On March 31st, the Treasury Department announced a new plan to help the troubled financial sector weather the sub-prime mortgage storm. This new system replaces some agencies while redrawing the jurisdictions of existing authorities like the Securities and Exchange Commission and the Federal Reserve. In particular, the Fed’s role in averting future crises is greatly expanded, a decision that is in keeping with the recent sea ch (more…)

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Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn). 

“There has been nothing like this in the USA since the 1930s,” he said. “The rapid destruction of money balances is madness.” 

The M3 “broad” money supply, watched as an early warning signal for the economy a year or so late (more…)

Mortgage Rates Remain Near Historic Lows

A smattering of mortgage-related headlines from the previous week tell complete different stories: Visit Here Now http://mortgage-loan-broker.blogspot.com

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Many people are under the assumption that payday advance loans are only for those individuals with bad credit. This may once have held true, but today’s payday advance customers certainly do not fall under the same category.

Payday Advance Loans just make Sense

Payday advance loans for consumers with good credit may not make much sense; that is, until you consider the alternatives. The recession and credit (more…)