Bad credit

Foreclosure in third quarter avoided for 237000 - Bizjournals.com

New York Daily News

Foreclosure in third quarter avoided for 237000 Bizjournals.com, NC - Jan 18, 2008 The report is based on responses from mortgage servicers covering about 33 million mortgage loans, about 62 percent of all mortgage loans outstanding. … Is the US housing mess headed our way? Globe and Mail Loan-rescue group says aid is increasing BusinessWeek Thousands in Mass. foreclosed on in '07 Boston Globe Baltimore Sun - Washington Post all 60 news articles

FDR's answer to loan mess would prove useful today - San Diego Union Tribune

FDR's answer to loan mess would prove useful today San Diego Union Tribune, United States - 12 hours ago Unlike Bush's proposal, a HOLC-like fix to today's mortgage crisis would essentially extend prime loans to subprime borrowers, putting them into long-term, … 'Blemished' borrowers face tough road Chicago Daily Herald all 2 news articles

Reverse strategy - Chicago Daily Herald

St. Louis Post-Dispatch

Reverse strategy Chicago Daily Herald, IL - Jan 17, 2008 "Conventional mortgage loans, whether they're subprime or not, are risky for seniors because they have to make that monthly payment from a fixed income," … ALL BUSINESS: More Misfortune for Banks The Associated Press Reverse mortgages aren't for everyone USA Today Jerri Stroud St. Louis Post-Dispatch Jackson Clarion Ledger all 108 news articles

Investors warm to appeal of property - South China Morning Post (subscription)

Investors warm to appeal of property South China Morning Post (subscription), Hong Kong - Jan 19, 2008 A South China Morning Post (SEHK: 0583, announcements, news) poll of 12 banks showed interest rates for full-term mortgage loans ranged from 3.85 per cent …

Homebuyers need higher credit scores, richer assets for loans - Pittsburgh Tribune-Review

Homebuyers need higher credit scores, richer assets for loans Pittsburgh Tribune-Review, PA - 23 hours ago "FHA accounted for about 3 percent of mortgage loans nationally in 2006, and about 4 percent for 2007," said Walter Molony, a spokesman for the National … Taxpayer bailouts increase fiscal risks Republican & Herald all 2 news articles

Mexican Housing Booms Despite US Crisis - The Associated Press

The Associated Press

Mexican Housing Booms Despite US Crisis The Associated Press - 5 hours ago Major mortgage insurers, including US-based AIG United Guaranty and Genworth Financial, now back Mexican loans, slashing risk and making it easier for …

Washington Mortgage: Follows Your Needs - American Chronicle

Washington Mortgage: Follows Your Needs American Chronicle, CA - 12 hours ago They help you on a variety of mortgage loans ranging from personal to business loans. The Arizona mortgage policies are more or less similar when compared …

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Personal loans

Lax Lending Standards Could End Up Fueling Sudden Acceleration in … - Wall Street Journal

Lax Lending Standards Could End Up Fueling Sudden Acceleration in … Wall Street Journal - Jan 15, 2008 There is growing evidence that standards also came down for auto loans, and rapidly rising default rates could be the next dilemma for the staggering … Friedman Billings Downgrades AmeriCredit (ACF) to Underperform StreetInsider.com (subscription) all 2 news articles

All's Not Well - Barron’s

All's Not Well Barron’s - Jan 15, 2008 Wells Fargo has approximately $28 billion of auto loans (8% of total loans), approximately 30% of which have a FICO [credit score] below 620. …

Banks suffer heavy losses on auto loans default - The News - International

Banks suffer heavy losses on auto loans default The News - International, Pakistan - 6 hours ago Many conventional banks have stopped or either slowed down auto finance because of the high rate of defaults. Analysts believe that recovery of auto loans …

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Bad credit

Homebuilder Renegotiates Crucial Loans - Houston Chronicle

Homebuilder Renegotiates Crucial Loans Houston Chronicle, United States - 5 hours ago Upscale homebuilder WCI Communities Inc. renegotiated loan terms with two banks Wednesday, sending its stock prices higher and setting aside speculation … WCI receives new terms on loans to stay solvent The News-Press Homebuilder faces lending deadline CNNMoney.com WCI amends credit and loan agreement; shares rally in after-hours … CNNMoney.com all 45 news articles

JPMorgan and Wells Fargo hit by losses on loans - Financial Times

China Daily

JPMorgan and Wells Fargo hit by losses on loans Financial Times, UK - 3 hours ago … had risen by $4.1bn as more borrowers, hit by falling house prices, struggled to keep up with payments on credit card, auto and home equity loans. … Americans Pay for Housing Boom's Excess The Associated Press JPMorgan hit by rising credit card losses MSNBC Earnings Roundup: JPMorgan Chase, AMR Houston Chronicle all 105 news articles

NH Lawmakers OK Cap on Payday Loans - Forbes

NH Lawmakers OK Cap on Payday Loans Forbes, NY - 7 hours ago By NORMA LOVE 01.16.08, 4:42 PM ET New Hampshire's House has approved a 36 percent cap on payday loans, which will likely force payday loan companies out of … Rep. Marshall Quandt and Rep. Thomas Loll: Further regulate payday … The Union Leader Vote no on payday loan cap Concord Monitor all 11 news articles

Indymac shares climb on lay-off plans - MarketWatch

Los Angeles Times

Indymac shares climb on lay-off plans MarketWatch - 7 hours ago But those companies reported large losses in November and have had to restrict the loans they buy because their capital levels became constrained, … IndyMac to cut 2400 jobs Los Angeles Times IndyMac Laying Off 2403 Employees The Associated Press Lender to Cut 2400 Employees, Including Sales Staff in India New York Times TheStreet.com - Inman.com (subscription) all 234 news articles

Wells Fargo Profit Declines as Overdue Loans Increase (Update6) - Bloomberg

Earthtimes

Wells Fargo Profit Declines as Overdue Loans Increase (Update6) Bloomberg - 10 hours ago The bank suffered its first decrease in profit since 2001 after making it easier for some borrowers to receive home equity loans. The result was higher … Wells Fargo Profit Declines as Overdue Loans Increase (Update1) Bloomberg Wells Fargo's Q4 profit drops 38 percent; bank sees challenging … Bizjournals.com 2ND UPDATE: Wells Fargo's Net Slips, Sees Tough 2008 For Consumer … CNNMoney.com Guardian Unlimited - Bizjournals.com all 233 news articles

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Bad credit

Sting in the tail for loans - The Age

Sting in the tail for loans The Age, Australia - 2 hours ago Commonwealth Bank, which enjoys the largest share of the mortgage market, charges $700 to close a variable rate loan within four years of its establishment. … Treasurer plan to axe loan exit fees The Australian Why your home loan is rising NEWS.com.au Australian banking group defends rise in home-loan rate MarketWatch Melbourne Herald Sun - The Age all 95 news articles

ADB to offer loans for Philippine national grid operator - Xinhua

ADB to offer loans for Philippine national grid operator Xinhua, China - 2 hours ago 14 (Xinhua) — The Asian Development Bank (ADB) is planning to offer a loan worth 250 million US dollars to the bid winner of Philippines' national grid for …

UPDATE 1-Downey sees Q3 non-performing loans at $99 mln - Reuters

UPDATE 1-Downey sees Q3 non-performing loans at $99 mln Reuters - 3 hours ago N: Quote, Profile, Research) said it sees $99 million of non-performing loans for the third quarter following its auditors' advice to record certain … Downey Announces Change in Previously Reported Non-Performing Assets CNNMoney.com Downey reclassifies $99 million in loans MSN Money all 13 news articles

Adjustable loans spur new worries - Los Angeles Times

Adjustable loans spur new worries Los Angeles Times, CA - 12 hours ago Loans often were granted on the basis of stated income, not proof of a borrower's income, giving rise to their nickname, "liar's loans. … Cruel Jokes, and No One Is Laughing New York Times all 2 news articles

Options Are Open for ResCap, Says GM's Chief Financial Officer - Wall Street Journal

Seattle Post Intelligencer

Options Are Open for ResCap, Says GM's Chief Financial Officer Wall Street Journal - 20 hours ago ResCap, once a major originator of sub-prime home loans, fell into deep financial losses in 2007 as the market in the investment community for purchasing … GM: No spike in car loan defaults Kansas City Star all 130 news articles

ACA investigates politician over forged papers for bank loans - Malaysia Star

ACA investigates politician over forged papers for bank loans Malaysia Star, Malaysia - 15 hours ago By LOURDES CHARLES KUALA LUMPUR: An MP is being investigated by the Anti-Corruption Agency (ACA) for allegedly using forged documents to obtain bank loans. …

Bank earnings to show mortgage woes are spreading to other loans - MarketWatch

Bank earnings to show mortgage woes are spreading to other loans MarketWatch - 17 hours ago Bank earnings reports this coming week are expected to show widening impact as more types of loans go bad. See full story. After another week dominated by …

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Bad credit

Used Car Loans – An Aid For A Second Hand Purchase - American Chronicle

Best Syndication

Used Car Loans – An Aid For A Second Hand Purchase American Chronicle, CA - Jan 12, 2008 Make use of the benefits of old auto loans in the right sense by applying your bargaining skills and working out an excellent offer. … Unsecured Loans: Solution for all Necessity Best Syndication all 2 news articles

GM: No Spike in Car Loan Defaults - The Associated Press

GM: No Spike in Car Loan Defaults The Associated Press - 2 hours ago s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial …

Bank earnings to be hit as mortgage woes spread - MarketWatch

Bank earnings to be hit as mortgage woes spread MarketWatch - Jan 11, 2008 The delinquency rate on banks' consumer loans, which include credit cards and auto loans, rose to almost 2.5% during the third quarter, from less than 2% at …

Sovereign to Take Over $2B in Charges - CNNMoney.com

Sovereign to Take Over $2B in Charges CNNMoney.com - 1 hour ago … consumer banking segment, because of weakening consumer credit and the bank's decision to stop originating auto loans in the Southeast and Southwest. …

Upcoming Trend Of Car Loan Refinancing - American Chronicle

Upcoming Trend Of Car Loan Refinancing American Chronicle, CA - Jan 11, 2008 On the exterior, it means resorting to a low APR auto loan to pay off one’s current loan and saving a substantial sum in the process. … Effectively Eliminate Credit Card Debt American Chronicle all 3 news articles

Bank earnings to show mortgage woes are spreading to other loans - MarketWatch

Bank earnings to show mortgage woes are spreading to other loans MarketWatch - 17 hours ago DAMASCUS, MD (MarketWatch) — The Barenaked Ladies will perform at the 2008 Detroit Auto Show. If the experts are correct, that may also be an accurate auto …

GM China auto-finance unit to sell 1.9b yuan bonds - China Daily

GM China auto-finance unit to sell 1.9b yuan bonds China Daily, China - 9 hours ago … with CITIC Securities the main underwriter. GMAC-SAIC Automotive Finance is the first auto-finance firm in China to securitize its loans.

Ways to Work helps families become sufficient - Green Bay Press Gazette

Ways to Work helps families become sufficient Green Bay Press Gazette, WI - Jan 12, 2008 Four others have been approved for auto loans and are in the process of looking for a car, said program mananger Meika Burnikel.

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Loans

Countrywide Home Loan Delinquencies Rise - The Associated Press

The Money Times

Countrywide Home Loan Delinquencies Rise The Associated Press - Jan 9, 2008 Loan delinquencies as a percentage of unpaid principal balances jumped to 7.20 percent from 6.52 percent. About 1.04 percent of the mortgage loans were … Countrywide Home Loan Delinquencies Rise The Associated Press Countrywide December loans up slighty Bizjournals.com Countrywide December loan fundings down 45% MarketWatch FOXNews - USA Today all 518 news articles

Banks Plead They Can’t Follow Rules - New York Times

Banks Plead They Can’t Follow Rules New York Times, United States - Jan 10, 2008 “No one anticipated a day when potentially hundreds of thousands of residential mortgage loans would be modified,” said Alison Utermohlen, an official of … Relief Sought on Mortgage Accounting WebCPA all 4 news articles

Savings high, mortgage loan growth slows in Shanghai - China Daily

Savings high, mortgage loan growth slows in Shanghai China Daily, China - Jan 10, 2008 Affected by the tightening mortgage loan policy, the new personal housing loans increased only 1.6 billion yuan in December last year, 3.4 billion yuan less …

Mortgage Lender First NLC Shuts Down Shop - HULIQ

Mortgage Lender First NLC Shuts Down Shop HULIQ, NC - 6 hours ago Originating over $7.4 billion mortgage loans in 2006, First NLC was one of the top sub-prime residential mortgage lenders in the nation. … FBR Group mortgage subsidiary to liquidate Bizjournals.com FBR's First NLC subprime unit to file bankruptcy Reuters FBR Subprime Unit to File for Bankruptcy Washington Post CNNMoney.com - DSNews.com all 14 news articles

Countrywide Failed to Survive Slump - Houston Chronicle

Boston Globe

Countrywide Failed to Survive Slump Houston Chronicle, United States - 6 hours ago Like other mortgage lenders, Countrywide pushed nontraditional loans and subprime loans to people with shaky credit histories, since those products were … Video: Bank of America to buy Countrywide reutersvideo Bank Of America Buys Nations Largest Loan Broker Countrywide For … Best Syndication Countrywide On Clearance Forbes CNNMoney.com - Inman.com (subscription) all 2,164 news articles

California Mortgage: Assistance In Times Of Need - American Chronicle

California Mortgage: Assistance In Times Of Need American Chronicle, CA - 5 hours ago It has made suitable arrangements for procuring mortgage loan. These loans come in great use by the consumers and other business clients to make purchases. … Merger creates largest mortgage underwriter in OC Orange County Register all 2 news articles

Bank Agrees to Buy Troubled Loan Giant for $4 Billion - New York Times

Bank Agrees to Buy Troubled Loan Giant for $4 Billion New York Times, United States - 21 minutes ago As defaults have surged, investors who once flocked to risky mortgage loans for their higher yields have shunned them. Troubles in the housing market have …

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Bad credit

Federal Reserve to offer 30 bln usd in loans during Monday's TAF … - Forbes

Federal Reserve to offer 30 bln usd in loans during Monday's TAF … Forbes, NY - 12 hours ago WASHINGTON (Thomson Financial) - The Federal Reserve will offer 30 bln usd in 28-day loans through its next Term Auction Facility on Monday, …

RHG Home Loans secures $750m facility - The Age

RHG Home Loans secures $750m facility The Age, Australia - 20 hours ago RHG Home Loans Group Ltd - what is left of the RAMS franchise after the brand and distribution business was acquired by Westpac last week - has executed the … RAMS in $750m debt deal The Australian RAMS gets boost but $1.25 billion needed by February Melbourne Herald Sun UPDATE 1-Australia's RAMS says executes A$750 mln facility Reuters Reuters - ABN Newswire (press release) all 11 news articles

Some Debt Trends Are Good. This Isn’t One of Them. - New York Times

NEWS.com.au

Some Debt Trends Are Good. This Isn’t One of Them. New York Times, United States - 2 hours ago A turnaround in trends for home equity loans could also be a sign of consumer worries. In the spring, as credit tightened, the amount of outstanding home … US credit card asset quality to weaken in '08-Fitch Reuters Plastic explosive: Trouble ahead for credit card issuers FinancialWeek (subscription) Consumer borrowing jumps Los Angeles Times BusinessWeek - 9NEWS.com all 82 news articles

Malaysia's MTD Capital says JVs plan $420 mln loans - Reuters

Malaysia's MTD Capital says JVs plan $420 mln loans Reuters - 19 hours ago MTD's joint venture in the Philippines will take a peso loan of about $210 million to help finance the cost of upgrading the South Luzon Expressway, …

The Best And Worst Loans - Motley Fool UK

The Best And Worst Loans Motley Fool UK, UK - 18 hours ago As well as being a bumper month for overdraft charges, January is also the biggest month of the year for providers of personal loans. On average, more than …

Countrywide Home Loan Delinquencies Rise - The Associated Press

The Money Times

Countrywide Home Loan Delinquencies Rise The Associated Press - Jan 9, 2008 The company also reported that it had funded $23.5 billion in loans in December — a steep decline from $42.8 billion in the year-ago period. … Countrywide Home Loan Delinquencies Rise The Associated Press Countrywide December loans up slighty Bizjournals.com Countrywide reports better-than-expected loan activity Bizjournals.com Los Angeles Times - MarketWatch all 518 news articles

Westpac increases interest on home loans - Sydney Morning Herald

LIVENEWS.com.au

Westpac increases interest on home loans Sydney Morning Herald, Australia - Jan 10, 2008 Westpac Banking Corp Ltd is the latest bank to announce a rate rise, lifting the interest rate on its variable home loans by an additional 0.15 per cent per … $1bn in loans to US 'safe' The Age