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Archive for February, 2008

Personal loans

Saturday, February 23rd, 2008

Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish - Bloomberg

Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish
Bloomberg - 16 hours ago
Those loans may be sold several times before they land in a security. Mortgage servicers, who collect monthly payments and distribute them to securities

Education loans may come with insurance - Economic Times

Education loans may come with insurance
Economic Times, India - 8 hours ago
NEW DELHI: Public sector banks will soon start offering insurance-linked education loans. The insurance premium will be a part of the expenses for the loan.

ECB Bancorp, Inc. Reports 2007 Financial Results - FOXBusiness

ECB Bancorp, Inc. Reports 2007 Financial Results
FOXBusiness - 1 hour ago
While net charge-offs ticked up a bit (to 0.126% of average loans), our asset quality by any statistical measurement continues to remain above average
Northern Star Financial, Inc. Reports Second Quarter Results CNNMoney.com
BankFinancial Corporation Reports Financial Results for the Fourth FOXBusiness
Mayflower Bancorp Reports Improved Third Quarter Results and Earthtimes
Earthtimes - FOXBusiness
all 41 news articles

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Loans

Saturday, February 23rd, 2008

Govt seeking foreign loans to cover state budget deficit: Bappenas - Jakarta Post

Govt seeking foreign loans to cover state budget deficit: Bappenas
Jakarta Post, Indonesia - 44 minutes ago
The government plans to acquire more foreign loans to help cover the state budget deficit, which is set to swell this year amid a slowing global economy and

Leveraged Loans Loom Large - BusinessWeek

Leveraged Loans Loom Large
BusinessWeek - 1 hour ago
by Justin Menza From Standard & Poor's Equity Research For many banks, leveraged loans remain an issue. Not only has the value of these loans declined,

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Loans

Thursday, February 21st, 2008

Auto Affordability Improves Modestly, Comerica Bank Chief … - PR Newswire (press release)

Auto Affordability Improves Modestly, Comerica Bank Chief
PR Newswire (press release), NY - 6 hours ago
This report incorporates the latest data on consumer spending on light vehicles and on the terms available on auto loans. The entire history of the index is

Banks rush to lower rates - Calcutta Telegraph


Calcutta Telegraph
Banks rush to lower rates
Calcutta Telegraph, India - Feb 20, 2008
“The objectives are to help the productive sectors in bringing down their cost of finance and to stimulate demand for credit, make home loans, auto loans
SBI, other banks cut prime lending rate The Statesman
SBI, Canara cut rates again Business Standard
all 47 news articles

GMAC Plans to Restructure Auto-Loan Unit, Cut 930 Jobs - Wall Street Journal


KARE
GMAC Plans to Restructure Auto-Loan Unit, Cut 930 Jobs
Wall Street Journal - Feb 20, 2008
Several auto-loan firms have recently moved to tighten their lending standards in the face of rising delinquencies, leading many auto dealers to rely more
GMAC to Cut About 930 Auto Finance Jobs The Associated Press
GMAC May Announce Closure of Most Loan Offices in US, Canada Bloomberg
GMAC will slash 930 jobs DetNews.com
CNBC
all 289 news articles

Lending Squeeze Hits Ailing Firms - Wall Street Journal

Lending Squeeze Hits Ailing Firms
Wall Street Journal - 21 hours ago
have to add new loans for companies until [the banks] fill the hole on their nonperforming loans," including mortgages, credit-card debt and auto loans

Americans keeping cars and trucks longer, report shows - International Herald Tribune

Americans keeping cars and trucks longer, report shows
International Herald Tribune, France - 4 hours ago
While the vast majority of auto loans — 78.7 percent — now cover a five- to six-year period, 4 percent are for seven years and 0.1 percent are for eight

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Personal loans

Wednesday, February 20th, 2008

GMAC Plans to Restructure Auto-Loan Unit, Cut 930 Jobs - Wall Street Journal


KARE
GMAC Plans to Restructure Auto-Loan Unit, Cut 930 Jobs
Wall Street Journal - 3 hours ago
Several auto-loan firms have recently moved to tighten their lending standards in the face of rising delinquencies, leading many auto dealers to rely more
GMAC May Announce Closure of Most Loan Offices in US, Canada Bloomberg
GMAC Reorganization: More Proof Of Tough Times CNBC
GMAC to cut 930 auto finance jobs, close offices Financial Post
all 138 news articles

Industry meets on car scam - Bangkok Post

Industry meets on car scam
Bangkok Post, Thailand - 18 hours ago
Non-performing loans for local auto hire-purchase firms remain relatively low at 1% to 2% of total loans. The bulk of the bad loans are from consumers

Low Rate Car Loan - Some Tips For Your Guidance - American Chronicle

Low Rate Car Loan - Some Tips For Your Guidance
American Chronicle, CA - Feb 17, 2008
Furthermore, they get stuck with a high rate auto loan, which obviously means high monthly payments. God forbid if due to some emergency you miss your

State Bank, 3 others cut loan rates - Hindustan Times


Hindu Business Line
State Bank, 3 others cut loan rates
Hindustan Times, India - 3 hours ago
In a move that will make housing and auto loans cheaper, four public sector banks, led by State Bank of India, today announced slashing their prime lending
SBI, Canara cut rates again Business Standard
all 23 news articles

From Foreclosure Signs to Auto Repo Lots - Washington Post

From Foreclosure Signs to Auto Repo Lots
Washington Post, United States - Feb 17, 2008
Unorthodox auto loans lured consumers to buy cars they otherwise couldn't afford. Credit cards teased holders with introductory rates that soared after a
20-02-2008: Credit card debt at manageable level The Edge Daily
all 4 news articles

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Bad credit

Tuesday, February 19th, 2008

Saving Liberian Widows, One Loan At A Time - Forbes

Saving Liberian Widows, One Loan At A Time
Forbes, NY - 5 hours ago
People know Kate, my co-founder, and I on a personal level, and a lot of these people have given to us and they know that we are doing our absolute best

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Personal loans

Tuesday, February 19th, 2008

IPDC enters consumer banking with auto loan - The New Nation

IPDC enters consumer banking with auto loan
The New Nation, Bangladesh - Feb 16, 2008
The Industrial Promotion and Development Company (IPDC) yesterday officially entered into consumer banking from corporate banking, introducing auto-loan

Aimbridge Lending Solutions Marks 2007 With Continued Expansion - Business Wire (press release)

Aimbridge Lending Solutions Marks 2007 With Continued Expansion
Business Wire (press release), CA - 7 hours ago
Since 1984, Aimbridge Lending Solutions has partnered with credit unions and automotive dealers to market auto loans and insurance products.

Car Title Loan Cash - A Handy Guide - American Chronicle

Car Title Loan Cash - A Handy Guide
American Chronicle, CA - Feb 17, 2008
If you have a relatively new automobile in good condition which is in your name and which is fully paid for, then all you have to do is apply for auto loan.

Drip, Drip, Drip: Then the Dam Collapses - Gold Seek

Drip, Drip, Drip: Then the Dam Collapses
Gold Seek - Feb 18, 2008
They are the people who will default on their home loans and walk away. They will walk away from auto loans, too. America's two consumer industries,

Bad Credit Auto Loans - Don´t Let Poor Credit Keep You From … - American Chronicle

Bad Credit Auto Loans - Don´t Let Poor Credit Keep You From
American Chronicle, CA - Feb 17, 2008
By Andrina James Stop worrying about low credit keeping you from your new car, because bad credit auto loans can now provide you with the required auto
Low Rate Car Loan - Some Tips For Your Guidance American Chronicle
Car Loans - Reasons For Why You Did Not Get That Low Rate Car Finance American Chronicle
all 3 news articles

From Foreclosure Signs to Auto Repo Lots - Washington Post

From Foreclosure Signs to Auto Repo Lots
Washington Post, United States - Feb 17, 2008
Unorthodox auto loans lured consumers to buy cars they otherwise couldn't afford. Credit cards teased holders with introductory rates that soared after a

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Loans

Sunday, February 17th, 2008

ANZ Bank Says Provisions Will Eliminate Profit Growth (Update1) - Bloomberg


NEWS.com.au
ANZ Bank Says Provisions Will Eliminate Profit Growth (Update1)
Bloomberg - 3 hours ago
This year ANZ this year joined rivals in raising interest rates on its variable home loans to recoup higher funding costs. It was the first time in a decade
ANZ shares plunge on back of debt fears NEWS.com.au
Australia's ANZ makes 200 mln US dollar loss provision on US Forbes
Australia's ANZ says US monoline loss driven by accounting standards Forbes
Crikey (subscription)
all 80 news articles

Bad Credit Loans: Tackle Bad Credit with Finances Easily - Best Syndication


Best Syndication
Bad Credit Loans: Tackle Bad Credit with Finances Easily
Best Syndication, CA - Feb 14, 2008
There is however one option available which provides borrowers money to be taken up through bad credit loans. With bad credit taking its toll on the

Bad Credit Auto Loans - Don´t Let Poor Credit Keep You From … - American Chronicle

Bad Credit Auto Loans - Don´t Let Poor Credit Keep You From
American Chronicle, CA - 16 hours ago
By Andrina James Stop worrying about low credit keeping you from your new car, because bad credit auto loans can now provide you with the required auto
Car Loans - Reasons For Why You Did Not Get That Low Rate Car Finance American Chronicle
Low Rate Car Loan - Some Tips For Your Guidance American Chronicle
Used Car Loans - A One Stop Guide American Chronicle
all 4 news articles

Going To College With Bad Credit - American Chronicle

Going To College With Bad Credit
American Chronicle, CA - 18 hours ago
Getting a private student loan for college expenses is not impossible with bad credit. Also, PLUS loans can help parents aid their children in paying for
Bad credit signature loans 1000 available now: Manage all your American Chronicle
all 2 news articles

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Personal loans

Sunday, February 17th, 2008

Two-wheeler loans go scarce - Hindu Business Line


Hindu Business Line
Two-wheeler loans go scarce
Hindu Business Line, India - 8 hours ago
“We are present in around 700 locations for two-wheeler loans. In some markets, we have moved out of this segment. We looked at several factors including

Startups can tap loans, nonprofits' aid - Baltimore Sun

Startups can tap loans, nonprofits' aid
Baltimore Sun, United States - 18 hours ago
Do you take out loans? Max out your credit cards? Persuade investors to take a chance on your idea? And what about those new Web sites that seek to match

New loan rates up in the air for those trying to refinance - San Francisco Chronicle

New loan rates up in the air for those trying to refinance
San Francisco Chronicle,  USA - 21 hours ago
Anything below that limit is called a conforming loan; anything above it is a jumbo. Right now, jumbo-loan rates are almost one percentage point higher than
Jumbo loans to be isolated from mortgage TBA: SIFMA Reuters
California, New York to get big GSE loan limit boost Reuters
Refinancing at cheap rates biggest benefit of stimulus Long Beach Press-Telegram
San Francisco Chronicle - AOL Canada
all 12 news articles

Residual Tricom loans hard to shift - The Sheet

Residual Tricom loans hard to shift
The Sheet, Australia - 6 hours ago
The firm's aim, which is a requirement of its own lenders, is to reduce that loan book to zero and quickly. However, the firm's clients may be struggling to
Tricom's future on the line NEWS.com.au
Bell goes like the clappers to scoop Tricom Sydney Morning Herald
all 16 news articles

Bumper loan relief for farmers soon - Hindustan Times

Bumper loan relief for farmers soon
Hindustan Times, India - 6 hours ago
The Union government is planning the largest farm-loan relief package in the country’s history — totalling at least Rs 32000 crore — and proposals to this

Government Faces Pressures Over Student Loans - Wall Street Journal

Government Faces Pressures Over Student Loans
Wall Street Journal - Feb 15, 2008
The letter comes after a week in which several auctions of securities tied to federal student loans failed, and a Michigan student-loan authority stopped
Lawmakers urge action on student loan turmoil Reuters
White House Help Sought on Student Loans The Associated Press
House Democrats Ask Administration to Shore Up Student-Loan Market Chronicle of Higher Education (subscription)
Reuters
all 128 news articles

Unsecured Business Loans: Money To Fund Your Business Plan - Best Syndication


Best Syndication
Unsecured Business Loans: Money To Fund Your Business Plan
Best Syndication, CA - 4 hours ago
So for such a situation, it may not be appealing to you to pledge your assets for a loan. Money is now available to you for your business plan without the
Living Better is Your Right Best Syndication
all 2 news articles

Credit crisis squeezes Iowa Student Loan - DesMoinesRegister.com


News & Observer
Credit crisis squeezes Iowa Student Loan
DesMoinesRegister.com, IA - 16 hours ago
By SP DINNEN • REGISTER BUSINESS WRITER • February 17, 2008 Iowa Student Loan Liquidity Corp., a key source of higher education funding for more than 68500
Loan crisis goes to college CNNMoney.com
Student loans stung by subprime mortgage crisis MLive.com
NJ student loan agency gets monitor to deal with problems Newsday
Gateway - Sarasota Herald-Tribune
all 20 news articles

What to look out for when switching loans - NEWS.com.au

What to look out for when switching loans
NEWS.com.au, Australia - 4 hours ago
By Erica Thompson February 18, 2008 09:10am With interest rates rising, the Rudd Government says consumers should be able to switch to better home loan

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Bad credit

Saturday, February 16th, 2008

Used Car Loans - A One Stop Guide - American Chronicle

Used Car Loans - A One Stop Guide
American Chronicle, CA - 20 hours ago
Many sites offer auto loan calculators, so that you get a fair idea about your monthly payouts. Getting a loan approved for purchasing a second-hand car is

Should home equity be tapped for car loan? - Houston Chronicle

Should home equity be tapped for car loan?
Houston Chronicle, United States - Feb 13, 2008
Do you have any information on the best lenders for this type of loan? A: Credit unions offer some of the most inexpensive auto loans in the country.

Is It Time To Refinance Your Auto Loan? - Best Syndication


Best Syndication
Is It Time To Refinance Your Auto Loan?
Best Syndication, CA - Feb 14, 2008
It is also possible to save a lot of money by refinancing your auto loan. Auto loans carry much shorter payoff schedules than do home loans,

Securities backed by auto loans falter - CNNMoney.com

Securities backed by auto loans falter
CNNMoney.com - Feb 14, 2008
Fitch Ratings service says delinquencies in assets backed by auto loans hit a record high last month. By Ben Rooney, CNNMoney.com staff writer Fed Chairman
Auto-Loan Delinquencies Jump Wall Street Journal
Auto-loan delinquencies hit 10-year high, according to Fitch Ratings WTOL
Fitch: US Auto ABS Delinquencies Speed to 10-Year Highs in January Earthtimes
all 30 news articles

Bankruptcy Car Loan: Helps Improve Credit History - American Chronicle

Bankruptcy Car Loan: Helps Improve Credit History
American Chronicle, CA - Feb 14, 2008
Of course its not going to be all hunky dory as with a good credit score auto loan financing but its not that bad either. The biggest thing that could hurt

Online Car Loan Calculators – The Most Effective Tools - American Chronicle

Online Car Loan Calculators – The Most Effective Tools
American Chronicle, CA - Feb 14, 2008
By Saurabh Jain Online car loan calculators are available in plenty, as almost all online auto loan firms offer such services for free.

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Loans

Thursday, February 14th, 2008

Securities backed by auto loans falter - CNNMoney.com


Lessors Network (press release)
Securities backed by auto loans falter
CNNMoney.com - 3 hours ago
Fitch Ratings service says delinquencies in assets backed by auto loans hit a record high last month. By Ben Rooney, CNNMoney.com staff writer Fed Chairman
Auto-Loan Delinquencies Jump Wall Street Journal
Auto-loan delinquencies hit 10-year high, according to Fitch Ratings WTOL
Fitch: US Auto ABS Delinquencies Speed to 10-Year Highs in January Earthtimes
all 32 news articles

Greener savings - Central Penn Business Journal