LEC 6, if you have questions, by all means let me know
The idea for LEC 6 was to make the most important information quickly accessible while providing an exteremely customizable experience for our customers. As you will see on http://6.rewlec.com the main navigation elements are limited to what we have identified as the three most important main categories a visitor to a Realtor or Brokers website – Buy, Sell & Explore
Buy feature: This tab (which is also the default feature) was created to provide access to available inventory. It contains both the quick search and main featured listings element.
Tags: Lec, Lec New
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Eurozone changes position to accepting possible Greek default
Written by Jessica Clark on July 10, 2011 – 9:57 pmDutch Finance Minister Jan Kees de Jager said on Tuesday eurozone finance ministers had effectively accepted that if they wanted to have the private sector involved in a second bailout of Greece, a selective debt default was likely, despite the European Central Bank’s vehement opposition to such a move.
Asked about whether a selective default was now likely, he replied: “It is not excluded any more. O
Tags: Eurozone, Eurozone Changes
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Reader Mailbag: Podcasts and Writing
Written by Jessica Clark on July 10, 2011 – 3:36 pmWhat’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Handling expensive schooling 2. Handling a closed credit account 3. Lowering high housing costs 4. Investing while in college 5. Solid credit, no credit cards 6. Planning for after debt elimination 7. Jealousy of the rich 8. Executor advice 9. Investing now or later? 10. Planning ahead for side business
When I get myself in the flow of writing, I usually lock myself in my office (or go somewhere else where I’m completely alone), turn on some podcasts (think of it as talk radio that I control), surround myself with the needed research materials, and just start writing. I try
Tags: Mailbag, Reader Mailbag
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