| If it sounds too good to be true, it probably is
The puppies are usually Yorkshire terrier or English bulldog breed, normally costing between $1,000 and $3,000, but are being offered for free. The scammer claims they don't care about the money but just want to find a good home for the "beloved puppies."According to Angie Barnett of the bureau, the fees for shipping the pet mount up and the consumer can lose hundreds of dollars before realizing they've been conned and will never get the puppy.The second scam involves the Geiko Financial and Trust Co.Beginning last July, the bureau was hit with a wave of inquiries and complaints about this company. It seems the company offered consumer loans and required an advance fee prior to payment of the "approved" loan. If the name sounds familiar .... The company imposed on the identity of GEICO, a reputable insurance company, by using a play-off on its company name and even using the popular advertising icon, the gecko, on its Web site.Similar advance fee loan scams apparently poured into the state this year with many companies claiming Maryland addresses exploiting names and advertising likened to those of established firms.They lured high risk consumers with the bait of guaranteed loans ranging from $5,000 to $10,000.
UTSA Tomas Rivera Center receives $129K grant
(Jan. 8, 2008)--The UTSA Tomás Rivera Center for Student Success (TRC) was awarded $129,441 by the TG Public Benefit Grant Program to help provide greater access to higher education and advance graduate student success with a new program. Created by the Texas Legislature in 1979, TG is a public, nonprofit corporation that administers the Federal Family Education Loan Program (FFELP). FFELP formerly was known as the Guaranteed Student Loan Program. TG provides federal student loan guarantees to help ensure access to higher education for millions of students across the country each year. .
PriceMyLoan Partners With Vistature Technologies
COSTA MESA, Calif. and IDAHO FALLS, Idaho, Aug. 6 /PRNewswire/ -- Vistature, a provider of data workflow interfaces for the financial industry, and PriceMyLoan (PML), an automated underwriting and loan pricing technology company, have partnered to develop integrations of PriceMyLoan to various LOS and third-party systems. The Vistature integration takes advantage of service-oriented architecture (SOA) technology to offer lenders a solution for the seamless transfer of PriceMyLoan data into existing LOS (Loan Origination Systems). PML is an advanced automated underwriting and loan pricing system designed specifically for correspondent lenders. The web-based, private-label system generates highly-accurate loan eligibility and pricing results for conventional, Alt-A and non-prime loan products.
The Man Who Is Creating a World Without Poverty
Since it first opened, Grameen's loans have totaled the equivalent of $6 billion, and virtually all are repaid, despite the initial poverty of the borrowers. And Grameen is no longer the only microcredit institution in Bangladesh. There are a number of others, such as the Bangladesh Rural Advancement Committee. Microcredit today reaches four-fifths of all poor families in the country, and we expect to reach all of them within five years. One of the key ideas behind Grameen Bank is the notion of “social collateral." Could you explain how this works, and how you came up with the idea? Is this a way of assuring that the loans are used for business rather than personal consumption, and are eventually repaid? Although the bank gives loans to poor women, there are no formal guarantees the loans will be repaid: There are no legal documents, no lawyers to assure repayment — no one can be sued.
UK lenders steer away from 100% mortgages
Mortgage lenders are withdrawing from offering 100 per cent home loans over fears that such products will now attract a flood of high-risk borrowers. Those lenders still offering 100 per cent deals are now charging interest rates of 8 per cent or more. In recent months, 10 lenders have stopped offering to advance the full value of a property, reducing the availability of these mortgages by almost one third compared with a year ago. But while brokers blame concerns over liquidity and a weakening housing market, some lenders admit they do not want to bear the cost of processing – and rejecting – applications from bad credit risks. Some providers fear as competitors withdraw from the market, they will face a sharp increase in applications. Norwich and Peterborough has now reduced its maximum loan-to-value from 100 per cent to 90 per cent.
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