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Archive for October, 2007

Loans

Tuesday, October 16th, 2007

Timeline of gov't credit crunch response - BusinessWeek

Timeline of gov't credit crunch response
BusinessWeek - Oct 15, 2007
–June 29: Banking regulators complete new guidelines calling on lenders to strictly evaluate borrowers' ability to repay home loans. –Aug.
Regulators set stage to cut conforming loan limit in 2009 Inman.com (subscription)
UPDATE 2-US GSE regulator won't lower conforming loan limit Reuters
Peter Boutell, Lending a Hand: Mortgage industry bounces back Santa Cruz Sentinel
all 45 news articles

Loans of banking system reach Rs 2.496 trillion - Daily Times

Loans of banking system reach Rs 2.496 trillion
Daily Times, Pakistan - 2 hours ago
By Mushfiq Ahmad KARACHI: Loans of the banking system increased by Rs 132 billion to Rs 2.496 trillion during April-June 2007, says Banking System Review
Total assets of banking sector up by Rs 499 billion Daily Times
Uncovered NPLs of banks to hit earnings by 22% Daily Times
all 3 news articles

Wells Fargo takes heavy hit for bad home loans - Times Online

Wells Fargo takes heavy hit for bad home loans
Times Online, UK - 3 hours ago
It added that it had effectively written off $641 million of bad loans. Both a rise in mortgage arrears and difficulties within the credit markets hit US
No one solution for foreclosures, Wells Fargo says Reuters
all 7 news articles

Northern Rock Says Looser BOE Loans May Have Prevented Run - Bloomberg


Turkish Press
Northern Rock Says Looser BOE Loans May Have Prevented Run
Bloomberg - 7 hours ago
He also resisted making routine loans from the central bank in exchange for collateral including some of the securitized mortgages Northern Rock had to
Northern Rock chief defends handling of crisis MarketWatch
all 405 news articles

Wells' Q3 profit up despite credit woes - Bizjournals.com


Washington Post
Wells' Q3 profit up despite credit woes
Bizjournals.com, NC - 6 hours ago
The bank's net credit losses were $892 million, or 1.01 percent of average loans. That's up 34 percent from $663 million, or 0.86 percent of average loans,
Wells Fargo Hit by Credit Woes TheStreet.com
Wells Fargo earnings rise 4% on loan and deposit growth USA Today
Sector Snaps: Banks Mostly Slide CNNMoney.com
RTT News - Forbes
all 348 news articles

BoI cuts interest on auto loans - Economic Times

BoI cuts interest on auto loans
Economic Times, India - 9 hours ago
It is offering a special interest concession of 0.25 per cent on the rate of interest on vehicle loans for women. Loans under tie-up arrangements with
IDBI Bank cuts floating home loan rates Business Standard
IDBI cuts rates on home loans Calcutta Telegraph
Have you been harassed by loan recovery agents? Rediff
Sify
all 19 news articles

QNB Corp. Reports Third Quarter Results - CNNMoney.com


Earthtimes
QNB Corp. Reports Third Quarter Results
CNNMoney.com - 4 hours ago
The balance sheet restructuring transaction entered into during the second quarter of 2007, along with the strong growth in both loans and deposits
Farmers Capital Bank Corporation Announces Increase in Earnings CNNMoney.com
West Coast Bancorp Reports Third Quarter Earnings CNNMoney.com
Dearborn Bancorp Reports Third Quarter Loss CNNMoney.com
CNNMoney.com - CNNMoney.com
all 85 news articles

Uganda: Musazi's Property Grabbed Over Loans - AllAfrica.com

Uganda: Musazi's Property Grabbed Over Loans
AllAfrica.com, Washington - 1 hour ago
of the initial Shs200m loan and reduced it to Shs83m. She said the bank has already frozen the loan interests but the principal amount is still pending.

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Bad credit

Sunday, October 14th, 2007

Car Title Loans - Small Lending Huge Interests - American Chronicle

Car Title Loans - Small Lending Huge Interests
American Chronicle, CA - Oct 12, 2007
Car title loans use a paid-off automobile as collateral. The auto loan lender trusts the borrower to pay back within a month.
Bad Credit - Don’t Worry, Get Savings Account Payday Loans American Chronicle
Some Useful Tips To Get A Cheap Payday Loan American Chronicle
all 3 news articles

Collateral damage - Bangkok Post

Collateral damage
Bangkok Post, Thailand - 6 hours ago
The Thai securitisation market has been mostly limited to ''plain-vanilla'' products involving credit card receivables or auto loans.

Auto loans stuck in a jam! - Moneycontrol.com

Auto loans stuck in a jam!
Moneycontrol.com, India - Oct 11, 2007
Industry players say auto loan disbursals have slowed this financial year as CNBC-TV18 reports. Cars sales are still cruising along.

Where's the Consumer Credit Crunch? - Motley Fool

Where's the Consumer Credit Crunch?
Motley Fool - Oct 12, 2007
Citigroup (NYSE: C) has hiked auto loan rates, and JPMorgan Chase (NYSE: JPM) has selectively tightened its standards for credit cards, home equity,

Simple and Fast Online Car Loan Application For Quick Auto Loan … - American Chronicle

Simple and Fast Online Car Loan Application For Quick Auto Loan
American Chronicle, CA - Oct 12, 2007
To read more about auto financing, bad credit auto loan and how to save money on these loans visit car loans. Apurva Shree helps people in how free online

Car repair shop owner credits diversification for success - Houston Chronicle

Car repair shop owner credits diversification for success
Houston Chronicle, United States - 20 hours ago
He made a fast $7000 profit, secured some loans, got a mechanic's certificate at Houston Community College and opened a repair shop in the 1800 block of

FM’s exhortation sparks debate - Hindu

FM’s exhortation sparks debate
Hindu, India - 6 hours ago
The Finance Minister’s pitch for cheaper auto loans was made in the context of slackening automobile sales. A gradual tightening of interest rates by the

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Loans

Sunday, October 14th, 2007

Where's the Consumer Credit Crunch? - Motley Fool

Where's the Consumer Credit Crunch?
Motley Fool - Oct 12, 2007
Citigroup (NYSE: C) has hiked auto loan rates, and JPMorgan Chase (NYSE: JPM) has selectively tightened its standards for credit cards, home equity,

Simple and Fast Online Car Loan Application For Quick Auto Loan … - American Chronicle

Simple and Fast Online Car Loan Application For Quick Auto Loan
American Chronicle, CA - Oct 12, 2007
To read more about auto financing, bad credit auto loan and how to save money on these loans visit car loans. Apurva Shree helps people in how free online

Car Title Loans - Small Lending Huge Interests - American Chronicle

Car Title Loans - Small Lending Huge Interests
American Chronicle, CA - Oct 12, 2007
Car title loans use a paid-off automobile as collateral. The auto loan lender trusts the borrower to pay back within a month.
Bad Credit - Don’t Worry, Get Savings Account Payday Loans American Chronicle
Some Useful Tips To Get A Cheap Payday Loan American Chronicle
all 3 news articles

Car repair shop owner credits diversification for success - Houston Chronicle

Car repair shop owner credits diversification for success
Houston Chronicle, United States - 20 hours ago
He made a fast $7000 profit, secured some loans, got a mechanic's certificate at Houston Community College and opened a repair shop in the 1800 block of

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Personal loans

Thursday, October 11th, 2007

Low Apr Unsecured Personal Loans – How to Find a Suitable Deal - PR-GB.com (press release)

Low Apr Unsecured Personal Loans – How to Find a Suitable Deal
PR-GB.com (press release), Bulgaria - Oct 10, 2007
While shopping for unsecured personal loans you usually look for a loan that is less burdensome and you can repay it easily so that you do not build debts.
Debt Consolidation Loan: a Pristine Tool to Fight Multiple Debts PR-GB.com (press release)
Unsecured Unemployed Loan Helps you in Testing Times PR-GB.com (press release)
all 11 news articles

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Loans

Thursday, October 11th, 2007

Banks Moving to Handle Riskier Consumer Loans - Korea Times

Banks Moving to Handle Riskier Consumer Loans
Korea Times, South Korea - 16 hours ago
sluggish consumer financing businesses by entering the subprime loan market for those who cannot be serviced at banks due to their bad credit records.

Bank of Queensland shares hit all-time high - NEWS.com.au

Bank of Queensland shares hit all-time high
NEWS.com.au, Australia - 5 hours ago
But BoQ's net interest margin, a measure of profitability, slightly dipped and a rise in bad debts was linked to overall loans lifting.

One bad day cost Morgan $433m - The Australian

One bad day cost Morgan $433m
The Australian, Australia - 11 hours ago
of losses on mortgage-related securities and leveraged loan commitments. Bear Stearns reported a 61percent profit plunge after the credit squeeze.
Morgan Stanley's Quant Strategies Hammered in August Hedgeworld (subscription)
all 19 news articles

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Bad credit

Tuesday, October 9th, 2007

Library seminar to help teens with credit - Chicago Suburban News

Library seminar to help teens with credit
Chicago Suburban News, IL - 3 hours ago
By Danya Hooker, dhooker@libertysuburban.com Susan Taylor knows all too well the damage bad credit can have on a person’s life. In her 15 years as a family

Credit solutions for special occasions - Best Syndication


Best Syndication
Credit solutions for special occasions
Best Syndication, CA - 3 hours ago
If you have a bad credit score, you can approach sub-prime lenders who are known to provide loans to such people. However, in case you have a bad credit

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Bad credit

Sunday, October 7th, 2007

Loan rejections increase by a third - Scotsman

Loan rejections increase by a third
Scotsman, United Kingdom - 22 hours ago
THE credit tap is being turned off, with personal loans refused to nearly two million adults, according to financial comparison website MoneyExpert.

Bad Credit Personal Loans: Instant Finance at Credit Viability - PR-GB.com (press release)

Bad Credit Personal Loans: Instant Finance at Credit Viability
PR-GB.com (press release), Bulgaria - Oct 4, 2007
With a little investment of time, and a smart search on the internet, you can find a bad credit personal loans which are tailored to make suit your needs.
Student Personal Loans – Making Higher Education Possible PR-GB.com (press release)
Bad Credit College Loans: to Arrange for the Student Expenses PR-GB.com (press release)
Car Loans Tips And Recommendations PR-GB.com (press release)
PR-GB.com (press release)
all 6 news articles

UK Secured Personal Loans 2007 (Segment Report) - Banking Business Review

UK Secured Personal Loans 2007 (Segment Report)
Banking Business Review - Oct 4, 2007
The UK secured personal loans market has come a long way since the 1990s. Indeed, the UK secured personal loans market performed well in 2006 and is now at

Subprime defaults pinch Indian banks - Business Standard

Subprime defaults pinch Indian banks
Business Standard, India - Oct 6, 2007
ICICI Bank’s personal loans portfolio, including subprime loans, was about Rs 11200 crore at the end of June 2007. Default rates on retail loans,

Personal loans can cost less - Sify

Personal loans can cost less
Sify, India - 13 hours ago
Have you ever wondered why you need to pay an interest of 16-25 per cent on personal loans, when interest on home loans in only 10-14 per cent?

Loan Insurance Is Vital - Best Syndication


Best Syndication
Loan Insurance Is Vital
Best Syndication, CA - 5 hours ago
He has done his masters in Business Administration & is currently assisting Home Improvement Loans & Personal Loans as a finance specialist.

Uncertainty causes sharp rise in cost of personal loans - Guardian Unlimited

Uncertainty causes sharp rise in cost of personal loans
Guardian Unlimited, UK - Oct 4, 2007
A host of lenders have raised their interest rates on personal loans, some by as much as four percentage points, as growing uncertainty in the financial

Personal loans: up close – and jolly expensive - Telegraph.co.uk


Telegraph.co.uk
Personal loans: up close – and jolly expensive
Telegraph.co.uk, United Kingdom - Oct 5, 2007
Interest on personal loans is starting to soar. So do your sums, says Myra Butterworth Despite the Bank of England holding base rate unchanged at 5.75 per
Credit crunch forces up personal loan rates CityWire.co.uk
all 4 news articles

2m rejected for loans as banks rein in lending - Telegraph.co.uk

2m rejected for loans as banks rein in lending
Telegraph.co.uk, United Kingdom - Oct 4, 2007
Banks fund many personal loans in the wholesale money markets, where the cost of borrowing has soared as a result of the credit crisis.
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Personal loans

Wednesday, October 3rd, 2007

Micro loans = macro impact - Boston Globe


ABC News
Micro loans = macro impact
Boston Globe, United States - 9 hours ago
In New York last week, Yunus said the tiny loans distributed in the developing world, most of them to women, have already lifted 100 million people out of
World Bank: Think smaller Seattle Post Intelligencer
all 6 news articles

SBA to provide drought disaster loans across North Carolina - Bizjournals.com

SBA to provide drought disaster loans across North Carolina
Bizjournals.com, NC - 1 hour ago
The US Small Business Administration will make disaster loans available to North Carolina small businesses affected by the continuing drought.
SBA extends disaster loans to NC businesses Bizjournals.com
Former executive pleads guilty to business loan fraud MLive.com
SBA Disaster Loans Available in North Carolina Following Secretary Earthtimes.org
PR Newswire (press release) - Worcester Business Journal
all 28 news articles

Morgan cuts 600 jobs as it reorganizes - Boston Globe


Servihoo
Morgan cuts 600 jobs as it reorganizes
Boston Globe, United States - 9 hours ago
The bank once bought mortgage debt from banks to repackage into bonds, but Morgan now issues many of its own loans. Its subprime and prime mortgage
Morgan Stanley Will Eliminate 600 Jobs New York Times
Morgan Stanley scales back mortgage business MarketWatch
3rd UPDATE: Morgan Stanley Laying Off 600 In Mortgages CNNMoney.com
Inman.com (subscription)
all 303 news articles

Democrats to Unveil Foreclosure Plan - The Associated Press


Reuters
Democrats to Unveil Foreclosure Plan
The Associated Press - 1 hour ago
Democrats have been critical of the Bush administration's response to the mortgage market problems, which started among loans made to borrowers with weak
Take good look at mortgage insurance Nashua Telegraph
Blade: Strickland Won't 'Jawbone' Contract Rewrites, and Therefore The Plain Dealer - cleveland.com
Keep giant federal agencies out of the mortgage mess Kansas City Star
all 87 news articles

Lenders increase personal loan rates - Guardian Unlimited


BBC News
Lenders increase personal loan rates
Guardian Unlimited, UK - 4 hours ago
A host of lenders have raised their interest rates on personal loans, some by as much as 4%, as growing uncertainty in the financial markets takes its toll
Northern Rock scraps mortgages BBC News
Credit crunch sends loan rates higher Reuters
all 10 news articles

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