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Archive for September, 2008

Personal loans

Friday, September 26th, 2008

Brazil Lending Growth to Slow as Credit Crunch Widens (Update2) - Bloomberg

Brazil Lending Growth to Slow as Credit Crunch Widens (Update2)
Bloomberg - 1 hour ago
… from 39.4 percent in July, the central bank said. The default rate on personal loans increased to 7.5 percent from 7.3 percent in the previous month.

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Loans

Thursday, September 25th, 2008

Economic Memo Credit Enters a Lockdown - New York Times

Voice of America

Economic Memo Credit Enters a Lockdown
New York Times, United States - 1 hour ago
“Loans are basically frozen due to the credit crisis,” said Vicki Sanger, who is now leaning on personal credit cards bearing double-digit interest rates to …
Video: Bernanke Warns Congress of Possible Recession AssociatedPress

Alarms sounded in push for $700 billion bailout The Miami Herald
all 587 news articles

The Crisis and Your Pocketbook - Washington Post

The Crisis and Your Pocketbook
Washington Post, United States - 2 hours ago
They took out two loans. The first covered 80 percent of the cost of the home, and the second covered the balance, or at least part of it. …

HSBC launches DM campaign to promote loans - Marketing Week

HSBC launches DM campaign to promote loans
Marketing Week, UK - 18 hours ago
HSBC is launching a direct marketing campaign this week to promote its personal loan service to existing customers. The ads take on a fairy tale theme as …

SBA Stands Ready to Assist Indiana Residents Affected by Severe … - MarketWatch

Miami Daily Business Review

SBA Stands Ready to Assist Indiana Residents Affected by Severe …
MarketWatch - 14 hours ago
The disaster declaration covers LaPorte, Lake and Porter counties in Indiana which are eligible for both Physical and Economic Injury Disaster Loans from …
Program offers loans to residents with losses Houston Chronicle
Special Notice about SBA Disaster Loans for Small Businesses The Tribune
SBA officials promote programs Houma Courier
Laconia Citizen - Business Wire (press release)
all 112 news articles

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Loans

Thursday, September 25th, 2008

Auto loans included in must-pass spending bill - Reuters

Washington Times

Auto loans included in must-pass spending bill
Reuters - Sep 23, 2008
By Andy Sullivan WASHINGTON (Reuters) - A mammoth spending bill to keep the US government running through March will include a $25 billion loan guarantee …
House budget plan would fund auto industry loans Chicago Tribune
US House committee chair: $25B in loans to auto industry make it in Detroit Free Press
House OKs stopgap to keep government afloat Washington Times
Milwaukee Journal Sentinel - Bloomberg
all 45 news articles

Auto company loans pass House - Detroit Free Press

Washington Times

Auto company loans pass House
Detroit Free Press, United States - 9 hours ago
BY JUSTIN HYDE • FREE PRESS WASHINGTON STAFF • September 25, 2008 WASHINGTON — The US House on Wednesday approved $25 billion in loans for the troubled US …
UPDATE 2-US automakers clear big hurdle for $25 bln in loans Reuters UK
House passes $25-billion loan package for auto industry Los Angeles Times
Auto-Maker Loans Advance Wall Street Journal
MLive.com - Financial Times
all 235 news articles

Reserve Bank not to blame for our sub-prime battlers - The Australian

AFP

Reserve Bank not to blame for our sub-prime battlers
The Australian, Australia - 2 hours ago
And nearly all of these loans to borrowers with poor credit histories have been made by non-bank lenders. But 8.5 per cent of these non-conforming loans are …
Mortgage suffering: the suburbs on the edge Sydney Morning Herald
Australia coping with global financial turmoil: central bank AFP
Australia surviving financial storm The Age
The Press Association - Melbourne Herald Sun
all 303 news articles

Bailout dilemma: How hard to squeeze the banks on loans? - Los Angeles Times

Telegraph.co.uk

Bailout dilemma: How hard to squeeze the banks on loans?
Los Angeles Times, CA - 23 hours ago
At least he’s being honest: This bailout program is all about getting the most cash possible to the banks, relieving them of lemon loans they made or bought …
The Hidden Cost of Government Bailouts findingDulcinea
Bailout's Auctions Could Isolate Worst-Hit Banks CNNMoney.com
But questions abound over a $700 billion rescue plan for Wall Street Economist
Bloomberg - Foreign Policy (subscription)
all 232 news articles

Program offers loans to residents with losses - Houston Chronicle

Miami Daily Business Review

Program offers loans to residents with losses
Houston Chronicle, United States - 10 hours ago
The low-interest loans are available to homeowners, renters, nonprofits and businesses of all sizes that have been affected by a disaster. …
SBA Stands Ready to Assist Indiana Residents Affected by Severe … MarketWatch
Low-interest loans available for businesses, homeowners with storm … Beaumont Enterprise
SBA’s Deadline for Physical Damage Disaster Loan Applications is … Business Wire (press release)
Miami Daily Business Review - MarketWatch
all 101 news articles

Lawmakers to Seek $25 Billion More in GM, Ford, Chrysler Loans - Bloomberg

Lawmakers to Seek $25 Billion More in GM, Ford, Chrysler Loans
Bloomberg - 23 hours ago
24 (Bloomberg) — US lawmakers from Michigan said they will seek $25 billion more in US loans for General Motors Corp., Ford Motor Co. and Chrysler LLC as a …
House approves $25 billion loan to automakers Bizjournals.com
GM, Ford, Chrysler Assistance Included in Draft Spending Bill Bloomberg
all 8 news articles

Countrywide Made Home Loans to Gorelick, Mudd - Wall Street Journal

Wall Street Journal

Countrywide Made Home Loans to Gorelick, Mudd
Wall Street Journal - 11 hours ago
By GLENN R. SIMPSON Countrywide Financial Corp., the biggest US mortgage lender, made large, previously undisclosed home loans to two additional executives …
Countrywide lent money to Fannie, Freddie executives BloggingStocks
all 2 news articles

Norway c.bank allots $5.4 bln in 3-month F-loans - Forbes

Norway c.bank allots $5.4 bln in 3-month F-loans
Forbes, NY - 15 minutes ago
OSLO, Sept 25 (Reuters) - Norway's central bank said it allotted 30 billion Norwegian crowns ($5.35 billion) of three-month crown-denominated F-loan …

More General Growth execs sell shrs to cover loans - Reuters

More General Growth execs sell shrs to cover loans
Reuters - 17 hours ago
N sold shares to cover margin loans, less than a week after six other directors did the same, according to regulatory filings. Alexander Berman, senior vice …

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Personal loans

Thursday, September 25th, 2008

Countrywide Made Home Loans to Gorelick, Mudd - Wall Street Journal

Wall Street Journal

Countrywide Made Home Loans to Gorelick, Mudd
Wall Street Journal - 11 hours ago
The US financial system buckled this month under the weight of hundreds of billions in mortgage loans to borrowers who can't pay them back. …
Countrywide lent money to Fannie, Freddie executives BloggingStocks
all 2 news articles

Crisis strategy in place for banks - The Australian

AFP

Crisis strategy in place for banks
The Australian, Australia - 1 hour ago
The RBA and APRA have already asked the banks to package together mortgage loans into securities that could be given to the Reserve Bank as collateral for …
Mortgage suffering: the suburbs on the edge Sydney Morning Herald
Australia's finances 'fairly sound' The Press Association
Reserve Bank not to blame for our sub-prime battlers The Australian
Sydney Morning Herald - The Australian
all 303 news articles

Mortgage rates jump in wake of bailout plan - MarketWatch

Mortgage rates jump in wake of bailout plan
MarketWatch - 1 hour ago
By Amy Hoak, MarketWatch CHICAGO (MarketWatch) — Mortgage rates changed course and rose this week after several consecutive weeks of decline, according to …
Mortgage Rates Rise Amid Economic Turmoil Housing Wire
A brighter spot in the financial gloom Philadelphia Inquirer
all 30 news articles

Former mortgage loan officer pleads guilty to fraud scheme - Honolulu Advertiser

Former mortgage loan officer pleads guilty to fraud scheme
Honolulu Advertiser, HI - 5 hours ago
At the request of the prosecutor, Assistant US Attorney Clare Connors, Chang barred Galacgac from employment in the mortgage loan business while awaiting …

Wall Street Crisis: Stephen Schwarzman Explains It All - Wall Street Journal Blogs

Wall Street Journal Blogs

Wall Street Crisis: Stephen Schwarzman Explains It All
Wall Street Journal Blogs, NY - 9 hours ago
1999 states that Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income …
Is this the right time to refinance? Chicago Tribune
Ginnie Mae doing well due to US guarantees Pittsburgh Post Gazette
all 5 news articles

Pricing mortgage-backed securities will be tough - USA Today

Wall Street Journal

Pricing mortgage-backed securities will be tough
USA Today - Sep 23, 2008
The delinquency rate on mortgage loans finished the second quarter at 6.4%, and the foreclosure rate was 2.75%, according to the latest data available from …
Bailout a mystery with lots of questions International Herald Tribune
Critics question bailout Inman.com
Paulson plan throws oil on fire Asia Times Online
Chicago Tribune - Christian Science Monitor
all 2,094 news articles

Leading Mortgage Loan Servicing Company Adds to Its Technology Edge - MarketWatch

Leading Mortgage Loan Servicing Company Adds to Its Technology Edge
MarketWatch - Sep 23, 2008
Ocwen Financial Corporation is a leading business process outsourcing provider to the financial services industry, specializing in loan servicing, mortgage …

Four reverse mortgage sellers told: Cease and desist - Boston Globe

Four reverse mortgage sellers told: Cease and desist
Boston Globe, United States - 18 hours ago
Of the actions taken today, three were against licensed mortgage lenders for making reverse mortgage loans to Massachusetts seniors without an approved plan …
4 lenders must stop reverse mortgages Boston Globe
all 2 news articles

The Paulson Plan Will Make Money for Taxpayers - Wall Street Journal

The Paulson Plan Will Make Money for Taxpayers
Wall Street Journal - 12 hours ago
So investment banks took their enormous capital and at first packaged yield-enhanced, subprime mortgage loans into complex derivatives such as …
Goldman's Revolving Door: Enter Paulson's Pig (in Lipstick) Huffington Post
Hank Paulson's Countdown to Armageddon How the Chicken Little … Reason Online
Is it safe to trust a Wall Street veteran with a Wall Street bailout? The Miami Herald
Workers World - Minnesota Independent
all 280 news articles

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Bad credit

Wednesday, September 24th, 2008

SBA’s Deadline for Physical Damage Disaster Loan Applications is … - Business Wire (press release)

SBA’s Deadline for Physical Damage Disaster Loan Applications is …
Business Wire (press release), CA - 6 hours ago
Homeowners and renters are eligible for loans up to $40000 to replace personal property such as furniture, appliances and clothing. Loans to businesses and …
Flea market fire victims can apply for loans Charleston Gazette
SBA Offers Disaster Assistance to West Virginia Residents Affected … MarketWatch
Getting disaster help from SBA Anahuac Progress
Business Wire (press release)
all 63 news articles

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Personal loans

Wednesday, September 24th, 2008

Ask the auto loan guru - YourHub.com

Ask the auto loan guru
YourHub.com, CO - 4 hours ago
While you often can be granted an auto loan or other credit with a lower score, a higher score frequently can result in a lower interest rate. …

Campaigns joust on auto loan guarantee - DetNews.com

ABC News

Campaigns joust on auto loan guarantee
DetNews.com, MI - 20 hours ago
The ad points out that McCain declined to support the auto loan guarantees earlier this summer before changing his position. US Rep. …
Valley needs to hear specifics from presidential candidates Youngstown Vindicator
all 984 news articles

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Personal loans

Wednesday, September 24th, 2008

Pricing mortgage-backed securities will be tough - USA Today

Pricing mortgage-backed securities will be tough
USA Today - 12 hours ago
The delinquency rate on mortgage loans finished the second quarter at 6.4%, and the foreclosure rate was 2.75%, according to the latest data available from …

Paulson Plan Seeks Value for Mortgages That Eluded Bear, Lehman - Bloomberg

Paulson Plan Seeks Value for Mortgages That Eluded Bear, Lehman
Bloomberg - 9 hours ago
11 report, the Washington-based Mortgage Bankers Association estimated that 20 percent fewer residential mortgage loans would be made this year than in 2007 …

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Bad credit

Wednesday, September 24th, 2008

The bigger credit crisis is with the government - Palm Beach Post

Computerworld

The bigger credit crisis is with the government
Palm Beach Post, United States - 13 hours ago
When credit dries up, so does the economy. How many people buy homes or cars with cash? So put those bad loans on the financial system clearance rack, …
Non-profits wary of mortgage lenders takeover FinalCall.com
Financial Bailout: Will It Work? Builder Magazine
The Economic Recovery Plan American Spectator
Media Matters for America - WorldNetDaily
all 848 news articles

Auto lenders push to add car loan debts to bailout - Detroit Free Press

Auto lenders push to add car loan debts to bailout
Detroit Free Press, United States - 10 hours ago
By boosting the market for such debt, Paulson said he hopes to reset the financial system, taking out the bad loans and getting banks to begin lending again …

Q&A: The Credit Crisis–Part 1 of 2 - Eat the State

Q&A: The Credit Crisis–Part 1 of 2
Eat the State - 2 hours ago
2007, nobody knew how bad the problem was or how long it would take all the bad loans to come due. In fact, today we still don't know the depth of the …

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Loans

Wednesday, September 24th, 2008

More People Aren't Paying Auto Loans - WMDT

More People Aren't Paying Auto Loans
WMDT, MD - 20 hours ago
More and more auto loans aren't being paid. According to TransUnion, the number of delinquent auto loans rose 12 percent, compared to last year. …

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Bad credit

Wednesday, September 24th, 2008

FDIC Selects DebtX to Sell $424 Million in Loans - MarketWatch

FDIC Selects DebtX to Sell $424 Million in Loans
MarketWatch - 5 hours ago
BOSTON, Sept 24, 2008 /PRNewswire via COMTEX/ — DebtX, the largest online marketplace for commercial loans, today announced it has been engaged by the …

Efforts to Insulate Federal Student Loans From Credit Crisis … - MarketWatch

Efforts to Insulate Federal Student Loans From Credit Crisis …
MarketWatch - Sep 23, 2008
During the past year, over 100 lenders exited the Federal Family Education Loan (FFEL) program, and many others restricted lending to students at certain …
Congress Approves Student Loan Bill WMDT
Congress sends student loan extension to Bush International Herald Tribune
all 169 news articles

Recent college grads say loans driving careers - Bizjournals.com

Recent college grads say loans driving careers
Bizjournals.com, NC - 1 hour ago
The mountain of student loan debt the average college student graduates with is making those students re-consider their career path in school. …
Half of College Students Polled Would Choose Salary Over Career … Business Wire (press release)
all 11 news articles

First Priority loans to be sold by DebtX - Bizjournals.com

First Priority loans to be sold by DebtX
Bizjournals.com, NC - 6 hours ago
An online marketplace will offer $154 million in loans that belonged to the now-defunct First Priority Bank of Bradenton. The Federal Deposit Insurance …

Lawmakers cheer success on $25 billion auto loan push - Detroit Free Press

Lawmakers cheer success on $25 billion auto loan push
Detroit Free Press, United States - 18 minutes ago
By Justin Hyde • Free Press Washington Staff • September 24, 2008 WASHINGTON – Michigan lawmakers hailed the imminent passage of $25 billion in loans for …

Bailout dilemma: How hard to squeeze the banks on loans? - Los Angeles Times

Bailout dilemma: How hard to squeeze the banks on loans?
Los Angeles Times, CA - 1 hour ago
At least he’s being honest: This bailout program is all about getting the most cash possible to the banks, relieving them of lemon loans they made or bought …

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Archive for September, 2008

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