360° Coverage : Credit rises by $16B in Nov.

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Credit rises by $16B in Nov.

Source: Worcester Telegram & Gazette, Jan 9 2013, 3:33am CST

Consumer credit in the U.S. increased more than forecast in November, led by borrowing for student loans and automobiles. The $16 billion gain followed a $14.1 billion advance in October, Federal Reserve figures showed Tuesday in Washington. Th ...

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11 hours ago

Tesla CEO On Repaying Taxpayer Loan: I Hope We Did You Proud

Source: Forbes Blogs  |   May 22 2013, 4:15pm CDT

Electric car-maker Tesla Motors Tesla Motors wired almost half a billion dollars to the U.S. government on Wednesday, erasing the remaining balance on its 2010 taxpayer loan and sidestepping a continuing controversy over the ...

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Latest Car News

 
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9

13 hours ago

Jumbo Mortgages Make A Comeback: Goldman Sachs

Source: Value Walk  |   May 22 2013, 2:53pm CDT

The jumbo mortgage market shrank during the housing downturn. Jumbo mortgages, defined as loans with an original balance exceeding $417,000, contracted disproportionally after the onset of the housing crisis with house price ...

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Currently Trending

 
Update
8

16 hours ago

Senate Democrats propose student loan bailouts

Source: The Daily Caller  |   May 22 2013, 11:15am CDT

Following closely on the heels of Massachusetts Democratic Sen. Elizabeth Warren’s recent proposal to subsidize student loans through the Federal Reserve, another senator is taking aim at student loan debt with a bill that would give a bor ...

Continue reading on: The Daily Caller  More like this

 
Update
7

20 hours ago

Car Design Driving Increased Car Sales? Spare Me

Source: The Truth About Cars  |   May 22 2013, 7:30am CDT

A piece in Bloomberg that could hardly be seen as anything but relentless Detroit homerism puts forward the thesis that cutting-edge design is helping Detroit capture increasing market share in a white hot new car market. Per Bloomberg ...

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6

1 day ago

Washington, D.C. is No. 1 in Student Loan Debt Concentration

Source: DCist  |   May 21 2013, 2:53pm CDT

Washington is no. 1! Feel good? Well don't. Because we're No. 1 in student loan debt concentration. As Gawker reported, a new Federal Reserve Bank report shows that Washington, D.C. has the highest concentration of consumers with active stud ...

Continue reading on: DCist  More like this

 
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5

1 day ago

Arne Duncan Signals Worry Over Student Debt Levels

Source: The Huffington Post  |   May 21 2013, 1:57pm CDT

U.S. Secretary of Education Arne Duncan on Tuesday expressed concern at record student debt levels, signaling growing worry within the Obama administration and perhaps adding momentum to efforts meant to alleviate debt burdens. At an e ...

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4

1 day ago

Senator's plan: Let students refi at low rates, too

Source: Philly.com  |   May 21 2013, 1:49pm CDT

With more than $1 trillion in student loans outstanding and jobs still so hard to come by that the Federal Reserve is keeping interest rates at historic lows, Sen. Kirsten Gillibrand (D., N.Y.) has put forward a proposal to help both borr ...

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3

1 day ago

The Geography of Student Debt

Source: The Big Picture  |   May 21 2013, 4:10am CDT

This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for 2013 Q1. The report uses the FRBNY Consumer Credit Panel to show that outstanding household debt declined approximately ...

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2

2 days ago

Counterparties: Borrow as fast as you can

Source: Reuters Blogs  |   May 20 2013, 5:07pm CDT

American companies have gotten the message from the market: borrow as much as you can, as fast as you can. So far this year, $315 billion of investment grade bonds and $124 billion of junk bonds were issued, according to Thomson Reuters data, respectiv ...

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1

2 days ago

Unfortunately The Casino Does Not Always Win

Source: Seeking Alpha  |   May 20 2013, 11:37am CDT

Between the Casino stocks that I have been covering recently with exposure to Macau, MGM Resorts International (MGM) is the company with the largest exposure to the Las Vegas Strip market. MGM Resorts is the largest gaming company in the L ...

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