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Diane Alter – AHN News Reporter
Washington, DC, United States (AHN) – Mortgage giant Freddie Mac has its hands out again. The government-owned entity has requested $6 billion in additional aid after posting a greater loss than expected for the third quarter. The company announced Thursday that it lost $6 billion, or $1.86 a share, in the July to September quarter. That is in comparison to a loss of $4.1 billion, or $1.25 a share in the same quarter of 2010. Freddie’s $6 billion request in aid from taxpayers is the largest since April 2010. Reasons cited for Freddie’s steep losses are that many homeowners are paying less interest because they are able to refinance at [...] Continue Reading…
November 6th, 2011
Freddie Mac wants more–$6 billion more
October 13th, 2011
Solyndra bankruptcy episode claims first Obama Administration victim
Tejinder Singh – AHN News Correspondent
Washington, DC, United States (AHN) – Within 24 hours of President Barack Obama defending his administration’s decision to give a financial injection to solar energy company Solyndra, now under investigation after going bankrupt, the Obama administration lost its first high-level official directly connected with Solyndra. Jonathan Silver, executive director of the Department of Energy’s Loans Programs Office since 2009, resigned to become a distinguished visiting fellow at Third Way, the Department of Energy confirmed. “In early July, shortly after the fiscal year 2011 budget was completed by Congress and it became clear that no significant new funds were included for the loan program, Jonathan Silver informed me that he intended to return [...] Continue Reading…
June 20th, 2011
Boeing takes big orders at Paris Air Show
Boeing is feeling the love at Le Bourget as it announced dozens of orders for new commercial passenger aircraft during the Paris Air Show.
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June 20th, 2011
Choosing an Auto Refinance Loan Provider For You
Auto refinancing is an option consumers consider when they are faced with mounting debts that they are unable to pay. The main draw of auto refinancing is that the high rates of interest on a car loan can be reduced, meaning borrowers can potentially save some money. Another attraction of these loans is that the time period to repay the money lender is extended, which can make the installments more financially manageable. Auto refinancing companies offer lower rates of interest than many other options available. The refinance auto loan is based on the value of the client’s vehicle. Such a loan can only be taken out by the car owner, and all documents that are required with the application [...] Continue Reading…
June 18th, 2011
Some Things to Keep in Mind When Considering Auto Refinance
Consumers are fortunate to live in a market with many different refinance auto loan companies these days. To best find out what each company is providing, it is wise to do some research on the internet. There you will find much comprehensive information about refinancing, as well as advice on debt management and borrowers’ reviews on the services provided by loans companies. There are also comparison websites, which are regularly updated with the latest interest rates offered by the different financial institutions. In order to secure an auto refinance loan at a low rate of interest, in comparison to your current lender, potential borrowers should have a solid credit history. The better the financial record, the lower the potential [...] Continue Reading…
June 18th, 2011
Raleigh Plan Proposes New Facility With Space for Fleet Services
RALEIGH, NC – The City of Raleigh’s proposed 2012 capital improvement program includes a remote operations center that would have space for the City’s Vehicle Fleet Services division.
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June 17th, 2011
Advantages of Choosing a Refinance Auto Loan
The refinance auto loan is a service offered by money lenders for consumers wishing to lower the amount of money they are paying on a car loan. Companies usually offer potential borrowers lower rates of interest on a refinance auto loan than on a new car loan. If car owners are experiencing difficulties in repaying their car loan, it can be a wise decision to refinance the car loan. It doesn’t matter whether the car is new or old, but as vehicles lose value quickly, the longer you wait, the less chance you have of securing a keen, low rate of interest. The refinance auto loan allows customers to pay off the loan on a monthly basis to money [...] Continue Reading…
June 17th, 2011
Mike Hill Returns to Municipal Services Group
LITTLETON, CO – Mike Hill has returned to Municipal Services Group as the West Coast Regional Manager.
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June 16th, 2011
What Makes Low Interest Car Loans Unique
There are many reasons why you should look for low interest rate car finance. Let’s begin with the first one and gradually we will move forward discussing other reasons as well. Low interest rate auto loan will save you money. Yes! Yes! Yes! If you are planning to finance a used car or brand new car, make sure that you go for low interest rates as you will repay the lender low interest payments and use major chunk of your finance for personal development as well as development of your kids and family. Low interest auto financing is also quite important to consider when you are going for low interest bad credit auto financing. If you have bad credit [...] Continue Reading…