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) Mortgage company says allegations are unfair and wrong
OMAHA — An Omaha-based mortgage company plans to fight state allegations of misconduct and will try to keep its state mortgage banking license.Bob Goldberg, president of Advantage Mortgage Service Inc., said the company conducts its business "in an exemplary fashion."On its Web site, Advantage Mortgage says it offers loans "for home purchases, refinancing, home equity allocation, debt consolidation and much more." . More>> - (
) Online Mortgage Directory Adds Tax Relief to Menu of Services for Consumers
LendingGateway.com just added Tax Debt relief to the company's menu of online applications that connect consumers directly to professionals who can help them.San Diego, CA (PRWEB) September 17, 2007 -- LendingGateway.com is expanding its menu of services to include Tax Debt Relief. As an online mortgage lender directory that connects potential borrowers matching lenders, LendingGateway.com receives many visitors with damaged credit or other financial issues. The company responded to the inquiries for help last month by adding Debt Consolidation and Student Loan Consolidation assistance. And because of further consumer interest in help with Tax Debt problems, LendingGateway.com partnered with Tax Debt Relief experts nationwide who can help applicants with their tax issues, be it a tax lien, unfilled taxes, or Wage garnishment. More>>
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) Online Mortgage Portal Receives Spike in Refinance Applications after the Fed Cut Rates
LendingGateway.com receives hundreds of online enquires to get into a fixed rate despite the interest rate drop.San Diego, CA (PRWEB) September 28, 2007 -- Over the last week, after the Federal Reserve cut interest rates by 0.5 percentage points, LendingGateway.com received an increase in online enquires and phone calls about how this will affect the home loan market. Despite the Federal Reserve's intentions of alleviating the "sub-prime" home loan chaos through the rate cut mortgage rates continued to increase.
"The most common thing we see is people that have adjustable rate mortgages worried about their interest rate increasing and affecting their ability to meet their monthly loan payment," explains Scott Olson, COO at LendingGateway.com, "the best advice our loan consultants give is to look into re-financing their existing home loan from an ARM to a safer fixed rate."
In addition to an increase in online mortgage applications, LendingGateway.com, also saw a jump in several debt consolidation enquiries on their online form at https://apply.lendinggateway.com/forms/debt.php
"Although we advise consumers to get into a safer fixed rate not everyone qualifies," says Alexander Capio, Owner and CEO of LendingGateway.com. More>>
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) New Site Empowers User with Unique Debt Consolidation Tool
LionSaves.com is a startup unlike any other mortgage site.Centennial, CO (PRWEB) October 18, 2007 -- A new web site has launched that provides users with a one of a kind savings tool. LionSaves.com (http://www.LionSaves.com) has taken over a year to build and is specifically designed for debt consolidation.
Over two million adjustable rate mortgages will be adjusting upward in coming months. This increase in payments, combined with consumer debt at an all time high of $2.39 trillion, will put additional financial pressure on many homeowners.
Debt consolidation is one answer for homeowners who have some debt and some equity in their home. It's done by refinancing the first or second mortgage and paying off consumer debt.
Debt consolidation provides multiple benefits for homeowners in this situation. More>>
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) Fukuda team built for reform but short of time
Analysts shrugged off any speculation Tuesday that Yasuo Fukuda's election as prime minister will have a major impact on the stock market because his Cabinet's economic policies are likely to be virtually the same as his predecessor's. Ever since the Democratic Party of Japan stripped the Liberal Democratic Party-New Komeito ruling coalition of its majority in the House of Councilors in July, Fukuda has spoken of the need to address the widening wealth gap and support rural areas hit hard by fiscal reforms under previous governments. . More>> - (
) Audit Group: Tightening in Credit Markets Could Complicate Corporate Accounting
Oct. 5, 2007 (Associated Press) WASHINGTON - The Center for Audit Quality weighed in Wednesday on credit-market jitters spawned by troubled subprime-mortgage loans, warning the problem may keep investors sidelined and pose challenges for auditors.The group, affiliated with the American Institute of Certified Public Accountants, issued three white papers addressing concerns raised by a liquidity crisis in credit markets. The crisis that could have a "potentially pervasive impact on public companies," the group said.
"It is not possible at this time to predict how long investors will stay on the sidelines or which markets will be most affected, but it is not unreasonable to expect - especially for subprime mortgage-related assets - that current conditions could persist for an extended period of time until the uncertainty is reduced," the Washington nonprofit said. More>>