After the announcements on November 8, 2007 that E-Loan was laying off 517 people, we got word “They will keep just a few people while they wind down.” Turns out it’s true. This just in: Sent: Wednesday, January 30, 2008 4:46 PM To: [deleted]@sbcglobal.net Subject: E-Loan Equity Connect - Effective Immediately! I regret to inform you that effective immediately E-LOAN has temporarily suspended all wholesale operations until further notice. For loan status questions, please call 877-428-5177, or email hequestions@eloan.com. More to follow. We will repost and update shortly. We started a Discussion on E-Loan in early November. Click here to participate. E-Loan is wholly owned by Banco Popular, who we previously reported on here.

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SYNNEX Corporation , a leading business process services company, announced today its plans to participate in the Thomas Weisel Partners 2008 Technology Conference being held on February 4-6, 2008 at the … via Customer Interaction Solutions

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“People’s accounts at Davidson are fine”

A computer hacker broke into a Davidson Companies database and obtained the names and Social Security number of virtually all of the Great Falls financial services company’s clients. via Great Falls Tribune

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“The short-term timing could be erratic, but we still see a lot of opportunities”

Merger advisory firm Lazard Ltd on Wednesday said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees. via BNET

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As I have mentioned repeatedly (too many times to link), the roller coaster ride of mortgage rates will get pretty wild this week with a slew of news coming through and today is the beginning.This morning’s ADP report came in strong and that may weigh on the Fed decision later today as they certainly […]

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Ok! so the Feds dropped the Fed Funds Rate down to 3%And the Discount Rate is now 3.5%That makes the Prime Rate down yet another 1/2%! Which means your Home Equity Line of Credit (which is based on Prime) […]

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“The long-term rate matters much more for the economy than the short-term rate since it affects the rate that people will pay on mortgages, car loans and most other important sources of credit. If the Fed’s rate cuts lead to higher long-term rates, then it is possible that it is actually slowing growth by cutting rates.”

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‘The only thing that gets paid off on the money that never needed to be borrowed in the first place is the interest via the income tax on the citizens. Now that’s Ponzi capitalism par excellence.’

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Analysts Katy Huberty - ” Morgan Stanley. Kartik Mehta - FTN Midwest. Reik Read - Robert W. Baird & Company. via Seeking Alpha

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“The Fed action pushed the funds rate to 3 percent… The half-point cut Wednesday followed news that the economy had slowed significantly in the final three months of last year with the gross domestic product expanding at a barely discernible pace of 0.6 percent, less than half what had been expected. The report came amid increased concern from several quarters about a possible recession.” — Possible, or begun a year ago?

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