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Bad credit

Sunday, January 20th, 2008

Foreclosure in third quarter avoided for 237000 - Bizjournals.com

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

Thursday, January 17th, 2008

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

Thursday, January 17th, 2008

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

Monday, January 14th, 2008

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

Monday, January 14th, 2008

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

Saturday, January 12th, 2008

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

Saturday, January 12th, 2008

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
Shop around for home loans Courier Mail
Westpac, St George cry me too in rate-rise rush Sydney Morning Herald
The Age - Bloomberg
all 423 news articles

ADB provides 200 million USD loans for Viet Nam - Vietnam Economic Times

Nhan Dan

ADB provides 200 million USD loans for Viet Nam
Vietnam Economic Times, Vietnam - Jan 10, 2008
The Asian Development Bank will provide three loans totaling 200 million USD to help Viet Nam develop education sector for the most disadvantaged, …
ADB provides US $200 million loans to Vietnam Nhan Dan
Vietnam secures $200 million from ADB Thanh Nien Daily
all 4 news articles

Inquiry Focuses on Withholding of Data on Loans - New York Times

Economist

Inquiry Focuses on Withholding of Data on Loans
New York Times, United States - 1 hour ago
Reports commissioned by the banks raised red flags about high-risk loans known as exceptions, which failed to meet even the lax credit standards of subprime …
* At Market Close Wall Street Journal
Banks and the credit crunch Economist
all 4 news articles

Subprime woes to hit student loans - CNNMoney.com

Subprime woes to hit student loans
CNNMoney.com - 8 hours ago
The subprime crisis is expected to make it harder for students to get low-interest loans, according to a new report. NEW YORK (CNNMoney.com) — Students …

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Loans

Wednesday, January 9th, 2008

Think You're Paying Too Much on Your Car Loan? - Auburn Citizen

Auburn Citizen

Think You're Paying Too Much on Your Car Loan?
Auburn Citizen, NY - Jan 7, 2008
However, the practice of refinancing car loans has yet to be indulged by most. Why? Perhaps the reason is that auto loans generally behave differently from …
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket Auburn Citizen
Where to Find the Cash You Need to Cover Those Holiday Bills Auburn Citizen
Auto Loan Refinance to Reduce Monthly Payments Auburn Citizen
all 6 news articles

Bankrate: Mortgage rates lowest since Sept. 2005 - CNNMoney.com

Bankrate: Mortgage rates lowest since Sept. 2005
CNNMoney.com - 5 hours ago
It is the leading aggregator of more than 300 financial products, including mortgages, credit cards, new and used auto loans, money market accounts and CDs, …

Delphi starting talks with lenders for $6.1 billion loan - Detroit Free Press

Delphi starting talks with lenders for $6.1 billion loan
Detroit Free Press, United States - 12 hours ago
By JEWEL GOPWANI Delphi Corp. plans to begin official talks today with potential lenders seeking a $6.1 billion loan to help the auto supplier emerge from …
Delphi asks for aid to get Chapter 11 exit loan Detroit Free Press
JP Morgan and Citi to launch Delphi loans Financial News Online US
Delphi to launch $6.8 bln loan Tuesday-sources Reuters
all 24 news articles

Consumer debt surges $15.4B in November - Providence Business News

Providence Business News

Consumer debt surges $15.4B in November
Providence Business News, RI - 11 hours ago
The data released late yesterday by the Fed indicate that money came from credit cards, auto loans and other short-term credit. …
US Consumer Debt Rose $15.4 Billion in November (Update1) Bloomberg
ECONOMIC REPORT Consumer credit jumps at 7.5% annual rate MarketWatch
Consumer Borrowing Up 7.4 Percent The Associated Press
BusinessWeek - Park Rapids Enterprise
all 156 news articles

US Consumer Credit Jumps in November as October Gains Shrink - CEP News

US Consumer Credit Jumps in November as October Gains Shrink
CEP News, Canada - Jan 8, 2008
Non-revolving credit includes auto loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, …

How To Get Financed For A New Car At Lowest Rate Even With Bankruptcy - Comixtalk

How To Get Financed For A New Car At Lowest Rate Even With Bankruptcy
Comixtalk, AZ - Jan 7, 2008
You can still be a smart auto loan shopper with bad or no credit by shopping around for the best possible lowest rates. Online car loan lenders are finding …

Auto set for a margin squeeze, bike cos hit max - Economic Times

Auto set for a margin squeeze, bike cos hit max
Economic Times, India - 6 hours ago
The quarter will also see the effect of hike in lending rates on two-wheeler loans by banks. Religare Securities said, “Banks had tightened the credit norms …

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Bad credit

Tuesday, January 8th, 2008

SBA Economic Injury Disaster Loans Application Deadline Is February 7 - Reuters

The Money Times

SBA Economic Injury Disaster Loans Application Deadline Is February 7
Reuters - 4 hours ago
Businesses that suffered economic losses as a result of this disaster and want to apply for low-interest loans from the Small Business Administration are …
Kerry, Snowe Call on Administration to Fund Small Business Programs Reuters
Three Days Left to Get One-On-One Assistance; SBA Urges Return of … Reuters
all 55 news articles

Malaysia's Maybank to sell more non-performing loans - Reuters

Malaysia's Maybank to sell more non-performing loans
Reuters - 10 hours ago
KL: Quote, Profile, Research), has agreed to sell non-performing loans worth over $400 million to Standard Chartered Bank (STAN. …
Malaysia's Maybank sells 1.4 bln ringgit bad loans to Standard … Trading Markets (press release)
Maybank To Sell NPL Portfolio To Standard Chartered HK And Orix Bernama
all 3 news articles

Baltimore Is Suing Bank Over Foreclosure Crisis - New York Times

Baltimore Is Suing Bank Over Foreclosure Crisis
New York Times, United States - 10 hours ago
In 2006, Wells Fargo made high-cost loans, with an interest rate at least three percentage points above a federal benchmark, to 65 percent of its black …
Lawsuit by city targets lender Baltimore Sun
Baltimore Sues Wells Fargo for Subprimes The Associated Press
City of Baltimore Sues Wells Fargo DSNews.com
Examiner.com - DesMoinesRegister.com
all 239 news articles

IRS takes a step on refund loans - Baltimore Sun

IRS takes a step on refund loans
Baltimore Sun, United States - 15 hours ago
Last week, the Internal Revenue Service said for the first time it will be looking at refund loans and whether they encourage cheating among tax preparers, …

Banks face rising defaults from retail loan borrowers - Economic Times

Hindu Business Line

Banks face rising defaults from retail loan borrowers
Economic Times, India - 3 hours ago
MUMBAI: Non-performing assets (NPAs) from retail loans of commercial banks are set to rise, according to a recent report by ratings firm Crisil. …
‘Losses from small ticket loans, cards to rise’ Hindu Business Line
CRISIL sounds caution in retail loans Economic Times
Banks may see more loans turn sour Daily News & Analysis
Calcutta Telegraph - Business Standard
all 10 news articles

Cal HFA loans $4M to rehab projects - Bizjournals.com

Cal HFA loans $4M to rehab projects
Bizjournals.com, NC - 7 hours ago
The California Housing Finance Agency has approved $4.3 million in loans to renovate two Sacramento-area housing projects. The Ridgewood Apartments in South …

ECONOMIC REPORT Consumer credit jumps at 7.5% annual rate - MarketWatch

Conde Nast Portfolio

ECONOMIC REPORT Consumer credit jumps at 7.5% annual rate
MarketWatch - 3 hours ago
The consumer credit figures do not include debts backed by real estate, such as mortgages or home-equity loans. Rex Nutting is Washington bureau chief of …
DJ US November Consumer Credit Up $15.5B; Biggest Gain Since Aug Onet.pl
Ahead of the Bell: Consumer Credit BusinessWeek
Consumer Borrowing Up 7.4 Percent The Associated Press
Reuters - MSNBC
all 112 news articles

Private banks hurt as wealthy pay back loans - Guardian Unlimited

Private banks hurt as wealthy pay back loans
Guardian Unlimited, UK - 8 hours ago
Speaking on condition of anonymity, a banker at a large wealth manager said he had seen loan books being reduced, in a sign that deleveraging may be …

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Loans

Tuesday, January 8th, 2008

Banks face rising defaults from retail loan borrowers - Economic Times

Hindu Business Line

Banks face rising defaults from retail loan borrowers
Economic Times, India - 3 hours ago
MUMBAI: Non-performing assets (NPAs) from retail loans of commercial banks are set to rise, according to a recent report by ratings firm Crisil. …
‘Losses from small ticket loans, cards to rise’ Hindu Business Line
CRISIL sounds caution in retail loans Economic Times
Banks may see more loans turn sour Daily News & Analysis
Calcutta Telegraph - Business Standard
all 10 news articles

Baltimore Is Suing Bank Over Foreclosure Crisis - New York Times

Baltimore Is Suing Bank Over Foreclosure Crisis
New York Times, United States - 10 hours ago
In 2006, Wells Fargo made high-cost loans, with an interest rate at least three percentage points above a federal benchmark, to 65 percent of its black …
Lawsuit by city targets lender Baltimore Sun
Baltimore Sues Wells Fargo for Subprimes The Associated Press
City of Baltimore Sues Wells Fargo DSNews.com
Examiner.com - DesMoinesRegister.com
all 239 news articles

ECONOMIC REPORT Consumer credit jumps at 7.5% annual rate - MarketWatch

Conde Nast Portfolio

ECONOMIC REPORT Consumer credit jumps at 7.5% annual rate
MarketWatch - 3 hours ago
The consumer credit figures do not include debts backed by real estate, such as mortgages or home-equity loans. Rex Nutting is Washington bureau chief of …
DJ US November Consumer Credit Up $15.5B; Biggest Gain Since Aug Onet.pl
Ahead of the Bell: Consumer Credit BusinessWeek
Consumer Borrowing Up 7.4 Percent The Associated Press
Reuters - MSNBC
all 112 news articles

Malaysia's Maybank to sell more non-performing loans - Reuters

Malaysia's Maybank to sell more non-performing loans
Reuters - 10 hours ago
KL: Quote, Profile, Research), has agreed to sell non-performing loans worth over $400 million to Standard Chartered Bank (STAN. …
Malaysia's Maybank sells 1.4 bln ringgit bad loans to Standard … Trading Markets (press release)
Maybank To Sell NPL Portfolio To Standard Chartered HK And Orix Bernama
all 3 news articles

Nigerian oil firm Oando gets $100 mln loans - Reuters UK

Nigerian oil firm Oando gets $100 mln loans
Reuters UK, UK - 8 hours ago
LG> has secured $100 million in loans from Standard Chartered Bank (STAN.L: Quote, Profile, Research) and Cairo-based African Export Import Bank, …

Private banks hurt as wealthy pay back loans - Guardian Unlimited

Private banks hurt as wealthy pay back loans
Guardian Unlimited, UK - 8 hours ago
Speaking on condition of anonymity, a banker at a large wealth manager said he had seen loan books being reduced, in a sign that deleveraging may be …

IRS takes a step on refund loans - Baltimore Sun

IRS takes a step on refund loans
Baltimore Sun, United States - 15 hours ago
Last week, the Internal Revenue Service said for the first time it will be looking at refund loans and whether they encourage cheating among tax preparers, …

SBA Economic Injury Disaster Loans Application Deadline Is February 7 - Reuters

The Money Times

SBA Economic Injury Disaster Loans Application Deadline Is February 7
Reuters - 4 hours ago
Businesses that suffered economic losses as a result of this disaster and want to apply for low-interest loans from the Small Business Administration are …
Kerry, Snowe Call on Administration to Fund Small Business Programs Reuters
Three Days Left to Get One-On-One Assistance; SBA Urges Return of … Reuters
all 55 news articles

Cal HFA loans $4M to rehab projects - Bizjournals.com

Cal HFA loans $4M to rehab projects
Bizjournals.com, NC - 7 hours ago
The California Housing Finance Agency has approved $4.3 million in loans to renovate two Sacramento-area housing projects. The Ridgewood Apartments in South …

Cameroon: Parents Rush for Loans and Overdrafts - AllAfrica.com

Cameroon: Parents Rush for Loans and Overdrafts
AllAfrica.com, Washington - 8 hours ago
Since then, parents have been queuing up in banks in search of loans and to take overdrafts of their salaries so as to meet the school needs of their …

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