plus 4, AMERCO Real Estate Expands U-Haul Self-Storage Operations With the ... - PR Newswire

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• AMERCO Real Estate Expands U-Haul Self-Storage Operations With the ... - PR Newswire
• GM makes first electric car battery - Fresno Bee
• ABA Reports Drop in Delinquencies - Credit Union Times
• Consumer Loan Delinquencies Improve as Job Losses Slow - CNBC
• Consumer loan delinquencies fall in 3Q - Fort Worth Business Press

AMERCO Real Estate Expands U-Haul Self-Storage Operations With the ... - PR Newswire Posted: 07 Jan 2010 02:37 PM PST VICTORVILLE, Calif., Jan. 7 /PRNewswire/ -- AMERCO Real Estate announced today that it has expanded the U-Haul network of self-storage locations with its purchase of a truck-, RV- and boat-storage facility located at 14598 Palmdale Road. This storage facility boasts 587 storage units throughout seven single-story storage buildings, with more than 86,386 square feet of storage. The Palmdale Road U-Haul Storage facility also features 148 RV storage spaces, 37 of which are covered, and also has available a convenient on-site RV waste-disposal station. (Logo: http://www.newscom.com/cgi-bin/prnh/20090622/LA34860LOGO-b) A photo accompanying this release is available at: http://www.uhaul.com/about/pr_images.aspx?name=VictorvilleStorage The Palmdale Road U-Haul Storage facility will be selling a wide variety of environmentally friendly packing supplies: boxes made out of recyclable materials, 100 percent biodegradable packing peanuts and moving pads made from recycled denim. Also on site will be a Take A Box/Leave a Box display, which allows customers or anyone in the community to leave moving boxes or unwanted electronics boxes for another customer to reuse for free, instead of throwing them away or recycling them. "We are pleased to be expanding our presence in Victorville, and look forward to continuing our long-standing relationships with local communities throughout California," stated Carlos Vizcarra, president of AMERCO Real Estate. "Moreover, with the expansion of U-Haul self-storage operations, we are better equipped to meet our customers' current and future needs. Families needing the finest in moving services now will have increased convenience and a shorter distance to travel when moving and storing their goods, which not only will make their move easier but will have the positive effect of reducing the amount of carbon emissions released into the atmosphere," Vizcarra said. The Palmdale Road U-Haul Storage facility will feature 24-hour security with electronically controlled access, state-of-the-art digital video surveillance, your lock/your key, both climate- and nonclimate-controlled storage rooms, FREE use of storage carts, no deposit or administration fees, a convenient credit-card payment plan and available low-cost Safestor protection to help safeguard personal possessions. The U-Haul facility's focus on sustainability will also include a Reuse Center to provide our customers with a location to donate unwanted, gently used household goods, furniture, sporting equipment and clothing for other customers to take for free. These are items that normally would be headed to the Dumpster and/or a landfill. Customers who rent a U-Haul moving van or trailer for a one-way move can receive one month of free storage before or after their move. Customers can rent storage from more than 1,091 U-Haul owned storage facilities across the United States and Canada by calling their neighborhood U-Haul center, visiting www.uhaul.com or contacting the U-Haul national reservation system, at 1-800-GO-UHAUL. About AMERCO Real Estate Company Since 1989, AMERCO Real Estate Company, an affiliate of U-Haul International, Inc., has been responsible for providing real estate services to AMERCO subsidiaries that include more than 1,350 U-Haul moving and storage centers throughout the United States and Canada. About U-Haul Since 1945, U-Haul has been the best choice for the do-it-yourself mover, with a network of more than 15,800 locations in all 50 United States and 10 Canadian provinces. U-Haul customers' patronage has enabled the U-Haul fleet to grow to approximately 101,000 trucks, 76,000 trailers and 34,000 towing devices. U-Haul offers more than 395,000 rooms and approximately 35 million square feet of storage space at nearly 1,091 owned and managed facilities throughout North America. U-Haul is the consumer's number one choice as the largest installer of permanent trailer hitches in the automotive aftermarket industry. As one of the nation's largest retailers of propane, U-Haul supplies alternative-fuel for vehicles and backyard barbecues. U-Haul was founded by a Navy veteran who grew up during the Great Depression. Tires and gas were still rationed or in short supply during the late 1940s when U-Haul began serving U.S. customers. Today, that background is central to the U-Haul Sustainability Program: "Serving the needs of the present without compromising the ability of future generations to meet their own needs." Our commitment to reduce, reuse and recycle includes fuel efficient moving vans, neighborhood proximity, moving-box reuse, moving pads made from discarded material, and packing peanuts that are 100 percent biodegradable. Learn more about these facts and others at www.uhaul.com/sustainability. Contact: Joanne Fried Ashleigh Wagner U-Haul Public Relations (602) 263-6194 publicrelations@uhaul.com SOURCE U-Haul RELATED LINKS http://www.uhaul.com Five Filters featured article: Chilcot Inquiry. 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GM makes first electric car battery - Fresno Bee Posted: 07 Jan 2010 08:46 AM PST Pelosi, Obama officials to tour Detroit auto show Months after the government took large ownership stakes in General Motors, Chrysler and auto lender GMAC Financial Services, top lawmakers and members of the Obama administration will be taking a close look at their investment. House Speaker Nancy Pelosi, D-Calif., House Majority Leader Steny Hoyer, D-Md., Transportation Secretary Ray LaHood and others will meet with company executives, state and local leaders and tour vehicle displays Monday at the North American International Auto Show in Detroit, one of the auto industry's annual showcases. Pelosi said they would visit Detroit "to see firsthand the innovative technologies the industry is investing in to create the jobs of the future and to ensure our national competitiveness. We go to Detroit with our commitment to continue to preserve our manufacturing base, which is essential to our economic and national security." Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

ABA Reports Drop in Delinquencies - Credit Union Times Posted: 07 Jan 2010 08:39 AM PST Delinquencies fell in six of the eight loan categories measured by the American Bankers Association and the composite ratio fell 12 basis points to 3.23% of all accounts, according to data released by the group today.   The data, which covers the third quarter of 2009, also showed that bank card delinquencies fell 24 basis points, to 4.77% of all accounts.   Delinquencies decreased in these categories: Direct auto loans, 2.04%, compared with 2.46% in the previous quarter; indirect auto loans, 3.15%, down from 3.26%; marine loans, 2.28%, compared to 2.21%; personal loans, 3.74%; down from 3.90%, property improvement loans, 1.66%, compared with 1.79%; and RV loans: 1.64%, compared with 1.72%.   Delinquencies increased to 4.30% from 4.01% in home equity lines and to 3.63% from 3.53% in mobile home loans.   "It's always a good sign when delinquencies decline, but they're still relatively high," ABA Chief Economist James Chessen said in a statement. "Until the economy generates more jobs and the housing sector stabilizes, they're likely to stay that way." Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now

Consumer Loan Delinquencies Improve as Job Losses Slow - CNBC Posted: 07 Jan 2010 06:23 AM PST A key bank industry group released data showing that consumer loan delinquencies may be nearing their peak but said it remained concerned about persistent weakness in the economy and job markets. The American Bankers Association said on Thursday consumer loan delinquencies dropped in seven categories in the third quarter, including bank card delinquencies, which fell 0.24 percentage point to 4.77 percent of all accounts. It marked the first time since 2007 that so many loan categories experienced declines in late payments, the ABA said. The exception was housing-related loans such as home equity loans and mobile home loans, for which delinquencies increased. "Delinquencies may be near their peak as job losses have slowed," ABA chief economist James Chessen said in a statement. "It's always a good sign when delinquencies decline, but they're still relatively high. Until the economy generates more jobs and the housing sector stabilizes, they're likely to stay that way." The unemployment rate improved slightly in November to 10 percent from 10.2 percent in October, but third-quarter gross domestic product was revised down to a 2.2 percent annual rate instead of 2.8 percent. The ABA defines a delinquency as a payment that is 30 days or more overdue. Chessen said some of the improvements in the delinquency rates could be attributed to banks writing off bad loans. "Banks are putting losses behind them, setting the stage for expanded lending to consumers as the economy recovers," he said. President Barack Obama has been pushing banks to lend more, especially to small businesses, to help jump start the economy. Last month Obama met with a handful of bank chief executives at the White House and told them that they owed it to the country to help lift the economy out of crisis. Banks have argued that their lending is hampered by a lack of demand for credit and by examiners who are cautious about risky loans. According to the ABA data, delinquencies decreased during the third quarter in direct and indirect auto loans, marine loans, personal loans, bank card loans, property improvement loans and RV loans. The delinquency rates increased in mobile home loans and in home equity loans. The latter category saw loan delinquencies hit a record high, jumping 0.29 percentage point to 4.3 percent of all accounts. Slideshow: 10 Tips to Get Out of Debt Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Consumer loan delinquencies fall in 3Q - Fort Worth Business Press Posted: 07 Jan 2010 08:25 AM PST Some types of consumer loan delinquencies declined in the third quarter of 2009, a possible result of slowing job losses and banks writing off bad loans. Loan delinquencies declined in seven of eight categories monitored by the American Bankers Association, including auto loans, RV loans, property loans and personal loans. The rates mark the first time since 2007 that so many categories experienced declines, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. Various housing loan delinquencies, however, continued to rise. The ABA's third quarter composite ratio fell 12 basis points to 3.23 percent of all accounts, compared to 3.35 percent of all accounts in the previous quarter, according to a release. The composite ratio is made up of eight closed-end loans including home equity loans, mobile home loans, direct auto loans, indirect auto loans, marine loans, personal loans, property improvement loans, and RV loans. Bank card delinquencies fell 24 basis points to 4.77 percent of all accounts, according to a release. The ABA defines a delinquency as a late payment that is 30 or more days overdue. The ABA's Chief Economist James Chessen said in a statement that the news was positive, but the weak economy and job losses continue to weigh on customers. "Delinquencies may be near their peak as job losses have slowed," he said in a statement. "Consumers are working hard to get their financial houses in order by spending less, saving more, and paying down debt. But there's still a bumpy road ahead with many people unemployed and family budgets stretched to their limits." Chessen also attributed the lower rates to banks writing off bad loans. "Banks are putting losses behind them, setting the stage for expanded lending to consumers as the economy recovers," he said in a statement. Auto loans also showed continued improvement, according to a release. Direct auto loan delinquencies fell nearly half a point to 2.04 percent of all accounts, and indirect auto loan delinquencies – arranged through auto dealers – dropped to 3.15 percent of all accounts, compared to 3.26 percent in the previous quarter. "It's always a good sign when delinquencies decline, but they're still relatively high," Chessen said in a statement. "Until the economy generates more jobs and the housing sector stabilities, they're likely to stay that way." Housing-related loans continued to show stress, the Association said. Home equity loan delinquencies marked another record high, jumping 29 basis points to 4.30 percent of all accounts. Home equity lines of credit also hit a new record, rising 20 basis points to 2.12 percent of all accounts. Mobile home delinquencies increased 3.63 percent from 3.53 percent in the previous quarter. lwimmer@bizpress.net Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

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