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March 2004 Vol. 6 No. 3 | Submit stories, articles, letters, essays, poetry here! |
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ONE LOS ANGELES FAMILY SAYS PREDATORY LENDING? NOT IN MY HOME!SUNDAY, MARCH 14 @ 9:00AM - THEY TELL THEIR STORY, ON HOT 92 JAMZ IN LOS ANGELES Los Angeles, CA - (3/12/04) It is hard to believe the same family, with the same credit rating, can walk into two different mortgage companies to refinance their home loan, and receive drastically different qualifying rates. This is a difference in rate that would have cost the family over $300 more a month in their payment, and over $4000 in lost equity every year, totaling over $10,000 in lost equity over the life of the loan, if they had not tuned to Hot 92.3 Jamz. Well, it happened to the Avina family! In October of last year, the Avinas started the process of refinancing their home with their then current mortgage company, so they can ensure their rate would not go up, since they were in a two year adjustable mortgage that was ready to soar. The Avina family also needed to consolidate some debts, and fix the roof on their house. While their loan was in the process, the Avinas heard a show on Hot92 Jamz, in Los Angeles, about homeownership that featured Fair Community Lending Services (FCLS). The show discussed the disparities which exist in homeownership, leaving minority families as the #1 victims of predatory lending, unfair lending practices, and gave consumers tips on how to protect themselves. The Avina family then realized they may have been victims in the past, and might be victims again, so they called Fair community Lending Services for help. FCLS opened the door to the Avina family by educating them on the home loan process, and connected them to Platinum Capital Group, a Los Angeles based broker, to help them get into a better position. Platinum Capital Group offered the Avinas a 30 year fixed program at 7.74% as opposed to the 9.625% 2 year adjustable mortgage in which their current lender was trying to place them. "My mortgage company laughed at me when I told them that I found someone who can give me a 2% less rate, and it was a 30 year fixed loan - not just a 2 year fixed. They said it would never happen. Ana and her husband will share their story on Sunday, March 14 at 9:00am on 92.3 FM, in Los Angeles, on The Community Review show which can also be heard at www.hot92jamz.com worldwide and is hosted by Josefa Salinas, the same show that empowered them in 2003. The hour long show will reach out to more consumers in an effort to provide them with the tools to become homeowners, or take back control of their equity by ensuring they are in the best rate for their credit. "When Fair Community Lending Services comes on the air the phones are always ringing!" comments host of the community review Josefa Salinas. I found out I was a victim after they came on my show. They helped me refinance two of my homes, saving me hundreds of dollars a month on my payments, which I now understand will save me thousands of dollars in equity. " "Equity is the key word," comments founder of FCLS Shirn Sharkawi. "Rate disparities cause a loss of wealth. In 1920 African Americas owned 15.5 million acres of land. Today, they own 1.1 million acres. I have to ask myself if we have really moved forward. Every day we hear and see horror stories of families wanting a home so bad that they are willing to do whatever is needed. White house statistics released a couple of years ago, show 50% of minority families are in higher rates than which they qualify. Over 9 billion dollars in hard earned equity is lost every year to predatory lending. That 9 billion dollars could be put back in the pockets of homeowners, in the form of their kids' education, health insurance and for many - food on their table. Minority consumers are targeted in every area, and FCLS is working to ensure consumers' homes are protected." Fair Community Lending Services works to eliminate predatory lending, and increase minority homeownership. The company's foundation was built on the finding resolution to the barriers that exist in homeownership as reported by HUD (Housing and Urban Development) in order to assist President Bush with Americas Homeownership Challenge, that calls on an increase in minority homeownership by 5.5 million families by 2010. The company's one of a kind approach works to educate consumers, connects them with a fair broker or lender who agrees to cap their fees and rates, and audits files prior to closing, to ensure consumers are in the best rate for their credit standing, and all regulations have been met. [distributed through BlackPR.com/BlackNews.com]
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Dayton, OH - (BlackPR.com/BlackNews.com) - The endless search for small business grants is over. Today, Cypher Signature Design Group (CSDG), a new media design and marketing firm, launches a special program for new business owners interested in developing a web site and obtaining financing through small business grants. The program, named for the firm's slogan, is simply titled the "Step Forward Start-Up Program".
According to the Small Business Administration (sba.gov), approximately 28% of business owners are forced to file bankruptcy due to the lack of financing. "Financing is a major obstacle for entrepreneurs looking to start their business. However, what these new entrepreneurs lack in capital can be made up in the awareness of available resources," said Rhonda Winn, Creative Director for CSDG.
The program is a great opportunity for those looking to start a business. Our program includes many resources, including a free report on small business grants. Starting a business without all the risk has never been easier. The program also includes a consultation with business owners in order to develop a business plan, web site development and marketing, and The Small Biz Startup Kit Version 2.0 (SBSK). The SBSK is a resource within itself as it includes 500 pages of small business research and resources, a CD-ROM, and special offers and materials for small business owners. For information on the SBSK, visit the official site at http://smallbizstartupkit.com
Many people believe launching a new business is too risky. And rightfully so. Over half of small businesses fail within the first year. And over 95% of new small businesses fail within the first five years. Those are awfully bleak statistics. In order to overcome them, small business owners should take invest their time and effort researching available tools and resources that are often free or low in cost, Winn stated recently. She refers to the Small Business Administration as the source of her data. The overwhelming odds of small business failure is the primary reason we developed this program. There is no reason for people interested in small business to forego entrepreneurship because they believe they don't have enough money or time.
The Small Business Administration has conducted several studies on small business startup costs. On the research portion of the SBA.gov web site it states that the median amount of funds that solo entrepreneurs thought they needed to launch a venture was $6000. The median amount that team ventures expected to need was $20,000. The "Step Forward Start-Up Program" can be joined for under $200.
About Cypher-SDG.com
Cypher-SDG is committed to assisting small business owners reach their goals. Since 2000, CSDG has worked with business owners to develop business and marketing plans, web sites, business identity, and other marketing materials. They have completed successful projects for clients all over the world, spanning from South Africa to Beverly Hills, California. The company is based in Dayton, Ohio. Those interested in Cypher-SDG.com and the services they provide may visit http://cypher-sdg.com
For more information, about the "Step Forward Start-Up Program" and to receive the special introductory price, visit http://cypher-sdg.com/pr.php
PRESS CONTACT: Rhonda Winn, Cypher Signature Design Group,
877.594.0539,
http://cypher-sdg.com
Wednesday March 3, 4:08 pm ET
Further to Our Press Release of March 2nd, 2004 ' ... Wind is the World's Fastest-Growing Energy Source - Wind Energy Could Power Every Home in Europe by 2020'
FOX ISLAND, Wash., March 3 /PRNewswire/ -- First National Power Corp (OTC Bulletin Board: FNPR - News) from an Article published, LONDON, March 1 /CNW/ -- Every home in Europe could be powered by clean green offshore wind energy, according to a new report released by international energy experts. Researchers at the respected Garrad Hassan group examined wind speeds, sea depths, economic infrastructure and advancements in offshore wind technology. They concluded that as many as 50,000 turbines could be built in European seas, generating the equivalent of 720 billion domestic units of electricity -- enough to power well over 150 million homes.
The report -- entitled "Sea Wind Europe" -- predicts the European wind industry is about to expand hugely, with major construction projects off countries including Germany, the UK, the Netherlands, France and Spain. It says wind could supply almost a third of all Europe's electricity needs including industry, service sector and domestic needs -- a comparable amount to that currently supplied by the entire EU nuclear industry.
The researchers go on to say that by 2020
wind power could:
-- create up to 3 million jobs across Europe
-- rejuvenate declining industries and depressed industrial areas
-- create a multi-million euro renewable energy market
-- set Europe on the road to a completely clean energy supply system
that
is safe, secure and environmentally sustainable
-- provide cheaper electricity than both coal and nuclear power.
"Canada holds the bulk of North American wind potential and yet we're lagging behind in terms of both wind production and investment," said Steven Guilbeault from Greenpeace. "The Canadian government is missing a great opportunity to be a leader in the field of renewable energy, instead of which it continues to favor polluting fossil fuels and nuclear energy."
"World leaders are facing the massive twin problems of energy security and climate change. This report shows that wind farms at sea, and on land, can be the backbone of the world's clean energy future, putting an end to the lie that renewable energy can't deliver on a large scale. What is true for Europe could also be true for Canada if Paul Martin could show the leadership that is required to make it happen," Guilbeault added.
The report can be found at http://www.greenpeace.org.uk/seawindeurope.htm
About First National Power First National Power Corporation is a fully reporting Public Corporation listed on the NASDAQ Over-the-Counter Bulletin Board (OTC/BB) under the trading symbol FNPR (formerly CSNI). The FNPR Green Energy Power Generation business model is designed to develop and implement cutting edge technology not formerly utilized in the electrical power generation industry and current technology configurations in new and exciting commercial applications, as exampled by the GREEN OASIS project under current development. http://www.firstnationalpower.com
"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Source: Wannigan Capital Corp
E-mail:drumbeats@dvercity.com Snail-mail:DverCITY, Inc., P.O. Box 1244, Tallahassee, FL 32302 Questions /Comments: Webmaster Revised --March 9, 2004 |
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