American Currency

Introducer Today
Daily Mortgage Adviser News.

FSA hikes next year's funding by 15.6%
2 Feb 2012 at 11:20pm
The FSA has announced its farewell Annual Funding Requirement for the coming financial year – an inflation-busting increase of 15.6%. It was at pains to point out that most of the extra cost will be met by larger firms.   The FSA’s overall budget, which is paid for by industry levies, is to...
Second-time buyers being clobbered worse than FTBs
2 Feb 2012 at 11:19pm
Many home owners who want to trade up the housing ladder are being hit harder than first-time buyers, the Council of Mortgage Lenders has said. It says that lenders typically want deposits higher than those demanded of first-time buyers when measured against income. The CML says: “Although movers appear to be less...
Lloyds softens lending attitude on new-build
2 Feb 2012 at 11:18pm
Lloyds Banking Group is raising LTVs on mortgages for selected new-build houses from 80% to 90%. The new limit does not apply to apartments, where the maximum LTV remains at 80%. The 90% products are available through Halifax Intermediaries and will not be available on all new-build houses. They are restricted to...
Debt advisor firm joins forces with SimplyBiz
2 Feb 2012 at 11:17pm
Manchester-based debt management company The Debt Advisor has joined forces with SimplyBiz Mortgages.   The new arrangement will see The Debt Advisor extend its range of personal non-lending solutions to SimplyBiz Mortgages’ 2,700 registered members.   Martin Reynolds, chief executive of SimplyBiz Mortgages, said: “Whilst the key aim of a financial adviser is to...
Bridgebank Capital continued expansion
2 Feb 2012 at 5:25am
Further to Bridgebank Capital’s recent announcement of the appointment of Emma Hodson as their new Head of Marketing, and as part of their continued expansion, Bridgebank Capital are delighted to announce further staff growth in line with their continued business expansion. The Business Development and Case Management Processing Team has doubled...
New-build 95% mortgage indemnity scheme to extend to all UK buyers
1 Feb 2012 at 11:43pm
The mortgage indemnity scheme originally intended for first-time buyers is to be extended to all UK buyers of new homes at up to £500,000. Housing minister Grant Shapps has renamed the scheme NewBuy Guarantee, to be launched officially in March. In further boosts to the new homes industry, he announced that he...
State forks out too much to help struggling borrowers, says CML
1 Feb 2012 at 11:41pm
Struggling home owners who benefit from State aid to cover their mortgage interest payments should have the amount assessed according to their own individual mortgage. Support for Mortgage Interest (SMI) is paid at a flat rate, currently 3.63%, which is determined by the Bank of England average mortgage rate. But the Council...
Financial Ombudsman set to name names in published decisions
1 Feb 2012 at 11:40pm
The Financial Ombudsman Service is to press ahead with plans to include the names of firms when it publishes its decisions, despite concerns from businesses. In its summary of responses to its consultation paper, the FOS said that ‘many, but not all’ expressed worries that including names in decisions could have...
Six buy-to-let lenders now offering 80% deals
1 Feb 2012 at 11:38pm
There are now six mortgage lenders offering a total of 21 buy-to-let mortgages with LTVs of 80%. According to data from Mortgage Flow, specialist broker Mortgages for Business’s buy-to-let mortgage sourcing tool, the six now offering 80% LTV or above are Kent Reliance Banking Services, Saffron Building Society, Leeds Building Society,...
Former JC Flowers chief fined £2.8m after invoicing scam
31 Jan 2012 at 11:47pm
The FSA has fined the former chief executive of JC Flowers & Co UK, Ravi Shankar Sinha, £2.867m for fraudulently obtaining £1.367m. The money came from an un-named company owned by a private equity fund advised by JC Flowers, by means of a fictitious invoicing scheme. Sinha, a former Goldman Sachs banker,...
Mortgage approvals nudge up as year ends
31 Jan 2012 at 11:47pm
Lending secured on dwellings rose by £0.7bn in December to £13bn, just 0.8% up on the previous year, new figures from the Bank of England show. The number of loan approvals for house purchase was 53,939, up from 52,628 the previous month. The number of approvals for remortgaging also nudged up to...
New warnings over insurance problems for flood properties
31 Jan 2012 at 11:45pm
New warnings have been issued about properties at risk of flooding which could be both uninsurable and un-mortgageable within months. It follows a damning report from a group of MPs into the state of Britain’s flood defences. The Public Accounts Committee accused DEFRA (the Department for Environment, Food and Rural Affairs) of...
Legal & General launches two 95% LTV deals
31 Jan 2012 at 11:44pm
Legal & General’s Mortgage Club has launched two new 95% LTV deals for loans of up to £250,000. The deals are in conjunction with Newcastle Building Society. One offers a two-year fixed rate at 5.95% with a £800 completion fee plus a £195 reservation fee. The second product has a rate...
Mortgage Advice Bureau does police deal
31 Jan 2012 at 11:44pm
The Mortgage Advice Bureau has signed an exclusive deal to support Police Mutual  in providing its members with whole of market mortgage advice. The deal was announced on the same day that Home Secretary Theresa May approved a pay deal for police in England and Wales that will cut their overtime...
PPI 'ambulance chasers' rapped by compensation scheme
30 Jan 2012 at 11:51pm
Most claims for mis-sold payment protection insurance are being made through 'ambulance chasing' claims management companies. This is despite the fact that claims management companies have an only marginally higher rate of success than those being made by individuals – and clients have to pay them 25% of their compensation award. Between...

The Amero - North American Currency

NWO NORTH AMERICAN UNION CURRENCY (MIRRORED)

Next page: American Pounds

American Currency News

REUTERS BREAKINGVIEWS; In Latin America, A Zone of its Own

9 Dec 2011 at 12:00am  Almost two centuries ago, Simon Bolivar briefly united parts of what became more than a half-dozen Latin American nations. With the euro zone in turmoil, the notion of a single Latin American currency that partly reunites pieces of Bolivar's Gran Colombia seems far-fetched. Yet with private companies from the Texas border to the tip of Patagonia...

Read more...

---

THE TEXAS TRIBUNE; A Money-Laundering Case in Laredo Speaks to the Fears of T...

13 Nov 2011 at 12:00am  LAREDO -- The high walls of Alexander Estates, an affluent development nestled near this border city's country club and golf course, were supposed to keep the narcotics world at bay. But when federal agents raided the stately home of a downtown perfume salesman in January, it reinforced a notion that is feared by Texas leaders: the drug war...

Read more...

---

Perry Stands By Remarks on Fed Policy and Treason

17 Aug 2011 at 12:00am  DUBUQUE, Iowa -- Gov. Rick Perry did not back down on Tuesday, but he did not repeat his suggestion that the monetary policies of the Federal Reserve were potentially ''treasonous'' and could warrant ''ugly'' treatment should the Fed chairman, Ben S. Bernanke, ever pay a visit to Texas. ''Printing more money to play politics at this particular time...

Read more...

---