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Finance, Credit and Loan Information

August, 2014

Fox investors left hanging: What’s next on Time Warner?

CNN NEW YORK (CNNMoney) — Whether Rupert Murdoch folds or raises the ante for Time Warner is likely to be the biggest question on investors minds this week when 21st Century Fox announces the results of its second quarter. Investors have punished Fox shares since news of the initial bid surfaced in mid-July. The stock […]

Economists downplay auto loan concerns

A surge in lending to would-be car owners with low credit scores has sparked fears of a bubble, but top government economists say there is no reason to panic because subprime loans still comprise a smaller portion of the market than before the financial crisis. Concerns that auto lenders are placing borrowers into loans they […]

RadioShack Soars for Third Day on Prospect of More Financing

RadioShack Corp. (RSH) shares jumped 31 percent, the third straight day of double-digit gains, on speculation that the company will get a rescue financing package that helps it stave off bankruptcy. The shares rose to $1.43 at the close in New York, the biggest one-day percentage increase in more than three decades, following gains of […]

RadioShack soars for fourth straight day on speculation of more financing (RSH)

RadioShack (NYSE:RSH) shares have racked up four straight double-digit percentage gains on surging volume since speculation began Tuesday that the company would get a rescue financing package to help stave off bankruptcy. Standard General reportedly has held talks with RSH about ways to finance some or all of the companys debt, including the loan package […]

Is Prospect Capital Ready For Rising Rates?

This article is a follow-up to Part 2 of my recent series of articles discussing which BDCs are better positioned for rising interest rates. Please read Rising Interest Rates amp; BDCs: Part 1 discussing the core drivers that impact a BDCs net investment income, including: Amount of variable rate investments Various levels of implied floors […]

Megan McArdle: How credit scores drive America’s growing inequality

The other day, I got to wondering something: What is the effect of automated payments on credit scores? Automated payments, I reasoned, reduce late payments among the people who are basically responsible budgeters but terrible at remembering to mail their bills on time. Those people should see their credit scores increase as they rack up […]

The Top Credit Cards for Back to School Shopping, Announced by Creditnet.com

SEATTLE, WA — (Marketwired) — 08/12/14 — Need a little extra help to buy all of those books and binders? Here are three of the best credit cards for the upcoming school year as ranked by Creditnet.com. As summer draws to a close, more and more creditors are trying to entice parents, teachers and even […]

BofA Accused of Rolling USA for $900 Million

(CN) – Bank of America falsely certified that its home modification loans complied with federal laws in order to reap more than $907 million in government incentive payments, a man claims in a qui tam lawsuit in Federal Court.Michael J. Fisher, of Southlake, Texas, says in his False Claims Act lawsuit that he worked for […]

Existing Home Sales Reach 10-Month Best; Low Mortgage Rates Boost …

Existing Home Sales Reach 10-Month Best; Low Mortgage Rates Boost Purchasing Power Real Estate Sales Low Mortgage Rates Boost Home Sales Todays mortgage rates are the lowest theyve been in 61 weeks; and the effects of low rates may be trickling up to housing. In July, home resales crossed five million on a seasonally-adjusted, annualized […]

Auto loans could get boost from revamped FICO scores

A planned update in the way FICO scores are calculated should help some borrowers qualify more easily for auto loans by putting less weight on overdue medical debt when calculating credit scores, according to Fair Isaac Corp. Fair Isaac said it expects credit bureaus to roll out the changes starting this fall. It could also […]

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