Business & Economy
BookWorld Now Open at SouthPark Mall PDF Print E-mail
News Releases - Business & Economy
Written by Aleshia Chiesa   
Thursday, 13 September 2012 07:44
BookWorld is now open near Maurice’s at SouthPark Mall

Who: BookWorld Inc. has opened a more than 4,000 sq. ft. store at SouthPark Mall in Moline, IL. This new to the area bookstore offers a wide variety of books, magazines, greeting cards, gifts and much more in a friendly, welcoming atmosphere.

The staff at BookWorld is from the community and is ready to work with customers to help them find everything they need.

What: Stop by BookWorld today for the hometown customer service and selection that makes BookWorld a community staple.

BookWorld Inc.
SouthPark Mall
4500 16th Street
Moline, IL 61265

 
Soul Service Presents "Remove Your Blocks So Your Business Rocks" at the Establishment Theatre September 25th PDF Print E-mail
News Releases - Business & Economy
Written by Stephanie Burrough   
Monday, 10 September 2012 14:28
Local Business Soul Service Presents REMOVE YOUR BLOCKS SO YOUR BUSINESS ROCKS!

WHEN
September 25, 2012 @ 7pm

WHERE
Establishment Theatre
220 19th St, Rock Island, IL

SELF INVESTMENT
$30.  Bring A Friend: $45 for both.  Bring Two Friends: $60 for all three!

WHAT
It's time to get your power back and lead from the edge of infinite possibility!
Ever wonder how your business, your relationships, your life should look in order to be more successful? How's your current strategy working for you? Are your conclusions and judgements benefitting you?  During this seminar Rachel Gendreau, PhD, will give you the tools to get you out of the judgements and conclusions that are blocking and bankrupting your business and your life from all the possibilities that exist!  

With an MBA from NIU and a minor in Finance at The American College, Rachel has enjoyed a successful background as a financial planner and mortgage broker, making it to the Million Dollar round table with Northwestern Mutual in 2000-2004. With a PhD in Holistic Studies, she now enjoys sharing her experience as a Results Oriented Success Coach, Facilitator of Consciousness, Mentor, and Speaker.

RESERVATIONS (encouraged, but not required)

 
Government Proposes Simplified Mortgage Disclosure Forms PDF Print E-mail
News Releases - Business & Economy
Written by Steve Burke   
Monday, 10 September 2012 13:48

By Jason Alderman

No doubt many wannabe first-time homebuyers have been sitting on the sidelines of the volatile housing market, unsure when or how to enter the game. If that describes you, you're probably fortunate to have missed out on the housing bubble and lax lending standards of a few years ago, when millions of people took out mortgages they couldn't afford – or understand.

Homeownership is a long-term commitment filled with expenses (both expected and unexpected) and responsibilities. The upsides – not to mention the tax advantages – are why approximately two-thirds of Americans own instead of renting. But homeownership is not always right for everyone or at every stage of life.

Here's hoping that now, as home prices have plummeted and loan interest rates are at historic lows, you can resist the temptation to get in over your head and first bone up on the many one-time and recurring costs involved in owning your own home.

A good place to start is Know Before You Owe, the financial education initiative launched last year by the Consumer Financial Protection Bureau (CFPB) to ensure that people receive concise, easy-to-understand information regarding mortgages, credit cards and student loans, among other major financial decisions (www.consumerfinance.gov).

After soliciting input from thousands of consumers, lenders, mortgage brokers and consumer advocates, the CFPB recently developed new prototypes for the federal disclosure forms borrowers receive after applying for a mortgage and before closing on the loan.

"When making what is likely the biggest purchase of their life, consumers should be looking at paperwork that clearly lays out the terms of the deal," said CFPB Director Richard Cordray.

The proposed forms combine several different but overlapping documents now required by various federal agencies. But they will simplify the language and format and make it easier to compare different mortgages and more easily understand loan terms, including interest rates, monthly payment amounts, closing costs and how the loan amount might change over time (e.g., with an adjustable-rate loan). They also highlight features borrowers may want to avoid such as prepayment penalties and negative amortization.

In the meantime, if you're considering buying a home, review the proposed forms to get an idea of which costs you should be watching out for. And, even if you're already comparing loans or in escrow, ask your lender to show you where the various costs highlighted in the new forms are located in your current disclosure documents – it might help avoid costly last-minute surprises.

Here are some factors future homebuyers should keep in mind:

  • Start planning now. It could take years to save enough for a down payment and closing costs.
  • Don't forget ongoing expenses like a monthly mortgage payment, mortgage insurance, homeowner's insurance, property taxes, furnishings, maintenance and repairs.
  • People with poor credit ratings usually either don't qualify for loans or pay much higher interest rates. Work on repairing your credit at the same time you launch a savings plan.
  • If your down payment isn't at least 20 percent, you'll probably be required to buy Private Mortgage Insurance (PMI), which protects the lender if you default.

For a comprehensive overview of how different types of mortgages work, check out Bankrate.com. Also, watch the easy-to-follow video explaining mortgages at Practical Money Skills for Life (www.practicalmoneyskills.com), a free personal financial management program run by Visa Inc.

 
Community Job Fair PDF Print E-mail
News Releases - Business & Economy
Written by Dawn L. Robinson   
Monday, 10 September 2012 13:41

 
Loebsack Statement on Department of Labor’s August Jobs Report PDF Print E-mail
News Releases - Business & Economy
Written by Joe Hand   
Sunday, 09 September 2012 13:23

Personally calls on President to push Congress to act

Washington, D.C. - Congressman Dave Loebsack today issued the following statement in response to the Department of Labor’s announcement that the unemployment rate was 8.1 percent in August and 96,000 jobs were added.

“The ongoing political games have gotten us nowhere. Today’s report serves as another reminder that in order for anything to get accomplished that actually improves our economy, Congress must work together.

“The House Republicans have shown an utter lack of leadership. It isn’t leadership when you continually put politics before people and refuse to bring a comprehensive jobs package up for a vote.  Leadership isn’t holding hostage tax cuts for middle class families when we all agree they must be passed.  Leadership isn’t taking our economy up to the brink of collapsing last summer by refusing to deal with the debt ceiling, and pushing it up against a fiscal cliff this fall. Leadership isn’t taking a five-week vacation when Iowans are dealing with the worst drought in 60 years without passing a reformed farm bill.  Iowans expect their leaders to work until the job is complete and the leaders of this Congress have refused to even begin their work.  The games must end and the work must begin.”

   

Today, in a face-to-face meeting, Loebsack also personally urged President Obama to use his position to push Congressional action on multiple critical issues that affect our economy, including the farm bill, a comprehensive jobs package, wind energy tax credit, sequestration, and middle class tax cuts.  He stressed the importance of action and the dire consequences if no action is taken.  A copy of the letter he presented to the President can be found here.   

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