Ireland Completes Early Repayment of Some IMF Loans

The Irish government Thursday said it has completed the early repayment of almost half of the loans it received from the International Monetary Fund under its 2010 bailout, a move that will save it hundreds of millions of euros in future interest payments.

The repayment underlines Ireland’s progress in recovering from a banking and fiscal crisis that began in 2008 and forced it to seek financial help from the fund, the European Union,…

Police: Man in stolen car robs Post Falls bell ringer

POST FALLS, Idaho – The Post Fall Police Department said someone stole another red kettle, this time from a Salvation Army bell ringer at a Super 1 Foods in Post Falls.

Over the weekend, Spokane Police said someone stole a red kettle from a bell ringer at the Roasuers on East 29th Avenue in Spokane.

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The red kettle stolen from the Super 1 Foods in Post Falls had around $300 in it at the time of the theft.

According to police, the suspect was driving a stolen car when he robbed the bell ringer in Post Falls.

Before the red kettle robbery, police said employees at Auto Credit reported that...

Local Peer to Peer Lender Folk2Folk Hits £40 Million in Loans

Folk2Folk, a locally focused peer to peer lending platform, has passed a bit of a milestone.  The P2P site has now originated over £40 million in loans with a default rate of zero.

Folk2Folk is the future of finance.  The company is targeting local businesses in need of funding.  Small companies ignored by local banks have found a new source of much needed capital to grow their businesses and build their local community.

Managing Director David Brown reflected on the achievement;

“It’s really time for us to say a huge thank you to all of our staff, agents, customers and contributors throughout Cornwall, Devon and North East Somerset who have...

Businesses still waiting on Sandy rebuilding loans

Gigi Liaguno-Dorr, owner of JakeaBobs Bay in Union Beach, pictured with fiance Wally Van Orden, has not received loan money.(Photo: TANYA BREEN/STAFF PHOTOGRAPHER)

If You Have Student Loans, Here’s What You Need to Do in December

By Kaitlin Butler, CommonBond

I work at a student lending company built by, and for, people who have experienced firsthand the challenges that traditionally come with managing student loans. Even simply knowing exactly what youre paying each month can be tough if youre repaying multiple loans with different billing systems, interest rates and complications.

Here are three things you can do before December ends in order to save yourself both money and time in 2015.

1. Get ahead on your taxes. You may feel that taxes are the only financial topic thats less enjoyable than student loans, but it helps to prepare now for all the tax forms that will start arriving in January....

Jersey Shore businesses wait on Sandy loans

Tim and Beth McLoone react this summer as their iconic restaurant, the Rum Runner in Sea Bright, is demolished. They’re waiting for rebuilding aid promised by the state, but time is running out.(Photo: file photo)

Quicken Loans to make Detroit’s Campus Martius a winter playground in February

DETROIT, MI – Detroit-based mortgage lending company Quicken Loans Inc. announced Thursday that the 11th annual Winter Blast will be held Feb. 6, 2015 through Feb. 8.

The event is now coined the Meridian Winter Blast, as Meridian Health Plan is the title sponsor.

The three-day event will offer Metro Detroit a chance to celebrate winter with free ice skating, dogsled demonstrations, skating performances and live music.

The Whitney and Mercury Burger Bar have also been added to the selection of Detroit establishments serving food and drink at the event.

We are thrilled to return as the title sponsor of the Meridian Winter Blast, Jon Cotton, president and chief...

Spending Bill Bans FHA from Financing Eminent Domain Loans

The so-called cromnibus appropriations bill passed by the House late Thursday included a little-noticed provision that would make it more difficult for municipalities to use eminent domain to condemn and seize underwater mortgages.

The massive $1.05 trillion spending bill would ban the Federal Housing Administration from refinancing loans that have been seized via eminent domain. The bill is expected to be passed by the Senate soon.

Proponents of eminent domain such as San Francisco-based Mortgage Resolution Partners were planning to use FHA-insured loans to refinance loans that have been seized by municipalities and written down to their current appraised value.

But so far,...

Home loans available for as little as 3% down

Fannie Mae and Freddie Mac have set terms for letting borrowers put down as little as 3 percent of a home’s cost to get mortgages, a step criticized by Republican lawmakers as a return to risky lending.

Starting Saturday, Fannie Mae will allow the lower down payments for first-time homebuyers and permit refinancing borrowers to reduce equity to 3 percent to cover closing costs, the company said Monday in a statement.

Freddie Mac will begin a more limited program in March giving breaks to lower-income buyers and first-time borrowers who get housing counseling.

“These underwriting guidelines provide a responsible approach to improving access to credit while ensuring...