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Finance, Credit and Loan Information

May, 2014

Energy Future Says Fidelity May Fund $500 Million of Loan

An adviser to Energy Future Holdings Corp. said Fidelity Investments has an option to fund $500 million of a $5.4 billion loan for reorganizing its regulated power business, while Pacific Investment Management Co. has committed to backing almost $1.5 billion of the financing. In a court filing this week, the adviser, David Ying, head of […]

Mortgage Rates Close to Setting Sideways Record

Mortgage rates were slightly higher this morning, but mid-day market improvements led many lenders to adjust rates lower into the afternoon. The net effect ends up being no change to Fridays latest rate sheet offerings. While a return to unchanged levels isnt unheard of, this is now the 5th day in row with the exact […]

What I learned from test-driving my mortgage budget

Its been more than a decade since I graduated from college and moved out on my own. In that time, Ive been a renter, a home buyer, and a home seller. And despite all of the complexities that are part of the home-buying process, the most important piece of advice Id ever received was simple: […]

Column: Bankruptcy a viable option for some

BY STEPHEN P. WRIGHT Declaring bankruptcy is a wrenching resolution for most people, necessitating uncomfortable and typically unpopular decisions — decisions that nonetheless must be considered when deciding whether to proceed, especially in a period of snail-like economic recovery. The majority of cases filled by individuals under Chapter 7 of the Bankruptcy Code are from […]

Find the best credit card for you

Before you apply, take a look at your credit report. Like any line of credit or loan, your credit score is the single most important factor when finding the type of credit cards available to you and getting the lowest interest rate. Unsure how to get a copy of your credit report? Annualcreditreport.com provides consumers […]

Dispute Over Banking Group’s Analysis of Mortgage Denials to Blacks

The Mortgage Bankers Association, one of the nation’s most influential financial lobbying groups, made a startling claim this week about the access of black borrowers to credit. The association’s president, David H. Stevens, said that 56 percent of blacks who applied for a common type of mortgage were denied. When that figure was publicized, it […]

Energy Future Holdings files for Chapter 11 bankruptcy

By Jim Fuquay and Steve Kaskovich jfuquay@star-telegram.com Dallas-based Energy Future Holdings filed for Chapter 11 bankruptcy protection early today after reaching a deal with creditors that calls for breaking off its power generation and retail arms in exchange for reducing debt. The bankruptcy petition was filed in Delaware. The state#x92;s largest power company, formed in […]

Purchase Mortgage Forecast Drops $31B

Credit unions that still believe purchase money lending will energize their waning mortgage programs may want to re-consider their assumptions after reviewing last weeks data from the Mortgage Bankers Association. The MBA forecast mortgage lenders will make fewer purchase money loans this year than they did in 2013, when refinanced home loans still dominated the […]

First Time Home Owner Grants – Loan Love Gives Home Financing Advice

2014

No, Hedge Funds Aren’t Hijacking Peer To Peer Loans, Says Lending Club CEO

What does Lending Club CEO Renaud Laplanche think of this claim? “I wish the reporter spoke to me more and less to the smaller platforms,” Laplanche told me last week in New York. I had been hearing similar concerns to those addressed in the Times article from sources in the financial technology space. So I […]

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