Oct 25

Capsugel Announces Consent Solicitation for 7.00%/7.75% Senior PIK Toggle Notes due 2019

Morristown, N.J. (PRWEB) July 17, 2014

Capsugel S.A. (the Company) announced today that it is soliciting consents from holders of its outstanding 7.00%/7.75% Senior PIK Toggle Notes due 2019 (CUSIP Nos. 14070H AA6 and L14578 AA3) (the Notes) to approve an amendment (the Proposed Amendment) to the Limitation on Restricted Payments covenant contained in the indenture relating to the Notes (the Indenture) to allow the Company to make a one-time distribution to holders of the Companys capital stock.

The Company will make a cash payment (the Consent Payment) of $ 5 per $ 1,000 in aggregate principal amount of Notes held by each holder of the Notes as of the Record Date (as defined below) who has validly delivered a duly executed consent at or prior to the Expiration Time (as defined below) and who has not revoked the consent in accordance with the procedures described in the Consent Solicitation Statement (as defined below). The Consent Payment will be paid concurrently with the consummation of the proposed offering of an additional $ 415 million of Notes to be issued under the Indenture (the Proposed Offering) and is subject to the conditions described in the Consent Solicitation Documents (as defined below).

Adoption of the Proposed Amendment requires the consent of the holders of at least a majority of the aggregate principal amount of all outstanding Notes voting as a single class (such consent, the Requisite Consents). The aggregate outstanding principal amount of the Notes as of July 16, 2014 was $ 465,000,000.

The Company anticipates that, promptly after receipt of the Requisite Consents at or prior to the Expiration Time, the Company will give notice to The Bank of New York Mellon, as trustee (the Trustee), that the Requisite Consents have been obtained and the Company and the Trustee will execute and deliver a supplemental indenture with respect to the Indenture (the Supplemental Indenture and such time, the Effective Time). Pursuant to the terms of the Supplemental Indenture, the Proposed Amendment will become effective at the Effective Time and shall thereafter bind every holder of Notes. Although the Supplemental Indenture will become effective at the Effective Time, the Proposed Amendment will only become operative upon consummation of the Proposed Offering and payment of the Consent Payment to the consenting holders. No Consent Payments will be made and the Proposed Amendment will not become operative if the Proposed Offering is not consummated.

The consent solicitation will expire at 5:00 p.m., New York City time, on July 23, 2014 (such date and time, as the Company may extend from time to time, the Expiration Time). Only holders of record of the Notes as of 5:00 p.m., New York City time, on July 16, 2014 (the Record Date), are eligible to deliver consents to the Proposed Amendment in the consent solicitation.

The consent solicitation is being made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated July 17, 2014 (as it may be amended or supplemented from time to time, the Consent Solicitation Statement), and the accompanying Consent Letter (together, the Consent Solicitation Documents). The Company may, in its sole discretion, terminate, extend or amend the consent solicitation at any time as described in the Consent Solicitation Statement. Consents may be validly revoked at any time prior to the earlier of (i) 5:00 p.m., New York City time, on July 23, 2014 or (ii) receipt by the Company of the Requisite Consents.

Copies of the Consent Solicitation Documents and other related documents may be obtained from Global Bondholder Services Corporation, the Information and Tabulation Agent, by email at contact@gbsc-usa.com or by telephone at (212) 430-3774 (collect) or (866) 470-4200 (U.S. toll free). Holders of the Notes are urged to review the Consent Solicitation Documents for the detailed terms of the consent solicitation and the procedures for consenting to the Proposed Amendment. Any persons with questions regarding the consent solicitation should contact the Information and Tabulation Agent or the Solicitation Agent, Citigroup Global Markets Inc., at (212) 723-6106 (collect) or (800) 558-3745 (U.S. toll free).

This announcement is for information purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security. This announcement is also not a solicitation of consents with respect to the Proposed Amendment or any securities. No recommendation is being made as to whether holders of Notes should consent to the Proposed Amendment. The solicitation of consents is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or blue sky laws.

Forward-Looking Statements

This press release includes certain disclosures which contain forward-looking statements. You can identify forward-looking statements because they contain words such as believes and expects. Forward-looking statements are based on the Companys current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.

# # #

For investor inquiries, contact Ed Prosapio at +1 (862) 242 1622

or edward(dot)t(dot)prosapio(at)capsugel(dot)com.

For media inquiries, please contact Frank Briamonte at +1 (862) 242 1652

or frank(dot)briamonte(at)capsugel(dot)com.







Oct 23

AICOX Selects IDC STAR Pro Audio Solution for Latin American Radio Network

Ottawa, ON (PRWEB) September 09, 2014

International Datacasting Corporation (TSX: IDC), a technology provider for the worlds premiere broadcasters, has been selected by AICOX to upgrade a large radio distribution network in Latin America. IDCs STAR Pro Audio Solution will be deployed in a multi-format audio network reaching millions of listeners in over 20 major cities.

The STAR Pro Audio Solution has been selected to replace an existing multivendor network, including both IDCs ABR receivers and those from other vendors. IDCs proven audio solutions include advanced features, which allow operators to improve audio quality, increase advertising revenues, and reduce costs.

IDCs industry-leading audio products and reputation for reliability were key factors in our decision to upgrade this network with the STAR Pro Audio Solution, said Carlos Laborda, President and Director General of AICOX. The deployment of this system will enable more efficient use of satellite bandwidth as well as providing leading edge features for the future.

The solution included IDCs P561 audio encoder and the STAR-2 Pro Audio satellite receiver, which features two audio decoders. The decoders support the latest High-Efficiency Advanced Audio Coding (AAC HE), providing superior audio quality and reduced bandwidth requirements, as well as MPEG Layer 2 for compatibility with existing systems.

The selection of the STAR Pro Audio Solution for yet another radio network refresh is evidence of IDCs continuing success in delivering market-leading solutions to the broadcast industry, said Doug Lowther, President and CEO of IDC. We are especially pleased to support another large Latin American network upgrade with our latest generation audio solution.

About International Datacasting Corporation:

International Datacasting Corporation (TSX: IDC) is a technology provider for the worlds premiere broadcasters in radio, television, data and digital cinema. IDCs products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. For more information visit: http://www.datacast.com.

Forward-Looking Statements:

This press release contains certain information that may constitute forward-looking information and/or forward-looking statements within the meaning of applicable Canadian securities laws including, without limitation, managements beliefs with respect to strategy, efficiencies, results and costs savings in Fiscal 2015, managements expectations with respect to customer acceptance of, and the receipt of orders for, the companys products, and managements expectations with respect to the impact of new personnel and a restructured sales force. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material assumptions used to develop the forward looking-statements made in this release include anticipated cost savings resulting from the initiatives taken by IDC under its action plan, anticipated impact of senior personnel, consolidation of operations and restructuring of the sales force, managements perceptions of current conditions and expected future developments, expectations regarding future shipments of IDC products, managements knowledge of the current credit, interest rate and liquidity conditions affecting IDC as well as other considerations that are believed to be appropriate in the circumstances.

All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.

Forward-looking statements are generally identifiable by use of the words may, will, should, continue, expect, anticipate, estimate, believe, intend, design, plan or project or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDCs growth; expectations regarding new product initiatives and timing, including the STAR Pro AudioTM Solution, LASER Targeted Ad Insertion Platform, and TITAN 3 Video Encoder; a lengthy and variable sales cycle for IDC’s products and services; any difficulties or disputes with IDCs subcontractors, contract manufacturers and suppliers; IDCs dependence on the development and growth of the satellite services market; a lengthy and variable sales cycle for IDC’s products and services; IDCs reliance on a small number of customers for a large percentage of its revenue; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement. Further, any incorrect identification of, or failure or delay in identifying, areas that require attention in IDCs business as part of the companys strategic review, or inability to successfully address areas requiring increased focus in accordance with IDCs action plan, could materially adversely affect the companys business, financial conditions, and results of operations as well as other key indicators.

More detailed information about potential factors that could affect IDCs financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at http://www.sedar.com, including, without limitation, IDCs Annual Information Form and MD&A for the year ended January 31, 2014, and our MD&A for the quarter ended July 31, 2014.

Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are provided to assist external stakeholders in understanding IDCs expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.

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For more information, contact:

Walter Capitani

International Datacasting Corporation

+1-613-596-2400 x2287

wcapitani(at)datacast(dot)com







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Oct 21

NAPUS Federal Credit Union to Attend the 2014 NAPUS National Convention


(PRWEB) September 09, 2014

NAPUS Federal Credit Union will be participating in the 2014 NAPUS (the National Association of Postmasters of the United States) National Convention from September 13th-18th at the Atlantic City Convention Center in Atlantic City, New Jersey. Through their affiliation with NAPUS, the Credit Union attends the convention every year and provides attendees the opportunity to meet the staff, conduct transactions, and learn more about NAPUS FCU’s valuable products and services.

Both members and non-members are invited to stop by the NAPUS FCU branch operation and learn how the Credit Union can improve their financial lives. Members will have the convenience of conducting transactions such as withdrawals, deposits, loan payments, and check cashing. Members will also have the opportunity to apply for signature loans, auto loans, credit cards, mortgages, business loans, and more. Informational materials will be available for potential members and anyone who is interested in learning more about NAPUS FCU’s low rates and convenient services. As an added bonus, attendees who visit the NAPUS FCU table will have a chance to win several gift card prizes.

NAPUS FCU will be presenting their five year share certificate and Elite Checking account. The five year certificate earns 2.00% APY* and is a great way to save money, and the Elite Checking account earns a whopping 3.00% APY** on balances up to $ 15,000 with no minimum balance requirement. Further details about NAPUS FCU’s products and services can be found on their website at http://www.napusfcu.org.

Anyone interested in joining NAPUS FCU can visit http://www.napusfcu.org/New-Members-Page to fill out an application. Consumers may be eligible to join NAPUS FCU through the American Consumer Council (ACC). Please visit the ACC’s website at http://www.americanconsumercouncil.org for more information on membership eligibility.

Federally Insured by the NCUA.

Equal Housing Lender.

*Annual percentage yield is accurate as of September 1, 2014, is set by the Board of Directors, and may change without notice. The minimum deposit for certificates is $ 500. A penalty may be imposed on certificate if it is withdrawn before maturity. Fees or other charges could reduce the earnings on the account.

**Annual percentage yield is accurate as of September 1, 2014, is set by the Board of Directors, and may change without notice. Fees could reduce the earnings on your account. To earn advertised monthly dividends on Elite Checking you must, on a monthly basis: use your debit card at least 10 times, have a total of $ 1,000 directly deposited into your account, and be enrolled in e-statements. Only one Elite Checking per member. If any of the requirements are not met, you will earn the regular checking account rate for that month. Balances exceeding $ 15,000 earn the regular checking APY while balances below $ 15,000 will earn the Elite checking APY.







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Oct 18

Texas Company Allegedly Used Social Networking Site Facebook and Text Messages to Collect Debt from Texas Consumer

Houston, Texas (PRWEB) November 15, 2011

Social Networking websites and mobile technology have created new ways to communicate and connect with family, friends and businesses as well, however one Texas company allegedly went too far when attempting to collect payment for home improvement services. In addition to alleged contact via Facebook, Texas consumer and Plaintiff Lynn Kirkpatrick received numerous text messages, cell phone calls and voice mails that contained obscene and offensive language and threats according to a petition (No. C2011-1319A) filed in the Comal County Texas District Court by Weisberg & Meyers, LLC, Attorneys for Consumers. The complaint alleges defendants Homeland Septic, LLC and owners Justin Smock and Lawrence Brumbelow violated the Texas Fair Debt Collection Practices Act and the Texas Deceptive Trade Practices Act, Texas Business Commerce Code.

According to court documents, Plaintiff Lynn Kirkpatrick contracted with Homeland Septic to perform work in his back yard on the septic system and allegedly did not accept or approve the work and disputed the final bill. Homeland Septic allegedly claimed the work was complete and payment for the services was due and despite Mr. Kirkpatrick’s disputes, the defendants allegedly continued to hound Mr. Kirkpatrick for payment.

Collection efforts allegedly included voice mails and text messages containing abusive, vulgar language and threats regarding Mr. Kirkpatricks family and home. According to court documents, defendant Smock allegedly sent a communication to Kirkpatrick using social media site Facebooks messaging system, claiming he had placed a lien on Plaintiffs house for an amount that was 3 times the amount of the money owed when in fact court records showed no lien had been officially filed and placed on Mr. Kirkpatricks home.

According to recent news articles, the collection methodology used by debt collectors has changed due to the popularity of social networking sites such as Facebook, Twitter and LinkedIn and the easy access to users personal information these sites provide. Many social networking users are unaware of the privacy settings available in their account which could prevent unauthorized access by any non-friends, including debt collectors. These sites can provide a plethora of information to a debt collector including contact details, friends and employment, thus aiding in locating a debtor and facilitating debt collection efforts.

According to Mr. Kirkpatricks attorneys Weisberg & Meyers, LLC, Attorneys for Consumers and the petition, Homeland Septic allegedly committed multiple violations causing the plaintiff to suffer personal humiliation, embarrassment, mental anguish, and emotional distress. The plaintiff seeks awards for actual, exemplary and emotional/mental anguish damages.

About Weisberg & Meyers, LLC, Attorneys for Consumers

Weisberg & Meyers LLC, Attorneys for Consumers, is a nationally recognized consumer law firm, has attorneys licensed to practice in Arizona, Colorado, Florida, Georgia, Illinois, New Jersey, New Mexico, New York, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Washington, and works with attorneys throughout the country to protect the rights of aggrieved consumers. The Firms diverse practice includes claims under the Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA), as well as violations of the Telephone Consumer Protection Act (TCPA), Truth In Lending Act (TILA), the Electronic Fund Transfer Act (EFTA), Fair Credit Billing Act (FCBA), Equal Credit Opportunity Act (ECOA), Consumer Leasing Act, Credit Repair Organizations Act, (CROA) and State Unfair and Deceptive Practices Acts (UDAPs). The Firm also offers Debt Settlement services, prosecutes Class Action Lawsuits, and handles Breach of Warranty, Lemon Law and Consumer Fraud Claims.

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Oct 16

Les Kramsky is Named as one of the Top General Counsels in the Mortgage and Real Estate Industries

(PRWEB) November 25, 2011

Les R. Kramsky, the General Counsel to the Money Store, has been selected as one of the top General Counsels in the mortgage and real estate industry according to a leading General Counsel publication.

Les R. Kramsky, Esq. is one of the most widely recognized leaders in the mortgage, title insurance and real estate industries. In the past Mr. Kramsky has served as the General Counsel to large real estate developers, real estate agencies and title insurance companies. In addition, Mr. Kramsky has been a partner in private practice for over twenty (20) years specializing in real estate, mortgage banking, finance, contracts, leases, labor law, corporate law as well as the general practice of law.

Les Kramsky is an accomplished mortgage and real estate executive and attorney who knows how to run an organization, analyze real estate transactions and get all departments to function efficiently. Mr. Kramsky is an expert manager who teaches staff how to structure deals creatively, solve complex problems, and close difficult transactions. Les Kramsky employs strong legal knowledge including Federal, New York, and New Jersey laws to help resolve difficult issues. Mr. Kramsky is a recognized authority on mortgage and real estate matters and has been quoted in media outlets such as The Wall Street Journal, Corporate Counsel Magazine and WCBS Radio.

Les Kramsky has managed all operations and financial systems of annual loan originations. Mr. Kramsky has obtained mortgage loans for various clients and has counseled clients on applicable mortgage products, qualification procedures, and credit issues. Mr. Kramsky handles all legal and regulatory matters and oversees administrative staff, processors and compliance officer. In addition, Mr. Kramsky has strong knowledge of Fannie Mae and Freddie Mac underwriting guidelines and requirements as well as those from a number of large portfolio lenders. In addition, Les Kramsky was recently named by his colleagues as one of the Top General Counsels in the Mortgage and Banking Industries.

Mr. Kramsky has unique expertise in title insurance, legal matters surrounding documentation, closing issues and complicated situations involving cooperative apartments. Mr. Kramsky has years of experience with complicated federal laws relating to the mortgage industry including RESPA, TILA, Fair Credit Reporting Act, ECOA, and Gramm-Leach as well as State regulatory and compliance laws.

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Oct 13

Global Hadoop Market: New Research Analysis by Transparency Market Research


Albany, New York (PRWEB) September 23, 2014

Since its inception in the year 2008, the global Hadoop market has observed growth at a tremendous pace. This market valued US$ 1.5 billion in 2012 and is estimated to grow at a CAGR of 54.7% from 2012 to 2018. By the end of 2018, this market could amass a net worth of US$ 20.9 billion. With the massive amount of data generated every day across major industries, the global Hadoop market is anticipated to observe significant growth in the future as well.


Why Hadoop
Quite naturally, the mounting scales of unstructured data generated every single day from data-intensive industries such as telecommunication, banking and finance, social media, research, healthcare, and defence led to the rising adoption of Hadoop solutions.

The major factors driving the need to adopt Hadoop are its cost-sensitive and scalable methodologies of data handling. Hadoop has taken the big data market by storm, levelling all other data management technologies that ruled the market before its inception in 2008.

Browse Full Global Hadoop Market Research Report With Complete TOC: http://www.transparencymarketresearch.com/hadoop-market.html

Some might ask, Why switch to Hadoop when RDBMS can serve the purpose? There are multiple answers but three major ones make this technology stand apart massive data storage, faster processing, and cost effectiveness.

Hadoop can effectively run on commodity hardware and, process data in a much faster pace. Where data handling charges for one terabyte of data can take anywhere around 10 to 14 thousand US dollars with a RDBMS solution, the same requires anywhere near 4,000 US dollars with a Hadoop solution. Hourly operational cost of Hadoop is nearly 32 U.S. dollar, whereas that with RDBMS is nearly 98 U.S. dollars. The Data Warehousing Institute was able to process only 10% of its sales data in a weeks time by applying traditional data handling solutions in 2012. Now, with Hadoop-based solutions, it can handle all its sales data in just one day.

Get report sample PDF copy from here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=719

The telecommunication industry is the major driving industry of the Hadoop market. Due to its enormous networks and the propagation of smart devices in the market, this industry has the natural tendency of producing huge volumes of data. For handling data of such massive volumes, no other technology can prove of more effect than Hadoop. The sector of government agencies is also shifting from legacy systems to Hadoop based solutions for effective data management. Due to the vast data analyzed by the retail industry, for studying consumer preferences, the retail industry also presents huge growth opportunities for the global Hadoop market.

Regional players of the global Hadoop market
From a geographic perspective, North America represents the leading regional market for Hadoop solutions, followed by Europe. North America is home to Internet technology and social media giants such as Google, Yahoo, and Facebook. Along with these Internet-based market palyers, the retail sector in this region also proposes myriad growth opportunities for the Hadoop market. Government agencies such as U.S. Department of Defense, U.S. Intelligence Agencies, and Obama Administration Big Data Initiative also use Hadoop solutions for handling and analyzing the huge amount of data generated from the entire country.

Browse the full article of this report: http://www.transparencymarketresearch.com/article/global-hadoop-market.htm

Foreword
With the data in every industry growing so rapidly, and the production of unstructured data forming nearly 90% of the data today, enterprises need to re-evaluate the methods they used for storing, managing and analyzing data. Traditional systems will remain important for handling specific low- to high-volume workloads in the future as well. But they will work in a way to compliment the use of Hadoop and optimize the data management structure in organizations. The scalability, cost-effectiveness, and streamlined nature of Hadoop will make the data more and more useful. In fact, the need for Hadoop in todays tech-forward world is no longer a question. The only question is how to best exploit it.





Related Finance Charge Press Releases

Oct 11

Call for companies – Balkan Venture Forum, 12-13 November, Nova Gorica, Slovenia


Nova Gorcia, Slovenia & Brussels, Belgium (PRWEB UK) 23 September 2014

We are pleased to announce the 6th edition of the Balkan Venture Forum COINVEST Edition, taking place in Nova Gorica, Slovenia on the 12th & 13th of November 2014. The BkVF COINVEST brings together international investors and high-tech entrepreneurs from the wider region of South East Europe and was established to accelerate growth through partnerships and investment.

Rewards for selected companies

Applying companies will be reviewed by the BkVF Selection committee, and 50 companies will be selected to present at the forum. Each company will be invited on stage to present their business and will be reviewed by a Jury of venture capital & corporate investors and business angels. In addition there are scores of networking opportunities, workshops and local and international media exposure presence. The eight best presenters will be awarded and receive a free ticket to participate at the European Venture Summit in D

Oct 09

Bad Credit Reporting by Debt Collectors Can Lead to Credit Denial and Higher Interest Rates for Consumers

Phoenix, Arizona (PRWEB) November 29, 2011

A recent case (2:10-cv-00548-MHB) filed in the United States District Court for The District Of Arizona, alleging incorrect credit reporting of a consumers debt and subsequent mishandling of a consumers request to verify and dispute that debt, was litigated successfully by Weisberg & Meyers, LLC, Attorneys for Consumers. According to court documents in Pinkerton v. National Credit Services (NCS) of Oklahoma and Capital Assistance Group, LLC, an alleged debt was reported to credit reporting agency Experian by debt collection agencies National Credit Services (NCS) of Oklahoma and Capital Assistance Group (CAS), LLC prior to the Plaintiff receiving notification of the alleged debt. The negative item remained on the Plaintiffs credit report even after a verification and dispute letter had been sent to the collection agency. The mishandling of the reporting of the debt to the credit reporting agencies was found to be a violation of the Fair Debt Collection Practices Act, 15 U.S.C.

Oct 06

Rising Mortgage Rates: What They Mean For The Market, Mortgage Refinance


Chicago, IL (PRWEB) June 13, 2013

Many first-time homebuyers and homeowners are asking loan officers at The Federal Savings Bank what rising mortgage rates means for locking in the best mortgage and refinancing.

Since 2009, the Federal Reserve began pushing interest rates to historically low levels to create a more favorable climate for investors. Consequently, this created an opportunity for many homeowners to refinance their mortgages, locking in a low rate, saving them hundreds of dollars a month and allowing some to pay off their mortgages well before they were due. For many, the time to refinance has come to an end.

Mortgage rates are climbing, recently surpassing 4 percent. With the Federal Reserve intending to scale back its quantitative easing policy, it appears that rates will continue to rise. It comes as no surprise then that mortgage refinance applications fell to their lowest point since 2011.

So what does this mean for first-time home buyers?

In order to understand what is in store for first-time home buyers, we need to look at what will happen inside financial institutions as a result of the mortgage rate hike.

First, as a consequence of ultra-low interest rates, banks experienced record profit margins on mortgages in 2012. Mortgage refinancing was a very profitable venue for financial institutions. Now that rates have significantly reduced the number of refinances, banks will need to tighten up their mortgage profit margins.

In order to achieve this, banks may be required to lay-off the personnel they hired to process all of the refinancing applications. But here is the kicker for first-time home buyers – because higher rates will deter people from owning their own homes and reduce the number of mortgage applications – banks will need to loosen their lending standards, according to Bloomberg.

For many home buyers patiently waiting on the market sidelines with less than ideal credit scores, “the next few years will be your time to secure financing” says Nick, a banker at The Federal Savings Bank.

While banks will not slip into the predatory schemes that caused the housing crisis, they will relax their FICO credit scores to around 710, allowing more people access to mortgage financing, says Paul Miller, analyst at FBR Capital Markets

However, the greatest single cause of the rise in mortgage rates is probably the improving economy. The Federal Reserve sees no reason to continue pumping $ 85 billion into the real estate market each month. For information on how the interest rate environment can effect a home purchase or refinance please contact a loan officer at: TheFederalSavingsBank.com







Oct 04

Curb Excessive Holiday Credit Card Spending to Prevent Greater Debt Woes in 2012

Phoenix, Arizona (PRWEB) December 20, 2011

Online holiday spending since Thanksgiving 2011 has broken previous years records, fueled mostly by stronger Black Friday deals, Cyber Monday and the extension of Cyber Monday into the newly branded Cyber Week, according to online retail spending reports. Americans are now able to spend money via mobile device (smart phones and tablets), PC, and brick and mortar locations, making it easier to spend money in general, with one caveat. A valid credit or debit card is required in order to purchase products and services online when using any of the vast assortment of mobile devices now available, or a personal computer. The debt settlement attorneys of Weisberg & Meyers LLC, Attorneys for Consumers, advise consumers already carrying a heavy load of credit card debt to be vigilant of spending, as the holidays can create an even greater debt burden that will need to be addressed when the bills begin to arrive in 2012.

According to financial industry research, an economically challenged 2011 has put the pressure on retailers to end the year with a bang. This means consumers are reaping the benefits through lower prices and added discount incentives and bonuses such as free shipping for online purchases. This encourages greater spending and since a large percentage of the sales go directly onto a credit card, its easy to lose track of how much has been spent to date. The purchases can accumulate in number before shipping and delivery occur and without keeping close watch the total spent on gifts, the numbers and dollars can easily get lost in the holiday shuffle.

Why do many consumers procrastinate and then make a New Years resolution to find a way to handle credit card debt only after increasing total monthly obligations through excessive holiday spending? Weisberg & Meyers, LLC, Attorneys for Consumers, is a consumer law firm offering a suite of debt help services including debt settlement, Fair Debt Collection Practice Act violations, credit reporting errors, consumer fraud, Truth in Lending and Fair Credit Billing Act violations. Years of practice and observation of consumer behavior during the holiday season have provided Marshall Meyers, managing attorney of the firm with a wealth of insight. Caught up in the holiday gift buying frenzy, consumers are blindsided by the credit card bills that come in after January 1 each year, Meyers claims. The best advice is to assess credit card debt before the holiday spending begins and put a plan in place to curb spending and closely monitor each gift purchase, and if a credit card debt issue already exists, do not continue to add to that without having the funds available to cover the purchase, he adds.

Debt settlement could be a viable option for settling credit card debt that has spiraled out of control and according to attorney Meyers the time to think about a debt settlement plan is before going overboard for holiday gift spending that involves credit card use. Weisberg & Meyers, LLC, Attorneys for Consumers, provides review and analysis of a potential new clients financial situation, the feasibility of debt negotiation with creditors and debt collectors on a clients behalf is assessed and a debt settlement plan, structured to reduce monthly payments and overall debt, may be recommended.

About Weisberg & Meyers, LLC, Attorneys for Consumers

Weisberg & Meyers LLC, Attorneys for Consumers, is a nationally recognized consumer law firm, has attorneys licensed to practice in Arizona, Colorado, Florida, Georgia, Illinois, New Jersey, New Mexico, New York, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Washington, and works with attorneys throughout the country to protect the rights of aggrieved consumers. The Firms diverse practice includes claims under the Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA), as well as violations of the Telephone Consumer Protection Act (TCPA), Truth In Lending Act (TILA), the Electronic Fund Transfer Act (EFTA), Fair Credit Billing Act (FCBA), Equal Credit Opportunity Act (ECOA), Consumer Leasing Act, Credit Repair Organizations Act, (CROA) and State Unfair and Deceptive Practices Acts (UDAP). The Firm also offers Debt Settlement services, prosecutes Class Action Lawsuits, and handles Breach of Warranty, Lemon Law and Consumer Fraud Claims.

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