Answers
I made an online Payment last January for my Internet provider.
But At that time my provider claimed he never received the funds so I had to make a second payment to avoid fees. The Guaranty Bank manager told me that an invesitigation will be done and that my first payment will be refunded to me. Well Now they claim the case is too old to refund me. I called several times their Managers , I even Emailed their Corporate Office. WHAT can I do to get my money back??(First payment)
hey there...
First, like other mentioned above, collect all your document and put down date, time and notes about who you contact and what they said.
In state where I live, we have TV channels which provide free investigation or so-called "On Your Side" service for their local folks. Contact them and express your frustration and helpless and tell them how much you like their news channel and ask them to give you some help. If you are turned down by one station, find an other one and tell them you got turn down by other stations. You usually will get the second one doing better job for your case.
News media are one of the most powerful resources you can get beside pay for lawyer. Just remember, you have to stand on solid ground with all your document ready to support your claim.
Good luck!
tc
(www.abndigital.com) Nigerian Guaranty Trust Bank has recommended the divestment of the bank's shareholding in its non banking subsidiaries ...
I'm new to the Milwaukee area and will be living in Saukville, WI (25 minutes North of MKE). I need to choose a bank to use but want one with many ATM locations and broad hours. Guaranty Bank seems to fit this criteria, however I don't know anything about their customer service. Any feedback from personal experience would really help me make my decision. I tried to search for reviews online, but there aren't any. I plan to have a basic joint checking and savings account with direct deposit. Nothing fancy. Thanks!
That place is terrible
I'm about to enter an online electonics retail and of course I have to shell out some money as capital. To ensure that the transaction will prosper, I have to ask for down payment through my bank account. I'm just building up my credibility as a seller. Is the down payment through my bank account a guaranty for buyers that I'm not a scammer? I mean they can trace me. Thanks for your help!
yeahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh right#####
Fannie Mae's guaranty business, "including loans with lower risk characteristics, has begun to experience increases in delinquency and default rates as a result of the sharp rise in unemployment, the continued decline in home prices, the prolonged downturn in the economy" and the rise in loan balances relative to property values, it said............"All the signs indicate that Fannie Mae coming out of conservatorship and becoming a public company again are close to zero," said Gary Gordon, a managing director at Portales Partners in New York.
http://news.yahoo.com/s/nm/20090508/bs_n m/us_fanniemae_results;_ylt=AppVDEfBGcAq 8PDUFdEBMI5H2ocA;_ylu=X3oDMTJub2JhZHRpBG Fzc2V0A25tLzIwMDkwNTA4L3VzX2Zhbm5pZW1hZV 9yZXN1bHRzBGNwb3MDNQRwb3MDNQRzZWMDeW5fdG 9wX3N0b3JpZXMEc2xrA2Zhbm5pZW1hZXRhcA--
[If the govt. owns the company, "shareholders" are in essence tax payers.............meaning you eat the losses]
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Everyone knows how loose mortgage underwriting led to the go-go days of multitrillion-dollar subprime lending. What isn't well known is that a parallel subprime market has emerged over the past year -- all made possible by the Federal Housing Administration. This also won't end happily for taxpayers or the housing market.
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
http://online.wsj.com/article_email/SB12 4139474675481713-lMyQjAxMDI5NDAxNDMwOTQ0 Wj.html
Today, Fannie Mae operates under a congressional charter that directs the company to increase the availability and affordability of homeownership for low-, moderate-, and middle-income Americans. Fannie Mae is authorized to buy Federal Housing Administration (FHA) insured mortgages, thereby replenishing the supply of lendable money.
Freddie Mac is also a publicly held corporation, chartered by Congress in 1970. Freddie Mac came into being as the Federal Home Loan Mortgage Corporation (FHLMC) with the mission to create a continuous flow of funds to mortgage lenders. By supplying lenders with the money to make mortgages and packaging the mortgages into marketable securities, Freddie Mac also helps to sustain a stable mortgage credit system which in turn, reduces the mortgage rates paid by homebuyers. Over the years, Freddie Mac has been responsible for opening the door to homeownership for one out of six home buyers in America who would not have qualified otherwise.
http://realtytimes.com/rtpages/19981116_ fanniefred.htm
beverly s..........thanx.
phil..............I hope you're not right. But at this point it certainly looks like you might be....
You are correct- FHA is the new sub-prime loan. However, you do now need a 620 credit score- you do have to prove income & you do have to put 3.5% down. The really bad subprime loans were a 500 credit score- zero down & no proof of income.
On Friday, the U.S. government said the unemployment rate rose to 8.9 percent in April, the highest since September 1983.
Fannie Mae's guaranty business, "including loans with lower risk characteristics, has begun to experience increases in delinquency and default rates as a result of the sharp rise in unemployment, the continued decline in home prices, the prolonged downturn in the economy" and the rise in loan balances relative to property values, it said.
What's more, Fannie Mae said its role as a linchpin in President Barack Obama's program to boost refinancings and modifications of risky mortgages will likely have a "material adverse effect" on its business and net worth.
The programs, which can reduce interest rates on loans and defer payments, lend credence to speculation the U.S. is increasing its reliance on Fannie Mae and rival Freddie Mac (FRE.P) to stabilize housing, even if it's at the cost of shareholders.
Fannie Mae said it will probably have to return to Treasury for more capital in the future.
"All the signs indicate that Fannie Mae coming out of conservatorship and becoming a public company again are close to zero," said Gary Gordon, a managing director at Portales Partners in New York.
The $23.2 billion loss compares with deficits of $2.2 billion in the year ago period, and $25.2 billion in the previous quarter.
http://news.yahoo.com/s/nm/20090508/bs_n m/us_fanniemae_results;_ylt=AppVDEfBGcAq 8PDUFdEBMI5H2ocA;_ylu=X3oDMTJub2JhZHRpBG Fzc2V0A25tLzIwMDkwNTA4L3VzX2Zhbm5pZW1hZV 9yZXN1bHRzBGNwb3MDNQRwb3MDNQRzZWMDeW5fdG 9wX3N0b3JpZXMEc2xrA2Zhbm5pZW1hZXRhcA--
Everyone knows how loose mortgage underwriting led to the go-go days of multitrillion-dollar subprime lending. What isn't well known is that a parallel subprime market has emerged over the past year -- all made possible by the Federal Housing Administration. This also won't end happily for taxpayers or the housing market.
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
http://online.wsj.com/article_email/SB12 4139474675481713-lMyQjAxMDI5NDAxNDMwOTQ0 Wj.html
Today, Fannie Mae operates under a congressional charter that directs the company to increase the availability and affordability of homeownership for low-, moderate-, and middle-income Americans. Fannie Mae is authorized to buy Federal Housing Administration (FHA) insured mortgages, thereby replenishing the supply of lendable money.
Freddie Mac is also a publicly held corporation, chartered by Congress in 1970. Freddie Mac came into being as the Federal Home Loan Mortgage Corporation (FHLMC) with the mission to create a continuous flow of funds to mortgage lenders. By supplying lenders with the money to make mortgages and packaging the mortgages into marketable securities, Freddie Mac also helps to sustain a stable mortgage credit system which in turn, reduces the mortgage rates paid by homebuyers. Over the years, Freddie Mac has been responsible for opening the door to homeownership for one out of six home buyers in America who would not have qualified otherwise.
http://realtytimes.com/rtpages/19981116_ fanniefred.htm
Hey, let’s throw another $23 billion down the rat hole! The fraud-ridden money pit known as Fannie Mae needs more of your money.
Who among the Fannie-kissers in Congress will say no?
Say goodbye to another $23 billion.
http://news.yahoo.com/s/nm/20090508/bs_n m/us_fanniemae_results;_ylt=ArS1IUDx_5Ti D7TkDNvvR4Cs0NUE;_ylu=X3oDMTJtbjg5MGxyBG Fzc2V0A25tLzIwMDkwNTA4L3VzX2Zhbm5pZW1hZV 9yZXN1bHRzBGNwb3MDNQRwb3MDMTMEc2VjA3luX3 RvcF9zdG9yeQRzbGsDZmFubmllbWFldGFw
Almost seems like small potatoes nowadays.
End time for Northern Rock's 100% savers' guarantee
February 24, 2010 End time for Northern Rock’s 100% savers’ guarantee
by Gill Montia
Story link : End time for Northern Rock’s 100% savers’ guarantee
The 100% guarantee on deposits currently enjoyed by Northern Rock savers will come to an end on 24th May 2010.
From then on, customers of the nationalised bank will be covered by the Financial Services Compensation Scheme (FSCS), which currently offers protection of up to £50,000 per individual.
Anyone opening an account before the deadline will automatically come under the FSCS.
The enhanced guarantee came into existence in autumn 2007, when Northern Rock came close to collapse and savers began queuing up to withdraw their cash in what became the first run on a UK bank in over a century.
...News
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