Racinos beating the odds in gambling industry
Indiana's two race track casinos in Anderson and Shelbyville are bucking a statewide trend.
Read User's Comments(0)
Honda apologizes for data breach at Canada unit
Honda Motor Co. has apologized for a security breach involving a hacked database of customers in Canada.
Germany voices support for Lagarde’s IMF bid
Germany's finance minister is voicing strong support for his French counterpart to become the new leader of the International Monetary Fund.
AP-GfK poll: Americans more upbeat about economy
Americans are growing more optimistic about the economy, a sentiment that is benefiting President Barack Obama.
Ralcorp rejects bid from ConAgra
Shortly after ConAgra Foods made a $4.9 billion bid for Ralcorp Holdings, the maker of Post cereal and store-brand products rejected the offer.
http://www.wthr.com/story/14576789/ralcorp-rejects-bid-from-conagra?t=2011-05-05T06:39:41Z
Schumer bill targets check accounts
Sen. Charles Schumer of New York is calling for new regulations to require banks to clearly and briefly describe checking account fees.
http://www.wthr.com/story/14552757/schumer-bill-targets-check-accounts?t=2011-05-02T08:45:20Z
First Time Homebuyers Come Up Winners with Mortgage Industry Changes
New changes in the mortgage industry can be daunting for first time homebuyers but it is meant to help. The changes were put in place so new homebuyers are not taken advantage of and so they are given full disclosure before they sit down to closing when it is often too late to do much of anything. First time homebuyers need to know three things before making this big purchase.
#1 The Up Front Fee – The application fee is still the loop hole a lender can use to make you feel pressured to stay with the company even if you do not like the terms. Even if you pay an application fee, you can back out if you do not like the terms and conditions of the contract. You are under no obligation to stay with the lender just because you paid the application fee.
#2 The New Safe Act – The Safe Act is a test the loan writer must pass in order to write the loan. This lets you know the person you are working with is the actual writer and not just a go between. If the person has not passed the test, then the person cannot write the loan and therefore cannot do anything more than act as a negotiator. The best thing to do is ask before you even pay the application fee.
#3 Good Faith Estimate – The lender is required to give you a Good Faith Estimate. As of January 2010, lenders have to tell you if your APR will change more than point 125 percent. They must do this within 3 days of finding out of the changes. The whole point is to give you time to consider the changes instead of springing the changes on you at closing.
You no longer have to spend hours finding info about best variable rate mortgage.