Mortgage refinancing activity jumps, still has room to grow
Written by Charlie Chester on December 8, 2011 – 5:54 am
Mortgage refinancing activity increased significantly week-over-week, the Mortgage Bankers Association (MBA) said in its weekly mortgage survey. The MBA’s Weekly Mortgage Applications Survey (for the week ending December 2, 2011) revealed that average mortgage rates dropped yet again. This week is just one of many times in 2011 that consumers have seen declines. The drop resulted in a 12.8 percent week-over-week increase in overall mortgage application activity. “Coming out of the Thanksgiving holiday, applications increased significantly as mortgage rates dropped to their lowest levels in about two months,” Michael Fratantoni, MBA’s Vice President of Research and Economics, said in a statement.
Tags: Activity, Mortgage Refinancing, Mortgage Refinancing Activity, Refinancing Activity
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Get to the Polaris Point
Written by Robert White on December 6, 2011 – 10:57 pmIf you’re among the fortunate few, you not only have a job you love, but one that will earn you at least a decent living over a sustained period of time.
For all too many Americans, however, that’s a pipedream. Many of them toil away at jobs they detest, but that pay the bills. After a lifetime of drudgery, they’ve funded their lives, but never experienced the joy of a labor of love.
Others follow their passions, and savor pursuits they adore, but that don’t afford a living wage. Their jobs are more hobby than vocation. And it’
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Leveraged Finance Defined
Written by Charlie Chester on December 2, 2011 – 9:57 pmLeveraged finance relates to funding a business, a company or another investment using more debt than would be considered normal. More than normal debt is going to imply by nature that the funding is a riskier prospect, and therefore more costly than normal borrowing in general. As a result, leveraged finance options are most commonly employed in order to achieve a specific objective that is often temporary by nature. For example, the specific objective may be to make an acquisition, to effect a particular buy-out, to repurchase some shares, or to fund a dividend. Although different banks offer different options when it comes to leveraged finance, and there are generally two different main products to concern yourself with.
Tags: Finance, Leveraged Finance
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Advice on Securing Bad Credit Car Loan
Written by Jessica Clark on December 2, 2011 – 8:11 pmAutomobiles are easy to finance with adverse credit. In fact, many consumers opt to get approve for an automobile loan in an attempt to boost their credit rating. If financing a vehicle, you have the option of securing your own private financing or accepting a loan package offered by the dealership. Here are a few tips to help you secure auto financing with bad credit.
Know Your Credit Rating Beforehand
Do not enter the car buying process blindly. Before beginning your search for the perfect automobile, request a copy of your free credit report. This way, you have an accurate picture of your credit rating. If your score is high, you can expect a good offer.
Tags: Loan
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IRS News
Written by Robert White on November 30, 2011 – 9:46 pmSeattle IRS infested with Bed Bugs?
Could the IRS office in Seattle, Washington be infested with bed bugs? That’s the question being asked as investigations get underway after an IRS employee complained about getting bitten at work. The Occupational Safety and Health Administration (OSHA) confirmed receiving complaints from an IRS employee that she was bitten by bed bugs while on two floors of the Henry M. Jackson federal building on Second Avenue that houses the IRS office.
In fact David Mahlum, deputy regional administrator for OSHA said the IRS had known about the pests since as early as the summer for it received complaints about insect bites at that time. T
Tags: Irs, Irs News
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