5 months ago

FHA Loan Advice That Can Save You A Bundle

Learn more about FHA Lender McAllen Texas here...

Although there are many lenders out there offering home mortgage options, you would be surprised at how discerning they are these days. In other words, finding the right home mortgage plan can be incredibly tricky. Even if you have a pretty good idea about how to approach the issue, you could still benefit from some solid tips in the area.

Once you have chosen the right loan for your needs and begun the application process, make sure to get all of the required paperwork in quickly. Ask for deadlines in writing from you lender and submit your financial information on time. Not submitting your paperwork on time may mean the loss

7 months ago

SME lender Finance Ireland secures EUR30m investment from State fund - Irish Times

The Ireland Strategic Investment Fund (Isif) has announced plans to invest 30 million in equity into Finance Ireland, the countrys biggest non-bank lender.

This will give the State agency a 32 per cent shareholding in Finance Ireland, which is led by former Permanent TSB chief executive Billy Kane. Isif will also nominate two directors to the companys board.

This is another significant investment for Finance Ireland, which secured 25 million in backing last year from global investment firm Pimco. The latter has a similar holding to Isif.

Isifs investment values Finance Ireland at about 90 million.

Set up in 2002 by Mr Kane, Finance Ireland provides funding to the SME, agri, motor and commercial real estate (CRE) sectors.

The lender already works with Isif in respect of the 100 million MilkFlex Fund, which provides low interest loans to Glanbia dairy farmers.

Finance Ireland said it was on track to provide in excess of 300 million in new lending to Irish customers in 2016.

Operations The company has expanded its operations this year with the addition of 40 staff, bringing its head count to 85 across its four operating divisions.

Commenting on the investment, Mr Kane said: This significant investment by Isif underpins our ambitious growth plans for the coming years. Our mission is to create a major non-bank lender in the Irish financial landscape offering customers a real alternative to the traditional banking sector and we are well on the way to achieving that.

Isif director Eugene O Callaghan said: Isif was attracted by the opportunity to support an established and experienced management team to expand its non-bank platform and in particular grow its SME and agri leasing businesses. This investment complements the products provided by other non-bank platforms in the SME sector that Isif has supported.

Finance Ireland was advised by Goodbody Corporate Finance.


12 months ago

Britain's EU exit vote is a 'wimpy crisis' for US stocks: Wells chief strategist - CNBC (subscription)

The U.S. stock market's reaction to Britain's vote to exit the European Union shows it might not be the financial or economic crisis "even if others start to leave" that investors had first feared, closely followed market watcher Jim Paulsen told CNBC on Friday.

The chief investment strategist at Wells Capital Management called the departure vote a "wimpy crisis," judging by the three-day bounce back that's erased about 90 percent of the post-Brexit losses for the Dow Jones industrial average and the S&P 500.

In the two trading sessions after the June 23 Brexit vote, global financial markets had racked up more than $3 trillion of paper losses, according to data from S&P Global. About $1.3 trillion of that red ink had came from U.S. markets alone.

Paulsen said on "Squawk Box" that the Brexit vote is certainly a political calamity, which could create more volatility down the road.

"[But] as crises go, the reaction of Mr. Market here to this one has been pretty wimpy. It's not only the rapid recovery of financial markets. It's really the initial reaction even," he said, arguing the S&P 500's rout was mostly a reversal of the runup ahead of the vote.

Stocks had been gaining ground before Britons went to the polls on what turned out to be the shockingly wrong notion that the stay camp would prevail.

"Maybe it turns out the market wasn't wrong. They were wrong about the vote, but maybe they weren't wrong about the impact of Brexit," Paulsen said, arguing there's still a chance the actual departure of the United Kingdom from the EU might not happen.

Making the case for that possibility, he pointed to the online petition with more than 4 million signatures as of Friday morning, calling for a second referendum.

Another possible option, according to Paulsen, is Britain might be able to negotiate an exit with similar trading and economic benefits as it enjoys now as an EU member. "I'm not sure the final result [of Brexit] is going to be much different. So why should the market react?"

On Monday, with Wall Street piling on Brexit losses for the second session in a row, Paulsen told CNBC that investors should take advantage of the panic. He also correctly predicted the "emotional intensity" would be short-lived.

Ahead of Friday's trading on Wall Street, the start of the third quarter, the Dow and the S&P 500 were up about 3 percent and 2.7 percent, respectively, for the first half of the year. The Nasdaq, however, was off about 3.3 percent in 2016.

The Dow and S&P 500 were up in the second quarter for the third three-month period in a row.


1 year ago

Red Eagle Mining Announces Equity Financing - PR Newswire (press release)

VANCOUVER, April14, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce a private placement for gross proceeds of $11,281,476, consisting of 29,688,095 common shares (the "Shares") at a price of $0.38 per Share (the "Financing"). Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Boston based Liberty Mutual Insurance, elected to exercise its participation right and will purchase 9,500,000 Shares which will result in LMM's ownership interest in Red Eagle Mining increasing from 18.0% to 19.9%.

Proceeds will be used for exploration drilling of the Santa Rosa Gold Project and to fund CB Gold Inc.'s 2016 work programme at the Vetas Gold Project. The Financing was priced at market on the date the Financing was agreed. The Shares are subject to a four month hold period from the date of issuance.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 68% of the Vetas Gold Project and 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Red Eagle Mining Corporation

2 years ago

Take A Minute To Get Personal Finance Information

When reading about personal finance, there are many subjects to cover. Some examples are savings, investments, those, budgeting and insurance things concerning your retirement. Read on to find the best suggestions on how to handle your personal finances in the short term, as well as, what you should be doing long term.

Going out to eat is one of the costliest budget busting blunders many people make. At a cost of roughly eight to ten dollars per meal it is nearly four times more expensive than preparing a meal for yourself at home. As such one of the easiest ways to save money is to stop eating out.

Write down numbers for contacting service providers such as your credit cards

2 years ago

Want Great Ideas About Personal Finance? Look Here!

If you find yourself in a mountain of debt, it can seem like you will never be able to dig yourself out. Start creating strict budgets and shopping lists that will help you stay on track with your income. Read this article for more tips on managing your personal finances.

If the system does not have a comprehensive approach to cutting losing trades or closing profitable trades, in the right places, a trading system with high probability of successful trades, does not guarantee profit. If, for example, 4 out of 5 trades sees a profit of 10 dollars, it will take only one losing trade of 50 dollars to lose money. The inverse is also true, if 1 out of 5 trades is profitable at 50 dollars