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  • American Finance Solutions Recognized As One of the Fastest Growing ...

    ANAHEIM, Calif., Oct. 2, 2012 /PRNewswire/ — American Finance Solutions (AFS), one of the fastest growing merchant cash advance companies for small and mid-sized businesses, announced today it has been named the 24(th) fastest growing private

  • Cash Advance Payday Loans :Select The Money

    . Submitted by mmpayday on Mon, 09/24/2012 - 08:43. UK Loans For Bad Credit. Capital is easily the most essential post in our daily life which establishes the direction and movement of everyday life of all of

  • Billionaire Salinas Seeks Deposits, Longer Loans in US

    Salinas, 56, is looking for greater access to U.S. consumers after his Grupo Elektra SA paid $655 million in April to acquire Spartanburg, South Carolina-based payday lender Advance America Cash Advance Centers Inc. to enter the market. Salinas is the

  • Wells Fargo Plays Both Sides of the Cash Advance Debate

    Never mind that Wells Fargo finances the merchant cash advance companies, too. Small retailers and restaurants that need money sometimes turn to merchant cash advances for fast, if expensive, financing. A retail store might get an advance of $10,000 in

  • Wells plays both sides of cash advances

    Of course, Wells Fargo finances the merchant cash advance companies, too. More on that below. Small retailers and restaurants that need money sometimes turn to merchant cash advances for fast, if expensive, financing. A retail store might get an

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News Summary: Rates on US mortgages at record lows
RATES AT RECORD LOWS: Average U.S. rates on fixed mortgages fell again to record lows this week. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Rate on 30-year mortgage hits record low 3.40 pct.

In this Friday, Sept. 21, 2012, photo,a home is for sale in Oklahoma City. Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates. Mortgage buyer Freddie Mac said Thursday, Sept. 27, 2012, the rate on the 30-year loan dropped to 3.40 percent. That's down from last week's rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s. (AP Photo/Sue Ogrocki)Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.


Already signs Fed action is working: Boston Fed's Rosengren
QUINCY, Massachusetts (Reuters) - The Federal Reserve's decision last week to buy large quantities of mortgage-backed securities is already having a positive effect on wholesale mortgage rates, the president of the Federal Reserve Bank of Boston said on Thursday. Eric Rosengren, in a speech to a chamber of commerce in the Boston suburb of Quincy, also said the U.S. economy was clearly in better shape than some developed peers internationally, but still not strong enough to bring the unemployment rate down more quickly. (Reporting By Ben Berkowitz; Editing by Chizu Nomiyama)

Ahead of the Bell: Weekly mortgage rates
Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.

U.S. mortgage refinancing applications rise as rates hit record low: MBA

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of WashingtonNEW YORK (Reuters) - Applications for home mortgages dipped last week, though demand for refinancings rose as mortgage rates fell to a record low, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, edged down 0.2 percent in the week ended Sept 14. The seasonally adjusted index of refinancing applications gained 0.80 percent. The gauge of loan requests for home purchases, a leading indicator of home sales, tumbled 3.8 percent. ...


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