Rama Capital Partners Announces its Third Consecutive Year of Double Digit Returns
Calabasas, CA (PRWEB) January 20, 2012 Rama Capital Partners, LLC (?RCP?) is pleased to announce that The Rama Fund, LLC (the ?Fund?) finished 2011 up 10.01%, net of fees. The Fund continues to build upon its pristine track record, producing positive net returns for its investors in every month since its inception in September 2008. … Continue reading
HSH.com Weekly Mortgage Rate Radar: Slight Bump in Rates to Close 2011
Foster City, CA (PRWEB) December 28, 2011 Rates on the most popular types of mortgages rose slightly, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages rose by two basis points (0.02 percent) to 4.06 percent. Conforming 5/1 Hybrid ARM rates increased by three basis points (0.03 percent), closing … Continue reading
ASTRALCOM Develops iPhone and Android App For Homebuilder Client
Lakewood, CA (PRWEB) January 18, 2012 ASTRALCOM, LLC today announced the launch and availability of their homebuilder client?s smartphone app for iPhone and Android. The Ashton Woods Homes smartphone app for iPhone and Android includes typical property search-type features like community and individual property listings and details, elevations, videos, and blog postings ? all … Continue reading
HSH.com Weekly Mortgage Rate Radar: Record Low Rates Warming Housing Market
Foster City, CA (PRWEB) December 21, 2011 Average rates on the most popular types of residential mortgages fell to new record lows, according to HSH.com?s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 5 basis points (0.05 percent) to 4.04 percent. Conforming 5/1 hybrid ARM rates decreased by 2 … Continue reading
Homes.org Releases Mortgage Rates Update for the First Week of December
Austin, TX (PRWEB) December 06, 2011 Homes.org, a fast growing real estate search portal, has released this week’s analysis of mortgage rates which found that there was a slight increase in rates at the start of this week, with the 30-year fixed rate ticking upward by .02%. This increase brings the rate back up to … Continue reading
Cavaliers, Monsters and Quicken Loans 2011 Toy Drive a Success with Help of Northeast Ohioans
Cleveland, OH (PRWEB) December 20, 2011 A week before Santa and his reindeer are set to take to the sky, Christmas came early for more than 800 underserved children in the area. As part of NBA Cares Home for the Holidays, the 2011 Cleveland Cavaliers and Lake Erie Monsters Toy Drive presented by Quicken Loans … Continue reading
Credit Card Billing Disputes Top Among Consumer Credit Card Complaints; Long Island Consumer Attorney Andrew M. Doktofsky Discusses Complaints and Remedies for Consumers
Long Island, New York (PRWEB) December 20, 2011 Credit card billing disputes are the most common national consumer complaint, according to a consumer response report published in November 2011 by the Consumer Financial Protection Bureau, which is a U.S. governmental agency that enforces federal consumer financial laws. The Consumer Financial Protection Bureau (CFPB) collected … Continue reading
HSH.com Weekly Mortgage Rate Radar: Rates on Fixed-Rate Mortgages End Higher on Brighter Holiday Retail Sales
Foster City, CA (PRWEB) November 30, 2011 Rates on the most popular types of mortgages moved slightly higher this week, according to HSH.com?s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages rose by 5 basis points (0.05 percent) to 4.18 percent. Conforming 5/1 hybrid ARM rates remained unchanged from the previous … Continue reading
Commercial Mortgage Refinance Rates Near 4% Announces Chicago Commercial Loan Firm Clopton Capital
Chicago, IL (PRWEB) January 01, 2012 Clopton Capital, a commercial loan provider based out of Chicago is announcing access to 4% commercial mortgage refinancing rates as a result of a Wall Street wholesale conduit lender they maintain a relationship with. The firm states that rates this low are incredibly hard if not impossible to obtain … Continue reading
Freedom Debt Relief Quarterly Comment: Spending, Debt Shot Up Prior to Holidays
San Mateo, Calif. (PRWEB) January 25, 2012
At the end of 2011, with consumer confidence higher and unemployment down, consumers opened their wallets and spent during November and December ? a trend that could indicate a worrisome direction for consumer debt, according to the Freedom Debt Relief Quarterly Comment on consumer debt and credit issues.
Recent data from the Federal Reserve Board indicates that consumers went deeper into debt for both revolving and nonrevolving credit accounts in November 2011. Other statistics show that holiday retail spending in December was at least 4.7 percent higher than the same period in 2010.
?When spending and debt increase, but income stays the same or declines, it?s a problem for any budget,? said Kevin Gallegos, vice president of Phoenix operations for FDR. ?After the strain of several years of economic struggle, seeing revolving debt increase can mean people are giving in to the temptation or the need to rely upon credit to meet their household needs. When total debt begins to climb, we become concerned that those charges are not being paid off and could result in financial trauma for many Americans.?
The latest Federal Reserve statistics show that total consumer debt increased consistently during 2011, rising by 2.3 percent from the first quarter to the last. While that percentage might seem small, Gallegos noted, the total amount consumers owe has gone up by more than $ 56 billion since Q1 2011. To put that figure into perspective, it equates to every American age 18 and up owing $ 240 more than they did last January.
Recent financial data as reported:
1.