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OTC Markets Group Welcomes Woodlands Financial Services to OTCQXB.

December 19th, 2014

OTC Markets Group Welcomes Woodlands Financial Services to OTCQX®

December 19, 2014: 07:00 AM ET

NEW YORK, Dec. 19, 2014 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Woodlands Financial Services Company (OTCQX: WDFN), the parent company of Woodlands Bank in central Pennsylvania, has qualified to trade on OTCQX®, the best marketplace.

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Woodlands Financial Services begins trading today on OTCQX under the symbol “WDFN.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

“We are thrilled to welcome Woodlands Financial Services Company, our newest community bank and 10th Pennsylvania based bank to join the OTCQX marketplace,” said R. Cromwell Coulson, President and CEO of OTC Markets Group.  “Trading on OTCQX will provide Woodlands Financial Services a shareholder-friendly trading platform, dedicated capital market support and enhanced visibility with investors nationwide.  We look forward to supporting Woodlands Financial Services’ continued growth and success.”

“In our commitment to maximize the shareholder value of Woodlands Financial Services Company (WDFN), we are excited with the approval we have received to have WDFN stock traded on the OTCQX marketplace,” said Jon Conklin, President and CEO of Woodlands Financial Services.  “The increased exposure that will be gained through trading on this prominent exchange will provide our shareholders with a much improved liquidity in their shares and ultimately with more value in their overall investment in Woodlands Financial Services Company.”

Boenning & Scattergood, Inc. serves as Woodland Financial Services’ Corporate Broker on OTCQX.

Woodlands Bank is a local community bank that offers all the sophistication and services that you would expect from a much bigger bank, but with a personal touch.  The bank’s professional and knowledgeable employees are friendly, local people you know and trust.  

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities.  Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities.  We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace.  Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors.  To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-woodlands-financial-services-to-otcqx-300012322.html

SOURCE OTC Markets Group Inc.

 

Time to get real on property handouts

December 16th, 2014

GST allows the individual to decide how much tax they pay based on the value of purchase. Increasing the level of GST, reducing taxes and the crippling government charges – especially state-related – would have a dramatic and immediate impact on affordability. The counter argument will be that property prices would also increase. Even if property prices increased by 10 per cent, this would mean a first home buyer would have to save an additional $1,750 to raise the 5 per cent – a far cry from $16,500. Even a 20 per cent increase would mean $3,500.
The most negative issue regarding government property charges is that they have to be paid in addition to the purchase price, instead of repaid over a period of up to 30 years, as is the case with the purchase price or valuation of a property.

Alex Filipovic, manager, Axel Finance

Alex has over 40 years experience in banking and finance, and specialises in home loans, investment and consolidation loans, business and commercial facilities and vehicle and equipment finance.

He established Axel Finance in 1998 as a boutique mortgage broking business, and previously worked for 27 years at Commonwealth Bank and was a managing partner at Morgan Brooks in Adelaide.

Alex holds a Diploma of Financial Services (Finance/Mortgage Broking Management) and a Diploma of Financial Planning.

Blue Home Loans, Inc. Helps CA Mortgage Borrowers Prepare For 2015

December 12th, 2014

The California mortgage company offers help and advice for California mortgage borrowers seeking to start out on the right track in the year ahead when it comes to their home finances.

San Diego, CA (PRWEB) December 11, 2014

Blue Home Loans, Inc. is a full-service California mortgage company that has been serving the homeowners and buyers of California with honesty, integrity and competence for many years. The mortgage professionals at Blue Home Loans lead by father and son, Robert and Brandon Blue, are known for their excellent customer care, low wholesale mortgage rates, and expertise in a very wide range of loan products. Now, with the New Year fast approaching, the Blue Home Loans team offers some insight that can help CA mortgage borrowers prepare for 2015.

Probably one of the biggest New Year’s resolutions that most families will have this coming year is to start reducing debt and start saving more money. This can be a lot easier said than done, especially when families are faced with high interest debt from things like credit cards or have gotten very far behind because of unforeseen circumstances, such as an accident or illness resulting in high medical expenses. However, Blue Home Loans explains that there are many ways for mortgage borrowers to save money, not just on their home loan, but on other loans and debts, as well.

One of the most obvious ways to save money on a home loan is to reduce monthly payments through refinancing. This might be a very good option for many homeowners right now since recent decreases have brought California mortgage rates down to 18 month lows. Aside from a lower monthly payment, homeowners in California may also wish to take advantage of the equity they are finally seeing on their homes, thanks to the housing market recovery. They can use this equity to take out money on their homes which can be used to pay off other high interest loans and expenses, or even to put towards education so that better employment options are available.

Another option available for families in a jam is debt consolidation. These types of loans are especially useful for those who have been sinking in credit card debt, as they allow borrowers to combine all their loans and debts into one loan, usually at a fairly lower rate and monthly payment, without fear that that their rate will get higher. These loans can also make payments seem more manageable and less confusing. Of course, the only real way to fix the credit debt problem is to learn how to manage credit properly. But for those who have been doing their part to resolve the problem, debt consolidation loans can keep credit card debt from spiraling out of control and offer the breathing space they need to pull ahead.

Blue Home Loans, Inc. can help California homeowners who want to start off the New Year on the right foot to find the best solution for their mortgage finance needs. The Blue Home Loans website states, “We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.

For more information on how Blue Home Loans can help California home loan borrowers save money on their home loans, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate — BRE #01938557 NMLS #1162386

For the original version on PRWeb visit: http://www.prweb.com/releases/blue-home-loans/ca-borrowers-2015/prweb12391763.htm

Blue Home Loans, Inc. Helps CA Mortgage Borrowers Prepare For 2015

December 12th, 2014

>PRWEB.COM Newswire

San Diego, CA (PRWEB) December 11, 2014

Blue Home Loans, Inc. is a full-service California mortgage company that has been serving the homeowners and buyers of California with honesty, integrity and competence for many years. The mortgage professionals at Blue Home Loans lead by father and son, Robert and Brandon Blue, are known for their excellent customer care, low wholesale mortgage rates, and expertise in a very wide range of loan products. Now, with the New Year fast approaching, the Blue Home Loans team offers some insight that can help CA mortgage borrowers prepare for 2015.

Probably one of the biggest New Years resolutions that most families will have this coming year is to start reducing debt and start saving more money. This can be a lot easier said than done, especially when families are faced with high interest debt from things like credit cards or have gotten very far behind because of unforeseen circumstances, such as an accident or illness resulting in high medical expenses. However, Blue Home Loans explains that there are many ways for mortgage borrowers to save money, not just on their home loan, but on other loans and debts, as well.

One of the most obvious ways to save money on a home loan is to reduce monthly payments through refinancing. This might be a very good option for many homeowners right now since recent decreases have brought California mortgage rates down to 18 month lows. Aside from a lower monthly payment, homeowners in California may also wish to take advantage of the equity they are finally seeing on their homes, thanks to the housing market recovery. They can use this equity to take out money on their homes which can be used to pay off other high interest loans and expenses, or even to put towards education so that better employment options are available.

Another option available for families in a jam is debt consolidation. These types of loans are especially useful for those who have been sinking in credit card debt, as they allow borrowers to combine all their loans and debts into one loan, usually at a fairly lower rate and monthly payment, without fear that that their rate will get higher. These loans can also make payments seem more manageable and less confusing. Of course, the only real way to fix the credit debt problem is to learn how to manage credit properly. But for those who have been doing their part to resolve the problem, debt consolidation loans can keep credit card debt from spiraling out of control and offer the breathing space they need to pull ahead.

Blue Home Loans, Inc. can help California homeowners who want to start off the New Year on the right foot to find the best solution for their mortgage finance needs. The Blue Home Loans website states, We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.

For more information on how Blue Home Loans can help California home loan borrowers save money on their home loans, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate — BRE #01938557 NMLS #1162386

Read the full story at http://www.prweb.com/releases/blue-home-loans/ca-borrowers-2015/prweb12391763.htm

Blue Home Loans, Inc. Helps CA Mortgage Borrowers Prepare For 2015

December 12th, 2014

The California mortgage company offers help and advice for California mortgage borrowers seeking to start out on the right track in the year ahead when it comes to their home finances.

San Diego, CA (PRWEB) December 11, 2014

Blue Home Loans, Inc. is a full-service California mortgage company that has been serving the homeowners and buyers of California with honesty, integrity and competence for many years. The mortgage professionals at Blue Home Loans lead by father and son, Robert and Brandon Blue, are known for their excellent customer care, low wholesale mortgage rates, and expertise in a very wide range of loan products. Now, with the New Year fast approaching, the Blue Home Loans team offers some insight that can help CA mortgage borrowers prepare for 2015.

Probably one of the biggest New Year’s resolutions that most families will have this coming year is to start reducing debt and start saving more money. This can be a lot easier said than done, especially when families are faced with high interest debt from things like credit cards or have gotten very far behind because of unforeseen circumstances, such as an accident or illness resulting in high medical expenses. However, Blue Home Loans explains that there are many ways for mortgage borrowers to save money, not just on their home loan, but on other loans and debts, as well.

One of the most obvious ways to save money on a home loan is to reduce monthly payments through refinancing. This might be a very good option for many homeowners right now since recent decreases have brought California mortgage rates down to 18 month lows. Aside from a lower monthly payment, homeowners in California may also wish to take advantage of the equity they are finally seeing on their homes, thanks to the housing market recovery. They can use this equity to take out money on their homes which can be used to pay off other high interest loans and expenses, or even to put towards education so that better employment options are available.

Another option available for families in a jam is debt consolidation. These types of loans are especially useful for those who have been sinking in credit card debt, as they allow borrowers to combine all their loans and debts into one loan, usually at a fairly lower rate and monthly payment, without fear that that their rate will get higher. These loans can also make payments seem more manageable and less confusing. Of course, the only real way to fix the credit debt problem is to learn how to manage credit properly. But for those who have been doing their part to resolve the problem, debt consolidation loans can keep credit card debt from spiraling out of control and offer the breathing space they need to pull ahead.

Blue Home Loans, Inc. can help California homeowners who want to start off the New Year on the right foot to find the best solution for their mortgage finance needs. The Blue Home Loans website states, “We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.

For more information on how Blue Home Loans can help California home loan borrowers save money on their home loans, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate — BRE #01938557 NMLS #1162386

For the original version on PRWeb visit: http://www.prweb.com/releases/blue-home-loans/ca-borrowers-2015/prweb12391763.htm

Equinix Sees Uptick in Globally Deployed Financial Services Customers …

December 10th, 2014

Equinix Sees Uptick in Globally Deployed Financial Services Customers Spanning Multiple Asset Classes

BME, FXCM, SmartTrade Technologies, Triana and Chi-X, add asset and service diversity to financial services ecosystem, cite ease of multi-region deployment for choosing Equinix data centers
December 09, 2014: 08:00 AM ET

REDWOOD CITY, Calif., Dec. 9, 2014 /PRNewswire/ — Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that multiple new customers have joined its financial services ecosystem, bolstering an already diverse customer base inside Platform Equinix™ that spans multiple geographies, asset classes and financial markets. Ranging from startups to established options, futures and currency exchange firms, each has chosen to colocate with Equinix due to its turnkey access to multiple financial markets and ability to support the IT workloads, interconnectivity demands and regulatory requirements unique to financial services.

Highlights / Key Facts

  • Across the globe, Equinix’s diverse financial services ecosystem helps its multi-asset customer base efficiently enter key markets with operational ease. Its global footprint of more than 100 international data centers provides the advanced infrastructure needed to ensure regulatory compliance across regions and asset classes. In addition, Platform Equinix provides companies with access to complex event processing engines, helping them discover market opportunities and make smarter trading decisions.
  • The breadth of business opportunities and operational advantages Equinix offers has successfully attracted a variety of global financial firms:
    • BME, Bolsas y Mercados Espanoles (BME) is the operator of all stock Markets and financial systems in Spain. BME has been a listed company since 14 July 2006 and an IBEX 35® constituent since July 2007. In the last few years it has become a reference in the sector in terms of solvency, efficiency and profitability. BME has recently opened a new point of Presence (PoP) in Equinix London IBX LD4 to allow investments firms access to the Spanish operator.
    • FXCM Inc., a leading online provider of foreign exchange (FX), trading and related services worldwide, has been a customer of Equinix in North America, Europe and Asia since 2011. FXCM became a licensed provider for FastMatch, a matching system for foreign exchange trading in 2012 who also leverages Equinix data centers in New York (NY4), London (LD4) and in 2013 added an additional matching engine in Tokyo (TY3), to reduce latency for the Asia-pacific client base.  
    • SmartTrade Technologies, a leading global liquidity management solution company,  has deployed its liquidity management system and LiquidityFX™ platforms  in three Equinix International Business Exchange™ (IBX®) data centers in New York, London and Tokyo for 24/7 availability and access to liquidity providers and carriers. Liquidity Management System (LMS) is a platform currently used by tier 1 banks and institutions, and both LiquidityFX and LMS connect brokers, hedge funds and other financial institutions with more than 35 tier 1 and tier 2 banks and electronic communications networks (ECNs) within SmartTrade’s private cloud.
    • Triana offers a range of post-trade and risk-management services used across asset classes – equities, equity derivatives, fixed-income futures, exchange-traded derivatives and others – and trade contexts, from OTC to global exchanges. It has been a customer of Equinix for one year and has a point of presence (POP) in New York (NY4) where many of its customers are also colocated. Based on its experience in NY4 thus far, Traiana is considering POPs in Europe, Asia and South America as demand increases for its services, particularly as it is currently operates the only limit hub in the OTC derivatives market addressing Dodd-Frank legislation on trade certainty.
    • Chi-X Australia, a wholly-owned subsidiary of market operator Chi-X Global LLC, delivers a low latency, high performance, stable and resilient trading system that supports the Australian equities market. Chi-X recently renewed its agreement with Equinix as its primary data center which offers participants superior proximity hosting and network connectivity.
  • In addition, Equinix provides colocation for several platforms such as BIDS, Liquidnet and IEX that facilitate Institutional or block-order flow. There is a mutual benefit to the platforms and their participants by having a financial services ecosystem in a neutral colocation facility such as Equinix.
  • Equinix data centers provide colocation for over 800 financial services customers who include over 175 exchange and trading venue deployments around the globe. Today, 20 percent of Equinix’s revenues come from the financial vertical.

Quotes

  • John Burchenal, global head of strategic business development, Traiana:

“Equinix is an interesting company for us; it thinks more about the business of being a global data center provider than most companies of its type. It’s not just about hosting, even though Equinix does this better than anyone – it thinks about its customers and what they need to survive and grow. Its services and ecosystem are a unique selling point for us, particularly as we look to increase our presence globally in anticipation of other global exchanges and jurisdictions requiring the same pre- and post-trade services we’ve developed for U.S. markets.”

  • Mike Aikins, chief operations and technology officer, Chi-X Australia:

“Since the launch of Chi-X Australia, Equinix has provided a secure, high performance and resilient data center facility for our market operations. Over the past four years, Chi-X has become a major trading venue in Australia’s equity markets — in July 2014 Chi-X captured over 29 percent market share by total market value traded.  As we look to continue to grow our products and services in Australia, we are very pleased to have Equinix as our strategic data center partner.”

  • Stewart Orrell, senior director, global enterprise, Equinix:

“As firms seek turnkey methods of increasing global growth, the data center becomes an increasingly important asset to buy-side, sell-side and analytics firms in the financial industry. We expect that our financial services customers will see additional gains from tapping providers in our cloud, mobile and network ecosystems.”

About Equinix 
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,500 companies directly to their customers and partners inside the world’s most networked data centers. Today, businesses leverage the Equinix interconnection platform in 32 strategic markets across the Americas, EMEA and Asia-Pacific. http://www.equinix.com/.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such

differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix’s filings with the Securities and Exchange Commission. In particular, see Equinix’s recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Equinix and IBX are registered trademarks of Equinix, Inc. 
International Business Exchange is a trademark of Equinix, Inc.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/equinix-sees-uptick-in-globally-deployed-financial-services-customers-spanning-multiple-asset-classes-300006735.html

SOURCE Equinix, Inc.

 

The PNC Financial Services Group To Report Fourth Quarter And Full Year …

December 10th, 2014

The PNC Financial Services Group To Report Fourth Quarter And Full Year Earnings On January 16

December 09, 2014: 08:58 AM ET

PITTSBURGH, Dec. 9, 2014 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the fourth quarter and full year 2014 on Friday, Jan. 16, 2015.  PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10:00 a.m. (ET).

Dial-in Number:              

877-272-3498 and 303-223-2680 (international)                                

Internet Access:             

Live audio webcast accessible at www.pnc.com/investorevents

Presentation Materials:  

Presentation slides, earnings release and supplementary
financial information will be available on PNC’s website at
www.pnc.com/investorevents prior to the start of the
conference call

Replay Information:        

Available on PNC’s website for 30 days, and via
telephone for one week at 800-633-8284 and
402-977-9140 (international), Conference ID 21754455

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the United States’ largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

CONTACTS:

MEDIA:
Fred Solomon
(412) 762-4550
corporate.communications@pnc.com

INVESTORS:
William H. Callihan
(412) 762-8257
investor.relations@pnc.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-pnc-financial-services-group-to-report-fourth-quarter-and-full-year-earnings-on-january-16-300006849.html

SOURCE The PNC Financial Services Group, Inc.

 

UK – Banking and financial services jobs set for growth in 2015, says Michael …

December 9th, 2014

Market confidence is strongest among front office banking jobs. With next year’s economic forecast looking considerably positive for banking and financial services professionals, according to the 2015 Annual Banking amp; Financial Services Salary Survey from recruitment firm Michael Page.

The survey revealed high levels of optimism from a macro perspective and displayed growth across several front office areas; including mergers amp; acquisitions, leveraged finance, asset finance, and corporate banking.

Andrew Breach, Head of Page Executive’s newly launched Banking and Financial Services Practice, said the hiring trends in 2015 will undoubtedly outperform the hiring trends in 2014, and the UK economic performance should mirror this growth.

“Despite increased pressure within the banking amp; financial services industry, business attitudes remain fundamentally optimistic and 2015 looks positive in terms of the hiring market. Interestingly, the US economy remains robust and is delivering above-trend growth in the banking amp; financial services industry. The UK, while not performing to the same level as it US counterparts, is delivering strong results and is substantially outperforming mainland Europe.”

“However, employees need to understand that the outlook for businesses will remain in a state of flux as recent economic data shows that both the UK and global economy recovery remain fragile. That being said, significant improvements have been made since 2009 and a thriving and buoyant job market is now a reality,” Mr Breach explained.

In addition, the survey revealed that several banks have attempted to stem the outflow of junior employees by increasing base salaries, to an extent where anomalies can occur, ie a Senior Associate can be paid £110,000 while a junior, underperforming, Director can be paid £130,000.

“With the EU bonus cap coming into force, many sell-side institutions are affected by the 100% and 200% caps; and salaries which have subsequently gone up to compensate. People are realising that compensation is taking a backseat and employers need to focus on strategies for retention, not just at a company level but a divisional and team level,” Mr Breach added.

He also stated that more businesses are increasing their female talent at mid and senior levels: “The increasing focus on retaining more female candidates at a higher level of seniority has benefitted our company’s target to increase the number of female candidates on short lists for retained search. With the World Economic Forum predicting that the workplace gender gap will not close until as late as 2095, banks and financial institutions can no longer avoid addressing this issue.”

“The glass ceiling is by no means broken, but we are witnessing a remarkable improvement in gender equality in the banking amp; financial services industry and where attitudes have widely altered, practice must now catch up,” Mr Breach concluded.

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Moody’s: US private and FFELP student loan ABS will remain strong in 2015

December 8th, 2014

New York, December 08, 2014 — The improving economy will bolster the credit quality and performance
of US private student loan (PSL) and Federal Family Education Loan Program
(FFELP) asset-backed securitizations (ABS), according to
the 2015 outlooks from Moodys Investors Service.

Default rates on PSL pools will continue to decline, with rates
at pre-recession levels. In third-quarter 2014,
Moodys PSL default rate index dropped below 2.5%
for the first time since 2006, says 2015 Outlook —
US Private Student Loan ABS: Transaction Credit Quality Will Remain
Strong and Loan Performance Will Continue to Improve.

Defaults will fall further because of continued declines in unemployment,
combined with the strong collateral characteristics of new loan pools
and the aging of seasoned pools past their peak default periods,
says Tracy Rice, a Moodys Vice President and Senior Analyst.

New PSL transactions will feature loan pools of higher quality,
compared with 2014 deals, because they will contain a greater proportion
of newly originated loans made to borrowers with stronger credit attributes,
says Rice, author of the report. Loans made to borrowers
currently attending school will also have a slightly higher percentage
of co-signers, making them less risky.

PSL issuance will rise in 2015, the result of higher issuance from
Sallie Mae Bank and Social Finance, Inc., raising volume
from $3.5 billion in 2014.

FFELP ABS, which rely heavily on the US government for reimbursement
of defaulted loans, will benefit from the declining budget deficit,
stabilizing debt-to-GDP ratios and favorable near-term
fiscal outlook for the federal government, according to 2015
Outlook — US FFELP Student Loan ABS: US Fiscal And Economic
Improvements Will Support the Ongoing Good Credit Quality of FFELP ABS.

The fiscal strength of the US government is the main credit driver
for FFELP ABS because the government provides up to a third of the cash
in a typical FFELP pool, says Tracy Rice, a Moodys
Vice President and Senior Analyst.

Default rates on FFELP non-consolidation pools will continue to
fall modestly, because the pools will contain an even higher proportion
of borrowers in repayment with established payment behavior, and
therefore, lower risk of default. Default rates on consolidation
pools will remain at current levels on average, primarily because
consolidation loans have longer loan terms and defaults extend over a
longer period, as compared with non-consolidation loans.

Improving job prospects for college graduates as the economy improves,
combined with rising use of income-based repayment plans,
will also help lower default rates, says co-author
Sanjay Wahi, a Moodys Vice President and Senior Analyst.
However, persistent underemployment and stagnant earnings among
recent college graduates will continue to be a risk for both FFELP and
PSL ABS.

FFELP ABS issuance will likely decline from last year, though the
possibility that Navient Solutions, Inc. could securitize
a significant portion of its $17 billion FFELP portfolio could
raise volume beyond Moodys expectations.

Moodys subscribers can access 2015 Outlook – US PSL
ABS at

http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1000482

and

2015 Outlook – US FFELP Student Loan ABS at

http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1000527.

***

NOTE TO JOURNALISTS ONLY: For more information, please call
one of our global press information hotlines: New York +1-212-553-0376,
London +44-20-7772-5456, Tokyo +813-5408-4110,
Hong Kong +852-3758-1350, Sydney +61-2-9270-8141,
Mexico City 001-888-779-5833, Satilde;o Paulo
0800-891-2518, or Buenos Aires 0800-666-3506.
You can also email us at mediarelations@moodys.com or visit our
web site at www.moodys.com.

This publication does not announce a credit rating action. For
any credit ratings referenced in this publication, please see the
ratings tab on the issuer/entity page on www.moodys.com
for the most updated credit rating action information and rating history.

Tracy Rice
Vice President – Senior Analyst
Structured Finance Group
Moodys Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
USA.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Sanjay Wahi
Vice President – Senior Analyst
Structured Finance Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Releasing Office:
Moodys Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
USA.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Julie Jason: Have a plan for paying back student loans

December 4th, 2014

There you will find a list of the student’s federal education loans and loan servicers, but not the parents’ PLUS loans. Parents can log onto the same NSLDS site to look up their PLUS loans using their own PIN numbers, not the student’s.

Another resource is the college’s financial-aid office. You also can access this information through the three major credit bureaus. Students can get a free copy of their credit reports once a year at www.annualcreditreport.com.

Second, review the loans. Make a list of them, noting the payments due and payment due dates. Put the due dates on a calendar.

Third, make sure the student’s address is noted correctly on the loan servicers’ records. If mail is not received by the borrower, that’s no excuse for delaying payment.

Fourth, don’t wait for a letter from the lender asking for money. Again, payments are due on time even if the student is not notified of due dates or payment amounts.

Fifth, decide on a repayment plan. The default is a standard 10-year repayment plan, which has the shortest repayment terms. Here is a rule of thumb from Kantrowitz: So long as the total student loan debt is less than the borrower’s annual income, the borrower should be able to afford the monthly loan payments under standard repayment.

Sixth, automate repayments. Each month, the graduate’s bank should be debited in the amount of the monthly payment due to the lender. Automatic debits will help prevent tardy or missed payments. Plus, some lenders reduce the interest rate due on the loan when an auto-debit is set up. The reduction can be as much as 1/2 of 1 percent.

Seventh, to simplify matters, graduates with many loans might consider consolidating them. However, it’s important to review terms before doing that. For more information on consolidating federal student loans, go to StudentLoans.gov. For private consolidation loans, go to www.PrivateStudentLoans.com.

Eighth, consider accelerating repayment of the loans. Graduates need to be aware that there are no prepayment penalties on student loans, both federal and private.

Ninth, if a co-signer needs to be released, consider private consolidation. The student can go to a bank to refinance his or her loans on his or her own credit record without the co-signer. Federal education loans do not require co-signers, so there’s no need for co-signer release on federal loans.

Tenth, understand tax breaks. Student loan interest payments are tax-deductible. Up to $2,500 in interest paid on federal and private student loans can be deducted on federal income-tax returns each year. There is no need to file a Schedule A for itemized deductions in order to claim the student loan interest deduction.

Eleventh, understand when to get help. If the graduate runs into a problem making payments, don’t be silent. Talk to the lender. Help is possible through deferments and partial forbearances (temporarily suspending repayments of principal; requiring interest-only payments).

Twelfth, federal student loan borrowers need to study the official US Department of Education site at https://studentaid.ed.gov.