Auto loans slow in August blip
Last Thursday, many economists seemed confident that the Fed’s consumer credit figures for August, due out the following day, would continue to show rises. Early on Friday morning, Bloomberg Businessweek published the results of a survey of economists, who on average expected borrowing to rise by $8 billion.
Well, we should be used to economists being wrong by now. (Your blogger is fond of the old saying, “Economists were invented to make astrologers look good.”) And, sure enough, when the actual figures for all consumer credit–except loans secured against real estate–were released by the Federal Reserve they showed a drop of $9.5 billion, compared with a rise of $11.9 billion in July.
The Fed doesn’t break out statistics just for auto loans, but rather wraps those up within its “nonrevolving credit” category, which also includes student loans and those for mobile homes, boats, trailers and vacations.
Anyone know of any good lenders for a mobile home loan?
Question by kittywisdom2000: Anyone know of any good lenders for a mobile home loan? I’ve found a really nice double wide home, but I cant find hardly any good lenders so I can get a loan with a very low down payment or no down payment. I really need all the advice possible for this loan. I would like to get it before the end of December. This is acually a double wide home on solid foundation and on 1 acre of land in town. Thanks
Best answer:
Answer by Brandon HuntGenerally local banks are your best bet, as they normally have the better interest rates, and are willing to work with down payments, credit, etc. Whereas most big banks just have a cookie cutter form.
With that said, most banks want to loan on both the home, and the property it sit on(or is going to sit on). T
Banks still have low levels of customer satisfaction
Over recent years, since the onset of the global financial crisis, High Street banks in the UK have seen their credibility plummet, with consumers having increasingly less faith in these institutions. Whilst the High Street banks still have general market dominance a recent survey has shown that compared to other financial institutions the UK’s High Street banks have fared poorly when it comes to consumer satisfaction levels.
The survey was carried out by the consumer campaign group Which? and involved the analysis of a total of twenty eight banks and building societies with regards to their customer satisfaction levels. This included satisfaction levels across the variety of services provided, such as current accounts, mortgages, credit cards, and savings accounts.
The results of the survey showed that none of the leading High Street banks in the UK managed to make it to the top fifteen when it came to customer satisfaction levels. T
World Markets Volatile Ahead of Bernanke Announcement
Many of the world’s economies have been ailing to the point of needing help for many years, weather through the use of government loans or business loans. The current state of the U.S. economy leaves a lot to be desired as people are finding that they are losing large chunks of their retirement funds quickly and do not have any clue of when things will start to look up and get better for them. There are certain events that can trigger a bad or good day when speaking of the stock market. Economic announcements and statistics that are released loom and do have an impact on the trading for that day. When the unemployment numbers come out and look bad, the market usually goes down as optimism fades fast. Other times, good economic news has the stock market up and everyone gets excited and starts buying what they feel are the available bargains out there. T