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BUSINESS
January 9, 2014 | By E. Scott Reckard
Delinquencies on consumer loans have hit another all-time low, according to the American Bankers Assn., which says that is good news for the economy as well as for the balance sheets of the banks that are owed money. Bank credit-card delinquencies rose slightly but remained well below their historical norm. At the same time, the rate of missed payments fell on personal loans and loans for cars, mobile homes, boats and recreational vehicles. There was sharp improvement in payments on home-equity loans and lines of credit.
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SPORTS
January 7, 2014 | By Jim Peltz
Galaxy officials said Tuesday the team has acquired Brazilian forward Samuel Rosa Goncalves, known simply as Samuel, on loan from the Fluminense FC team of Brazil's Serie A. Samuel, 22, had 15 goals in 72 appearances over the last two seasons with Fluminense, across all competitions for the club based in Rio de Janeiro. Terms of the loan agreement were not disclosed. "We are pleased to add Samuel to our roster," Galaxy General Manager and Coach Bruce Arena said in a statement.
BUSINESS
January 5, 2014 | By Kenneth R. Harney
WASHINGTON - Higher mortgage rates for 2014? Count on it. Could this be the year to check out hybrid mortgages, which haven't been popular lately? Maybe. You can count on interest rates going higher because: •The Federal Reserve intends to continue reducing its monthly purchases of mortgage bonds and Treasury securities, which will have the side effect of raising rates. •The national economy finally appears to be picking up steam, based on the latest quarterly data. Higher growth rates in turn will increase demand for available credit and probably nudge rates higher.
BUSINESS
January 1, 2014 | By Andrew Khouri
When Michael Shuken recently bought his family's first home, a four-bedroom in Mar Vista, his adjustable-rate mortgage helped them stay on the pricey Westside. For now, his interest-only loan costs him about 35% less per month than a 30-year fixed mortgage, he said. But he'll have a much bigger monthly bill in 10 years, when the loan terms require him to start paying off principal at potentially high rates. "What is going to happen if I can't restructure my loan and extend it?
NEWS
December 24, 2013 | By Kevin Baxter
Remember how excited Clint Dempsey was to come home to the U.S. when he signed with the Seattle Sounders of Major League Soccer in August? Well, now he's going home again -- this time flying the other way. Dempsey, stalwart of the U.S. national team, has accepted a two-month loan with Fulham of the English Premier League, where he had previously played for 5-1/2 seasons. U.S. national team Coach Juergen Klinsmann had strongly urged his MLS players to take winter loans to Europe to prepare for next summer's World Cup. So far Dempsey is the only one who has taken the hint.
SPORTS
December 23, 2013 | By Jim Peltz
The Galaxy said Monday it agreed to loan 20-year-old forward Jose Villarreal to Cruz Azul of Mexico's Liga MX for the 2014 Major League Soccer season. "Sending Jose Villarreal to Cruz Azul provides one of our homegrown players an opportunity to gain additional experience," Galaxy General Manager and Head Coach Bruce Arena said in a statement. "We'll monitor Jose's play and wish him well in Mexico. " The loan fee was not disclosed. A native of Inglewood, Villarreal scored three times in 31 games for the Galaxy this year, including two goals in MLS play and an additional goal in the CONCACAF Champions League tournament.
WORLD
December 17, 2013 | By Sergei L. Loiko
KIEV, Ukraine -- Ukraine's embattled President Viktor Yanukovich reached agreement with Russia on Tuesday for a $15-billion loan from Moscow and a more than 30% cut in the price of Russian natural gas -- deals that aren't likely to win him support from his European-leaning opposition. Thousands of protesters who were gathered in Kiev's Independence Square responded to the news by demanding Yanukovich's resignation and chanting: “Down with the gang!” Yanukovich and Russian President Vladimir Putin announced the accord between the neighboring nations after a meeting at the Kremlin in Moscow.
WORLD
December 17, 2013 | By Sergei L. Loiko
KIEV, Ukraine - Ukraine's beleaguered President Viktor Yanukovich reached agreement with Russia on Tuesday for a $15-billion loan and a more than 30% cut in the price of Russian natural gas, deals that aren't likely to win him peace from his European-leaning opposition. Thousands of protesters who had gathered in Kiev's Independence Square responded to the news by demanding Yanukovich's resignation and chanting: "Down with the gang!" Yanukovich and Russian President Vladimir Putin announced the accord between the neighboring nations after a meeting at the Kremlin in Moscow.
ENTERTAINMENT
December 14, 2013 | By Sharon Mizota
The Duque's in town, and he looks fabulous. As painted by Spanish master Francisco de Goya y Lucientes (1746-1828), the portrait, "Don Pedro, Duque de Osuna," is on loan to the Norton Simon Museum from the Frick Collection in New York. Part of a biennial exchange program, it is on view through March 3. Dating from the mid-1790s, "Don Pedro" was painted while Goya's star was rising in the court of Spain's King Charles IV. (He was appointed first court painter in 1799.) Among Goya's most important patrons, the Duque and his wife, Countess Maria Josefa Pimentel, were great supporters of the arts.
BUSINESS
December 7, 2013 | By E. Scott Reckard
The Federal Housing Administration is reducing the maximum size of the mortgages it will back, a step already taken by housing finance giants Fannie Mae and Freddie Mac. As of Jan. 1, the limits for FHA-insured loans in the nation's most expensive areas will be $625,500 for a single-unit dwelling, down from $729,500, except for certain parts of Hawaii, where the caps will be $657,800 to $721,050. The FHA historically provided insurance on smaller loans so first-time borrowers and people with modest incomes could get mortgages.
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