KiloGold

Don’t you dare pay off mortgage with IRA
Refinancing or getting a reverse mortgage can provide you cash and spare your retirement funds.

Read more on Bankrate.com via Yahoo! Finance

DHT Holdings, Inc. Reports Second Quarter 2011 Results and Declares Quarterly Dividend of $0.10 Per Share
ST. HELIER, Channel Islands–(BUSINESS WIRE)–DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced: Highlights The Company declared a cash dividend of $0.10 per share for the quarter payable on August 4, 2011 for shareholders of record as of July 28, 2011. On May 31, 2011, the Company announced that it will offer to acquire all the shares of Saga Tankers. Saga is a Norwegian …

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State’s 344 foreclosures in June lowest since January 2009
Effects of Hawaii’s new foreclosure law severely curtailed activity against delinquent borrowers in June.

Read more on Honolulu Star-Advertiser

Parties assess debt options as time runs short
(AP) — Congress and the Obama administration are weighing their options as time closes in on the deadline for raising the nation’s debt ceiling, and the White House may call another meeting Sunday of congressional leaders and President Bar read more

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Debt face-off shifts to Congress, bargain in play
JIM KUHNHENN Associated Press WASHINGTON Negotiations to increase the nation’s debt ceiling shifted to Congress where Republican and Democratic leaders were assessing the mood of their members even as an intricate but potentially face-saving deal to avoid an unprecedented government default was taking shape in the Senate. With an Aug. 2 deadline looming and no compromise jelling at the White …

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DFL legislators unlikely to provide votes for deal
Sheran, Brynaert dissatisified with reliance on debt

Read more on Mankato Free Press

YOUR CREDIT RESOURCE: Debt assistance could hurt business owner’s credit
Q. I am the owner and only employee at my small business. I have some debt because of business expenses. Recently, I received a notice from a debt assistance company that says it helps small businesses. It said I was eligible for up to $39,000 in debt relief. Is this a good deal, or is it too good to be true?

Read more on Rapid City Journal

S&P: Strong China Growth to Cushion Local Government Debt Default
Strong economic growth in China will likely limit the credit costs of local government debt and cushion any blow to the country’s major banks, even as non-performing loans rise, Standard & Poor’s said on Thursday.

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Venture West Funding Arranges $16.7 Million in Loans with Sterling Savings Bank
EL SEGUNDO, Calif.–(BUSINESS WIRE)–Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA, announced it has arranged six loans totaling $16.7 million for the refinance of six apartment buildings in Inglewood, CA. The portfolio of loans was arranged by Dave Meis, senior loan officer of Venture West Funding’s Orange County office for a Los Angeles-based private investor …

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Foreclosures Are the Solution, Not the Problem
NEW YORK (TheStreet) — Former Federal Deposit Insurance Corp. Chairman Sheila Bair made some excellent points in her Washington Post Op-ed piece Monday but overlooked one important point: The U.S. needs to double down on foreclosures. To the former regulator, forgiveness is the answer. Bair said that the banks had showed a “stubborn refusal to deal head-on with past-due and underwater mortgages …

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