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Archive for October, 2008

Loans

Monday, October 27th, 2008

Bankruptcy Fears Rise As Chrysler, GM Seek Federal Aid - Wall Street Journal

Bankruptcy Fears Rise As Chrysler, GM Seek Federal Aid
Wall Street Journal - 15 hours ago
It is unclear whether they would do the same for auto makers. A third option would be using the Troubled Asset Relief Program to buy up troubled auto loans
GM, Chrysler seek cash for marriage as bankruptcy looms The Australian
GM to Cut More Jobs, Suspend Savings-Plan Payments (Update1) Bloomberg
Follow the Money CFO.com Magazine
all 24 news articles

UAW Chief Wants More Government Loans for Automakers - MotorTrend Magazine

UAW Chief Wants More Government Loans for Automakers
MotorTrend Magazine - Oct 24, 2008
He also thinks the government should inject money into the Detroit Three's financing arms to increase the availability of auto loans to consumers.
Looking for Mr. Goodfellow Automotive News
all 2 news articles

McCain cautious on auto industry bailout - Reuters

McCain cautious on auto industry bailout
Reuters - 3 hours ago
That financing might not be available to the auto industry for several months as federal regulators write the rules for the loans. The industry and Michigan
McCain: Fund projects before giving more auto aid Chicago Tribune
Obama, McCain Battle Over Auto Industry’s Troubles U.S. News Rankings & Reviews
all 54 news articles

McCain: Hold off on more aid to auto industry - BusinessWeek

McCain: Hold off on more aid to auto industry
BusinessWeek - 20 hours ago
McCain, in an interview on NBC's "Meet the Press," noted that Congress had recently approved $25 billion in low-interest loans to help the auto industry

UPDATE:White House:Auto Finance Arms May Be Eligible For TARP - CNNMoney.com

UPDATE:White House:Auto Finance Arms May Be Eligible For TARP
CNNMoney.com - 2 hours ago
Perino, briefing reporters, said the Bush administration is working "as quickly as we possibly can" to release $25 billion in recently approved loans to the
White House says auto finance arms may get bailout: reports MarketWatch
Automaker finance arms could apply for aid: White House Reuters
Car-Financing Arms May Get Piece of TARP, White House Says Wall Street Journal Blogs
Whitehouse.gov (press release) - CNN
all 32 news articles

Treasury working on aid for GM, Chrysler merger - Reuters


Reuters
Treasury working on aid for GM, Chrysler merger
Reuters - 22 minutes ago
The Treasury Department is considering aid of at least $5 billion, which could include direct capital injections and government purchases of auto loans,
GM-Chrysler Merger Prospect Clouds Chrysler Financial Future Ward’s Auto (subscription)
GM Said to Seek Treasury Aid in Chrysler Merger Talks (Update2) Bloomberg
GM/Chrysler mull job-sparing deal for US aid guardian.co.uk
U.S. News & World Report - New Zealand Herald
all 1,094 news articles

Car loans rise as RP auto industry grows - GMA news.tv

Car loans rise as RP auto industry grows
GMA news.tv, Philippines - Oct 24, 2008
Auto loans are now classified as car loans to individuals for consumption purposes against an earlier classification which combines car loans to individuals

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Personal loans

Monday, October 27th, 2008

Now it's personal: welcome to the bad times - Sydney Morning Herald

Now it's personal: welcome to the bad times
Sydney Morning Herald, Australia - 12 hours ago
But if you insist on doing something, find a cheaper home loan - see the accompanying case study. The banks are getting stricter - this is a credit crisis

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Loans

Monday, October 27th, 2008

Smart shopping key to getting that car loan - Detroit Free Press

Smart shopping key to getting that car loan
Detroit Free Press, United States - Oct 26, 2008
s credit arm, GMAC, won't even make a car loan to a consumer who does not have a score of 700 or better. GMAC also is pulling back from doing new-car loans

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Loans

Monday, October 27th, 2008

Let's Use Fannie to Clean Up the Mess It Made - Wall Street Journal


Sify
Let's Use Fannie to Clean Up the Mess It Made
Wall Street Journal - Oct 24, 2008
Up to now, all programs that have been advanced to address the problem of mortgage defaults have relied on renegotiation of mortgage loans,
Op-Ed Contributors Poor Homeowners, Good Loans New York Times
Bailout doesn't curb all credit woes Inside Bay Area
Lenders: Keep the limits on loans up Seattle Times
Columbia Daily Tribune - PC The Cowl (subscription)
all 1,133 news articles

Column: Abortion, mortgage mess key issues - The Tomah Journal


WELT ONLINE
Column: Abortion, mortgage mess key issues
The Tomah Journal, WI - 14 hours ago
I read recently of a far more sensible plan (too lengthy to go into much detail here) whereby the government would identify all the mortgage loans in
CQ Transcript: Obama Adviser Robert Rubin and McCain Adviser CQPolitics.com
all 2,373 news articles

If the GOP Had Listened to ACORN's Advice, the Mortgage Industry … - AlterNet

If the GOP Had Listened to ACORN's Advice, the Mortgage Industry
AlterNet, CA - 7 hours ago
When Congress enacted the CRA in 1977, the vast majority of all mortgage loans were made by lenders regulated by the law. In 2006 only about 43 percent of

Monarch Community Bancorp, Inc. Announces Third Quarter Earnings - MarketWatch


India Infoline.com
Monarch Community Bancorp, Inc. Announces Third Quarter Earnings
MarketWatch - Oct 24, 2008
While there was an upsurge of mortgage loans originated for sale in the secondary market in the first two quarters of the year, the Bank has seen a decline
First Financial Holdings, Inc. Announces Fourth Quarter and Fiscal Earthtimes (press release)
First Mariner Reports 3rd Quarter Results MarketWatch
Union Bankshares Corporation Reports Earnings MarketWatch
MarketWatch - MarketWatch
all 581 news articles

Which candidate’s plan would best ease the mortgage crisis? - Christian Science Monitor


The Associated Press
Which candidate’s plan would best ease the mortgage crisis?
Christian Science Monitor, MA - 18 hours ago
Wall Street spliced and diced many of these bad loans and sold the pieces. Any given mortgage might have dozens of investors, any one of whom could sue the
Other woes makes foreclosure crisis hard to break The Associated Press
Which candidate's plan would best ease the mortgage crisis? AXcess News
McCain, Obama split on how to rescue mortgages Seattle Post Intelligencer
all 195 news articles

Reverse mortgages get a boost from Uncle Sam - Christian Science Monitor

Reverse mortgages get a boost from Uncle Sam
Christian Science Monitor, MA - 22 hours ago
Reverse mortgage loans are based on a person's home as collateral, not on their income or creditworthiness. The loan can be obtained as a lump sum,
Reverse mortgages as a way forward Cape Cod Times
all 2 news articles

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Personal loans

Sunday, October 26th, 2008

November 2008 Mortgage Licensing Update - American Chronicle


American Chronicle
November 2008 Mortgage Licensing Update
American Chronicle, CA - 8 hours ago
As of January 1, 2009, Loan Originator must be licensed to originate mortgage loans. Prior to that date, Michigan only required Loan Originators to be w-2

US weighing troubled mortgage loan guarantees - Reuters


The Associated Press
US weighing troubled mortgage loan guarantees
Reuters - Oct 23, 2008
WASHINGTON (Reuters) - US officials said on Thursday they were weighing the possibility of government guarantees for troubled mortgage loans to try to
FDIC boss touts mortgage-loan guarantees to help homeowners MiamiHerald.com
Other woes makes foreclosure crisis hard to break The Associated Press
IndyMac, FDIC are models for mortgage relief San Francisco Chronicle
CNNMoney.com - Reuters
all 796 news articles

Mortgage lending seized up in '07 - Cincinnati.com


Christian Science Monitor
Mortgage lending seized up in '07
Cincinnati.com, OH - 14 hours ago
Applications for mortgage loans declined by 18 percent last year as the unemployment rate crept up and people felt less secure in their finances.
Which candidate’s plan would best ease the mortgage crisis? Christian Science Monitor
all 2 news articles

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Personal loans

Sunday, October 26th, 2008

Gazprom doesn't need loans for investments-paper - Reuters


Reuters
Gazprom doesn't need loans for investments-paper
Reuters - 13 hours ago
MM: Quote, Profile, Research, Stock Buzz) has enough funds to complete this year's investments without resorting to loans, its deputy chairman Alexander
Bank shares tumble on recession worry Reuters
KeyCorp, Capital One to receive cash infusion: source Reuters
all 1,381 news articles

Other woes makes foreclosure crisis hard to break - The Associated Press


The Associated Press
Other woes makes foreclosure crisis hard to break
The Associated Press - 5 hours ago
Already, 23 percent of homeowners with a mortgage owe more on their loans than their homes are worth, and that figure is expected to rise to 28 percent by
IndyMac, FDIC are models for mortgage relief San Francisco Chronicle
The Mortgage Dilemma Washington Post
Help for Homeowners, at Last? New York Times
Christian Science Monitor - Homesgofast.com
all 796 news articles

Malaga Financial Corporation Reports 20% Increase in Third Quarter … - MarketWatch


Gulf Times
Malaga Financial Corporation Reports 20% Increase in Third Quarter
MarketWatch - Oct 24, 2008
Malaga had no delinquent loans or non-performing assets at September 30, 2008. The Company attributes this to its continued commitment to prudent and
Weststar Financial Services Corporation Reports Exceptional Growth MarketWatch
First National Bank of Northern California Reports Third Quarter MarketWatch
Plumas Bancorp Reports Third Quarter and Year to Date Earnings and MarketWatch
MarketWatch - MarketWatch
all 1,233 news articles

Student-loan consolidation is not a sure thing - Chicago Tribune

Student-loan consolidation is not a sure thing
Chicago Tribune, United States - 17 hours ago
But this year, one popular option–student loan consolidation–is harder to come by. Consolidation loans are a type of refinancing for student debt.

S.Korea c.bank OKs extension of FX loans, maturities - Forbes

S.Korea c.bank OKs extension of FX loans, maturities
Forbes, NY - 37 minutes ago
SEOUL, Oct 27 (Reuters) - South Korea's central bank said on Monday it would allow commercial banks to provide foreign currency loans to exporters to help
Trouble Without Borders New York Times
all 16 news articles

McCain: Hold off on more aid to auto industry - BusinessWeek

McCain: Hold off on more aid to auto industry
BusinessWeek - 1 hour ago
McCain, in an interview on NBC's "Meet the Press," noted that Congress had recently approved $25 billion in low-interest loans to help the auto industry
McCain cautious on US auto industry bailout Reuters
all 24 news articles

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Bad credit

Sunday, October 26th, 2008

World Bank to double loans to poor countries - Nikkei - Reuters


CTV.ca
World Bank to double loans to poor countries - Nikkei
Reuters - 16 hours ago
TOKYO, Oct 26 (Reuters) - The World Bank plans to increase loans to poor countries to make up for dwindling private fund flows to these economies,
World Bank To Offer Long-Term Loans To 10 Poor Countries In Asia RTT News
IMF mulls emergency lending plan National Post
IMF mulls credit-crisis loans for Europe The Daily Yomiuri
Washington Post - Bloomberg
all 1,210 news articles

McCain: Hold off on more aid to auto industry - BusinessWeek

McCain: Hold off on more aid to auto industry
BusinessWeek - 1 hour ago
McCain, in an interview on NBC's "Meet the Press," noted that Congress had recently approved $25 billion in low-interest loans to help the auto industry
McCain cautious on US auto industry bailout Reuters
all 24 news articles

Malaga Financial Corporation Reports 20% Increase in Third Quarter … - MarketWatch


Gulf Times
Malaga Financial Corporation Reports 20% Increase in Third Quarter
MarketWatch - Oct 24, 2008
Malaga had no delinquent loans or non-performing assets at September 30, 2008. The Company attributes this to its continued commitment to prudent and
Weststar Financial Services Corporation Reports Exceptional Growth MarketWatch
First National Bank of Northern California Reports Third Quarter MarketWatch
Plumas Bancorp Reports Third Quarter and Year to Date Earnings and MarketWatch
MarketWatch - MarketWatch
all 1,233 news articles

Other woes makes foreclosure crisis hard to break - The Associated Press


The Associated Press
Other woes makes foreclosure crisis hard to break
The Associated Press - 5 hours ago
Already, 23 percent of homeowners with a mortgage owe more on their loans than their homes are worth, and that figure is expected to rise to 28 percent by
IndyMac, FDIC are models for mortgage relief San Francisco Chronicle
The Mortgage Dilemma Washington Post
Help for Homeowners, at Last? New York Times
Christian Science Monitor - Homesgofast.com
all 796 news articles

Gazprom doesn't need loans for investments-paper - Reuters


Reuters
Gazprom doesn't need loans for investments-paper
Reuters - 13 hours ago
MM: Quote, Profile, Research, Stock Buzz) has enough funds to complete this year's investments without resorting to loans, its deputy chairman Alexander
Bank shares tumble on recession worry Reuters
KeyCorp, Capital One to receive cash infusion: source Reuters
all 1,381 news articles

IMF announces loans for Ukraine - The Associated Press


China Daily
IMF announces loans for Ukraine
The Associated Press - 1 hour ago
The decision to aid Ukraine came two days after the IMF announced it was supplying a $2 billion loan package to Iceland, whose banking system has collapsed
IMF Mulls Emergency Lending; Iceland Gets $2 Billion (Update1) Bloomberg
IMF Bails Out Ukraine Forbes
Ukraine reaches loan agreement with IMF International Herald Tribune
New York Times - Gulf Times
all 1,253 news articles

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Bad credit

Sunday, October 26th, 2008

Investors increasingly worry about global recession as world … - Business Mirror

Investors increasingly worry about global recession as world
Business Mirror, Philippines - 9 hours ago
The news was better in the credit markets, where interest rates on loans between banks dipped, indicating that credit markets continue to thaw,

THE QUARTERLY: Panel says Houston still avoiding economic brunt - Houston Chronicle

THE QUARTERLY: Panel says Houston still avoiding economic brunt
Houston Chronicle, United States - 4 hours ago
They're also lowering their customers' home equity lines of credit to reflect lower home values, he said. With loans harder to get, some business owners

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Bad credit

Saturday, October 25th, 2008

UNSECURED PERSONAL LOANS: Borrow Easily Without Collateral - Best Syndication


Best Syndication
UNSECURED PERSONAL LOANS: Borrow Easily Without Collateral
Best Syndication, CA - Oct 22, 2008
That is when you opt for unsecured personal loans which do not enforce the necessity of providing collateral. You may take unsecured personal loans to
Secured Self Employed Loans: Financial Aid for A Businessmen Best Syndication
all 2 news articles

Borrowers to get lessons in debt management - Business Standard

Borrowers to get lessons in debt management
Business Standard, India - Oct 24, 2008
Bank credit to housing, consumer durables and personal loans (including credit cards) in urban and metropolitan areas, which covered 8.71 million accounts

First Financial Service Corporation Announces Quarterly Results - WELT ONLINE


India Infoline.com
First Financial Service Corporation Announces Quarterly Results
WELT ONLINE, Germany - Oct 24, 2008
Credit quality metrics have improved as non-performing loans have decreased to 1.41% of total loans as of September 30, 2008 from 1.81% at June 30, 2008.
Western Alliance posts quarterly loss Las Vegas Review - Journal
RBI’s mid-term macroeconomic review India Infoline.com
Washington Banking Reports Third Quarter Earnings of $1.9 Million MarketWatch
Seeking Alpha - SYS-CON Media
all 672 news articles

Connecting the dots - Hindu

Connecting the dots
Hindu, India - 1 hour ago
Consumer loans have trickled down…you might have stopped getting those annoying tele-marketing calls for personal loans. Some bankers don’t even want to

Bankruptcies on the rise - San Jose Mercury News

Bankruptcies on the rise
San Jose Mercury News,  USA - 7 hours ago
Many of these bankruptcies are being filed by people who can no longer afford the home loans they took out during the housing boom. They file for personal

The strangest personal loans ever? - MSN Money UK

The strangest personal loans ever?
MSN Money UK, UK - Oct 23, 2008
No it's not a joke, it's evidence of the weird world of personal loans. While it's getting a lot harder - and decidedly more expensive - to borrow money

Lebanon lender expands from cosmetic surgery to fertility (Feature) - Monsters and Critics.com

Lebanon lender expands from cosmetic surgery to fertility (Feature)
Monsters and Critics.com - 19 hours ago
Also, unlike personal loans, no guarantee is needed for fertility loans of up to 3000 dollars. Lastly, it is a 'revolving loan,' which means that one can

WGC joins with HDFC to extend personal loans to gold buyers - Rupee Times

WGC joins with HDFC to extend personal loans to gold buyers
Rupee Times, India - Oct 23, 2008
World Gold Council (WGC) is engaging banks to have gold as collateral for personal loans. WGC has already joined with HDFC Bank for extending personal loans

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Personal loans

Saturday, October 25th, 2008

Mich. lawmakers want US help to free up auto loans - The Associated Press


Houston Chronicle
Mich. lawmakers want US help to free up auto loans
The Associated Press - Oct 23, 2008
WASHINGTON (AP) — Michigan lawmakers asked the government on Thursday to make it easier for car buyers to get loans, in hopes of helping US automakers ride
Rep. Miller wants immediate action on auto loans in wake of DetNews.com
GM-Chrysler Merger Prospect Clouds Chrysler Financial Future Ward’s Auto (subscription)
Michigan Representatives Call for Auto Industry Support Wall Street Journal
Reuters - The Associated Press
all 278 news articles

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