Airlines should get gov't loans, committee says

WASHINGTON (AP) — The government should help airlines install billions of dollars' worth of equipment in their planes necessary to use a new air traffic control system through loans or loan guarantees, an industry-government advisory committee recommended Thursday.

Repayment of the loans, which could involve public-private partnerships, would be triggered by the Federal Aviation Administration achieving promised benefits from the new system, the committee said.

The financing recommendation was one of a half dozen related to FAA's Next Generation Air Transportation System — also called NextGen — that were approved at a meeting of the committee.

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Payday Lending Advice for Consumers

Customers are clearly advice to just take all the essential precautions when borrowing money advance loans or payday loans. This form of financing is common inside the industry due to the fact it delivers a speedy and handy way to acquire cash. Even so, just before signing up that software, you ought to realize the ins and outs as well since the feasible effects connected with payday lending.

What's a Pay day loan?

A payday loan can range anywhere from $500 to $1,000. In some States, loan providers offer up to $1,500 in money advance. The restrict on the greatest financial loan value varies depending on the State lending laws governing the lending company.

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When You Need a Bad Credit Personal Loan

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Freddie Mac report could raise claims against BofA

(Reuters) - Freddie Mac's failure to properly review some defaulted loans could cost taxpayers billions of dollars, according to a report on Tuesday that may give the government extra firepower to wring far more money from Bank of America in legal settlements.

A senior examiner at the Inspector General's office of the Federal Housing Finance Agency, the regulator's independent watchdog, had raised concerns about Freddie Mac's loan review process months before the FHFA reached a $1.3 billion settlement with Bank of America (BAC.N) over poorly underwritten mortgages.

But the regulatory board did not act on the examiner's findings in a timely way, the report said. Neither did it test Freddie Mac's analysis underlying the huge settlement it reached with BofA on defaulted loans, the inspector general said in the report.

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U.S. to lower the size of mortgage it will guarantee

Uncle Sam is about to take a first tentative step out of the mortgage business by lowering the size of home loans that the federal government will guarantee, and it's already hitting California neighborhoods with higher costs and bigger down payments.

The downward adjustments have ignited outcries from California politicians and sparked a campaign by the state's largest real estate group and its national partner to extend the higher limits; they argue that the Golden State's housing market and economy can ill-afford another setback to recovery.

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How Prepaid Debit Cards Assist in Credit Repair

Should you be trying to restore your poor credit or enhance your credit worthiness, acquiring a prepaid debit card can be a sensible shift. Many people might disagree but if you know how to use your prepaid debit card properly, these unique cards could be fantastic instruments to rebuild credit. On this submit, let us speak about how prepaid credit cards can help in credit score repair.

Prepaid Debit Card Features


Prepaid debit cards are like digital wallets. A prepaid cardholder ought to first create a deposit to his/her debit account before employing the card for payment. Purchases are right away paid making use of the obtainable balance inside the account. If the balance runs out, the cardholder must make a new deposit or reload the account to make use of the card for payment.

Prepaid Debit Cards and Bad Credit score


In the past a long time, prepaid cards don't report towards the main credit bureaus but right now you'll be able to find issuers that supply credit score reporting services. As a result, prepaid debit cards can now be utilized to set up credit score historical past and improve credit rating.

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Housing Slump Hits New Mortgage Loans

Mortgage lending declined last year amid weak demand and tight credit standards, with particularly sharp credit contractions in neighborhoods with many foreclosures, according to the Federal Reserve.

In its annual analysis of mortgage data provided by thousands of financial institutions, the Fed found that lenders originated 7.9 million mortgages in 2010, down 12% from 2009. The only year they were lower in the past decade was 2008, when they hit 7.2 million. The Fed analyzed data from more than 7,900 mortgage lenders that are reported to regulators under the Home Mortgage Disclosure Act.

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Credit Cards for People with No Credit Score

Are you looking for a credit card to build credit?  If yes, you can find a number of options to choose from.  There are a variety of bad credit credit cards in the market.  Before you decide which card to choose, make sure that it will be one that you can use to rebuild bad credit.

Bad credit credit cards can also be used by people who have yet to establish credit history.  Since no credit check is required, anyone can easily get approved regardless of credit history or credit score.  On this post, let’s take a look at the most popular credit cards for people with no credit score.

• Secured Credit Cards
• Unsecured Bad Credit Credit Cards
• Prepaid Credit Cards
• Choosing the Right Bad Credit Credit Card 

Check out the following aspects:

• Credit reporting service.
• Reasonable interest rate.
• Minimal set of fees.

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UPDATE: Citi Pledges $24 Billion In US Small-Business Lending

NEW YORK (Dow Jones)--Citigroup Inc. (C) on Tuesday pledged $24 billion for small-business loans in the U.S. over the next three years, a sum that would significantly increase the bank's lending to small businesses.

The move comes at a time when banks are trying to repair an image tarnished by their role in the financial crisis and the massive government aid they received. The banks have faced criticism for cutting back on lending, while, at the same time, demand for loans particularly from small businesses remains tepid.

President Barack Obama has said that small-business lending is a key element in the economic recovery, and several banks have announced initiatives to increase their lending.

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Obama seeks to suspend unemployment interest again

WASHINGTON (Reuters) - President Barack Obama once again suggested suspending the interest charged on loans to U.S. states for covering jobless benefits as part of the tax and deficit plan he unveiled on Monday.

The move would extend a break the states received from the 2009 federal stimulus plan.

In his proposal, Obama called for "relieving states of interest payments on federal borrowing that are typically paid through an automatic surtax on employers" and for "suspending automatic increases in federal (unemployment insurance) taxes on employers in indebted states."

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Control Spending with Prepaid Debit Cards

Are you having a tough time keeping your spending in control?  Many people who own credit cards are guilty of overspending and it’s easy to see why.  Paying with a credit card is quick and convenient.  Even if you don’t have cash in your wallet, you can simply charge the purchase to your credit and worry about repayment later.  Unfortunately, you could be subjected to high interest rate and late fees if you fail to pay back your balance on time.

With prepaid credit cards, the risk of incurring bad debt is greatly minimized.  Why so?  Because prepaid cardholders are not provided with a credit line.  They can only spend the money they have in their debit account.  If there is no available balance, making advanced purchases will not be possible. 

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Obama’s Bets on Abound, SoloPower Cut Costs to Avoid Bankruptcy

Three solar-energy manufacturers that received backing from the Obama administration may survive an onslaught of cheap Chinese panels that helped force Solyndra LLC into bankruptcy.

Abound Solar Inc. and SoloPower Inc. won a total of $597 million in loan guarantees from the U.S. Energy Department to begin building their first commercial solar-panel plants this year, and 1366 Technologies Inc. received a $150 million guarantee for a polysilicon wafer factory.

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Can Prepaid Credit Cards Lead You to Debt?

Some people are hesitant to use prepaid credit cards, afraid that the costs of these cards will only lead them to bad debt.  However, prepaid debit cards can actually be great alternatives to regular credit cards.  In fact, prepaid debit cards are bad credit credit cards which can be used for establishing credit history and for repairing bad credit.

Prepaid cards can be used as payment anywhere regular credit cards are accepted.  These special cards can also be used to shop online or to make reservations from the internet.  If you are going to travel overseas and do not want to bring a large amount of cash, you can bring a prepaid debit card instead to pay for your bills and do some shopping.

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U.S. lawmakers debate housing finance reform

 * Fannie Mae, Freddie Mac drawn $170 bln in taxpayer funds

 * Many Republicans want to end federal backstop in housing

 * Conforming loan limits on gov't mortgages expire Oct. 1

 By Margaret Chadbourn

 WASHINGTON, Sept 13 (Reuters) - Top Senate lawmakers on
Tuesday laid bare long-standing differences on how to wind down
government-sponsored mortgage enterprises Fannie Mae (FNMA.OB)
and Freddie Mac (FMCC.OB), underscoring the difficulty Congress
will face in revamping the U.S. housing finance system.

 Democrats and Republicans alike agree both entities should
be wound down but whether the government should still have a
role subsidizing housing finance is still unsettled.


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Market USA gets another credit union

Regulators have cleared Laurel-based Market USA Federal Credit Union to acquire National Capital Federal Credit Union of Landover, marking the second such merger in the Washington area in less than a month.

Market USA FCU, which serves multiple groups in the area, will boast $99 million in assets and 21,944 members once the deal closes at the end of the month. Employees from both institutions will stay on, including chief executive Joann Talbot, who will become vice president of administration, said Market USA FCU chief executive Robert McClosky.

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How to Refinance A Bad Credit Home Loan

Are you currently in the middle of a bad credit mortgage loan with a high interest rate?  If yes, then you are not alone.  Many people are struggling with their monthly home loan payments because of the high interest rates.  Perhaps you may have acquired your mortgage loan at the time when you still have bad credit or a poor credit score.  Since loan rates are given based upon the borrowers’ credit rating, you are more likely to pay more on your monthly loan payments if you have a low credit score.

Have you thought about refinancing your bad credit home loan?  Home loan refinancing can enable you to enjoy a lower interest rate and reduce your monthly loan payments so repayment does not need to be a burden.  Even if you have not yet reached a high score of 700, you can consider home loan refinancing if you have been able to improve your credit score through timely submission of your loan payments.  If you want to refinance, consider the following tips on how to find a good mortgage refinancing deal:

• Compare deals.
• Calculate your savings.
• Check your credit report.
• Restructure your loan.

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S&P: U.S. Downgrade Increased Downgrade Risks For Other Entities

NEW YORK - Standard & Poor's downgrade of the U.S. sovereign credit rating last month increased downgrade risks for other global entities, including banks, the ratings agency said Thursday.

An article published by S&P's Global Fixed Income Research unit said the number of companies at risk of having their credit rating cut had risen by 14 to 465 as of Aug. 24.

The total remains below the peak of 1,028 in April 2009, S&P said, adding that some sectors were more stable than they have been historically. Banking, though, was among the sectors at risk, the agency said.

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How to Get a Home Improvement Loan with Bad Credit

If you have plans to improve or renovate your home, acquiring a loan can be just what you need to get started.  If you have good credit rating, you should have no problem finding a personal loan deal with affordable interest rate and flexible repayment terms.  But what if you have bad credit?  Does this mean you cannot get a home improvement loan?

The good news is that you can find lending companies that offer special loan programs for customers with bad credit history or low credit score.  However, there are some things you should remember when looking for a bad credit home improvement loan:

• Check your credit report.
• Consider a home equity loan.
• Get a co-signer.
• Compare bad credit loan deals.
• Think about repayment.
• Negotiate for a lower rate.

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• Bad Credit Home Loans
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Coming loan changes could squeeze high-priced home markets

Time is short for some buyers and owners of more expensive homes to get the best terms on mortgage loans.

Starting Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. That will force many future borrowers into more expensive and harder-to-get jumbo loans.

The Freddie and Fannie limits, which are generally $417,000 for single-family homes nationwide, were raised in 2008 in some high-cost housing markets to stimulate the economy. In many areas, the limits rose to $729,750 and next month they'll fall to $625,500. Limits will drop more sharply in some areas and less in others.

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Johnson working to keep Kings in Sacramento

Sacramento mayor Kevin Johnson, a three-time All-Star with the Phoenix Suns, talks with USA TODAY's J. Michael Falgoust about his progress in getting the financing options worked out for a new sports complex that will keep the NBA's Kings and owners Joe, George and Gavin Maloof from leaving:

So what are we going to see from you Thursday when you deliver your report?

We're going to release a report that shows a menu of options on the public financing side. We looked at 30 different things. We're narrowing it down to 10 or nine or eight.

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How Much Will a Payday Loan Cost You?

Payday loans are very popular in the market because many people need short-term financing. However, experts warn consumers against taking out payday loans in a hurry.  Although applying for a payday loan is quick and easy, you should also consider the possible risks.

Anyone can easily get approved for a bad credit payday loan regardless of credit rating.  Whether you have no credit history or poor score, you can still get the cash you need without a hassle.  Payday loans are sometimes called cash advance loan because it gives you the chance to get the cash you need today and worry about repayment later.

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John Ciccarelli: Congress must pass incentives to bring manufacturing jobs back to United States

"Uncle Sam Wants (Needs) You."

For those of you who remember this famous poster from World War II this has never been more important. Only this time we need to enlist in a war against foreign imports and to increase demand for manufacturing in the United States.

Our Congress, in some kind of misguided attempt to stimulate business, has given corporations tax breaks for manufacturing in other countries. A bill proposed in the Senate this year to eliminate this credit and bring back jobs failed to garner the necessary votes for passage. I would imagine that this was because Congress was too busy trying to decide which type of light bulb we would use or what to name a post office in Illinois, or if it would be a good idea to destroy the good faith and credit of the United States to formulate a jobs bill that would stimulate domestic manufacturing.

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