Short-term mortgage loans and credit decisions incite borrowers in third quarter

Nov 23, 2011 Todd Milner

Short-term mortgage loans and credit decisions incite borrowers in third quarter

Perhaps in response to a resurgence of fixed-rate offers on short-term mortgages, consumers are trending toward 15- and 20-year loans to finance home purchases, according to the most recent Freddie Mac Quarterly Product Transition Report.Fixed-rate


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Business equipment financing improves in October

Nov 17, 2011 Todd Milner

The health of the $521 billion business equipment financing market is often viewed as a critical indicator of the wider economy, as investment activity in this area usually points to confidence in expansion strategies and financial performance.Accordingly,


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Report: Inner city businesses drastically undercapitalized

Nov 14, 2011 Todd Milner

Facing a more fragile risk environment, banks are understandably tightening their credit decisions. While such initiatives are intended to cushion against capital losses, the unintended consequence has proven harmful to a number of disadvantaged


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Credit unions see boost following Bank of America fee hike

Nov 11, 2011 Todd Milner

Credit unions see boost following Bank of America fee hike

Created in response to Bank of America's $5 debit charge fee, Bank Transfer Day was launched last week to urge bank customers to close their accounts and open new ones at credit unions (CUs), the Associated Press reports.Currently, the


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California officials worried about short term loan fees

Nov 07, 2011 Todd Milner

California law currently limits the maximum amount a consumer can borrow from a short term lender to $300, while the most interest a lender can charge is 15 percent of a check's face value, the Palo Alto Daily News reports.However, that equals


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