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Personal Finance News 05/2012



Australia cenbank surprises with aggressive half point rate cut
A reduction of 50 basis points in the standard variable mortgage rate saves an average borrower around A$1080 a year. Australia's banks are expected to only pass on some of this easing to their customers, choosing instead to maintain profit margins in ...

Labor and Coalition demand banks pass on rate cut
Mr Abbott called for a mortgage rate reduction and indicated it would be the Government's fault if banks didn't follow through as they had, he said, under Liberal Prime Minister John Howard. “If the Reserve Bank lowers interest rates today I think that ...

Legal & General Investments Releases Its Research Data Into Children's Views ...
Legal & General Investments Releases Its Research Data Into Children's Views ...

Mortgage Rate Rise Hits A Million Households
More than one million UK homeowners have seen the cost of their mortgage payments jump as lenders, including two state-backed banks, raise borrowing costs. Halifax, the Co-operative Bank, Clydesdale Bank and Yorkshire Bank are all raising their ...

5.9 Per Cent Personal Loan Rate Marks a Five Year Low
The launch of a new personal loan rate of 5.9 per cent from Sainsbury's Bank for borrowing between £7500 and £15000 taken over 1-3 years, marks the first time rates have fallen below 6.0 per cent since September 2007. The average interest rates for the ...

Are you shopping for a home?
The Globe's personal finance team sifted through MLS listings across the country (and even in the US) to see what $500000 gets you today. Check out that photo gallery on Wednesday. Canadian Mortgage Trends editor Robert McLister kicks off his first in ...

New Personal Loan Employee Training Announced By USA Payday Forever
USA Payday Forever has announced new training for their personal loan employees with a new training program. This is a preliminary step in their social media campaign. Recently, USA Payday Forever made the announcement they have created a special ...

Permanent tsb reduces mortgage rate by 0.5%
Permanent tsb bank has announced a 0.5% cut in their variable rate home loans for home owner mortgage customers only. The new rate of 4.69% takes effect from May 14th for owner-occupiers only. Jeremy Masding, the new Chief Executive of permanent tsb, ...

Finance is Everything: Tushar Mathur's Frugally Rich Story
His “Everything Finance“ blog the personal finance expert has penned for the last five years, with his team of trusty contributors, enlightens readers to everything from fun financial tips to advice on saving and investing. Mathur shared some of his ...

Personal Finance - Know Your Priorities
Have you ever realised that it is easier to spend than to save? Well that's normal because all our needs are met through spending. If this is one of your challenges, never mind. Here is how you can meet all your spending needs, save for your goals and ...

Local real estate developer files for bankruptcy
Despite the bankruptcy, Mansur continues to operate and will be unaffected by the bankruptcy brought about by personal loan guarantees to keep company projects afloat during the recession, Alig said. “In anticipation of a turnaround, I continued to ...

New Personal Loan Employee Training Announced By USA Payday Forever
USA Payday Forever has announced new training for their personal loan employees with a new training program. This is a preliminary step in their social media campaign. Recently, USA Payday Forever made the announcement they have created a special ...

Understanding Credit Risk Can Help Underbanked Make Smart Loan Choices
Enabling the 30 million "underbanked" Americans to understand the risk inherent in different personal loan products is the aim of the second quarterly booklet in the Personal Loans 101 financial literacy project, released today by the American ...

New Personal Loan Employee Training Announced By USA Payday Forever
USA Payday Forever has announced new training for their personal loan employees with a new training program. This is a preliminary step in their social media campaign. Recently, USA Payday Forever made the announcement they have created a special ...

Tuesday's Personal Finance Stories
By MarketWatch Taking inflation into account, US home prices are down to 1895 levels. Yes, that's right, 1895. And 1986 and 1955 levels too, Jack Hough writes in his By The Numbers column. That's because the natural rate of price appreciation for ...

30-Year Fixed Mortgage Rate Continues to Slide, Current Rate is 3.69 ...
30-Year Fixed Mortgage Rate Continues to Slide, Current Rate is 3.69 ...

Zillow: US 30-Year Mortgage Rates Fall A Second Week In A Row
The 30-year fixed mortgage rate on Zillow's Mortgage Marketplace edged down to 3.69%, from 3.72% a week earlier. The rate hovered around 3.7% to 3.74% for most of the week. In March, a string of positive economic news helped lift Zillow's measure of ...

Jon Elder Reveals What Sparked His Passion for Personal Finance
By GoBankingRates Staff Jon Elder of Free Money Wisdom was unknowingly one step ahead of the game when it came to personal finance. When he recognized the gap in financial literacy among his peers, he took it upon himself to educate, inform and empower ...

Trade Social Security for Fat Tax Refund?
If you're married, I'd suggest keeping the Social Security benefits. If you're single, I'd base the decision on your life expectancy and what you'd do with the $55000 if you took the tax refund. Like most personal finance decisions, there's not one ...

Fracker Aubrey McClendon Booted From Chesapeake Board
Details are still sketchy, but it looks like McClendon was forced to step down by shareholders who were pissed off about the revelation of a shady billion dollar personal loan from Chesapeake. (You can read about the details of the loan deal here.) ...

Australia's ANZ posts record H1 as offshore ops grow
ANZ sets its variable mortgage rate on the second Friday of each month. The lender raised mortgage rates by 6 basis points in February and April as the central bank held rates steady, invoking sharp criticism from customers and the country's ...

Best type of loan to get
Personal loan, Business loan? Should I keep the debt and buy a second investment property with the equity in the residence? Please help. Answer: You first should find out the timing of the inheritance - is it definitely going to be paid within two ...

Likely delay to mortgage relief
ANZ will report on any mortgage rate move late next week, in line with its stated policy. The bank's Asia division reported a 21 per cent increase in income, which vindicates its strategy of diversifying into Asia, and it is on track to increase its ...

One million homeowners hit by mortgage rate rise... and there's more pain on ...
One million homeowners hit by mortgage rate rise... and there's more pain on ...

High tide for bank whingers
In accessing the differences, one of most common mistakes is to look at the published “standard variable mortgage” rate. It's the figure constantly reported and it actually doesn't mean much at all aside from it being a yardstick for movements in the ...

National Australia Bank cuts variable mortgage rate by 32 bp
SYDNEY May 2 (Reuters) - National Australia Bank said on Wednesday it will lower its standard variable mortgage rate by 0.32 percent per annum, a day after the central bank lowered the cash rate by a 50 basis points. The move will see NAB's variable ...

Rating agencies to give budget thumbs up
But the only big four bank to respond was the National Australia Bank, which on Wednesday cut its standard variable mortgage rate by a less-than-expected 32 basis points. "This is an insult to hardworking Australians with a mortgage or small business, ...

Store of value
This article was first published in the first-quarter 2012 edition of Personal Finance magazine. We humans fund crazy places to hide our valuables in stressful times: inside a curtain rail, in a vase with fake flowers, even at the bottom layer of the ...

Understanding Credit Risk Can Help Underbanked Make Smart Loan Choices
By AFSA Education Foundation WASHINGTON, May 1, 2012 /PRNewswire-USNewswire/ -- Enabling the 30 million "underbanked" Americans to understand the risk inherent in different personal loan products is the aim of the second quarterly booklet in the ...

Cheap without the nasty
This article was first published in the first-quarter 2012 edition of Personal Finance magazine. The holidays are over … the silly season has left most of us with a hangover bigger than our bank balances and a mid-section I am scared to show in public ...

Mortgage approvals down on average
"After all, news that the UK has re-entered recession can only have dampened consumer confidence, which already looks weak relative to the level of housing market activity." He warned that mortgage rate rises are "probably not over yet" as problems in ...

Rob Carrick's Reader: Women who rent homes weigh less
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick. A US study showing that women who rent a home weigh less and feel healthier than women who own is mentioned in ...

Madiba mania: let the buyer beware
Sales consultants at Scoin Shop outlets visited and telephoned by Personal Finance consistently stressed that rises in the prices of the medallions were rapid after issue and accelerated even more after a particular issue was sold out and the market of ...

U.S. Senate Hopefuls to Appear at Bipartisan Forum
Paul Sadler raised more than $77000, all during the first quarter except for a $5000 personal loan. He has $33574 on hand. Some of his biggest financial support came from political action committees — $2500 from the Brotherhood of Locomotive Engineers ...

Why smaller down payments can lead to better mortgage rates
It doesn't make much sense, but a skimpy down payment on a home might actually get you a better mortgage rate in today's market. Blame the government subsidy known as mortgage default insurance, which ultimately makes it less risky to lend money to ...

Wednesday's Personal Finance Stories
By MarketWatch We're bombarded with alarms about the risks to our identity, our money, our children—you name it. But Jennifer Openshaw writes in her column today about how the technology of fraud detection, particularly for bank and credit-card ...

Personal Finance Authority Ric Edelman Celebrates 20 Years on Radio
Ric Edelman, the award-winning financial advisor and radio talk show host, celebrates 20 years of radio excellence – close to 1000 shows – with his broadcast this weekend. Edelman's show, The Truth About Money with Ric Edelman, featuring financial ...

Personal finance education: Show them the money!
Educators have recognized this, and in September, Virginia became the fourth state – alongside Tennessee, Utah and Missouri – to implement a mandatory class in personal finance and economics for all incoming freshmen. And Maryland just became one of 21 ...

How Faison made his half million personal loan disappear
Faison loaned his committee account $506654 on January 1, according to campaign reports made public this week. On January 3, his campaign repaid Faison $505000. So by January 3, his personal loan to the campaign was $1564 – far less than the half ...

Australian economy: CBA cuts variable mortgage rate by 40bps
Not quite passing on the full 50bps but definitely better than the NAB which only reduced by 32bps yesterday. The opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider ...

CBA cuts variable mortgage rate
Australia's largest lender Commonwealth Bank has trumped its rivals by cutting its interest rates by 0.4 per cent. The rate cut fails to match the Reserve Bank of Australia's (RBA) surprise decision to reduce the cash rate by 0.5 per cent but exceeds ...

The 10 best personal finance apps
1. UK Salary Calculator £0.69, iPhone This is a great one if you've just got a new job and want to figure out how much money you have after tax, student loan, pension contributions and the like. Simply put in your gross salary and it works out the rest ...

USA Payday Forever Announces Their Payday Loan Team Has Been Trained Under New ...
USA Payday Forever Announces Their Payday Loan Team Has Been Trained Under New ...

Personal Loan Website Maintenance Announced By USA Payday Forever
USA Payday Forever has scheduled website maintenance for their personal loan website. This comes after hearing from concerned customers that there are issues with the website. Today, USA Payday Forever has made the announcement that they will be ...

Current Mortgage Rates Today – Bank of America and SunTrust Make Changes
(Best Syndication News) Mortgage interest rates were lower today while lenders adapted to the changing marketplace (see mortgage rate charts below). Bank of America raised their rates while SunTrust lowered them. Stock prices started the day lower, ...

Program helps house veterans
Under the program, funded with a special DSHA set-aside of $5 million, any veteran, except those dishonorably discharged, may get a .5-percentage-point discount off the DSHA mortgage rate, which currently is 3.5 percent. In DSHA's example, a veteran ...

Three simple steps to financial success
Ms. Woollard, now a teacher in the Greater Toronto Area, says she learned most of her basic financial knowledge from reading personal finance magazines and books, and watching TV shows like Til Debt Do Us Part. She says early on she developed a ...

Money-ning with David Ning: Finance Philosophy from a Wisebread Blogger
By GoBankingRates Staff David Ning is like a household name for readers and fans of personal finance website Wisebread — one of the site's most popular contributors, he also runs his own “Moneyning” blog. Through his insightful tips and musings on ...

Will the banks EVER lend? Despite low base rates and quantitative easing, the ...
Will the banks EVER lend? Despite low base rates and quantitative easing, the ...

Bankrate: Mortgage Rates Tumble to Another Record Low
NEW YORK, May 3, 2012 /PRNewswire via COMTEX/ -- Mortgage rates fell for a fourth consecutive week and the fifth time in the past six weeks, with the average rate on the benchmark 30-year fixed mortgage rate dropping to 4.05 percent, according to ...



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