News - Debt Connection - Your Online Resource for the Collection and Recovery Industry!

FREDDIE MAC REPORTS $550M LOSS
Freddie Mac, the No. 2 U.S. mortgage finance company, reported on Friday a $550 million net loss for the third quarter which it blamed on a decline in long-term interest rates, sending share prices down.
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MADIGAN SUES DEBT COLLECTION AGENCY
Illinois Attorney General Lisa Madigan sued on Wednesday a debt collection agency she says used intimidation and misrepresentation and tried to collect money from some consumers who didn't owe anything.
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FED OFFICIALS MOVE TOWARD A NEUTRAL STANCE ON RATES
(Bloomberg) -- Federal Reserve policy makers moved closer to replacing their bias for higher interest rates with a neutral stance.
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BANKRUPTCY LAW CHANGES CITED FOR DROP IN FILINGS
TULSA, Okla. Bankruptcy filings in Oklahoma's federal courts dropped dramatically in 2006, and federal officials credit a bankruptcy-reform law for the lower numbers.
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FCC GREENLIGHTS AT&T MERGER WITH BELLSOUTH
The Federal Communications Commission last week approved the merger of AT&T Inc. and BellSouth Corp.
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SEARCH: ADVANCED AP NARDELLI RESIGNS AS CEO OF HOME DEPOT
ATLANTA - Bob Nardelli abruptly resigned Wednesday as chairman and chief executive of The Home Depot Inc. after a six-year tenure that saw the world's largest home improvement store chain post big profits but left investors disheartened by poor stock performance.
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PRS ASSETS NAMES CRAIG MANSETH PRESIDENT
DENVER--(BUSINESS WIRE)--PRS Assets, LLC, a collection industry leader in debt purchase and sale, announced today that Senior Vice President, Craig Manseth, has been selected to serve as the company’s President. Manseth replaces J. P. Kelso, who recently passed away.
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CHECKFREE TO BUY CARREKER FOR $206 MLN
NEW YORK, Jan 2 (Reuters) - CheckFree Corp. (CKFR.O: Quote, Profile , Research), a maker of software for online bill paying, said on Tuesday it agreed to buy Carreker Corp. (CANI.O: Quote, Profile , Research) for $206 million to expand its payment processing and consulting services to the financial industry.
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FTC CHARGES CHICAGO-AREA DOCTOR GROUPS WITH PRICE FIXING
The Federal Trade Commission today announced its decision to challenge the conduct of several organizations representing more than 2,900 independent Chicago-area physicians for agreeing to fix prices and for refusing to deal with certain health plans except on collectively determined terms.
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HOME SALES, MORTGAGE APPLICATIONS FEEL HOLIDAY LULL
Mortgage application activity faltered last week as rates edged up and holiday duties rose to the tops of priority lists, according to a report issued Wednesday by the Mortgage Bankers Assn. For the critical retail week ending Dec. 22, the MBA's Market Composite Index, a measure of mortgage loan appreciation volume, decreased 14.2% to 555.8 on a seasonally-adjusted basis from 647.6 the week ending Dec. 15. On an unadjusted basis, the index was up 16.6% year-over-year.
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FED DELAYS MINUTES, DISTRICT BANKS TO OPEN JAN. 2
The Federal Reserve said minutes of the December meeting of the Federal Open Market Committee will be delayed until Jan. 3 because of a national day of mourning for former President Gerald R. Ford.
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DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured this week:

Portfolios For Sale:

$11,655,887.07 Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?311
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$7,615,198.47 Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?310
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

Agencies:

UNITED COLLECTION BUREAU, INC.
Sanju Sharma
954-236-6027
http://www.debtconnection.com/moreinfo.asp?2201

T K CREDIT RECOVERY
510-724-9590

Debt Buyers:

BAL FINANCIAL LLC
617-595-5794

Debt Sellers:

BAL FINANCIAL LLC
Katy Land
617-595-5794
http://www.debtconnection.com/moreinfo.asp?1774

Skip Tracing :

TELETRACK
Julie Thiel
800-729-6981
http://www.debtconnection.com/moreinfo.asp?1779

Software:

AUTOSCRIBE CORPORATION
Christopher McClinton
800-345-7243
http://www.debtconnection.com/moreinfo.asp?2226

ACCELERATED DATA SYSTEMS
904-996-7304

This report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including...

Marketing your portfolio.
Due Diligence for Buyers and Sellers.
Evaluating the viability of a sale.
Addressing pricing, contract and negotiation considerations.
Attaining the most efficient transition possible, while minimizing post-sale issues.

Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs.
Check us out at: http://www.debtmarketplace.com/

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At A Glance Archive

At A Glance - Friday, December 28, 2007

At A Glance - Wednesday, December 26, 2007

At A Glance - Friday, December 21, 2007

At A Glance - Wednesday, December 19, 2007

At A Glance - Friday, December 14, 2007

At A Glance - Wednesday, December 12, 2007

At A Glance - Friday, December 07, 2007

At A Glance - Wednesday, December 05, 2007

At A Glance - Friday, November 30, 2007

At A Glance - Wednesday, November 28, 2007

At A Glance - Friday, November 23, 2007