Businesses expect to boost hiring and capital spending in the first half of the year as the U.S. recovery from the recession slowly continues, according to a new survey.
Since the fall of 2009 demand has edged higher in the goods-producing, finance and real estate industries, while other sectors such as transportation are seeing less drastic [...]
The Ultimate Hard Money News Around The World
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Economists see slow recovery taking hold
January 26th, 2010 by HardMoney Writer Tags: economy, financial crisis, news
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Rep. Frank: Abolish Fannie Mae, Freddie Mac
January 26th, 2010 by HardMoney Writer A top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans.
Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, said Friday he supports replacing the two companies entirely.
“I believe [...]Tags: bankruptcy, mortgage, obama, tax credit
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Record number of young Americans jobless
January 26th, 2010 by HardMoney Writer The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday.
Teenagers have found it significantly harder to get a job since the recession began in late 2007, with black youths [...]Tags: job, jobless, news, unemployment rate
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The Age of Economic Worries
December 28th, 2009 by HardMoney Writer Its an age of economic worries.
A time when one of economists’ biggest worries is unemployment. Most never saw the collapse of the First Bubble coming. Or the rise of the Second Bubble behind it that made its predecessor seem almost quaint. Or the Great Recession that seeded fears the thought of the next bubble.
U.S. [...]
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Why the Fed Will Be Sidelined in 2010
December 22nd, 2009 by HardMoney Writer The release of the Non-Farm Payroll Report for November along with the latest inflation data from the Bureau of Labor Statistics placed further into question the Federal Reserve’s free money policy. The spate of less bad news on the economy and increases in certain price levels has brought some of the bond vigilantes back from [...]
Tags: bank lending, central bank, Federal Reserve, hard money, interest rates, investors, lender, loan, Mortgage Backed Securities, mortgage issuance, mortgage loan, real estate
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American Gold Trust Announces Release of Digital 24-Page Gold & Silver Coin Catalog
December 21st, 2009 by HardMoney Writer American Gold Trust, one of the fastest growing coin companies in the world and a premier leader in the gold and silver industry, has announced the release of its new 24-page digital catalog. The first catalog of its kind to be released online, American Gold Trust’s digital coin catalog is meant to help investors who [...]
Tags: American Gold Trust, financial interest, hard money, hard money portfolios, investors
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Bank files against Jay Miller
December 18th, 2009 by HardMoney Writer Heritage Oaks Bank has joined the list of creditors who say that now bankrupt former North County lender Jay Hurst Miller owes them money, according to a recent filing with the U.S. Bankruptcy Court in Santa Barbara.
In the filing, bank Executive Vice President William Raver declared that Heritage Oaks made a $250,000 personal loan to [...]Tags: bankrupt, borrower, hard money, hard money lender, lender, loan, money, real estate
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Young Boss, Hard Money
December 17th, 2009 by HardMoney Writer The young entrepreneur we visit today is struggling with the funding for his jellyfish business. The 100,000 yuan start up funding he got from the government is about to run out. But the 100,000 yuan has never been so important to him.
Wang Wenlong has been running his aquarium company for three years. And jellyfish is [...]Tags: aquarium company, hard money, industry experts, investors, marketing consultants, Shanghai technology, Wang Wenlong
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California Department of Real Estate official discusses lending fraud
December 16th, 2009 by HardMoney Writer Since the collapse of the housing market and the start of the recession, the California Department of Real Estate has seen its fair share of bad real estate actors and defunct hard-money lending firms.
While the department does not keep statistics to show whether fraudulent behavior is worse in this county, Jeff Davi, commissioner of the [...]Tags: District Attorney’s Office, estate financial, hard money, hard money lenders, investments, investors, lending fraud, mortgage lending, real estate
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Hard Money NYC Closes a $160,000 Bridge Loan in Just 4 Days
December 15th, 2009 by HardMoney Writer Hard Money NYC, a private money lender specializing in commercial real estate financing, announced that it has closed a short term loan on a mixed use property in Bronx, New York in just 4 days.
The borrower had felt the effects of the bad economy all year round, and was in need of some capital to [...]Tags: borrower, collateral, commercial real estate financing, hard money, loan, mortgage, private money lender
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