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Archive for January, 2008

Bad credit

Tuesday, January 8th, 2008

Get Low Payments with Interest Only and Adjustable Rate Mortgages - Auburn Citizen

Get Low Payments with Interest Only and Adjustable Rate Mortgages
Auburn Citizen, NY - 8 hours ago
Many brokers will offer discounted rates for an interest only mortgage loan. Interest only mortgage loans remain interest only for a set number of years. …
Why Now is a Good Time to Refinance Your ARM Loan Auburn Citizen
Confused by all the Mortgage Options? Here's Help Auburn Citizen
Refinance Your Adjustable Rates Today Auburn Citizen
all 7 news articles

Moody's cuts 126 classes of Alt-A RMBS ratings - Reuters

Moody's cuts 126 classes of Alt-A RMBS ratings
Reuters - 5 hours ago
The collateral backing these classes consisted primarily of first lien, fixed and adjustable-rate, Alt-A mortgage loans. Alt-A mortgage loans, …
Moody Downgrades Bear Tranches Wall Street Journal
all 3 news articles

Concord Debt Holdings LLC Acquires a Participation Interest in a … - FOX News

Concord Debt Holdings LLC Acquires a Participation Interest in a …
FOX News - Jan 7, 2008
With respect to the 100 West Putnam participation, Concord acquired a junior participation interest in a $130000000 mortgage loan at an approximately 287 …

Mortgage bankers lobby asks for accounting relief - Reuters

Mortgage bankers lobby asks for accounting relief
Reuters - 51 minutes ago
In response to the complaints, SEC Chairman Christopher Cox said in July that mortgage servicers may modify individual mortgage loans when a default is …
FASB Proposes Delay of Interpretation 48 for Nonpublic Enterprises Reuters
all 7 news articles

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
Further, rising personal incomes and younger borrower profiles provide cushion in mortgage loans. Bank profitability is also expected to be hit this year on …
CRISIL sounds caution in retail loans Economic Times
Retail NPAs may go up to 4% by Mar `09 Business Standard
Banks may see more loans turn sour Daily News & Analysis
Calcutta Telegraph
all 10 news articles

Community Reinvestment Act May Have Deterred Risky Mortgage Lending - Reuters

Community Reinvestment Act May Have Deterred Risky Mortgage Lending
Reuters - Jan 7, 2008
Conclusion To a much greater extent than other lenders, CRA Banks avoided making the types of home purchase mortgage loans that provoked the foreclosure …

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
Kevin Waetke, a Wells Fargo spokesman, rejected the contention that race was a factor in the bank’s pricing of mortgage loans. “We do not tolerate illegal …
Wells Fargo sued by city of Baltimore over foreclosures Bizjournals.com
Baltimore Sues Wells Fargo for Subprimes The Associated Press
Baltimore Files Lawsuit Against Mortgage Lender Multi-Housing News
all 239 news articles

US mulls fresh steps to ease housing slump: Paulson - AFP

MSNBC

US mulls fresh steps to ease housing slump: Paulson
AFP - Jan 7, 2008
The Treasury secretary underlined that interest rates on 1.8 million subprime mortgage loans are due to reset higher in the next two years, heightening the …
Paulson calls for expanded loan relief The Australian
Administration Eyes More Mortgage Help The Associated Press
Administration considering expansion of mortgage freeze program KGAN
Bloomberg - Globe and Mail
all 727 news articles

What Is The Best Reverse Mortgage Loan? - American Chronicle

What Is The Best Reverse Mortgage Loan?
American Chronicle, CA - 6 hours ago
Many seniors are wising up to the benefits of getting a reverse mortgage loan. However, finding the best program for an individual's needs is important. …

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Bad credit

Monday, January 7th, 2008

RLPC-UPDATE 1-Delphi to launch $6.8 bln loan Tuesday-sources - Reuters

RLPC-UPDATE 1-Delphi to launch $6.8 bln loan Tuesday-sources
Reuters - 9 hours ago
NEW YORK, Jan 7 (Reuters) - Auto parts maker Delphi Corp(DPHIQ.PK: Quote, Profile, Research) will launch for syndication $6.8 billion in loans on Tuesday to …

Late payments on loans hit a post-2001 high - Boston Globe

Late payments on loans hit a post-2001 high
Boston Globe, United States - Jan 3, 2008
Meanwhile, the delinquency rate on "indirect" auto loans, arranged through dealerships, jumped in the third quarter to 2.86 percent, a 16-year high. …

GMAC-SAIC sets the standard for auto-loan ABS in China - IFR Asia

GMAC-SAIC sets the standard for auto-loan ABS in China
IFR Asia, UK - Jan 4, 2008
GMAC-SAIC's deal, which comes via a special-purpose trust likely to be called Tong Yuan 2007-1 Auto Loan Backed Securities SPT, will also be the fifth deal …

Five Things You Need to Know: Debt Crisis Vs. Liquidity Crisis - Minyanville.com

Five Things You Need to Know: Debt Crisis Vs. Liquidity Crisis
Minyanville.com, New York - 11 hours ago
The LA Times back in December took a look at auto loans. What is astonishing is how clearly the Fed's credit paradigm has been adopted by the auto loan …

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 - 15 hours ago
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 …

Zero interest loans to rev up SAIC car sales - Shanghai Daily

Zero interest loans to rev up SAIC car sales
Shanghai Daily, China - 9 hours ago
GMAC-SAIC, jointly formed by GMAC, the car loan unit of General Motors Corp, and SAIC Finance Corp, will provide the auto finance, SAIC Motor said in a …

Find the Right Lender Before You Buy a Car - Auburn Citizen

Find the Right Lender Before You Buy a Car
Auburn Citizen, NY - 5 hours ago
Understand the process of car loans. Be prepared. * Utilize the auto loan calculator. Test different APR scenarios. To find out if Harbor Credit can help …

Refinance Your Auto Loan and Ease a Tight Budget - Auburn Citizen

Auburn Citizen

Refinance Your Auto Loan and Ease a Tight Budget
Auburn Citizen, NY - 4 hours ago
When these situations arise, auto refinancing could turn your circumstances around to your advantage. By refinancing your auto loan, you could get a lower …
Think You're Paying Too Much on Your Car Loan? Auburn Citizen
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
all 5 news articles

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Loans

Monday, January 7th, 2008

Community Reinvestment Act May Have Deterred Risky Mortgage Lending - Reuters

Community Reinvestment Act May Have Deterred Risky Mortgage Lending
Reuters - 12 hours ago
Conclusion To a much greater extent than other lenders, CRA Banks avoided making the types of home purchase mortgage loans that provoked the foreclosure …

Shrinking jumbo mortgages - Newsday

Shrinking jumbo mortgages
Newsday, NY - Jan 6, 2008
Because of the increase in delinquencies and foreclosures, investors are jittery about buying mortgage loans that don't conform to guidelines issued by …

Impac Mortgage Holdings, Inc. Announces Posting of Its Unaudited … - FOX News

Orange County Business Journal

Impac Mortgage Holdings, Inc. Announces Posting of Its Unaudited …
FOX News - 5 hours ago
The Company also operates a significantly reduced Mortgage Operations, which acquires, originates and sells conforming loans that are eligible for sale to …
Impac Mortgage Talks of Growth in Bid for Survival Orange County Business Journal
all 7 news articles

First Midwest takes reverse stance on mortgage loans - Chicago Tribune

First Midwest takes reverse stance on mortgage loans
Chicago Tribune, United States - Jan 4, 2008
BY BECKY YERAK January 4, 2008 First Midwest Bancorp Inc., one of the Chicago area's biggest locally headquartered banks, has restructured its mortgage …

Concord Debt Holdings LLC Acquires a Participation Interest in a … - FOX News

Concord Debt Holdings LLC Acquires a Participation Interest in a …
FOX News - 7 hours ago
With respect to the 100 West Putnam participation, Concord acquired a junior participation interest in a $130000000 mortgage loan at an approximately 287 …

Mortgage market recovery hinges on investors - Mortage 101

Mortgage market recovery hinges on investors
Mortage 101 - 20 hours ago
One system consists of portfolio lenders, mostly depository institutions, which hold the mortgage loans they originate. The portfolio system was the larger …

Primary Residential Mortgage Reaches 5-Year Milestone in … - Reuters

Primary Residential Mortgage Reaches 5-Year Milestone in …
Reuters - 5 hours ago
Klippen and his team pride themselves on helping clients with difficult loans and educating them about the mortgage process, especially during the recent …

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Bad credit

Monday, January 7th, 2008

Expert Group, Inc. Announces 11 Million Dollars in Commercial … - FOX News

Expert Group, Inc. Announces 11 Million Dollars in Commercial …
FOX News - 6 hours ago
The company has a wide variety of commercial loan options available including multi-family, shopping center, gas station, retail, office, warehouse, …

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Personal loans

Sunday, January 6th, 2008

Manchester United loans Jonny Evans to Sunderland - The Canadian Press

Manchester United loans Jonny Evans to Sunderland
The Canadian Press - Jan 4, 2008
"We have let Jonny go on loan to Sunderland as I am well covered at the back," Ferguson said. "He was injured at the start of the season and has not had …

home loans fall to three-year low - Times Online

Gulf Times

home loans fall to three-year low
Times Online, UK - Jan 4, 2008
The number of home loans for purchase or remortgage fell 26 per cent in a year to 238000, bringing the housing market to a standstill, according to lending …
New mortgage approvals at three-year low Guardian Unlimited
Mortgage approvals drop to three-year low Times Online
Low-rise housing Mirror.co.uk
Scotsman - Reuters UK
all 44 news articles

SLM to Pull Back on New Loans - Wall Street Journal

Conde Nast Portfolio

SLM to Pull Back on New Loans
Wall Street Journal - Jan 4, 2008
By KEVIN KINGSBURY SLM Corp. disclosed it will pull back on loan origination and purchases because of a new federal law that cut subsidies to commercial …
Sallie Mae Shares Tumble on Disclosure The Associated Press
Sallie May Will Make Fewer Student Loans In 2008 The Consumerist
US student lender Sallie Mae plans loan cuts Reuters
Kansas City Star - St. Petersburg Times
all 127 news articles

Americans late payers on most loans since 2001 - Reuters

WKRG-TV

Americans late payers on most loans since 2001
Reuters - Jan 4, 2008
By Jonathan Stempel NEW YORK, Jan 3 (Reuters) - Americans are falling further behind on consumer loans, with late payments rising to the highest level since …
Late payments on loans hit a post-2001 high Boston Globe
Effects of lax lending standards settling in Chicago Tribune
Late payments reach rates not seen since last recession Fort Worth Star Telegram
all 66 news articles

Cash cash all the way student loans with no cosigner in the play! - American Chronicle

American Chronicle

Cash cash all the way student loans with no cosigner in the play!
American Chronicle, CA - 8 hours ago
And a cash loan is the best option for them to go for. Opting for instant cash loans you can look upon many vendors available in the market and you can get …

IRS considers changing rules for refund anticipation loans - Bizjournals.com

Best Syndication

IRS considers changing rules for refund anticipation loans
Bizjournals.com, NC - Jan 4, 2008
The Internal Revenue Service is seeking input on whether it should consider banning tax return preparers from offering refund anticipation loans. …
Good Riddance to Tax Refund Loans? Motley Fool
IRS might end refund loans by tax preparers Boston Globe
IRS May Limit Refund Loans Wall Street Journal
Best Syndication - The Star-Ledger - NJ.com
all 70 news articles

Exit fees squeeze loan churners - NEWS.com.au

NEWS.com.au

Exit fees squeeze loan churners
NEWS.com.au, Australia - 3 hours ago
By Nhada Larkin January 07, 2008 12:00am EARLY exit fees on home loans can cost you thousands of dollars, but they can be avoided. Before taking out a loan, …

COPS: STOLEN IDENTITIES USED TO OBTAIN LOANS - Newsday

COPS: STOLEN IDENTITIES USED TO OBTAIN LOANS
Newsday, NY - 18 hours ago
An Elmont man who police said used the stolen identities and personal information of several victims to obtain bank loans totaling $86000 faces multiple …

Centro US Trust's Loans Part of Mortgage Bonds, Fitch Says - Bloomberg

Centro US Trust's Loans Part of Mortgage Bonds, Fitch Says
Bloomberg - 1 hour ago
7 (Bloomberg) — Centro Properties Group's US retail trust, which had its credit rating cut 10 levels, has loans being used as collateral in bonds sold by …
Fitch Identifies Centro NP loans in 11 US CMBS Transactions Business Wire (press release)
Fitch Affirms 16 & Places 1 on Rating Watch Negative From 3 Wells … FOX News
Fitch Places Antares Funding LP on Rating Watch Negative Business Wire (press release)
all 32 news articles

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Bad credit

Saturday, January 5th, 2008

I’m struggling to cope with our ever mounting debts - Scotland on Sunday

I’m struggling to cope with our ever mounting debts
Scotland on Sunday, UK - 2 hours ago
At the moment we have a joint income of £2000 a month, and the mortgage is £750, personal loans are £400, and if we make only minimum payments to the credit …

Home loan rates to be cheaper by 50-75 basis points - Sify

Home loan rates to be cheaper by 50-75 basis points
Sify, India - Jan 3, 2008
Demand for personal loans also is on the lower side and analysts are expecting a slide in rates, to help boost demand. "During the first half of the year, …
Home loan rates expected to decline by 50-75 bps Rupee Times
all 3 news articles

One Solution For All Financial Problems - Best Syndication

Best Syndication

One Solution For All Financial Problems
Best Syndication, CA - Jan 3, 2008
Summary: Personal loans are the tailor-made solutions for all types of personal requirements. These loans are available with and without the residential …
Get A Break From Your Loan With Repayment Holiday American Chronicle
Manage your Debt Burden Smoothly Best Syndication
Keep Your Eyes Open For Attractive New Car Loan Rates American Chronicle
Best Syndication
all 8 news articles

That easy debt might be a loan of contention - Guardian Unlimited

Money High Street

That easy debt might be a loan of contention
Guardian Unlimited, UK - 3 hours ago
This involves switching all outstanding debts with different lenders to one new - cheaper - unsecured personal loan. The aim of debt consolidation is to …
Easy ways to make your debts disappear Independent
all 8 news articles

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Loans

Saturday, January 5th, 2008

Home loan rates to be cheaper by 50-75 basis points - Sify

How To Fund Your Postgraduate Course - Motley Fool UK

How To Fund Your Postgraduate Course
Motley Fool UK, UK - Jan 4, 2008
Also, the interest rates for CDLs tend to be higher than for a personal loan. At the time of writing, the Co-op and Barclays were offering typical APRs of …
Issue explained: Financial support for students EducationGuardian.co.uk
all 2 news articles

I’m struggling to cope with our ever mounting debts - Scotland on Sunday

Challenges to come, but our economy can handle them - The Australian

Challenges to come, but our economy can handle them
The Australian, Australia - Jan 3, 2008
Our research shows that more than 50per cent of customers who come to Aussie are locked into the wrong home, car or personal loan and are paying high rates …

Festive season sees demand soar for loans - Independent Online

Festive season sees demand soar for loans
Independent Online, South Africa - Jan 2, 2008
Demand for personal loans has soared over the festive season in spite of the burdensome National Credit Act, a Cape-based financial services website has …

Debt charities warn on personal debt levels - Financial Times

Debt charities warn on personal debt levels
Financial Times, UK - 23 hours ago
By Ellen Kelleher Personal debt levels are likely to soar higher in 2008 as more Britons struggle to meet higher mortgage payments and secure low-cost loans …

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Bad credit

Thursday, January 3rd, 2008

Alt-A Issuance Slid in Third Quarter - Wall Street Journal

Alt-A Issuance Slid in Third Quarter
Wall Street Journal - Jan 2, 2008
In November, S&P placed 484 classes of US residential mortgage-backed securities backed by first-lien Alt-A mortgage loans on CreditWatch with negative …
Secondary market for alt-A loans shrinks in Q3 Inman.com (subscription)
National City ratings unaffected by exit of wholesale mortgage ops … Forbes
S&P Affirms Anadarko Petroleum Ratings Houston Chronicle
PharmaLive.com (press release)
all 16 news articles

Consumers late payers on most loans since recession - Reuters

Consumers late payers on most loans since recession
Reuters - 9 hours ago
"Lenders will need to take a second or third look at any consumer loans they make." Foreclosures set a record in the third quarter, the Mortgage Bankers …
Borrowers pay credit-card bills, let mortgages slide Inman.com (subscription)
Late Payments on Consumer Loans Rise The Associated Press
More Americans fall behind on installment loans USA Today
WIS - WCSH-TV
all 257 news articles

American Home Under Fire Over Loan Files - Forbes

American Home Under Fire Over Loan Files
Forbes, NY - 3 hours ago
"Homeowners may have claims against (American Home) and/or third parties stemming from the origination of their mortgage loans," Stapleton said in court …

Mortgage Rates Fall in Week - TheStreet.com

RTT News

Mortgage Rates Fall in Week
TheStreet.com - 7 hours ago
By Allison Bisbey Colter Mortgage rates fell to their lowest levels in four weeks, responding to a steady stream of bad news about the economy. …
Mortgage rates down on economic worries Inman.com (subscription)
all 72 news articles

Bush to Revive Push for Housing Remedy - Wall Street Journal

Boston Globe

Bush to Revive Push for Housing Remedy
Wall Street Journal - Jan 1, 2008
Pollsters say many people who aren't directly affected by rising defaults on subprime-mortgage loans are feeling the effects anyway, as they see the values …
Bush on housing: Congress should do more CNNMoney.com
Bush may offer more housing relief Toronto Star
Industry:Mortgage:Subprime BankNet 360
Reuters - BloggingStocks
all 21 news articles

Fixes made in 2007 not enough to halt foreclosures - Boston Globe

Boston Globe

Fixes made in 2007 not enough to halt foreclosures
Boston Globe, United States - Jan 2, 2008
They are pressing for a change in federal law that would allow bankruptcy courts to modify mortgage loans. Under current law, mortgages on a primary …
Tighten lending rules Buffalo News
all 14 news articles

2008 Legislative Preview: Mortgage brokers, lenders face more scrutiny - Daily Record (subscription)

2008 Legislative Preview: Mortgage brokers, lenders face more scrutiny
Daily Record (subscription), MD - 2 hours ago
Pulford’s organization represents the state’s mortgage lenders, who are not necessarily the same people who create mortgage loans. …

Smaller banks boost share of mortgage loans - South China Morning Post (subscription)

Smaller banks boost share of mortgage loans
South China Morning Post (subscription), Hong Kong - Jan 2, 2008
Market share was calculated on the basis of total mortgage loans for existing properties, including parking spaces, in both the primary and secondary …

National City slashes dividend, 900 mortgage jobs - Guardian Unlimited

Sabah

National City slashes dividend, 900 mortgage jobs
Guardian Unlimited, UK - Jan 2, 2008
National City expects to make about $15 billion to $20 billion of mortgage loans in 2008. That compares with about $43.9 billion for the first 11 months of …
National City Corp. exiting wholesale mortgage lending Inman.com (subscription)
National City Declares Quarterly Dividend FOX News
National City to cut another 900 mortgage jobs Bizjournals.com
Bloomberg - Bloomberg
all 285 news articles

Mass. joins new mortgage system - Boston Globe

Mass. joins new mortgage system
Boston Globe, United States - Jan 2, 2008
The system is a belated response to changes in the mortgage lending industry. Most mortgage loans are arranged by independent contractors, known as mortgage …
7 States Launch Mortgage-Broker Tracker Forbes
Nationwide licensing system for mortgage brokers debuts Inman.com (subscription)
States Announce Plan to Increase Regulation of Mortgage Brokers Bloomberg
Boston Globe
all 88 news articles

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Bad credit

Thursday, January 3rd, 2008

Portsmouth Redknapp Looks For Loans To Shore Up Squad - Goal.com

Portsmouth Redknapp Looks For Loans To Shore Up Squad
Goal.com, Switzerland - 8 hours ago
Redknapp Looks For Loans To Shore Up Squad With Portsmouth set to be heavily depleted during the African Cup of Nations, boss Harry Redknapp is on the …

SBA Disaster Loan Deadline is February 1 - FOX News

Lessors Network (press release)

SBA Disaster Loan Deadline is February 1
FOX News - 5 hours ago
Under this declaration, SBA's Economic Injury Disaster Loan program is available to farm-related and nonfarm-related, small business concerns and small …
Drought disaster loan deadline approaches Bizjournals.com
Energy efficiency projects eligible for low-cost loans Bizjournals.com
CIT Ranked Number One SBA Lender to Women, Veteran and Minority … FOX News
Bizjournals.com - New York Times
all 116 news articles

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Loans

Wednesday, January 2nd, 2008

Festive season sees demand soar for loans - Cape Times (subscription)

Festive season sees demand soar for loans
Cape Times (subscription), South Africa - 18 hours ago
Demand for personal loans has soared over the festive season in spite of the burdensome National Credit Act, a Cape-based financial services website has …

Energy efficiency projects eligible for low-cost loans - Bizjournals.com

Energy efficiency projects eligible for low-cost loans
Bizjournals.com, NC - 22 hours ago
Congress directed the Small Business Administration to establish several programs, including new low-cost loans, to help small businesses become more energy …
SBA budget has 191 earmarks, but no money to cut loan fees Bizjournals.com
SBA helping Hispanics start new businesses Daytona Beach News-Journal
Women's Groups Lambaste SBA Plan Washington Post
Phoenix Business Journal (subscription)
all 93 news articles

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