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Financial News

Senate to probe bond-ratings firms: report (Reuters)

Senator Norm Coleman speaks at the second session of the 2008 Republican National Convention in St. Paul, Minnesota September 2, 2008. (Brian Snyder/Reuters)Reuters - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.



 
Housing agency loosens foreclosure aid rules (Reuters)

A foreclosure sale sign sits in front of a house in Falls Church, Virginia, July 23, 2008. (Kevin Lamarque/Reuters)Reuters - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.



 
Kashkari: Consumer credit help promising step (Reuters)
Reuters - Actions to support consumer lending could be a productive next step to help repair financial markets, Treasury Department financial rescue package administrator Neel Kashkari said on Wednesday.
 
Lawmakers, Treasury lock horns on foreclosures (Reuters)

Treasury Secretary Henry Paulson (L) and Federal Reserve Chairman Ben Bernanke testify at the House Financial Services Committee hearing on 'Oversight of Implementation of the Emergency Economic Stabilization Act of 2008 and of Government Lending and Insurance Facilities; Impact on Economy and Credit Availability' on Capitol Hill, November 18, 2008. (Kevin Lamarque/Reuters)Reuters - Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.



 
Postal Service investigates boss's VIP mortgage (AP)

In a Sept. 30, 2005, file photo Postmaster General John Potter gestures during an interview  in Washington, Friday, Sept. 30, 2005.   The Postal Service is investigating whether Potter improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., Alan Kessler the chairman of the service's governing board said.  (AP Photo/Ron Edmonds/file)AP - The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., the chairman of the service's governing board said.



 

Credit Rating Score Results

Debt Constipation
Constipation and debt consolidation have a lot in common (besides sharing a few letters). Think about it. You eat. Your food gets processed. And if you’re healthy, you get rid of it. Debt...

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Things to Be Considered When You Apply For a Credit Card
Having a credit card can always be convenient for the people of nowadays. The freedom to spend even without cash on hand is among the best advantage it can offer.
 
Don't Wait - Dump Your Credit Card Machine Now
In Canada cash has recently been replaced as the favorite form of retail payment. Studies predict that soon the United States will follow this trend and their customers will be using DEBIT/ATM cards more than any other form of retail payment. With the coming credit crunch, the credit card companies are lowering the credit limits of their card holders.
 
Credit Card Annual Fees: When Are They Okay?
About every three weeks I get a letter in the mail from American Express begging me to apply for their Rewards Plus Gold Card. And every three weeks I tear up the promotional offer and throw it in...

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Credit Reports on MSN Money
Take the Credit Rating Quiz to get an idea of how lenders might rate your credit. Get your Free Credit Report and sign up for one of Experian's Score offerings.
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How credit scores work, how a score is calculated (Page 1 of 3)
A basic look at how credit scores work, why they are important and how your score impacts what you pay for all types of loans and even insurance.
http://www.bankrate.com/brm/news/credit-scoring/20031104a1.asp

Credit Rating - FICO Score - Credit Scores
Boosting your credit rating is easy when you understand FICO scoring! ... Now we don't have to make as many guesses about how to increase a credit rating. ...
http://www.bestcredit.com/credit-repair/improve-credit-scores.html

Your Credit Rating - MSN Money
Protecting your credit score. How to guard -- and enhance -- your credit report and rating ... Your lifestyle may hurt credit score ...
http://articles.moneycentral.msn.com/Banking/YourCreditRating/YourCreditRating.aspx

Personal Credit Rating Information from Experian.com
... VantageScore, the first personal credit rating designed by the three major ... Higher credit scores usually mean lower interest rates ... credit score and ...
http://www.experian.com/consumer_online_products/vantage_score.html

Equifax Score Power: Credit Score, FICO Score, Online Credit Report
Learn the credit score that lenders use most to determine your credit. ... Equifax Credit Report with FICO Score. Those In The Know. Can Save Big ...
http://www.equifax.com/fico-credit-score/

Online Credit Report and Score - TrueCredit
Get immediate access to your complete credit report and score online, with data provided by all three national credit bureaus - TransUnion, Experian, and Equifax.
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Credit Score, FICO Credit Score, Credit History, Beacan Credit Score
How to read and interpret your credit report ... Your credit score is one of the primary tools a creditor uses when determining ...
http://www.abika.com/Reports/creditscores.htm


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Money News
Internet retail growth rate at 7-year low
Read full story for latest details.


 
Despite Market Turmoil, Traders' Library Traders Forum a Shining Success
In the face of mounting crisis in the financial markets, the 2008 Traders' Library Trading Forum had one of its best showings ever. About hundred attendees from all over the world gathered together to learn from what to expect in these volatile times and how to profit despite the rising fear and panic in the markets.
 
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