Review Mortgage Lenders

1st Point Lending

Honda Track Day @ Sepang - 1st attempt

This is officially my first track day but hopefully won't be the last. I learn the line mostly from onboard videos I found in YouTube lol ...

US Household Debts Hit Record High in First Quarter--Update

The milestone, announced Wednesday by the Federal Reserve Bank of New York, was a long time coming. Americans reduced their debts during and after the 2007-09 recession to an unusual extent: a 12% decline from the peak in the third quarter of 2008 to the trough in the second quarter of 2013. New York Fed researchers, looking at data back to the end of World War II, described the drop as "an aberration from what had been a 63-year upward trend reflecting the depth, duration and aftermath of the Great Recession."

In the first quarter, total debt was up 14.1% from that low point as steady job gains, falling unemployment and continued economic growth boosted households' income and willingness to borrow. The New York Fed report said total household debt rose by $149 billion in the first three months of 2017 compared with the prior quarter, or 1.2%, to a total of $12.725 trillion.

"Almost nine years later, household debt has finally exceeded its 2008 peak, but the debt and its borrowers look quite different today," New York Fed economist Donghoon Lee said.

OLD Point Trust & Financial Services N A Has $922000 Position in Bank of America Corp (BAC)

OLD Point Trust & Financial Services N A held its stake in shares of Bank of America Corp (NYSE:BAC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,054 shares of the financial services provider’s stock at the end of the first quarter. OLD Point Trust & Financial Services N A’s holdings in Bank of America Corp were worth $922,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Integrated Investment Consultants LLC increased its stake in shares of Bank of America Corp by 12.9% in the first quarter. Integrated Investment Consultants LLC now owns 4,368 shares of the financial services provider’s stock worth $103,000 after buying an additional 500 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Bank of America Corp by 18.2% in the first quarter. Gradient Investments LLC now owns 4,542 shares of the financial services provider’s stock worth $107,000 after buying an additional 700 shares during the last quarter. Empirical Finance LLC acquired a new stake in shares of Bank of America Corp during the fourth quarter worth about $103,000. Tortoise Investment Management LLC increased its stake in shares of Bank of America Corp by 27.0% in the fourth quarter. Tortoise Investment Management LLC now owns 4,700 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. Finally, Pinnacle Bank acquired a new stake in shares of Bank of America Corp during the first quarter worth about $122,000. Institutional investors and hedge funds own 63.95% of the company’s stock.

At what point will China stop lending the U.S. money?

At present, the U.S debt to the Chinese government is quickly approaching $1 trillion in treasury bills. At what point will China decide that the U.S. cannot pay them back in full, and stop buying treasury bills?


When they start buy more of the stuff the make themselves and no longer need a trade surplus to make their economy grow so do not need to fiddle with the exchange rate to keep their stuff cheap when priced in $. The time may be coming soon.