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  •   Restaurant Owners Use Private Capital to Fuel the Growth of Their Business Instead of Waiting for Passage of Obama`s $30 Billion Small-Business Stimulus Bill
Rather than conventional bank financing, an alternative funding source of private capital is available to restaurant owners seeking business loans to expand current operations or acquire another facility. "What restaurant owners appreciate about this new funding source is that it's not based on the owner's credit score, but rather on the strength of the owner's business plan," says Christopher Sewell, President of FinancialCI, Inc, who specializes in brokering private capital to restaurant owners.
Christopher Sewell,Christopher J. Sewell,Laurel Md.  09/03/2010

  •   CME Group Announces Launch of Coal Contracts Settled Against Indexes Published by Argus and IHS Mccloskey
CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of trading and clearing services for four new swap futures and options on swap futures contracts (http://www.cmegroup.com/coal). These new contracts are settled against the API 2* and API 4* indexes published in the Argus/McCloskey's Coal Price Index Report. Trading will be available on the New York trading floor and CME ClearPort(R) (http://www.cmegroup.com/clearport), a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. Trading and clearing are scheduled to begin on September 12 for trade date September 13. These contracts will be listed by NYMEX and subject to the rules and regulations of NYMEX and CME.
CME Group,Jeremy Hughes,London   09/03/2010

  •   A Step-By-Step Guide to Finding a Hard Money Lender
Wouldn’t it be nice if you have a bottomless well of money in your backyard? Just imagine all the mansions you can buy, the places you can visit, and the cars you can drive with all that money! Sad to say, however, such a thing doesn’t exist. It if does, then all the people on [...]
MortgageLatestNews,Admin,   09/03/2010

  •   Banks: Kicking Butt in Mortgage Mods
The banking industry is touting its accomplishments in mortgage modifications, subtly thumbing its nose at a government program that has been struggling to succeed. A coalition of mortgage-industry players called Hope Now said on Wednesday that the private sector had completed 1.1 million permanent mortgage modifications in 2010 alone. Since the government launched its “Making Home [...]
MortgageLatestNews,Admin,   09/03/2010

  •   FHA Keeps Delinquency Rate Steady, Issues New Premium Guidelines
After falling for five straight months, the Federal Housing Administration's (FHA) delinquency rate held steady in July at 8.3 percent. At the beginning of 2010, the rate stood at 9.4 percent. HUD also issued guidelines for FHA's new insurance premium structure, which takes effect next month. The annual premium will increase from 0.55 percent to between 0.85 percent and 0.90 percent of the loan amount. At the same time, though, the upfront premium has been reduced by 100 basis points from the current 2.25 percent.
DSNews.com,Admin,   09/03/2010

  •   Lawmakers Challenge Fannie Mae`s New Policy on Strategic Defaulters
A faction of House Democrats have called on Treasury Secretary Timothy Geithner and Fannie Mae's regulator to suspend the GSE's recently announced policy to sue homeowners who strategically default on their mortgage. The group of lawmakers, led by Rep. John Conyers, Jr. of Michigan, called the policy "opaque, overbroad, and punitive." They decried Fannie for using taxpayer dollars to penalize underwater homeowners, and maintained that the policy runs counter to the national need to stem a devastating tide of foreclosures.
DSNews.com,Admin,   09/03/2010