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Archive for February, 2008

Bad credit

Thursday, February 14th, 2008

Fitch Rates BCAP $189.4MM PT Ctfs Series 2008-IND1 - Earthtimes

Fitch Rates BCAP $189.4MM PT Ctfs Series 2008-IND1
Earthtimes, UK - Feb 13, 2008
The average loan balance is $390539, and the weighted average original loan-to-value ratio (OLTV) for the mortgage loans in the pool is approximately 73.83% …
Fitch Downgrades Two Classes of JP Morgan, Series 2001-CIBC1 Earthtimes
Fitch Upgrades GMAC Commercial Mortgage Securities 2001-C1 Earthtimes
Fitch Downgrades 3 Classes of FU-BofA Commercial Mortgage Trust … Earthtimes
Earthtimes - Earthtimes
all 27 news articles

Bernanke Urges Action on Housing-Related Measures - CQPolitics.com

Earthtimes

Bernanke Urges Action on Housing-Related Measures
CQPolitics.com, DC - 3 hours ago
They are key players in the mortgage markets, helping to provide liquidity in the home loan business by buying up mortgages and repackaging them into …
Paulson adamant higher Fannie, Freddie loan limits expire unless … CNNMoney.com
A stimulus supports home loans Pittsburgh Post Gazette
Stimulus bill raises mortgage limits Arizona Republic
Reuters - OCRegister
all 57 news articles

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Bad credit

Tuesday, February 12th, 2008

Banks' mortgage debts may hit your pocket - Shreveport Times

Banks' mortgage debts may hit your pocket
Shreveport Times, LA - 21 hours ago
Last month, after the bank announced a large write-down on bad mortgage loans, CFO Gary Crittenden replied to an analyst's question about whether Citi would …

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Personal loans

Tuesday, February 12th, 2008

PMI Group halts private mortgage coverage for above-97% loan-to … - CNNMoney.com

PMI Group halts private mortgage coverage for above-97% loan-to …
CNNMoney.com - 10 hours ago
… it will discontinue future mortgage coverage under its 'Above 97s' business, or loans with loan-to-value (LTV) ratios in excess of 97%. …
PMI Reduces Insurance for Risky Loans CNNMoney.com
PMI to stop insuring some mortgages MarketWatch
all 9 news articles

At the heart of disorder - Asia Times Online

At the heart of disorder
Asia Times Online, Hong Kong - 19 hours ago
Of the thirty-nine banks that originated nontraditional residential mortgage loans, about 85% reported a tightening of their lending standards … compared …

Countrywide expands mortgage workout scope - CNNMoney.com

Boston Globe

Countrywide expands mortgage workout scope
CNNMoney.com - 7 hours ago
About 1.04% of the mortgage loans, or 93961, were pending foreclosure, up from 0.65%. The company also was among the lenders who agreed to a Bush …
Countrywide to Aid More Borrowers The Associated Press
New Mortgage Rescue Goes Beyond Subprime The Associated Press
New Mortgage Rescue Goes Beyond Subprime The Associated Press
Houston Chronicle - Wall Street Journal
all 356 news articles

Mortgage woes hit home equity loans - BusinessWeek

Mortgage woes hit home equity loans
BusinessWeek - 39 minutes ago
The mortgage crisis continues to spread, from standard home loans to home equity loans. We look at what this means for homeowners and what it says about the …

Community Bank Shares of Indiana, Inc. Reports 4th Quarter … - FOXBusiness

Community Bank Shares of Indiana, Inc. Reports 4th Quarter …
FOXBusiness - 7 hours ago
Also, both the quarter and year ended December 31, 2007 were effected by a decline in gains on sales of mortgage loans which was primarily due to a decrease …

Mortgage Loan Processor - Kingsport Times News

Mortgage Loan Processor
Kingsport Times News, TN - Feb 9, 2008
MORTGAGE LOAN PROCESSOR BANK OF TENNESSEE Bank of Tennessee has an opening for a Mortgage Loan Processor. This position will be responsible for the …

Banks' mortgage debts may hit your pocket - Shreveport Times

• Foreclosure Prevention Efforts Falling Flat - Consumer Affairs

• Foreclosure Prevention Efforts Falling Flat
Consumer Affairs - 9 hours ago
Its objective is to work with subprime mortgage loan servicers to reduce the number of unnecessary foreclosures by encouraging loan modifications and other …
Illinois AG Madigan And State Foreclosure Prevention Working Group … All American Patriots (press release)
Study cites origination fraud as culprit Chicago Tribune
all 4 news articles

Mortgage Crisis Spreads Beyond Subprime Loans - New York Times

Mortgage Crisis Spreads Beyond Subprime Loans
New York Times, United States - 2 hours ago
And it is not just first-mortgage default rates that are rising. About 5.7 percent of home equity lines of credit were delinquent or in default at the end …
Currency blow to overseas loans Times Online
all 4 news articles

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Bad credit

Sunday, February 10th, 2008

Personal loans: help meet your personal expenses - Best Syndication

Best Syndication

Personal loans: help meet your personal expenses
Best Syndication, CA - 1 hour ago
People with bad credit can take the benefits of these loans. These borrowing options are available for bad credit too. For smaller loan amount, …

Need Extra Cash? Have Bad Credit? Cash Out Refinance Mortgage - American Chronicle

Need Extra Cash? Have Bad Credit? Cash Out Refinance Mortgage
American Chronicle, CA - Feb 8, 2008
By Richard Rives If you are in need of extra cash and you have too much outstanding debt or you are having difficulties repaying personal loans and credit …

Plan for Credit Delinquents Hits Snag - Korea Times

Plan for Credit Delinquents Hits Snag
Korea Times, South Korea - 10 hours ago
Lee divides credit delinquents into three groups; those who are capable of paying debts after receiving loans; those who are not capable of paying debts; …

Everybody's Business The Unending Allure of the Free Lunch - New York Times

New York Times

Everybody's Business The Unending Allure of the Free Lunch
New York Times, United States - 2 hours ago
The loans were sorted in some crude fashion so that there were groups with halfway decent credit, poor credit, and really, really awful credit. …

Fed's rate cuts to pay off big-time for borrowers - San Jose Mercury News

Fed's rate cuts to pay off big-time for borrowers
San Jose Mercury News, USA - 11 hours ago
David Jones, president of the Association of Independent Consumer Credit Counseling Agencies in Orlando, Fla., saw both bad and good in the Fed's move. …
Cutting to the Quick New York Times
all 24 news articles

Battling to pay auto loans - Youngstown Vindicator

Battling to pay auto loans
Youngstown Vindicator, OH - 16 hours ago
Consumers can expect to find it tougher in the months ahead to get a car loan, especially if they have a bad credit history. If others aren’t paying on time …
Economy drives up car-loan defaults Long Beach Press-Telegram
all 4 news articles

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Bad credit

Sunday, February 10th, 2008

Personal Loans For People With Bad Credit To Break Free - American Chronicle

Best Syndication

Personal Loans For People With Bad Credit To Break Free
American Chronicle, CA - Feb 7, 2008
By Hilary Bowman Those seeking credit and financial recovery often resort to personal loans to improve their credit and consolidate their debt. …
Secured Or Unsecured: That´s The Question! American Chronicle
all 3 news articles

Mumbaikars dare the beast of personal loan to bare the beauty - Daily News & Analysis

Mumbaikars dare the beast of personal loan to bare the beauty
Daily News & Analysis, India - Feb 7, 2008
Want to improve your personal appearance? Opt for a personal loan. The urge to acquire Angelina Jolie lips or Brad Pitt abs is driving several people in …

Loan Cap Breeds Generation Of Finance-Savvy Bruneians - Bru Direct

Loan Cap Breeds Generation Of Finance-Savvy Bruneians
Bru Direct, Brunei Darussalam - Feb 8, 2008
By Hadthiah PD Hazair Brunei-Muara - Almost three years after the government imposed a cap on personal loans, financial experts are noticing a positive …

‘We remain committed to the Indian market for growth and investment’ - Financial Express

‘We remain committed to the Indian market for growth and investment’
Financial Express, India - 2 hours ago
GE Money India is seeking a strategic partner for its wholly-owned personal loans and mortgage portfolio. We see tremendous opportunities for long-term …

Alliance Bank replaces personal loans with credit cards on … - Forbes

Alliance Bank replaces personal loans with credit cards on …
Forbes, NY - Feb 7, 2008
ALMATY, KAZAKHSTAN (Thomson Financial) - Kazakhstan's JSC Alliance Bank said it ceased issuing personal instalment loans to customers on Jan 15 and …

Tips to be money smart this year - Livemint

Tips to be money smart this year
Livemint, India - 2 hours ago
Don’t take personal loans for lifestyle needs Gaurav Mashruwala, a Mumbai-based financial planner, is helping a young couple overcome the stress caused by …

Study the fine print in student deals - Stuff.co.nz

Study the fine print in student deals
Stuff.co.nz, New Zealand - Feb 9, 2008
Most banks try to tempt students with discounted personal loans, which they also push through their graduation packs, giving students starting their study …

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Personal loans

Sunday, February 10th, 2008

Low Credit Score Home Mortgage Loan Refinancing - American Chronicle

Low Credit Score Home Mortgage Loan Refinancing
American Chronicle, CA - Feb 8, 2008
Whenever you want to refinance a home mortgage loan, you need to analyze what you want to obtain by refinancing that loan. What you aim to do needs to guide …

Lenders pinch borrowing on lines of credit Homeowners told crisis … - San Francisco Chronicle

Lenders pinch borrowing on lines of credit Homeowners told crisis …
San Francisco Chronicle, USA - 15 hours ago
The move by Countrywide, the nation's largest mortgage company, is part of a pullback by lenders nationwide on home equity loans, which are often used to …
Couples suing companies over real estate appraisal practices Ventura County Star
Homeowners sue KB Home, Countrywide over appraisals Guardian Unlimited
Business wire briefs –02/08/2008 Press-Enterprise
Bizjournals.com - Los Angeles Times
all 82 news articles

The Rise of the Mortgage 'Walkers' - Wall Street Journal

Wall Street Journal

The Rise of the Mortgage 'Walkers'
Wall Street Journal - Feb 7, 2008
This realization will pressure the companies administering those mortgage loans to renegotiate more quickly with borrowers in cutting loan balances. …
As foreclosures rise, so does help Minneapolis Star Tribune (subscription)
Small banks buck subprime downturn Charlotte Observer
'Hard-money' loans finding a market Chicago Daily Herald
all 5 news articles

Federal Home Loan grant money to be released - The Newark Advocate

Federal Home Loan grant money to be released
The Newark Advocate, OH - Feb 9, 2008
Those mortgage loans can be available in one loan to 100 percent, or two loans of 75/25 programs to avoid PMI. 3) 3 percent down programs. …

Analyst: Fannie Mae faces worse credit - BusinessWeek

The Associated Press

Analyst: Fannie Mae faces worse credit
BusinessWeek - Feb 8, 2008
Fannie Mae buys mortgage loans, packages them into bonds and sells the bonds to investors. Because the company is chartered by Congress, investors assume …
Stimulus Plan Helps Some Homeowners The Associated Press
Days of zero-down mortgages over Detroit Free Press
'Be patient' if you're counting on higher mortgage limits San Jose Mercury News
Business Wire (press release) - Bloomberg
all 194 news articles

MFB Corp. Announces First Quarter Earnings - FOXBusiness

Earthtimes

MFB Corp. Announces First Quarter Earnings
FOXBusiness - Feb 8, 2008
Loans receivable decreased from $407.8 million at September 30, 2007 to $404.9 million at December 31, 2007. Mortgage loans decreased by $2.7 million from …
Coastal Banking Company Reports Fourth Quarter and Year-End 2007 … FOXBusiness
MutualFirst Announces Fourth Quarter 2007 Earnings FOXBusiness
Pacific Mercantile Bancorp Reports Fourth Quarter and Fiscal Year … FOXBusiness
CNNMoney.com - CNNMoney.com
all 102 news articles

High rates undermining mortgages - East African

High rates undermining mortgages
East African, Kenya - 2 hours ago
This has seen international financial institutions charge high interest rates on loan facilities extended to local mortgage providers, who in turn transfer …

Mortgage Loan Processor - Kingsport Times News

Mortgage Loan Processor
Kingsport Times News, TN - 16 hours ago
MORTGAGE LOAN PROCESSOR BANK OF TENNESSEE Bank of Tennessee has an opening for a Mortgage Loan Processor. This position will be responsible for the …

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Bad credit

Saturday, February 9th, 2008

`Jumbo' Loan Increase May Not Stem Housing Decline (Update1) - Bloomberg

Waterloo Cedar Falls Courier

`Jumbo' Loan Increase May Not Stem Housing Decline (Update1)
Bloomberg - 7 hours ago
The bill will allow Fannie and Freddie to raise the limit on purchasing “jumbo'' loans to $729750 from $417000. Mortgages will be eligible if they were …
Congress Stimulates Fannie's Sprawl FOXBusiness
Analyst: Fannie Mae faces worse credit BusinessWeek
New definition of jumbo loans may help few Arizona Republic
The Associated Press - Seattle Post Intelligencer
all 217 news articles

Folsom bank tries new strategy to help it compete for loans - Bizjournals.com

Folsom bank tries new strategy to help it compete for loans
Bizjournals.com, NC - 6 hours ago
Commerce Bank of Folsom has dismissed three business development officers and replaced them with loan underwriters who go out in the field, …
After turbulent 2007, banks looking toward better 2008 Bizjournals.com
E-commerce taxes slipping away as a bailout tool Bizjournals.com
Getting back on track Bizjournals.com
Bizjournals.com - Bizjournals.com
all 290 news articles

Tough times on the cards for credit and loans - Financial Times

Tough times on the cards for credit and loans
Financial Times, UK - 3 hours ago
Lenders are securing access to ever more personal data when deciding whether to offer credit cards and loans, and lapses that would have had little effect …

Greater Sacramento Bancorp's 2007 Net Income Declines 7%; Loans … - FOXBusiness

Earthtimes

Greater Sacramento Bancorp's 2007 Net Income Declines 7%; Loans …
FOXBusiness - 4 hours ago
The principal reason for the decreased earnings in the Fourth Quarter 2007 was the addition of $463000 to the loan loss reserve which represented a $338000 …
Indian Village Bancorp, Inc. Announces Earnings for the Three … FOXBusiness
Coastal Banking Company Reports Fourth Quarter and Year-End 2007 … FOXBusiness
MFB Corp. Announces First Quarter Earnings FOXBusiness
FOXBusiness - FOXBusiness
all 152 news articles

NAB in $1bn loans deal - The Age

The Age

NAB in $1bn loans deal
The Age, Australia - 15 hours ago
Top dog: NAB has used its financial might to buy loans from RHG, formerly know as RAMS. THE mortgage lender formerly known as RAMS will be able to make …
National Australia Buys A$1 Billion of Rams Loans (Update2) Bloomberg
RHG, Formerly Rams Home Loans, Repays Short-Term Debt (Update1) Bloomberg
$5.2b deal saves RHG Group Sydney Morning Herald
ABC Online - Forbes
all 49 news articles

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Personal loans

Thursday, February 7th, 2008

Santander sees 10-12 pct loan growth in 2008; 'not turning off … - Forbes

Santander sees 10-12 pct loan growth in 2008; 'not turning off …
Forbes, NY - 10 hours ago
Speaking to reporters at a presentation on full-year 2007 results, Botin said bad loans 'will rise,' but noted that 'this is not a problem,' given that the …

Economy slows down, credit becomes dearer - Hindustan Times

Economy slows down, credit becomes dearer
Hindustan Times, India - 4 hours ago
The rising cost of credit has started to bite and sales of a wide range of products — from automobiles to television sets (that are mostly bought on loans) …

As the Credit Crunch Tightens, "Bad Credit Loans" Offer a Positive … - PR-USA.net (press release)

As the Credit Crunch Tightens, "Bad Credit Loans" Offer a Positive …
PR-USA.net (press release), Bulgaria - Feb 6, 2008
But for many, the answer to their problems lies in procuring a bad credit loan. These unique loans are specifically tailored to customers who may be unable …

No credit? Bad credit? We’ll give you a loan - News Groper (satire)

News Groper (satire)

No credit? Bad credit? We’ll give you a loan
News Groper (satire), NY - 3 hours ago
As some have pointed out, the operative word in this story is loan. Unlike Romney who foolishly blew 36 million dollars of his own money, I will be getting …

RLPC-Hedge funds January results hit by loan losses-bankers - Reuters

RLPC-Hedge funds January results hit by loan losses-bankers
Reuters - 9 hours ago
"I know it's going to be bad - as bad a performance as ever seen in credit. The great unknown secret is about to be revealed. …

Facing losses on bad loans, banks boost credit card rates - USA Today

BusinessWeek

Facing losses on bad loans, banks boost credit card rates
USA Today - 22 hours ago
•Citigroup (C) is weighing similar changes to its credit cards. Last month, after the bank announced a large write-down on bad mortgage loans, …
A Credit Card You Want to Toss MSNBC
all 36 news articles

Economics focus Chain of fools - Economist

Economist

Economics focus Chain of fools
Economist, UK - 7 hours ago
Securitisation is not new, and decades of standardisation in areas such as mortgage finance, car loans and credit cards have removed many of its …

Current Mortgage Interest Rate Calculator – Not Refinance Rates Or … - Best Syndication

Best Syndication

Current Mortgage Interest Rate Calculator – Not Refinance Rates Or …
Best Syndication, CA - 3 hours ago
The loans amount was between $300000 and $417000. We narrowed the criteria for a reason. The comparison would be useless if a comparison was made between an …

The credit crisis Financial engine failure - Economist

Economist

The credit crisis Financial engine failure
Economist, UK - 7 hours ago
And he went on to predict increases in loan-loss reserves and a rise in bank failures. How bad could things get? Gerard Cassidy of RBC Capital Markets …

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Bad credit

Tuesday, February 5th, 2008

Upside-down auto loans - Canon City Daily Record

Upside-down auto loans
Canon City Daily Record, United States - Feb 2, 2008
If an asset depreciated too quickly, however, or if the term of the loan is too long (it is not uncommon to see auto lenders making seven-year loans in an …

Peugeot Algérie finances a 90% auto loan - Elkhabar

Elkhabar

Peugeot Algérie finances a 90% auto loan
Elkhabar, Algeria - 9 hours ago
Peugeot in partnership with Cetelem bank will finance the auto loan up to 90 % of the car price for a period extending between 12 and 60 months, …

Credit crunch could flatten US car sales - The Money Times

The Money Times

Credit crunch could flatten US car sales
The Money Times, India - 27 minutes ago
Delinquencies for auto loans made to prime borrowers have also increased. Of the auto loans made in 2006 to prime borrowers, rated by Standard & Poor's, …

Credit crash also puts dent in car financing - Boston Globe

Boston Globe

Credit crash also puts dent in car financing
Boston Globe, United States - Feb 2, 2008
Traditional 36-month car loans are traditional only for consumers with the highest FICO auto loan credit scores, dealers say. That means people with credit …
Use broker when importing cars from the US and watch out for car … The Canadian Press
all 10 news articles

SUSAN TOMPOR Borrowers struggle to pay auto loans - Detroit Free Press

SUSAN TOMPOR Borrowers struggle to pay auto loans
Detroit Free Press, United States - 19 hours ago
BY SUSAN TOMPOR Auto loan delinquencies are running at their highest levels in years — and experts expect the late payments to rise more. …

Select A Lender Offering The Lowest Car Loan Rates - American Chronicle

Best Syndication

Select A Lender Offering The Lowest Car Loan Rates
American Chronicle, CA - Feb 2, 2008
They may secure poor credit auto loans from sub-prime lenders, but may have to pay higher interest rates, which may turn to be costly unless they eventually …
Auto Car Loans - Your Options American Chronicle
Cheap loans - Money on low rates! Best Syndication
Is signature enough for a loan? Best Syndication
Best Syndication - American Chronicle
all 6 news articles

Economy drives up car loan defaults - DetNews.com

Economy drives up car loan defaults
DetNews.com, MI - Feb 3, 2008
With the economy sputtering and homeowners facing higher mortgage payments, many consumers are struggling to keep up with their car loans, too. Auto and …
Loan push: Auto companies hope to draw customers with long-term notes Lansing State Journal
all 2 news articles

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Personal loans

Tuesday, February 5th, 2008

Changes in mortgage lending won’t cost us customers, Ural … - Ural Business Consulting

Changes in mortgage lending won’t cost us customers, Ural …
Ural Business Consulting, Russia - 28 minutes ago
'The current market situation shows that mortgage loans are enjoying increasing demand as far as customers are concerned. Banks, on their part, …

In session of "me-too!", debate over mortgage loans looms - The Oregonian - OregonLive.com

In session of "me-too!", debate over mortgage loans looms
The Oregonian - OregonLive.com, OR - Feb 3, 2008
debate over mortgage loans looms By JULIA SILVERMAN The Associated Press SALEM, Ore. (AP) — The monthlong legislative session that opens Monday is shaping …

Deposit zeal quelches loan fever in Hungary in December - Portfolio.hu

Portfolio.hu

Deposit zeal quelches loan fever in Hungary in December
Portfolio.hu, Hungary - 16 hours ago
The volume of new mortgage loans totalled HUF 134 bn in December, unchanged from the previous month, which can be attributed to a stable demand for …

Ness Technologies to Implement SAP-Based Core Banking Systems at … - FOXBusiness