College Loans Consolidation

Obama to outline options for future of Fannie Mae and Freddie Mac
The president will give Congress three proposals for scaling back the companies’ role in the mortgage market or shutting them down. The U.S. bailout of the firms has cost $150 billion. The Obama administration plans to give Congress three blueprints for reducing or eliminating the government’s role in guaranteeing mortgages and providing funding for home loans.

Read more on Los Angeles Times

The End: Cavaliers Stop Losing Streak At 26
Nearly two months after it started innocently, the Cleveland Cavaliers stopped their NBA-record losing streak at 26 games Friday night with a 126-119 win in overtime against the Los Angeles Clippers, who did all they could to extend the Cavs’ misery.

Read more on KFOX 14 El Paso

Fitch Downgrades 4 Subordinate Classes of MSCI 2008-TOP29
NEW YORK–(BUSINESS WIRE)–Fitch Ratings downgrades four classes of Morgan Stanley Capital I Trust (MSCI), series 2008-TOP29. In addition, Fitch has revised the Loss Severity (LS) ratings and assigned Ratings Outlooks and Recovery Ratings as applicable. A detailed list of rating actions follows at the end of this press release. The transaction has not experienced any realized losses to date. As …

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Feds: Ex-Pa. drinks maker sold ill-gotten jewelry
The former chief executive of a defunct soft-drink maker who is already awaiting trial on charges he perpetrated an $806 million bank fraud has been indicted again – this time on charges that he sold or tried to sell millions of dollars’ worth of gold, jewels and other valuables he allegedly bought with money stolen from the company.

Read more on Seattle Times

Drexel’s underappreciated services
In today’s dose of obvious news: Drexel is expensive. According to the undergraduate admissions website, it costs about $46,155 per year, including on-campus room and board, for a five-year student to attend the University – and don’t forget about the 4.5 percent annual tuition increase.

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China Raises Rates to Counter Accelerating Inflation
China raised interest rates for the third time since mid-October ahead of a report forecast to show inflation accelerated to the fastest pace in 30 months.

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AUDIO: Should ‘pay day loans’ be capped?
Labour MP Stella Creasy and the Consumer Finance Association’s John Lamidey debate a cap on ‘pay day loans’

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Better times ahead for business lending
Lending to businesses can expect to improve as banking competition increases in a strengthening economy, the Reserve Bank says.

Read more on Brisbane Times

Business in Brief
The Shack to close paintball facility

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Chrysler CEO Apologizes For Bailout Remark
CEO Marchionne apologized?for the way he described the?interest rates?U.S. and Canadian governments are charging on?bailouts his company received.

Read more on Manufacturing.net