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February 28, 2006

Credit Card Minimum Payments on the Rise

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Credit Card Minimum Payments on the Rise
DailyIndia.com, NY - Feb 10, 2006 makes you shiver, it may make sense to speak with a mortgage broker and with your accountant about a debt consolidation refinance or a debt consolidation loan.

February 26, 2006

ICICI loans costlier Mumbai, Feb. 10: 

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ICICI loans costlier Mumbai, Feb. 10: 
The Telegraph - Feb 10 2:13 PM
ICICI Bank today said it would hike home loan rates by 50 basis points, effective from February 13. For the existing floating rate customers, the hike will be effective from the quarter beginning April 1, said a bank official.Save to My Web

Gloves are off as war chests fill up 
Beaumont Enterprise - Feb 24 11:23 PM
While challenger Nick Lampson sits back unopposed for the Democratic nomination for U.S. House District 22, an active Republican primary race and legal expenses have thinned Rep. Tom DeLay’s stockpiled political war chest.Save to My Web

February 24, 2006

Blunt to back new MOHELA plan to sell off some loans, retain

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Blunt to back new MOHELA plan to sell off some loans, retain
News-Leader.com, MO - Jan 31, 2006 The new plan calls for MOHELA to seek competitive bids for others to take over $2.4 billion in consolidation loans that it currently holds and sell similar

Nelnet Reports Net Student Loan Assets Up 51 Percent to More Than
International News Service, Australia - Jan 31, 2006 The tightening was primarily attributable to an increase in short-term interest rates and an increase in the amount of lower-yield consolidation loans in the

February 22, 2006

AmeriCredit and Finance Express Join Forces

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AmeriCredit and Finance Express Join Forces
Auto Remarketing - RANCHO SANTA MARGARITA, Calif. (Feb. 6, 2006) - Finance Express, which operates the first online auto finance platform specifically designed for independent dealers, has joined AmeriCredit’s online auto finance program. Finance Express provides

National Bank of Dubai wins top Euromoney award
AME Info - The Private Office, National Bank of Dubai’s private banking service, has been named the Best Private Bank in the UAE by Euromoney magazine, the leading monthly magazine of international banking and capital markets. Attended by representatives from

Nation/world briefs
AZCentral.com - Consumer debt sees smallest rise since 1992 advertisement OAS_AD(’BoxAd’) WASHINGTON - Consumers, weighed down by high debt loads and low savings rates, increased borrowing last year by the smallest amount in 13 years, the Federal Reserve reported

Increase In Borrowing Slows
Hartford Courant - Consumers, weighed down by high debt loads and low savings rates, increased borrowing last year by the smallest amount in 13 years, the Federal Reserve reported Tuesday. The Fed said borrowing on credit cards, auto loans and other forms of consumer

Outsourcing in India Pays Off
eWeek - Numara provides Track-It! and Network Monitor - the leading help desk and network management solutions for call tracking, IT Free Trial: BPM Process Modeling for your Business Savvion’s Process Modeler provides comprehensive BPM from modeling to

Consumer borrowing with credit cards slows
Seattle Post Intelligencer - Consumer borrowing rose nationally last year at the slowest pace since 1992 as Americans relied less on credit cards and more on loans against the value of their homes. Consumer credit, or non-mortgage loans to individuals, increased by 3 percent in

National Bank of Dubai launches international investment plan
AME Info - As part of an ongoing commitment to offer innovative financial planning solutions to its customers, National Bank of Dubai announced today the launch of Guaranteed Index Plans, providing investors with the opportunity to benefit from the positive

TD Bank To Buy Non-Prime Auto Lender VFC Inc.
Stockhouse Canada - TORONTO (CP) - TD Bank Financial Group (TSX:TD) is getting into the business of providing high-interest auto loans to people who have dodgy credit ratings with a $326-million proposal to take over VFC Inc. (TSX:VFC). TD and VFC announced Thursday

Stock markets advance on higher oil, earnings, economic data
680 News - TORONTO (CP) - The Toronto stock market enjoyed solid gains Thursday morning as investors stepped up to buy energy stocks that have been beaten down by a correction that started Feb. 7. But New York markets were little changed despite positive

Industry News and Notes
Arizona Daily Star - A subsidiary of paper giant Weyerhaeuser Co. , headquartered in Federal Way, Wash., is acquiring Scottsdale-based Maracay Homes . Although the sales price and terms were not released, the deal was expected to close this month. Maracay, which will

February 20, 2006

Balancing Debt and Education 

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Balancing Debt and Education 
HispanicBusiness.com - Feb 17 9:07 AM
You don’t have to be in college, or have a child who is, to realize that the student loan crisis is close to a tipping point. In 2004, the average loan burden of graduates, $17,600, nearly matched the maximum that undergraduates are allowed to borrow from the federal loan program over four years.Save to My Web

Sallie Mae chooses Muncie for new center 
Louisville Courier-Journal - Feb 14 2:54 AM
Student loan provider Sallie Mae plans to open a center in Muncie that would create an estimated 700 jobs over three years, officials said yesterday. “Today’s job announcement is the largest here in 20 years and means that our high school and college graduates can choose a career with a Fortune 500 company right here in Muncie,” Mayor Dan Canan said.Save to My Web

Changes in aid for students 
San Francisco Chronicle - Feb 14 3:40 AM
My Sunday column outlined changes in the government’s student-loan program that were included in the deficit-reduction act signed by President Bush last week. The act also includes some changes in the federal financial-aid formula that determines how much and…Save to My Web

Correction 
Cavalier Daily Online - 41 minutes ago
In yesterday’s article “IFC, ISC work to curb sexual assault” (Feb. 6), Kyle Boynton was erroneously identified as the president of Delta Sigma Phi fraternity. He is a former president of that…Save to My Web

College loan debt increasing 
The Easterner - Feb 14 11:39 PM
This generation of college students, our generation, is the most debt-burdened in history. According to a the federal student aid study from 1993 and 2004, 62 percent of students who graduated in 2004 graduated with student loan debt. A … Save to My Web

Muncie wins 700 jobs 
The Star Press - Feb 14 12:36 AM
Sallie Mae, the nation’s leading student loan provider, made a big investment in Muncie on Monday, guaranteeing 700 jobs at a new debt management center on the city’s north side.Save to My Web

Judge: Firm not negligent in failure to encrypt data 
ZDNet - Feb 14 5:48 PM
Federal court throws out suit that attacked student-loan provider for failing to encrypt customer database that was subsequently stolen.Save to My Web

Comment: it’s chips and pins with everything at the shops 
Daily Telegraph: Personal Finance - Feb 17 4:50 PM
Unless you have a chip and pin card, you may find yourself unable to spend your own money, writes Alison Steed.Save to My Web

February 18, 2006

CALPIRG Announces 2005 State Legislative Scorecards

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CALPIRG Announces 2005 State Legislative Scorecards
YubaNet, CA - Jan 19, 2006 "They put the interests of consumers over special interests, whether the issue was safe medicine or stopping auto loan rip-offs, and their constituents need to

Goal setting will help you get finances into shape
El Paso Times, TX - Jan 30, 2006 An example of strategic tasks related to this goal might be stated as follows: 1. Limit discretionary spending beyond mortgage and auto loan payments to $2,500

February 16, 2006

How Rupert Plans To Counterpunch Cable

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How Rupert Plans To Counterpunch Cable
BusinessWeek - Feb 9, 2006 By Ronald Grover, with Cliff Edwards in San Mateo, Calif. E-LOAN - Official Site Low Rate Mortgage, Home Equity, and Auto Loans. Approval in Minutes.

Industry report
Detroit Free Press, United States - Feb 8, 2006 The government said that borrowing on credit cards, auto loans and other forms of consumer debt rose by 3% in 2005, down from rates above 4% in the previous

Sovereign Bancorp, Inc. Announces 2005 Net Income of $676 Million
Finanzen.net, Germany - Jan 17, 2006 Home equity loans and lines of credit 10,176,307 142,248 5.56% Total consumer loans secured by real estate 22,035,953 306,626 5.55% Auto Loans 4,454,501 60,423

Montana Mountain High
BusinessWeek - Feb 13, 2006 By Stanley Holmes. Home Equity and Mortgage Loan - E-LOAN Online Lenders Offer Home Equity Loans, Cash Out Refinancing, Mortgages, and Auto Loans at Low Rates.

Unionbank worker named vice president
MyWebTimes.com, IL - Feb 3, 2006 expanded role, Schneeman will be able to serve all of the consumer lending needs of his customers, including all types of mortgage loans, auto loans and home

Can MTV Stay Cool?
BusinessWeek - Feb 9, 2006 By Tom Lowry. E-LOAN - Official Site Low Rate Mortgage, Home Equity, and Auto Loans. Approval in Minutes. No Lender fees. Apply Now. Opportunities abound.

February 14, 2006

Have a student loan? Get ready to pay more

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Have a student loan? Get ready to pay more
Muncie Star Press, IN - Feb 3, 2006 In addition to the $12 billion in cuts to government-backed student loan programs, the legislation also called for major cuts to other benefit programs such as

MRU Holdings, Inc., a Student Loan Finance Company, Elects D.
Yahoo! News (press release) - Feb 2, 2006 NEW YORK, Feb. 2 /PRNewswire-FirstCall/ — MRU Holdings, Inc. (OTC Bulletin Board: MHOI - News), an educational finance company

Car lesson a very fluid experience
Contra Costa Times, CA - 15 hours ago Talk about being out of my element. My idea of finances is figuring out how to make my student loan payment and go to Tahoe in the same month.

Regions Financial Enters Private Student Loan Business Through
Business Wire (press release), CA - 18 hours ago 13, 2006–The First Marblehead Corporation (NYSE: FMD) today announced that it will provide private school channel student loan products for Regions Financial

MOHELA wouldn t be first state loan program sold to Sallie Mae
Columbia Missourian, MO - Feb 10, 2006 a plan to sell some of the holdings of the Missouri Higher Education Loan Authority, some states had already passed off their student loan organizations to

UW-Madison student loan repayment rates high
University of Wisconsin-Madison University Communications, WI - Feb 8, 2006 In addition to student borrowers, Fischer says that the student loan unit of the Bursar's Office as well as the student loan servicing unit within the OSFS

Student loan rate increase hurts students
Indiana Statesman, Indiana - Feb 5, 2006 Last Tuesday, President Bush used part of his State of the Union address to stress the importance of continuing to "lead the world in human talent and

February 12, 2006

Nelnet Reports Net Student Loan Assets Up 51 Percent to More Than

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Nelnet Reports Net Student Loan Assets Up 51 Percent to More Than
PR Newswire (press release), NY - Jan 31, 2006 - Student Loan Assets Increase 27 Percent, Excluding Acquisitions in 2005 - Net Consolidation Loan Originations of $2.1 Billion for 2005 LINCOLN, Neb., Jan.

The Unkindest Cuts
TomPaine.com, D.C. - Jan 12, 2006 Currently, students who hold student loans from banks have the right to consolidate their debt by taking out a direct consolidation loan.

Consolidate Student Loans Now
Forbes - Feb 9, 2006 The Federal Consolidation Loan Program enables any borrower with federally insured student loans to roll them into a single package and to repay with a single

February 10, 2006

STUDENT LOAN LEGISLATION

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STUDENT LOAN LEGISLATION
KPVI-TV, ID - Jan 30, 2006 It is the largest proposed student loan aid cut in American history. Idaho State University freshman Tavia Baldwin has already accrued

House votes on student loan rates
The Casper Star Tribune, WY - Feb 1, 2006 "Most of the cuts are coming at lenders," said Phil Van Horn, president of the Wyoming Student Loan Corporation, the primary lender for student loans in Wyoming

Columbia University Names The Student Loan Corporation and Access
Business Wire (press release), CA - Feb 7, 2006 7, 2006–Columbia University recently named Access Group, the nonprofit graduate loan provider, and The Student Loan Corporation, a subsidiary of Citibank NA

Impending loan cuts will cost OU students piles of money
The Athens News, OH - 17 hours ago A massive funding cut from federal student loan programs that is awaiting presidential approval would affect thousands of Ohio University students and could

Official: Higher rates bad for minorities
Youngstown Vindicator, OH - 2 hours ago YOUNGSTOWN Youngstown State University's director of student diversity programs said raising federal student-loan interest rates by Congress will make it

Congressional Cuts Put Pressure on Students
The UCSD Guardian Online, CA - 1 hour ago reforms will increase financial aid opportunities for the millions of students who attend college each year with the help of the federal student loan programs

Selling student loan agency smart
News-Leader.com, MO - Jan 31, 2006 Last week, Gov. Matt Blunt announced his plans to sell the state agency which provides student loans and put the money back into

Blunt to sell student loan agency
UM Maneater, MO - Jan 27, 2006 Gov. Matt Blunt announced Thursday morning the construction of a $150 million medical research center on the MU campus. Some funds

Blunt Tours State to Promote Restructuring of Student Loan
Missourinet.com, MO - Jan 26, 2006 by Steve Walsh. Governor Matt Blunt has taken the wraps off an initiative to transform the Missouri Higher Education Loan Authority

Collegiate Funding Services Reports Fourth Quarter and Full-Year
PR Newswire (press release), NY - 19 hours ago Three months ended December 31, 2005 2004 (unaudited) Dollars % Dollars % Student loan and restricted cash yield $ 104,757 6.88% $ 57,892 5.17% Borrower

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