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Archive for July, 2007

Bad credit

Sunday, July 29th, 2007

Write to me if denied educational loans, Chidambaram tells students - Hindu


Hindu
Write to me if denied educational loans, Chidambaram tells students
Hindu, India - Jul 28, 2007
CHENNAI: Students denied educational loans can now write to Union Finance Minister P. Chidambaram. “Just write your name, address, the institution you have

Stocks Dive as Buyout Loans Dry Up - Washington Post

Stocks Dive as Buyout Loans Dry Up
Washington Post, United States - 21 hours ago
Chrysler and Alliance Boots failed to find buyers for $20 billion in buyout loans, feeding concern that the engine that drove stocks to all-time highs — a

C. bank urges expansion of loans for poor students - China Daily

C. bank urges expansion of loans for poor students
China Daily, China - 1 hour ago
BEIJING — The People's Bank of China, the country's central bank, has urged all banks nationwide to expand education loans to college students from needy
Banks are latest to feel housing market's malaise Sarasota Herald-Tribune
all 2 news articles

'Fin firms can't use force to recover loans' - Business Standard

'Fin firms can't use force to recover loans'
Business Standard, India - 20 hours ago
PTI / New Delhi July 29, 2007 The National Consumer Commission has strongly disapproved the practice of employing musclemen by finance companies to

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Bad credit

Sunday, July 29th, 2007

Defaults hit 2-wheeler, personal loans - Business Standard

Defaults hit 2-wheeler, personal loans
Business Standard, India - Jul 26, 2007
Securitised pools of two-wheeler loans and personal loans in India have been struck with rising defaults. Global ratings agency, Fitch Ratings,

Why Personal Loans For Financing Trips? - American Chronicle

Why Personal Loans For Financing Trips?
American Chronicle, CA - Jul 26, 2007
Many consulters suggest that one should resort to personal loans for financing trips or vacations instead of other financial products like credit cards.

Vidya Mahambare: Monetary transmission to get more effective - Business Standard

Vidya Mahambare: Monetary transmission to get more effective
Business Standard, India - Jul 27, 2007
During the five-year period from March ’02 to March ’06 the share of credit disbursed as personal loans has seen the highest growth — the share of credit

Fitch: Indian personal loans pools show increased delinquencies - The Asian Banker (subscription)


The Asian Banker (subscription)
Fitch: Indian personal loans pools show increased delinquencies
The Asian Banker (subscription), Singapore - Jul 26, 2007
Fitch Ratings says personal loan pools in India have shown a higher delinquency compared to other asset categories. The underlying pools of personal loans

C. bank urges expansion of loans for poor students - China Daily

C. bank urges expansion of loans for poor students
China Daily, China - 1 hour ago
As students can apply for loans without guarantee, banks can only rely on the students' personal credit. No tangible mortgage can assure the banks that the

Loans for wedding - in demand - 24-7PressRelease.com (press release)

Loans for wedding - in demand
24-7PressRelease.com (press release) - Jul 28, 2007
Personal loans are the best choice to finance a wedding, with an average cost of 20000 in 2006. However, opting for insurance coverage for unwanted
Demand for secured loans is growing stronger 24-7PressRelease.com (press release)
Popularity of online home purchases 24-7PressRelease.com (press release)
all 3 news articles

Banks’ rural foray drives up defaults - Economic Times

Banks’ rural foray drives up defaults
Economic Times, India - Jul 26, 2007
Delinquencies across some of the asset classes like personal loans and two-wheeler loans have increased. And one of the major reasons behind this seems to

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Loans

Sunday, July 29th, 2007

Credit Ratings: The Holy Grail for Credit Card Companies - PR-GB.com (press release)

Credit Ratings: The Holy Grail for Credit Card Companies
PR-GB.com (press release), Bulgaria - 7 hours ago
They will be able to tell you for sure if your credit rating is affecting businesses likelihood of contracting with you. So you have a bad credit rating,

Md. bubble economy feels chill wind from nation's credit crisis - Baltimore Sun

Md. bubble economy feels chill wind from nation's credit crisis
Baltimore Sun, United States - 20 hours ago
Nobody figured on a spike in soured loans to homeowners with good credit ratings. Nobody expected the collapse of two New York hedge funds investing in

Targeting vulnerable for loans may breach laws - The Dominion Post

Targeting vulnerable for loans may breach laws
The Dominion Post, New Zealand - 10 hours ago
Many lenders failed to adequately ensure borrowers were able to pay back loans before lending them money, he said. "The reason a person has a bad credit

Home Loans for Bad Credit - Resource - PR-GB.com (press release)

Home Loans for Bad Credit - Resource
PR-GB.com (press release), Bulgaria - 7 hours ago
Do you have bad credit? Are you looking for home loans for bad credit? Well, you might be surprised to learn that home loans for bad credit exist.

Avail A No Credit Check Pay Day Loan and Drive Away Your Financial … - American Chronicle

Avail A No Credit Check Pay Day Loan and Drive Away Your Financial
American Chronicle, CA - 23 minutes ago
Apurva Shree helps people in how free online debt consolidation quote can help in debt relief and how to use bad credit debt consolidation.

Bonds hit by credit market dip - MSNBC

Bonds hit by credit market dip
MSNBC - 9 hours ago
The US leveraged loan market has also stalled, with $29.8bn of loans sold in July, down from a peak of $46.6bn in March. The reluctance of investors to buy

Get Ahead with Bad Credit Cash Advance Loans - PR-GB.com (press release)

Get Ahead with Bad Credit Cash Advance Loans
PR-GB.com (press release), Bulgaria - 6 hours ago
Well, one answer might be bad credit cash advance loans. These types of loans are short-term fixes to dire financial situations. What is great about bad
Cash Advance Loans- The Truth PR-GB.com (press release)
all 2 news articles

Collapse All Your Debt Into A Single Bad Credit Debt Consolidation … - American Chronicle

Collapse All Your Debt Into A Single Bad Credit Debt Consolidation
American Chronicle, CA - 23 minutes ago
Bad credit debt consolidation is the best tool for those who want to eradicate all their various debts into a single repayment module.
Get An Auto Loan That Is Right For You American Chronicle
Student Loan Debt Consolidation – Pay Heed To Your Financial Needs American Chronicle
Build Yourself A Secure Future By Current Credit Card Debt Reduction American Chronicle
all 9 news articles

Credit mess likely to hurt leveraged buyouts - Baltimore Sun

Credit mess likely to hurt leveraged buyouts
Baltimore Sun, United States - 20 hours ago
Until last week, the problem seemed to be contained in subprime loans, or mortgages that go to people with bad credit scores, which make up about 14 percent
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Loans

Friday, July 27th, 2007

Cautionary signs cropping up regarding future of auto loan … - ABCmoney.co.uk

Cautionary signs cropping up regarding future of auto loan
ABCmoney.co.uk, UK - 21 hours ago
the auto finance asset backed securities market had been resilient in the face of mounting delinquencies and foreclosures in subprime mortgage loans,

Subprime Woes May Creep Into Auto Sector, S&P Says - BankNet 360

Subprime Woes May Creep Into Auto Sector, S&P Says
BankNet 360, NY - 16 hours ago
Delinquency and loss rates in securitized pools of auto loans have begun to tick up from 2003 and 2004 levels, and may be exacerbated by mounting
After price spike, debt market pros see calm before the storm in FinancialWeek (subscription)
all 2 news articles

Victim of used-car loan fiasco cries 'all day and all night' - Chicago Daily Southtown

Victim of used-car loan fiasco cries 'all day and all night'
Chicago Daily Southtown, IL - 20 hours ago
The dealers usually own or otherwise control the company making the loans. For instance, Quick Auto has dealerships in Illinois, Indiana and Ohio and is

GE Money and Unicaja sign an alliance - Prdomain Business Register (press release)

GE Money and Unicaja sign an alliance
Prdomain Business Register (press release), Maharashtra - 16 minutes ago
offers a range of financial products globally, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages,

When Is An Auto Loan Actually Necessary? - American Chronicle

When Is An Auto Loan Actually Necessary?
American Chronicle, CA - Jul 25, 2007
The choice is about auto loans, personal loans or home equity loans. Depending on the situation, you will find each one more interesting than the other.
How Can I Benefit From A Balloon Loan? American Chronicle
all 2 news articles

Banks’ rural foray drives up defaults - Economic Times

Banks’ rural foray drives up defaults
Economic Times, India - 7 hours ago
On the personal loan front, Mr Pallav added it is a high-risk/high-return strategy given that loan rates would be around 20-22% compared to auto loans which
Who would lend to a hedge fund?: James Saft Reuters
all 4 news articles

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Bad credit

Tuesday, July 24th, 2007

Foreclosure Help Is Available - MortgageNewsDaily.com

Foreclosure Help Is Available
MortgageNewsDaily.com, AZ - Jul 23, 2007
You probably have other debt such as credit cards, auto loans, or student loans. Contact those creditors to see about getting a break on interest or monthly

Fed Official Sees No Signs - Wall Street Journal

Fed Official Sees No Signs
Wall Street Journal - 1 hour ago
"You'd start to look for higher delinquency rates on auto loans and credit card loans and they haven't materialized yet," he added.

Mortgage Mess Mashes Stocks - TheStreet.com

Mortgage Mess Mashes Stocks
TheStreet.com - 2 hours ago
So far we have seen some blown up hedge funds, liquidated collateralized debt obligations and hung bridge loans, along with a correction in the junk bond

Brazil Investors Boost Demand for CDOs as Rates Fall, S&P Says - Bloomberg

Brazil Investors Boost Demand for CDOs as Rates Fall, S&P Says
Bloomberg - 7 hours ago
trading and issuance of FIDCs and other instruments, including credit-linked notes such as notes backed by auto loans, credit cards and future cash flows.

HDFC Bank to focus on rural banking - NDTV.com

HDFC Bank to focus on rural banking
NDTV.com, India - Jul 23, 2007
At the same time, it also hopes that rural clients will eventually graduate to higher end services like fixed deposits, auto loans and home loans as well.

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Loans

Thursday, July 19th, 2007

UPDATE 2-S&P slashes "AAA" ratings on some mortgage bonds - Reuters


Reuters
UPDATE 2-S&P slashes "AAA" ratings on some mortgage bonds
Reuters - 12 hours ago
It also will assume that 50 percent of loans 30 days delinquent will be charged off. S&P also increased loss assumptions for mortgage loans that have
S&P slashes second-lien mortgage bond ratings CNNMoney.com
Standard & Poor's downgrades $3.8 billion in second loans Inman.com (subscription)
S&P Cuts More Mortgage Bond Ratings Forbes
Reuters - Forbes
all 22 news articles

MGIC Investment Corporation Second Quarter Net Income of $76.7 Million - CNNMoney.com

MGIC Investment Corporation Second Quarter Net Income of $76.7 Million
CNNMoney.com - Jul 18, 2007
(We classify as fixed rate loans adjustable rate mortgages in which the initial interest rate is fixed during the five years after the mortgage closing.
Fieldstone Investment Corp. acquisition finalized Bizjournals.com
Credit-Based Asset Servicing and Securitization LLC Completes CNNMoney.com
all 14 news articles

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Loans

Monday, July 16th, 2007

Risky Loan Losses Unclear - Hartford Courant

Risky Loan Losses Unclear
Hartford Courant, United States - Jul 15, 2007
As delinquencies on home loans to people with poor or meager credit surged to a 10-year high this year, no one buying, selling or rating the bonds
Higher cost of debt rippling through markets Charlotte Observer
all 14 news articles

Bad Construction Loans Weigh on Banks - TheStreet.com

Bad Construction Loans Weigh on Banks
TheStreet.com - 8 hours ago
One of the ways a lender manages the credit risk on these loans is by making periodic site inspections to confirm the construction is proceeding before

Danger signals on road to global prosperity - Guardian Unlimited


U.S. News & World Report
Danger signals on road to global prosperity
Guardian Unlimited, UK - Jul 15, 2007
It is easier than ever to get credit. People who really should not be allowed to borrow are being bombarded with offers of loans.
Risky home loans run a fever, and the market prays it doesn't spread U.S. News & World Report
all 5 news articles

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Personal loans

Friday, July 13th, 2007

Newcastle Closes Residential Mortgage Loan Securitization - CNNMoney.com

Newcastle Closes Residential Mortgage Loan Securitization
CNNMoney.com - 7 hours ago
100% of the mortgage loans are current and none of the mortgage loans have been delinquent since origination; — Weighted average loan seasoning of 5 months
Fitch Rates Carrington Mortgage Loan Trust, Series 2007-HE1 Business Wire (press release)
Fitch Rates $1.22B JP Morgan Mtge Acquisition Corp, Series 2007-CH5 Business Wire (press release)
Fitch Rates CS Mortgage Pass-Through Certificates, Series 2007-CF1 Business Wire (press release)
Business Wire (press release) - Business Wire (press release)
all 10 news articles

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Loans

Tuesday, July 10th, 2007

UPDATE: Credit Problems Showing Up In Pair Of Bank Warnings - CNNMoney.com


RTT News
UPDATE: Credit Problems Showing Up In Pair Of Bank Warnings
CNNMoney.com - 15 hours ago
The three states account for 8.7% of the mortgage loans in the country, yet between them made up 19.9% of the nation's loans in foreclosure and 15% of
Bad loans, shrinking specialist firms in focus MarketWatch
Huntington Bancshares Incorporated Expects to Report 2007 Second CNNMoney.com
Huntington issues warning on 2Q results Bizjournals.com
RTT News
all 54 news articles

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Bad credit

Tuesday, July 10th, 2007

Popular Auto Adopts Fortis Document Management Software for … - PR Web (press release)

Popular Auto Adopts Fortis Document Management Software for
PR Web (press release), WA - 7 hours ago
document management software for auto and boat loan and lease documents to its current role as the document repository for all Popular Auto loans.

San Diego State University Selects GE Money to Provide Credit Card … - Business Wire (press release)

San Diego State University Selects GE Money to Provide Credit Card
Business Wire (press release), CA - 1 hour ago
GE Money, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and

Ahead of the Bell: Capital One - Forbes

Ahead of the Bell: Capital One
Forbes, NY - 1 hour ago
The financier has a wide range of lending businesses, including credit cards, mortgages and auto loans. Questions or comments about this story should be
Chief of Capital One Applies Hockey Strategies to Banking New York Times
Capital One Announces Transition of Bank Management Team CNNMoney.com
all 33 news articles

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