DailyMarkets.com - Why Do I Get Rejected For A Mortgage When My FICO Credit Score Is High?

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• Why Do I Get Rejected For A Mortgage When My FICO Credit Score Is High?
• Year-end Bonanza For NII Holdings
• Toyota To Recall For Faulty Brakes
• The One Reason You Have To Own Gold & Silver
• Is The Stock Market Already In A Giant Topping Process?
• HCP To Offer Common Shares
• Macy’s To Build Distribution Hub
• Markets In Everything: Investing In Lawsuits
• Swiss Franc: Intraday Support Around 97
• Japanese Yen: Caution
• British Pound: Rebound
• Euro: Rebound
• Royal Caribbean Downgraded
• Home Inns Prices Senior Notes
• Plum Creek’s New Credit Facility
• Moody’s Spanish Threat Wears Off As Euro Recovers
• The Best US-Listed Stock Dividend Payers
• Shell To Dispose South Texas Fields
• What Is Going On In The Bond Market?
• Forex – EUR/GBP Reverses Losses After Poor U.K. Employment Data
• British Pound Tumbles Against Most Major Currencies Amid Disappointing Jobless Claims Report, Traders Shift Focus To U.S. CPI
• Britain’s CBI Realized Sales Rise Unexpectedly In December
• Forex – EUR/USD Extends Losses As Moody’s Put Spain On Review
• Forex – GBP/USD Extends Losses As U.K. Unemployment Rises
• Forex – USD/CHF Rebounds From 5-week Low After Fed
• Forex – USD/JPY Hits 2-day High As U.S. Treasury Yields Rise
• U.K. Claimant Count Change Falls Less-than-expected In November
• European Stocks Fall On Spain Downgrade Concern; DAX Down 0.62%
• Forex – Dollar Up Vs. Rivals As Fed Hold Firm On Monetary Policy
• Forex – NZD/USD Hits 5-day Low, Tracking Aussie Lower
• Avanti Communications Cheers Progress With Broadband Satellite
• Lok’nStore To Develop Maidenhead Store In Collaboration With Lidl

Why Do I Get Rejected For A Mortgage When My FICO Credit Score Is High? Posted: 15 Dec 2010 07:35 AM PST You’ve found your dream home, you’ve got a good credit score. So you complete stacks of paperwork to apply for a new mortgage on the house/condo/apartment of your dreams, and then you get the call. Your application has been refused. Ever since the sub-prime mortgage crisis, homebuyers and refinancers in the US have found it more difficult to get a slice of the mortgage money. Banks are tightening amid the riskier lending environment, despite having the money to lend to borrowers. Lenders … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Year-end Bonanza For NII Holdings Posted: 15 Dec 2010 07:05 AM PST NII Holdings Inc. (NASDAQ:NIHD), a small-sized wireless services provider in several Latin American markets received yet another shot in its arm. Yesterday, the company announced that it has won wireless licenses in Brazil, which were recently auctioned by the Brazilian telecom authority National Telecommunications Agency (Anatel).  NII Holdings won 11 of the 13 lots of licenses for the 20 MHz wireless spectrum in the 1.9-2.1 GHz frequency band. NII Holdings has to pay approximately $714.4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Toyota To Recall For Faulty Brakes Posted: 15 Dec 2010 07:05 AM PST Toyota Motor Corp. (NYSE:TM) has announced that it will recall about 110,000 of its Sienna minivans globally due to a problem with its braking system. The defective vehicles are manufactured before November 5, 2010. The automaker has revealed that there is a light switch bracket located close to the parking brake, which could get damaged while operating the parking brake. The damage could ultimately cause the brake lights to stay on and it could impair the braking system over time. The recall … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The One Reason You Have To Own Gold & Silver Posted: 15 Dec 2010 06:49 AM PST Analysts and pundits provide various reasons for the bull market in Gold. This includes emerging market demand, low interest rates, money printing, central bank accumulation, central bank policies and falling gold production. These are all good reason but there is one reason which stands apart and will drive precious metals to amazing heights. It is the impending sovereign debt default of the west, led by the great USA. Government finances have reached a point where default and/or … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is The Stock Market Already In A Giant Topping Process? Posted: 15 Dec 2010 06:38 AM PST I’ve noted before that at intermediate turning points we will usually see breadth diverge from price. The McClellan oscillator is now showing a large negative divergence and has moved back below zero despite the market making new highs. On a slightly more serious note we are also starting to see a divergence in the advance/decline line for the first time since the cyclical bull began. The last time this happened the market was entering the final topping process of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCP To Offer Common Shares Posted: 15 Dec 2010 06:31 AM PST HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced its offer of 40 million common shares at $32.00 per share. The company had earlier announced its offer of 31 million shares, but was forced to increase the secondary offering due to strong investor demand. The company will also grant the underwriters an option to purchase an additional 6.0 million shares to cover any over-allotments. HCP anticipates raising approximately $1.28 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Macy’s To Build Distribution Hub Posted: 15 Dec 2010 06:31 AM PST With online sales gaining faster traction than traditional sales, Macy’s Inc. (NYSE:M), one of the leading department store retailers in the United States, felt the need to construct a new distribution center in a 1.3 million square-foot facility near Martinsburg in Berkeley County, West Virginia, to better serve the increasing online orders. Online sales, which include macys.com and bloomingdales.com, jumped approximately 29% in the first 10 months of fiscal 2010, on top of a 20% growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything: Investing In Lawsuits Posted: 15 Dec 2010 06:28 AM PST FOX NEWS — “Some call it a disturbing trend.  Others call it a win-win for accident victims and low to middle-income families across America who might not otherwise be able to afford to seek justice in a court of law. The issue is legal lending; to plaintiffs who don’t have the money to pay for surgery related to a claim or pay their bills while their case is tied up in court, or to law firms who can’t afford to hire expensive experts or survive a lengthy drawn-out battle with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Intraday Support Around 97 Posted: 15 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Caution Posted: 15 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Rebound Posted: 15 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Rebound Posted: 15 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Royal Caribbean Downgraded Posted: 15 Dec 2010 06:05 AM PST We recently downgraded our rating on Miami-based Royal Caribbean Cruises Ltd. (NYSE:RCL) from Outperform to Neutral. The second largest cruise company operating 38 ships in the cruise vacation industry was downgraded on a host of factors including concern over cruise activity in Spain, sluggish on-board revenue for the remainder of the year as well as rising food costs. Management remains less hopeful on cruise activity in Spain as recession in that country is showing no sign of a near-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Home Inns Prices Senior Notes Posted: 15 Dec 2010 06:05 AM PST Home Inns & Hotels Management Inc. (NASDAQ:HMIN) recently priced a $160 million offering of convertible senior notes. The notes will carry an interest rate of 2% per annum and are due 2015. The interest will be paid on a semi-annual basis. The senior note offering is expected to close by December 20, 2010. The company also intends to offer initial purchasers a 30-day option to buy an additional $24 million of convertible senior notes to cover any over-allotment. The notes will be convertible … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plum Creek’s New Credit Facility Posted: 15 Dec 2010 06:05 AM PST Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., has recently secured a new $600 million revolving credit facility scheduled to mature in January 2015. The new credit facility replaces the existing $750 million revolving credit facility scheduled to mature in June 2011. Plum Creek decided to reduce the borrowing capacity of its credit facility in order to minimize the financing costs, while still maintaining adequate levels … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Moody’s Spanish Threat Wears Off As Euro Recovers Posted: 15 Dec 2010 06:01 AM PST The euro has reversed sharp losses incurred after Moody’s warned over the likelihood over a Spanish debt downgrade. In so doing the single currency has unwound an earlier surge in the dollar index brought on by a bout of risk aversion. Moody’s said it might put Spain on negative watch for a possible downgrade, remaining concerned not so much that it will ultimately need a bailout, rather that the overall funding requirement leaves it vulnerable to stress throughout 2011. Euro – The warning over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Best US-Listed Stock Dividend Payers Posted: 15 Dec 2010 05:59 AM PST Following my recent post on the relationship between higher payout ratio and higher future earnings growth, Pierre-Olivier of www.jourly.com asked me who I thought were the best US dividend plays in the US…and while I had some ideas based on stocks I have reviewed since creating Margin of Safety Investing, I thought I should try and answer the question based on the entire US stock universe, not just the stocks I have analyzed so far. To do so, I first generated a list of US companies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shell To Dispose South Texas Fields Posted: 15 Dec 2010 05:35 AM PST Energy major Royal Dutch Shell plc (RDS.A) has entered into an agreement with OXY USA Inc. – a unit of Los Angeles, California-based oil and gas production company Occidental Petroleum Corp. (OXY) – to sell some of its gas fields in South Texas for approximately $1.8 billion. The transaction, effective January 1, 2011, is expected to close in early 2011. Shell has been active in South Texas since 1953 and currently produces approximately 210 million cubic feet of natural gas per day from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What Is Going On In The Bond Market? Posted: 15 Dec 2010 04:02 AM PST Interest rates globally have moved up approximately 50 basis points (.5%) over the last month with the bulk of that move having occurred in the last week. What is going on? What is driving this move higher? A harbinger of better days ahead or an indication that the massive deficits in selected nations will require higher rates to attract capital? Or both of these reasons and a lot more. Let's navigate. 1. First things first, even with the backup in rates recently, let's be cognizant that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Reverses Losses After Poor U.K. Employment Data Posted: 15 Dec 2010 03:59 AM PST Forex Pros – The euro reversed losses against the pound on Wednesday, climbing to a fresh daily high after official data showed the number of people claiming unemployment benefits in the U.K. fell less-than-expected in November. EUR/GBP clawed up from 0.8550, the daily low, to hit 0.8504 during European late morning trade, gaining 0.28%. The pair was likely to find support at 0.8431, Tuesday's low and short-term resistance at 0.8542, the high of November 23. The U.K. National Statistics … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound Tumbles Against Most Major Currencies Amid Disappointing Jobless Claims Report, Traders Shift Focus To U.S. CPI Posted: 15 Dec 2010 03:45 AM PST Fundamental Headlines • Spain Fears Hit Europe's Markets – Wall Street Journal •Asia Mostly Lower on Spain Worries – Wall Street Journal • Spain Threatened With Fresh Downgrade – Financial Times •Spain Aa1 Rating Put on Review by Moody's on Eve Bond Sale- Bloomberg •Greek Strikers Half Flights, Buses as Bailout Bites – Bloomberg GBPUSD: Jobless claims in the U.K. fell 1.2K in November after tumbling a revised 5.2K the month prior amid economists' expectations of -3.0K. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Britain’s CBI Realized Sales Rise Unexpectedly In December Posted: 15 Dec 2010 03:05 AM PST Forex Pros – Retail sales in Britain rose unexpectedly in December, industry data showed on Wednesday. In a report, the Confederation of British Industry said the result of its index of U.K. retailers jumped to 56 in December, up from 43 in November. Analysts had expected the index to decline to 41 in December. On the index, a reading above zero indicates higher sales volume, below indicates lower.  Commenting on the report, CBI Chief Economic Adviser Ian McCafferty said, "Sales on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Losses As Moody’s Put Spain On Review Posted: 15 Dec 2010 03:02 AM PST Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, as the cost of insuring Spanish government debt against default rose after ratings agency Moody’s warned that it may downgrade Spain's credit rating further. EUR/USD hit 1.3286 during European morning trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.3294, shedding 0.62%. The pair was likely to find short-term support at 1.3181, Monday's low and resistance at 1.3437, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Extends Losses As U.K. Unemployment Rises Posted: 15 Dec 2010 02:45 AM PST Forex Pros – The pound extended losses against the U.S. dollar on Wednesday, falling to a 5-day low after official data showed that the rate of unemployment in the U.K. rose unexpectedly in the third quarter. GBP/USD hit 1.5682 during European morning trade, the pair's lowest since December 8; the pair subsequently consolidated at 1.5701, shedding 0.46%. Cable was likely to find support at 1.5580, the low of December 3 and resistance at 1.5822, the high of December 7. The level of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Rebounds From 5-week Low After Fed Posted: 15 Dec 2010 02:30 AM PST Forex Pros – The U.S. dollar rebounded from a 5-week low against the Swiss franc on Wednesday as U.S. Treasury yields climbed after the Federal Reserve indicated that it would complete its economic stimulus plan. USD/CHF hit 0.9644 during European morning trade, the daily high; the pair subsequently consolidated at 0.9611, gaining 0.18%. The pair was likely to find short-term support at 0.9559, Tuesday's low and a 5-week low and resistance at 0.9689, Tuesday's high. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Hits 2-day High As U.S. Treasury Yields Rise Posted: 15 Dec 2010 02:12 AM PST Forex Pros – The U.S. dollar rose to a 2-day high against the yen on Wednesday as U.S. Treasury yields surged after the Federal Reserve reaffirmed its commitment to buy USD600 billion in bonds. USD/JPY hit 84.07 during European morning trade, the pair's highest since Monday; the pair subsequently consolidated at 84.06, gaining 0.47%. The pair was likely to find support at 82.83, Tuesday's low and short-term resistance at 84.36, Monday's high. Earlier in the day, the 10-year Treasury … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Claimant Count Change Falls Less-than-expected In November Posted: 15 Dec 2010 01:40 AM PST Forex Pros – The number of people claiming unemployment benefits in the U.K. fell less-than-expected in November, official data showed on Wednesday. In a report, the U.K. Office for National Statistics said that the claimant count fell by a seasonally adjusted 1,200 in November, after falling by 5,200 in October, whose figure was revised from a decline of 3,700. Analysts had expected the claimant count to fall by 3,000 in November. Meanwhile, the rate of unemployment rose unexpectedly in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Fall On Spain Downgrade Concern; DAX Down 0.62% Posted: 15 Dec 2010 01:30 AM PST Forex Pros – European stocks were broadly lower on Wednesday, amid mounting concerns over Spain's sovereign debt, while U.S. futures indexes pointed to a lower open on Wall Street. During European morning trade, the EURO STOXX 50 tumbled 0.84%; France's CAC 40 fell 0.57%; while Germany’s DAX slumped 0.62%. Shares in the financial sector were broadly lower after ratings agency Moody's put Spain’s Aa1 sovereign credit rating on review for a possible downgrade, citing its high funding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Rivals As Fed Hold Firm On Monetary Policy Posted: 15 Dec 2010 12:55 AM PST Forex Pros – The U.S. dollar was up against all of its major counterparts on Wednesday, after the Federal Reserve’s monetary policy statement reinforced expectations that it would complete its economic stimulus plan. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.29% to hit 1.3336. Earlier in the day, ratings agency Moody's put Spain’s Aa1 sovereign credit rating on review for a possible downgrade, citing its high funding needs, doubts over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Hits 5-day Low, Tracking Aussie Lower Posted: 15 Dec 2010 12:43 AM PST Forex Pros – New Zealand's dollar slipped to a 5-day low against its U.S. counterpart on Wednesday, tracking the Australian dollar lower after the Federal Reserve’s policy statement indicated that it would complete its economic stimulus plan. NZD/USD hit 0.7450 during early European trade, the pair's lowest since December 8; the pair subsequently consolidated at 0.7485, shedding 0.40%. The pair was likely to find support at 0.7401, the low of December 1 and resistance at 0.7574, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Avanti Communications Cheers Progress With Broadband Satellite Posted: 15 Dec 2010 12:32 AM PST Broadband satellite operator Avanti Communications Group Plc (LON:AVN) , reported this morning that it had been making "excellent progress" since the launch of its first satellite, HYLAS 1, at the end of November. Avanti is set to capitalise on demand for broadband services in rural UK communities with HYLAS 1, which has now had all its systems turned on. The satellite is understood to have reached geostationary orbit and the first transmissions have been received at Avanti's primary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lok’nStore To Develop Maidenhead Store In Collaboration With Lidl Posted: 15 Dec 2010 12:16 AM PST Shares in Lok’n Store Group (LON:LOK) edged up by half a percent to 138.5p in early trading today on news that the AIM listed self-storage company had agreed the terms of a deal that will see it share its Maidenhead development site with Lidl, the major international supermarket retailer. Stock in the company opened 2010 at 90p and has performed strongly during the year, particularly since the end of the summer, with the stock gaining 9p during December alone. Subject to achieving the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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