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Archive for April, 2008

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Bad credit

Wednesday, April 30th, 2008

GMAC posts loss of $598M - DetNews.com


Earthtimes (press release)
GMAC posts loss of $598M
DetNews.com, MI - 8 hours ago
… twice the loss from the same time period a year ago — as continuing red ink in its mortgage unit swallowed profits from auto loans and insurance. …
GMAC Records a Steeper Loss As Auto Lending, ResCap Weigh Wall Street Journal
GMAC Posts $589 Million Loss on Home Lending Woes (Update2) Bloomberg
GMAC posts $589 mln loss on mortgage woes guardian.co.uk
The Associated Press - Reuters
all 132 news articles

Cetelem forecasts stagnation on the loan market - Ziarul Financiar

Cetelem forecasts stagnation on the loan market
Ziarul Financiar, Romania - 16 hours ago
We tested personal loans last year and expect very good results this year. Other avenues for growth will be the auto loans and mortgage loans," says Boaje. …

Berkshire Hills Reports 22% Earnings - Ad-Hoc-News (Pressemitteilung)


Earthtimes (press release)
Berkshire Hills Reports 22% Earnings
Ad-Hoc-News (Pressemitteilung), Germany - 13 hours ago
Total loans decreased by $9 million (2% annualized) due to a $16 million reduction in indirect auto loans which was partially offset by a $10 million …
TriCo Bancshares Announces Quarterly Earnings WELT ONLINE
Old National Bancorp Q1 2008 Earnings Call Transcript Seeking Alpha
HF Financial Corp. Quarterly Earnings Per Share Increase 60 … Earthtimes (press release)
SunHerald.com - SunHerald.com
all 358 news articles

Banks may hike auto loan rates to retain margins - Economic Times

Banks may hike auto loan rates to retain margins
Economic Times, India - 16 hours ago
Such a move is likely to impact both car and two-wheeler loans. And bankers reckon that this would not be the last of the hikes. Margins on new car loans …
Car buyers are in for a double blow Financial Express
You may not get a loan for that laptop Sify
Get ready to pay more for your dream car Economic Times
Economic Times
all 6 news articles

David Phillips - DetNews.com

David Phillips
DetNews.com, MI - 8 hours ago
More than a quarter of borrowers now have auto loans that are upside down — the vehicle is worth less than the loan balance. …

Auto Loans for People with Poor Credit – A sigh of Relief - Best Syndication


Best Syndication
Auto Loans for People with Poor Credit – A sigh of Relief
Best Syndication, CA - 17 hours ago
Due to this reason majority of the lenders are coming forward to offer Auto Loans for People with Poor Credit. Auto Loans for People with Poor Credit …
Poor Credit Auto Loans – Credit is No Bar for Your Dream Car Best Syndication
Personal Loans Rate: Compare First! Best Syndication
all 3 news articles

Merrill, Goldman Among Firms Starting Muni Credit Default Index - Bloomberg

Merrill, Goldman Among Firms Starting Muni Credit Default Index
Bloomberg - 17 hours ago
Markit said banks last month shelved plans for indexes intended to allow investors to speculate on the $200 billion market for bonds backed by US auto loans …

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Loans

Wednesday, April 30th, 2008

GMAC posts loss of $598M - DetNews.com


Earthtimes (press release)
GMAC posts loss of $598M
DetNews.com, MI - 8 hours ago
… twice the loss from the same time period a year ago — as continuing red ink in its mortgage unit swallowed profits from auto loans and insurance. …
GMAC Records a Steeper Loss As Auto Lending, ResCap Weigh Wall Street Journal
GMAC Posts $589 Million Loss on Home Lending Woes (Update2) Bloomberg
GMAC posts $589 mln loss on mortgage woes guardian.co.uk
The Associated Press - Reuters
all 132 news articles

Banco Daycoval Announces 1Q08 Results - PR Newswire (press release)

Banco Daycoval Announces 1Q08 Results
PR Newswire (press release), NY - 3 hours ago
Retail products (payroll and auto loans) were the main driver of this growth, reaching 33.8% of the total portfolio; Loan Loss Provisions (LLP) corresponded …

Auto Loans for People with Poor Credit – A sigh of Relief - Best Syndication


Best Syndication
Auto Loans for People with Poor Credit – A sigh of Relief
Best Syndication, CA - 17 hours ago
Due to this reason majority of the lenders are coming forward to offer Auto Loans for People with Poor Credit. Auto Loans for People with Poor Credit …
Poor Credit Auto Loans – Credit is No Bar for Your Dream Car Best Syndication
Personal Loans Rate: Compare First! Best Syndication
all 3 news articles

David Phillips - DetNews.com

David Phillips
DetNews.com, MI - 8 hours ago
More than a quarter of borrowers now have auto loans that are upside down — the vehicle is worth less than the loan balance. …

Cetelem forecasts stagnation on the loan market - Ziarul Financiar

Cetelem forecasts stagnation on the loan market
Ziarul Financiar, Romania - 16 hours ago
We tested personal loans last year and expect very good results this year. Other avenues for growth will be the auto loans and mortgage loans," says Boaje. …

Banks may hike auto loan rates to retain margins - Economic Times

Banks may hike auto loan rates to retain margins
Economic Times, India - 16 hours ago
Such a move is likely to impact both car and two-wheeler loans. And bankers reckon that this would not be the last of the hikes. Margins on new car loans …
Car buyers are in for a double blow Financial Express
You may not get a loan for that laptop Sify
Get ready to pay more for your dream car Economic Times
Economic Times
all 6 news articles

Merrill, Goldman Among Firms Starting Muni Credit Default Index - Bloomberg

Merrill, Goldman Among Firms Starting Muni Credit Default Index
Bloomberg - 17 hours ago
Markit said banks last month shelved plans for indexes intended to allow investors to speculate on the $200 billion market for bonds backed by US auto loans …

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Bad credit

Tuesday, April 29th, 2008

Pandit's `Closer to End' Means No Escaping LBO Loans (Update2) - Bloomberg

Pandit's `Closer to End' Means No Escaping LBO Loans (Update2)
Bloomberg - 1 hour ago
By offering to finance the sales, banks can receive higher prices for the loans. Deutsche Bank sold loans for about 90 cents on the dollar, according to …
Schwarzman, Kravis Cash Pile Grows With Risk of Reduced Returns Bloomberg
all 2 news articles

Rising interest rates and low interest employer loans - Namibian

Rising interest rates and low interest employer loans
Namibian, Namibia - 4 hours ago
Low-interest loans granted by the employer to the employee are specifically dealt with in this notice. In essence the difference between what is referred to …

Lenders squeeze profits from personal loans - Times Online


MyFinances.co.uk
Lenders squeeze profits from personal loans
Times Online, UK - 2 hours ago
Since the beginning of the year more than half of lenders offering personal loans have made changes to their rates.” Black Horse has increased rates for …
Credit crunch hits personal loans Bridging and Commerical
Personal loans bitten by credit crunch MyFinances.co.uk
Lenders continue to up rates on loans London Stock Exchange
Fair Investment Company
all 7 news articles

North Valley Bancorp Reports Results for Quarter Ended March 31, 2008 - CNNMoney.com


Business Wire (press release)
North Valley Bancorp Reports Results for Quarter Ended March 31, 2008
CNNMoney.com - 1 hour ago
When compared to December 31, 2007, total assets decreased slightly from $949019000, while loans increased by $4335000, or 0.6%, from $746253000 and …
Tennessee Commerce Bancorp Reports Record First Quarter Assets … Business Wire (press release)
BankAtlantic Bancorp Reports Financial Results For the First … WELT ONLINE
Beach Business Bank Reports Earnings for the Quarter CNNMoney.com
WELT ONLINE - CNNMoney.com
all 106 news articles

BoCom First-Quarter Profit Doubles on Loans, Fees (Update2) - Bloomberg


Thanh Nien Daily
BoCom First-Quarter Profit Doubles on Loans, Fees (Update2)
Bloomberg - 3 hours ago
It also expanded outstanding loans 6.3 percent in the period as China's economy grew at more than 10 percent for nine straight quarters. …
BOC net gains from loans and lower tax Shanghai Daily
ICBC quarterly net income rises 77% to $4.74 billion MarketWatch
Bank of China profit soars 85 percent in first quarter International Herald Tribune
Bloomberg
all 229 news articles

Consolidating student loans at a lower rate gets tougher - USA Today


Washington Post
Consolidating student loans at a lower rate gets tougher
USA Today - 11 hours ago
But graduates who boast about the great deals they got on their federal student loans probably aren't exaggerating. As recently as three years ago, …
Economic shifts complicate college loans Daily Hampshire Gazette (subscription)
Lower rates make consolidation of federal education loans look … Chicago Tribune
Hillary Clinton’s Plan to Address the Student Loan Crisis All American Patriots (press release)
Washington Post - San Francisco Chronicle
all 15 news articles

No Bailout for Student Loans, No Taxpayer Risk - Wall Street Journal


Washington Post
No Bailout for Student Loans, No Taxpayer Risk
Wall Street Journal - 9 hours ago
Last year, by reducing excessive subsidies to lenders, we were able to help millions of students receive cheaper federal loans, increased grant aid, …
Video: Bush Prods Congress on Student Loan Bill AssociatedPress

Federal help needed for student loans The Heights (subscription)
Bush Urges Expanded Government Role in Buying Student Loans Bloomberg
Washington Times - Wheeling News Register
all 227 news articles

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Personal loans

Tuesday, April 29th, 2008

HBOS warns securitization to stay shut in 2008 - Reuters

HBOS warns securitization to stay shut in 2008
Reuters - 2 hours ago
Securitization has been a key route for banks to offload exposure to consumer loans such as mortgages, credit card debt and auto loans, freeing up their …

GMAC 1Q loss widens on declining auto finance income - The Associated Press

GMAC 1Q loss widens on declining auto finance income
The Associated Press - 30 minutes ago
ResCap lost $682.5 million on the sale of international mortgage loans during the quarter. The lender is restructuring international operations to improve …

Stocks: Ready for Better Times? - BusinessWeek


BusinessWeek
Stocks: Ready for Better Times?
BusinessWeek - 10 hours ago
… more big losses are still possible not just from subprime mortgages, but home-equity loans, credit cards, auto loans, and many other forms of credit. …

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Personal loans

Tuesday, April 29th, 2008

Guaranty Financial Group loses $10 million in 1Q - CNNMoney.com

Guaranty Financial Group loses $10 million in 1Q
CNNMoney.com - 1 hour ago
Bad credit pinched the income from the bank's $10.1 billion loan portfolio. Guaranty Financial set aside $58 million to cover loans the bank does not expect …

Pacific Capital still expects increase in profit in '08 - CNNMoney.com

Pacific Capital still expects increase in profit in '08
CNNMoney.com - 1 hour ago
The tax loans are doing well, but the core banking business is suffering from bad loans to homebuilders. The bank expects it will need to maintain a hefty …
Pacific Capital 1Q profit rises on tax-refund loan products CNNMoney.com
all 12 news articles

$900M loss and more bad loans - Countrywide - CNNMoney.com


CNNMoney.com
$900M loss and more bad loans - Countrywide
CNNMoney.com - 17 minutes ago
During the quarter, the company said it was forced to set aside an additional $1 billion for credit losses. In a sign of just how bad things have gotten, …

Student loans: The latest credit crisis - Arizona Daily Wildcat

Student loans: The latest credit crisis
Arizona Daily Wildcat, AZ - 5 hours ago
… on top of the request - earlier this month, they passed a bill that would give the US Department of Education broad new authority to buy up bad loans.

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Loans

Monday, April 28th, 2008

Personal loans bitten by credit crunch - MyFinances.co.uk


MyFinances.co.uk
Personal loans bitten by credit crunch
MyFinances.co.uk, UK - 3 hours ago
Interest rates on personal loans are following mortgages as the credit crunch starts to squeeze all borrowers. In the last two week a number of firms have …
Lenders continue to up rates on loans London Stock Exchange
all 2 news articles

You may not get a loan for that laptop - Sify

You may not get a loan for that laptop
Sify, India - 7 hours ago
Like in most credit cards, these personal loans also have a free credit period of around 45-50 days. After that the repayment EMIs start. …
ICICI Bank shutters consumer loans unit Sify
all 4 news articles

Has the Financial Industry's Heyday Come and Gone? - Wall Street Journal

Has the Financial Industry's Heyday Come and Gone?
Wall Street Journal - 13 hours ago
In the first quarter, profit from GE's financial businesses, which extend credit from personal loans to factory purchases, represented 56% of profit. …

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Loans

Monday, April 28th, 2008

ICICI Bank shutters consumer loans unit - Sify

ICICI Bank shutters consumer loans unit
Sify, India - 14 hours ago
Only 2-3% of ICICI's loans, for example, are given to buy consumer durables, compared with 50% for home loans, 30% to auto loans and 17% for personal loans. …

Instant Auto Loans - Fast Ride for Your Vision - Best Syndication


Best Syndication
Instant Auto Loans - Fast Ride for Your Vision
Best Syndication, CA - Apr 25, 2008
Why to take such tension if instant auto loans are ready to give the car money at any time. The only thing you have to do is to sit in front of computer and …

Community banks note higher earnings - Buffalo News

Community banks note higher earnings
Buffalo News,  United States - 7 hours ago
loans and a 32.3 percent jump in indirect auto loans. Commercial real estate, agricultural and consumer direct and home equity loans fell. …

Online Auto Loans No Credit Check – Your Vision Drives - Best Syndication


Best Syndication
Online Auto Loans No Credit Check – Your Vision Drives
Best Syndication, CA - Apr 25, 2008
Mainly auto loans are taken for fulfilling various automotive needs. Want an auto loan immediately and don't want anyone to check your credit history. …
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Loans

Sunday, April 27th, 2008

New mortgage loans rise 12.3% in HK - Xinhua

New mortgage loans rise 12.3% in HK
Xinhua, China - Apr 25, 2008
HONG KONG, April 25 (Xinhua) — Hong Kong's new mortgage loans drawn down in March rose 12.3 percent to 20.6 billion HK dollars ( 2.65 billion US dollars), …
Monetary chief: Yuan deposit surge no threat to Hong Kong dollar Xinhua
all 6 news articles

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Bad credit

Saturday, April 26th, 2008

New mortgage loans rise 12.3% in HK - Xinhua

New mortgage loans rise 12.3% in HK
Xinhua, China - Apr 25, 2008
HONG KONG, April 25 (Xinhua) — Hong Kong's new mortgage loans drawn down in March rose 12.3 percent to 20.6 billion HK dollars ( 2.65 billion US dollars), …

Hong Kong March new mortgage loan approvals up 5.2 pct mth-on-mth - Forbes

Hong Kong March new mortgage loan approvals up 5.2 pct mth-on-mth
Forbes, NY - Apr 25, 2008
HONG KONG (XFN-ASIA) - New mortgage loans approved by 23 authorized institutions in Hong Kong in March stood at 24.7 bln hkd, up 5.2 pct from February, …

Goldman Sachs mortgage head Dan Sparks quits - MarketWatch


Pravda
Goldman Sachs mortgage head Dan Sparks quits
MarketWatch - 3 hours ago
… quarter filings for 2007, Goldman said "significant losses in non-prime loans and securities were more than offset by gains on short mortgage positions. …
Goldman Mortgage Head Leaves Wall Street Journal
Top Mortgage Executive Is Leaving Goldman Sachs New York Times
Goldman Mortgage Trading Chief Sparks to Leave, Spokesman Says Bloomberg
Bloomberg
all 24 news articles

Capital Source: Analysis and Valuation - Seeking Alpha

Capital Source: Analysis and Valuation
Seeking Alpha, NY - Apr 25, 2008
The Commercial Finance segment originates Senior Secured Loans secured by a clients assets or cash flow, First Mortgage Loans on various commercial real …

Independent Bank Corporation Q1 2008 Earnings Call Transcript - Seeking Alpha


Earthtimes
Independent Bank Corporation Q1 2008 Earnings Call Transcript
Seeking Alpha, NY - Apr 25, 2008
Conversely the VISA IPO fair value election on loans helped for sale SAB 109 implementation for commitments to originate mortgage loans and the released of …
MFB Corp. Announces Second Quarter, Year to Date Earnings Primenewswire (press release)
Access National Reports Earnings WELT ONLINE
Independent Bank Corporation Reports First Quarter 2008 Results Earthtimes (press release)
PR Newswire (press release) - CNNMoney.com
all 721 news articles

Bush administration "strongly opposes" Frank's plan, calls bill a … - CNN


CNNMoney.com
Bush administration "strongly opposes" Frank's plan, calls bill a …
CNN - 9 hours ago
"There are people who made loans that should not have been made; there are some people that were wrong to take the loans out, some wrong to make the loans. …
UPDATE 1-US mortgage bailout plan sparks debate on tax onus Reuters
Real Estate Jakson Time
House panel backs legal protections for mortgage firms Houston Chronicle
Forbes - The Associated Press
all 191 news articles

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Loans

Friday, April 25th, 2008

Banorte First-Quarter Net Rises 16% on Loans to Poor (Update2) - Bloomberg

Banorte First-Quarter Net Rises 16% on Loans to Poor (Update2)
Bloomberg - 17 hours ago
Non-performing loans jumped 39 percent to 3.19 billion pesos as the bank extended credit to poorer Mexicans. Bad loans equal 1.6 percent of the bank's …

High & Low Finance Where the Fingers Are Pointing - New York Times


Bond Buyer (subscription)
High & Low Finance Where the Fingers Are Pointing
New York Times, United States - 10 hours ago
By FLOYD NORRIS When money managers make good investments, they are happy to take credit for brilliance. When they make bad investments, they would rather …
SEC's Cox Talks on New Transparency Rules Bond Buyer (subscription)
all 83 news articles

unsecured loans for people with bad credit - www … - PR-USA.net (press release)

unsecured loans for people with bad credit - www …
PR-USA.net (press release), Bulgaria - 4 hours ago
It is a good idea to have information through discussion from the people who have already obtained the unsecured bad credit loans. …

Payday Loans UK: Offer Quick Cash - Best Syndication


Best Syndication
Payday Loans UK: Offer Quick Cash
Best Syndication, CA - 23 hours ago
She is currently working with Bad Credit Payday Loan as a financial advisor. To find payday loans UK, speedy payday loans, bad credit payday loans, …

Credit Suisse rises on risk clean-up - The Australian

Credit Suisse rises on risk clean-up
The Australian, Australia - 18 hours ago
However, the bank's shares rose despite the spate of bad news because it had aggressively trimmed exposure in risky areas such as leveraged loans used for …
Credit Suisse Q1 write-downs of $5.3B drives $2.1B loss The Associated Press
Credit Suisse Swings to a Loss TheStreet.com
Memo Credit Suisse: banks for the memories The Age
The Canadian Press - Marketplace
all 351 news articles

Bad Credit Loans: Provide Fund For Your Need - Best Syndication


Best Syndication
Bad Credit Loans: Provide Fund For Your Need
Best Syndication, CA - 23 hours ago
He is working as financial consultant in Chance For Loans. To find bad credit loans, debt consolidation loans, debtconsolidation loan, cheap rates, …
Bad Credit Car Loans: Bad Credit can Not Hold the Steering of Your … Best Syndication
Bad Credit Unsecured Personal Loans – Shed Worries For Small … Best Syndication
Bad Debt Secured Personal Loan: Allay The Fret Of Bad Credit Best Syndication
Best Syndication - Best Syndication
all 19 news articles

Why student loan business turned bad - CNNMoney.com

Why student loan business turned bad
CNNMoney.com - 35 minutes ago
Few borrowers defaulted and the federal government backed the loans if they did. Investors snapped up securities based on these loans, giving lenders a …

Review cautions on bad bank loans - Business Report

Review cautions on bad bank loans
Business Report, South Africa - 13 hours ago
One is the share of mortgage advances in private sector credit, "which suggests that the banking sector can be unduly exposed to the real estate market". …

AmeriCredit fiscal 3Q profit tumbles on bad loans - Forbes

AmeriCredit fiscal 3Q profit tumbles on bad loans
Forbes, NY - 19 hours ago
s profit plunged 63 percent in the fiscal third quarter as bad credit continued to eat into the car lender's portfolio of loans, the company said Thursday. …
AmeriCredit profits falls 63 percent Bizjournals.com
UPDATE 1-AmeriCredit's Q3 profit falls 63 pct Reuters
all 19 news articles

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