Posts belonging to Category Financial Category



Fifth Third Bank Selects Quiktrak to provide Audit Services and Technology

Quiktrak, Inc., a global leader in field inspection and inventory auditing services, announced they have entered into an agreement with Fifth Third Bank to provide field auditing services for its floorplan lending business. Utilizing their Revoquest system, Quiktrak will be performing audits in the field while Fifth Third Bank will take advantage of the technology to enhance efficiencies, analyze risk, and report completed audit results.

Fifth Third Bank’s dealer commercial services group provides a full range of commercial banking services to automotive, marine, motorcycle, RV and heavy-duty truck dealers. “We are very excited to be working with one of the banking industry’s premier brands,” said Greg Froomer, CEO of Quiktrak. “We fee

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Mortgage delinquencies rise slightly

The mortgage delinquency rate increased slightly from the first quarter (Q1) of 2011 to the second quarter (Q2) of 2011, according to the Mortgage Bankers (MBA) association.

The MBA’s National Delinquency Survey revealed that the Q2 2011 mortgage delinquency rate of 8.44 percent is an increase of 12 basis points from Q1.

“While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped,” Jay Brinkmann, MBA’s Chief Economist, said in a statement. “Mortgage delinquencies are no longer improving and are now showing some signs of worsening.”

The Q2 delinquency rate of 8.44 percent was a decrease of 141 basis points from Q2 of 2010, the MBA said. In addition

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European Cohesion?

BUFDG, NWUA, and UUK had an enlightening meeting with David Malpass from The Department for Communities and Local Government (CLG) to discuss the historic and prospective ERDF funding situation.

David was sympathetic to the difficulties experienced by HEIs. Of course, his team are going through a major transition, whereby the local RDA ERDF teams have all transferred to CLG, and will now work as a single team. In the short term some disruption to normal service is inevitable as a result of this reorganisation. However, once the new team has bedded in, this should improve consistency in approach.

We have gathered evidence that a significant number of you are very frustrated with the process and perceived in consistencies.

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Facebook Question: “Why do you use Credit Karma?”

You like monitoring your credit health.

Monitors my financial health for free. (Maria P.)

To monitor my credit rating. (Timothy R.)

To check my monthly credit score. (Steve M.)

Truly free credit score monitoring! (Rosana C.)

To keep tabs on credit score. (Gayle A.)

You like building and keeping credit.

To help build my credit. (Courtney E.)

Rebuilding after divorce. (Heidi A.)

Got me back on my game. (Arthur E.)

Keeps me on track. (Elizabeth C.)

It helps me keep on track. (Laura S.)

To know what’s going on. (Susan W.)

You like learning about credit.

It’s helping my credit knowledge!

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What’s Your Biggest Summer Splurge?

I’m all about talking about spending wisely here at PT Money. So I wanna know, what’s been (or what will be) your biggest splurge of the Summer months?

I’m not talking about wasted spending. I’m referring to something expensive and unnecessary that you consciously chose to buy.

For instance, you might have taken an extra-special vacation this Summer. Or maybe you finally broke down and purchased the new Apple iPad 2.

I’ve had a real urge to splurge here lately. I’ve got my sights set on a classic motorcycle. It’s a 70′s Honda CB550. When it’s all said and done, after riding classes, my license, gear, and the bike, I’m looking at shelling out $3,000. I’ve never really b

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Should You Walk Away from Your Mortgage?

Even though the recession has been “officially” over for quite some time, many people are still feeling the pinch.

Indeed, many homeowners are starting to feel worried about what’s next. With home values still low, many are underwater on their homes — and worried about how long it will take to move from negative equity to positive equity.

Others not only have negative equity, but are also having trouble making payments. With tough choices ahead, the prospect of strategic default (i.e. to walk away from your mortgage) becomes increasingly attractive. But is it something you should do?

From a strictly financial standpoint, strategic default can make sense in some cases. If you

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