Archive for November, 2006

EBL signs MoU with CRISL

Thursday, November 30th, 2006

EBL signs MoU with CRISL
Financial Express - On behalf of EBL executives, Head of Corporate Banking Sohail RK Hossain, Head of Credit Risk Ahmad Ahsanul Munir, Head of Finance Malick Mushfique Reza and Head of Structured Finance Yusuf Saeed attended the ceremony while CRISL General Manager Khan

NO CASH, NO HOME
Myrtle Beach Online - Fata said problem loans typical in these situations usually are generated through a series of financial misinformation that convinces lenders that a buyer is a good credit risk. Most of the loans are for land-and-home packages, Fata said, and that is

San Diego Trust Bank Promotes John Penrith and Joe Simmons to
Forbes - Simmons, a graduate of San Diego State University, has more than 21 years experience in credit risk management. Prior to his joining San Diego Trust, he was SVP & Credit Administrator of one of the county’s largest community banks, First National Bank

InformationWeek’s Podcasts Weblog
Information Week - What distinguished Capital One from the rest of the formidable pack on the 2005 InformationWeek 500 was its information-based strategy, which joins all areas of its business–marketing, credit, risk, operations, and business technology–into a single

Latest News
dBusinessNews.com - Croner to Executive Vice President, Human Resources PHILADELPHIA — Radian Group Inc. , a global credit risk WHYY President & CEO William J. Marrazzo to Lead the Committee to Keep Eakins’ Masterpiece in Philadelphia PHILADELPHIA — The

NetBank Inc. to lay off 100 in December 

Thursday, November 30th, 2006

NetBank Inc. to lay off 100 in December 
A team of nearly 100 workers in the mortgage industry will lose their jobs shortly after Christmas, reflecting the nationwide slowdown in home loans.

Watchdog warns mortgage lenders who prey on poor 
The Financial Services Authority hit out at financial advisers who sell mortgages to people with poor credit histories yesterday, saying that much of their marketing and promotional literature continued to fall short of regulatory standards.

Mortgage brokers ‘disguised fees’ 
More than 200 mortgage brokers are told by watchdogs to change adverts that did not state fees clearly.

S&P Cuts R.R. Donnelley Ratings (AP via Yahoo! Finance)

Wednesday, November 29th, 2006

S&P Cuts R.R. Donnelley Ratings (AP via Yahoo! Finance)
Credit ratings agency Standard & Poor’s Ratings Services Wednesday lowered its long-term ratings on R.R. Donnelley & Sons Co., a Chicago-based commercial printer, to ‘BBB+’ from ‘A-’, keeping them in investment-grade range.

Clear Channel in $18.7 billion buyout - MarketWatch

Wednesday, November 29th, 2006

Clear Channel in $18.7 billion buyout - MarketWatch
Clear Channel in $18.7 billion buyoutMarketWatch - Nov 27, 2006… expect a marked increase in leverage, which is likely to result in even further ratings downside potential," said Standard & Poor's credit analyst Michael …

Credit Repair: Beyond the Fair Credit Reporting Act (Waynesboro Record Herald)
(ARA) - Bad credit can happen to good people. On a day-to-day basis, you can’t control all the factors that influence your credit score. What’s more, credit reports often contain errors.

Kingdom of Jordan 'BB' LT, 'B' ST FC ratings affirmed on prudent … - AME Info (press release)
AME Info (press release)Kingdom of Jordan 'BB' LT, 'B' ST FC ratings affirmed on prudent …AME Info (press release), United Arab Emirates - 1 hour ago… policies, as demonstrated in its good management of external shocks currently being experienced by the country," said Standard & Poor's credit analyst Luc …

Borrowers with poor credit histories account for 5% lending market … - CityWire.co.uk

Tuesday, November 28th, 2006

Borrowers with poor credit histories account for 5% lending market … - CityWire.co.uk
Borrowers with poor credit histories account for 5% lending market …CityWire.co.uk, UK - Nov 16, 2006With an increasing number of families experiencing difficulties in paying off debts, the market for adverse credit mortgages is bound to grow and is one which …

Jack in the Box Shares Fall on Rating Cut - AXcess News
AXcess NewsJack in the Box Shares Fall on Rating CutAXcess News, NV - 13 hours ago… Standard & Poor's credit analyst Jackie Oberoi said, "The downgrade reflects leverage that remains high for the rating category, estimated at 4.4x as of Oct. …

Loopholes closing on unregulated finance firms - Unison.ie (subscription)
Loopholes closing on unregulated finance firmsUnison.ie (subscription), Ireland - 2 hours agoAmong the companies not subject to regulation is Start Mortgages, which targets people with poor credit histories for mortgages. …

AWB credit ratings put on watch - NEWS.com.au
AWB credit ratings put on watchNEWS.com.au, Australia - 2 hours agoTHE credit ratings of AWB Ltd have been placed on watch with negative implications by Standard & Poor's (S&P), following the release of the Cole Commission … S&P Mulls Upgrade of Scottish Re Ratings Houston Chronicleall 6 news articles

PIC Solutions Showcases Turnkey Solutions at Credit Risk Africa …

Sunday, November 26th, 2006

PIC Solutions Showcases Turnkey Solutions at Credit Risk Africa …
Newswire Today (press release), UK - Oct 24, 2006NewswireToday - /newswire/ - Cape Town, Western Province, South Africa, 10/24/2006 - PIC Solutions, the leading specialist credit risk management consultancy …

Surviving In A ‘Flat’ World
Forbes, NY - Oct 27, 2006… operational risk. These are events that occur as a result of a company’s operations, as distinguished from market risk or credit risk. In …

Pinnacle Bank of Oregon Reports Third Quarter 2006 Earnings.
Business Wire (press release), CA - Oct 25, 2006… it has added a significant provision for potential loan losses during the third quarter of 2006 of $946,721, related to additional credit risk identified in …

Cinch Energy corp. releases third quarter 2006 results
Canada NewsWire (press release), Canada - Nov 2, 2006… estimated fair values. It is management’s opinion that the Company is not exposed to significant credit risk. Interest rate risk …

Jones has a job, but what is it?

Saturday, November 25th, 2006

Jones has a job, but what is it?
St. Petersburg Times, FL - Oct 26, 2006… He also started EquiVest, a company that puts together housing deals by allowing some of his legal insurance policyholders with bad credit to become lease-to …

Get a Personal Loan to Buy or Upgrade your Computer
American Chronicle, CA - Nov 2, 2006… personal loans specifically designed for buying their equipment and other non-traditional lenders feature personal loans for people with bad credit, no credit …

Cruel twist for LaVar
Washington Times, DC - Oct 24, 2006… Arrington’s character is pathologically opposed to bad credit undermining your buying power, because at Easterns Motors (motors), your job’s your credit (credit …

A springboard for growth
Crain’s Chicago Business, IL - 6 hours ago… Loyola University Chicago in 1981, I worked as a repossessor for American General Finance, a company that provides insurance and loans to people with bad credit …

S&P Lowers New York Times Credit Rating - AXcess News

Saturday, November 25th, 2006

S&P Lowers New York Times Credit Rating - AXcess News
S&P Lowers New York Times Credit RatingAXcess News, NV - Nov 21, 2006… continued soft newspaper revenue climate at a time when the company's financial profile is weak for the ratings," said Standard & Poor's credit analyst Donald …

S&P may lower NYT debt ratings - Crain’s New York Business
S&P may lower NYT debt ratingsCrain’s New York Business, NY - Nov 22, 2006… soft newspaper revenue climate at The New York Times at a time when the company's financial profile is weak, said Standard & Poor's credit analyst Donald … S&P Downgrades Jack in the Box Ratings Houston ChronicleS&P Holds Off on Argentina Rating Change on Energy (Update1) BloombergGeorgia hopes for S&P outlook upgrade if relations with Russia … Interfax RussiaForbesall 9 news articles

AG Removes Injunction Against Austin Credit Doctor (KXAN 36 Austin)
The Texas Attorney General has removed an injunction against Austin’s self-titled credit doctor. The office admits there are no public complaints against him.

Around the Markets: Bad credit shines, but will it last? - International Herald Tribune

Saturday, November 25th, 2006

Around the Markets: Bad credit shines, but will it last? - International Herald Tribune
Around the Markets: Bad credit shines, but will it last?International Herald Tribune, France - Nov 14, 2006Securities with the lowest credit ratings gained 33 percent this year after losing 16 percent in 2005, according to an index compiled by Merrill Lynch. …

Bad Credit Personal Loans: Both Sides of the Story - American Chronicle
Bad Credit Personal Loans: Both Sides of the StoryAmerican Chronicle, CA - Nov 9, 2006A common misinterpretation of bad credit loan lending is that bad credit lenders are only non traditional lenders which are willing to take a higher risk by …

Credit Challenged Car Buyers Find Help Online (Southwest Daily News)
(ARA) - Eighty percent of all Americans have at least one blemish on their credit reports. And a third of all consumers have credit scores so bad that they may have difficulty securing a car loan.

1998 Ford Expedition Eddie Bauer from North America 

Friday, November 24th, 2006

1998 Ford Expedition Eddie Bauer from North America 
What things have gone wrong with the car? Battery died while camping. The number 4 cylinder started misfiring.

2001 Pontiac Montana from North America 
“Good looks, but will cost you..” What things have gone wrong with the car? ~150k - intake manifold seal - mechanic says he does these before first tune up on Montanas.

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