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Personal loans

October 9th, 2008

Consumers pay down debt for first time in 10 years - MarketWatch

Consumers pay down debt for first time in 10 years
MarketWatch - Oct 7, 2008
Seasonally adjusted consumer debt — including credit cards, auto loans and other unsecured debts — fell by a record $7.5 billion, or a 3.7% annual rate, …
August 2008 G.19 report from Federal Reserve on consumer spending CreditCards.com
Two Ways To Play: Biggest Consumer Credit Drop Ever Minyanville.com
Consumer credit has record drop in August MarketWatch
all 11 news articles

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Loans

October 9th, 2008

FDIC and Federal Reserve: Syndicated bank loans deteriorate - Bizjournals.com

FDIC and Federal Reserve: Syndicated bank loans deteriorate
Bizjournals.com, NC - 4 hours ago
A review of commercial loans syndicated by American and international banks revealed a “significant deterioration in credit quality” as US examiners …
US banks' troubled big loans triple in 2008 Reuters
The end of the 'any breathing borrower' era Boston Globe
all 12 news articles

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Bad credit

October 9th, 2008

$1000 Hassle-Free Emergency Personal Loans Are Here To Stay - 1888 Press Release (press release)

$1000 Hassle-Free Emergency Personal Loans Are Here To Stay
1888 Press Release (press release), TX - 18 hours ago
Emergency1000.com emerges as the leading personal loan network for consumers, who need quick emergency loans, up to $1000. The network makes it easy for …

Loan rates continue to soar - Easier (press release)

Loan rates continue to soar
Easier (press release), UK - 5 hours ago
"On a £10K personal loan over five years, the difference in the repayment of the cheapest and most expensive loans is £33.60 a month, so you could end up …
Moneyfacts: Customers should shop around for PPI Money News
all 2 news articles

FirstAgain Reports Rapid Rise of Online Unsecured Personal Loans … - PRarticle.com (press release)

FirstAgain Reports Rapid Rise of Online Unsecured Personal Loans …
PRarticle.com (press release), Canada - Oct 8, 2008
San Diego-based FirstAgain® LLC focuses exclusively on providing low-rate, online unsecured personal loans to individuals with excellent credit. …

Are Cheap Loans A Thing of The Past? - Free Press Release Center (press release)

Are Cheap Loans A Thing of The Past?
Free Press Release Center (press release), Canada - Oct 7, 2008
October 7, 2008 (FPRC) — A recent investigation carried out by the group showed that over the course of the past month, the number of personal loans on the …
Cash Strapped Consumers Shown To Be Struggling With Payments Free Press Release Center (press release)
all 2 news articles

BUYINS.NET: PSEC, TOWN, UCBI, FLIP, GLOB, XHUA Have Also Been … - Trading Markets (press release)

BUYINS.NET: PSEC, TOWN, UCBI, FLIP, GLOB, XHUA Have Also Been …
Trading Markets (press release), CA - 6 hours ago
TowneBank's loan portfolio primarily comprises consumer loans, such as auto, boat, and personal loans; home and business equity loans; lot acquisition …
BUYINS.NET: GFF, GHL, KBW, BHIP, BKUNA, BTFG Have Been Removed … Trading Markets (press release)
BUYINS.NET: BWLD, CACB, CBAK, CPHL, GTXI, PLPC Have Also Been … Trading Markets (press release)
all 6 news articles

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Loans

October 8th, 2008

FHA Will Take on Subprime Loans Shunned by Lenders (Update2) - Bloomberg

ABC News

FHA Will Take on Subprime Loans Shunned by Lenders (Update2)
Bloomberg - Oct 6, 2008
The Congressional Budget Office estimates that 400000 households will get FHA- insured loans and about one-third of those will fall behind again on their …
Federal bailout lacks control of home loans to aid owners Boston Globe
Struggling borrowers face brick wall on loan workouts San Jose Mercury News
How much foreclosure relief will homeowners get from bailout plan? Los Angeles Times
InjuryBoard.com - San Jose Mercury News
all 508 news articles

Fed assumes powerful new role in financial crisis - The Associated Press

The Associated Press

Fed assumes powerful new role in financial crisis
The Associated Press - 18 hours ago
Now the nation's central bank is even becoming a source of loans for companies other than banks. Radical steps by the Fed under chairman Ben Bernanke — all …
Market bailout is wrong for many reasons Stamford Advocate
Regulators’ absence generated helium for the credit bubble Texarkana Gazette
The Fed is Bankrupt: Update on the Helicopter - The Secret Death … Gold Seek
NewsWithViews.com - WorldNetDaily
all 125 news articles

At Debate, McCain Proposes Buying Up Bad Home Loans - FOXNews

The Gazette (Montreal)

At Debate, McCain Proposes Buying Up Bad Home Loans
FOXNews - 4 hours ago
Republican candidate says he wants to bail out Americans on the brink of losing their homes, and he wants to put $300 billion into the effort. …
Video: McCain and Obama clash in TV debate - 08 Oct 08 AlJazeeraEnglish

McCain: US should buy bad home loans United Press International
There's Little Debate: McCain and Obama Don't Get It Barron’s
The Australian - GOPUSA
all 2,602 news articles

Loan-modification plan gets mixed reviews - San Jose Mercury News

Boston Globe

Loan-modification plan gets mixed reviews
San Jose Mercury News, USA - 15 hours ago
The bank agreed to settle claims brought by state attorneys general in connection with risky loans Countrywide had originated. …
Countrywide loans to be modified Arizona Republic
BofA OKs foreclosure relief for Californians San Francisco Chronicle
Countrywide Loans Bite BAC Again Forbes
Reuters - Chicago Sun-Times
all 1,436 news articles

Is the Panic Overblown? - FOXBusiness

Is the Panic Overblown?
FOXBusiness - 1 hour ago
*Thirteen federally insured banks and savings and loans–including two major thrifts–have failed this year, and more collapses are expected, reports note. …
Video: Dow Dips More Than 500 on Worries About Financia AssociatedPress

Stocks fall again; Fed intervenes on lending Boston Globe
Bernanke Signals Fed May Cut Rates as Crisis Deepens (Update3) Bloomberg
CNN - Christian Science Monitor
all 2,340 news articles

Sen. Schumer: Protect student loans - USA Today

News 10 Now

Sen. Schumer: Protect student loans
USA Today - 14 hours ago
Charles Schumer called on the federal government Monday to protect student loans as it implements the $700 billion bailout amid a credit crisis that has …
Schumer asks feds to include student loans in bailout Newsday
Sen. Schumer Asks Fed for Student Loan Protection WTEN
Schumer wants student loan market to be protected BusinessWeek
Capital News 9 - NY1
all 151 news articles

Why car title loans are a bad idea - CNN

CNN

Why car title loans are a bad idea
CNN - 3 hours ago
In addition to high interest, these car title loans usually include a number of fees that add up quickly. Anytime some guy is telling you he owns the bank, …
About the Student Loan Comparison Tool U.S. News & World Report
all 2 news articles

Official: Automakers will wait to see $25 billion in loans - Detroit Free Press

Official: Automakers will wait to see $25 billion in loans
Detroit Free Press, United States - 8 hours ago
The industry and Michigan lawmakers won the $25 billion in loans to help pay for fuel-efficient vehicles, although Wall Street analysts say the money could …

States Call for Adoption of Mortgage-Loan Help - Wall Street Journal

States Call for Adoption of Mortgage-Loan Help
Wall Street Journal - 11 hours ago
s lead and embark on a broad-based loan-modification program. "We believe that every major servicer of subprime loans should adopt these types of programs …
The end of the 'any breathing borrower' era Boston Globe
IndyMac's Fast-Track Mortgage Modification Program BusinessWeek
all 3 news articles

Libor for Overnight Dollar Loans Jumps as Credit Freeze Deepens - Bloomberg

Thanh Nien Daily

Libor for Overnight Dollar Loans Jumps as Credit Freeze Deepens
Bloomberg - 22 hours ago
The London interbank offered rate, or Libor, that banks charge each other for such loans rose 157 basis points to 3.94 percent today, the British Bankers' …
Credit markets hope for thaw CNNMoney.com
This is kitchen sink central banking Telegraph.co.uk
Overnight interest rates continue to rise, likely to constrain … BloggingStocks
Globe and Mail - Bloomberg
all 265 news articles

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Personal loans

October 8th, 2008

Glossary: Translating the financial crisis - CNNMoney.com

Glossary: Translating the financial crisis
CNNMoney.com - 16 hours ago
In a reverse auction for subprime mortgage loans, a bank that offers to sell a bundle of bad loans for 50 cents on the dollar would outbid a bank offering …
The Problem Is Still Falling House Prices Wall Street Journal
Glossary: Translating the financial crisis Baltimore Sun
all 11 news articles

Fitch Rates Idaho Housing & Finance Assoc's $60MM 2008D Bonds - MarketWatch

Fitch Rates Idaho Housing & Finance Assoc's $60MM 2008D Bonds
MarketWatch - 17 hours ago
Based on the 5835 mortgage loans, with an outstanding balance of $781 million originated under the indenture as of Sept. 5, 2008, the portfolio insurance …

Fannie Mae to purchase fixed-rate mortgage loans from Federal Home … - RTT News

Fannie Mae to purchase fixed-rate mortgage loans from Federal Home …
RTT News, NY - 22 hours ago
Fannie Mae would purchase loans channeled through FHLB Chicago's Mortgage Partnership Finance, or MPF, Program, a eleven year-old program that has provided …
TOP MARKET NEWS RTT News
all 13 news articles

Wachovia selects BWC Mortgage for loan restructuring in California - Bizjournals.com

Wachovia selects BWC Mortgage for loan restructuring in California
Bizjournals.com, NC - 46 minutes ago
Wachovia may provide a new second mortgage to cover needed financing exceeding current FHA and conforming loan limits, BWC said in its release. …

Mortgage relief deal - Chicago Sun-Times

Boston Globe

Mortgage relief deal
Chicago Sun-Times, United States - Oct 7, 2008
HERE'S WHY: Wall Street figured out it could lap up cash flow from securities backed by subprime mortgage loans. And subprime loans, though risky, …
BofA in $8.6 bln settlement over Countrywide loans Reuters
Mortgage suit settlement is model Joliet Herald News
Countrywide settlement will help homeowners Kankakee Daily Journal
Southtown Star - Denver Post
all 1,436 news articles

Bernanke Signals Fed May Cut Rates as Crisis Deepens (Update1) - Bloomberg

Fresh News

Bernanke Signals Fed May Cut Rates as Crisis Deepens (Update1)
Bloomberg - 21 hours ago
“Even households with good credit histories are now facing difficulties obtaining mortgage loans or home equity lines of credit,'' Bernanke said. …
Video: Bernanke signals possible rate cut ReutersVideo

Bernanke Signals Fed May Consider Lowering Rates Wall Street Journal
Financial crisis: Fed chairman hints of imminent rate cut guardian.co.uk
Kansas City Star
all 1,359 news articles

Is the Panic Overblown? - FOXBusiness

Is the Panic Overblown?
FOXBusiness - 1 hour ago
*The number of subprime and alt-A mortgage loans was 2.92 mn and 2.26 mn in August. *The average mortgage balance of subprime and alt-A loans was $183917 …
Video: Dow Dips More Than 500 on Worries About Financia AssociatedPress

Billions… Bail Outs… Banks… Tufts Observer Online
Bernanke: Fed Needs to Consider Policy, Rate Cut Wall Street Journal Blogs
financebg.com - The Winchester Star
all 2,340 news articles

Big four dominate mortgage market - NEWS.com.au

Big four dominate mortgage market
NEWS.com.au, Australia - 5 hours ago
"In Australia, some 80 per cent of mortgage loans are done at variable rates," Mr Johnson said. "The liquidity at the short end of the market is as tight as …
Mortgage stress hits 800000 househoulds The Australian
Mortgage stress is rising across the suburbs Courier Mail
all 21 news articles

Latest Mortgage Trends [Housing Tracker] - Seeking Alpha

ABC News

Latest Mortgage Trends [Housing Tracker]
Seeking Alpha, NY - Oct 6, 2008
The 0.25% upfront charge was set to apply to all whole loan mortgages purchased and all mortgage loans packaged into mortgage-backed securities as of March …
Modifying some of those loans Boston Globe
Will Bailout Minimize FBI Investigation Who Might Have Sold … Cleveland Indy Media
FHA Will Take on Subprime Loans Shunned by Lenders (Update2) Bloomberg
CNNMoney.com - New York Times
all 508 news articles

States Call for Adoption of Mortgage-Loan Help - Wall Street Journal

States Call for Adoption of Mortgage-Loan Help
Wall Street Journal - 11 hours ago
… aims to initially reduce borrowers' mortgage-related payments to 34% of monthly income by refinancing borrowers into government-backed loans and …
IndyMac's Fast-Track Mortgage Modification Program BusinessWeek
The end of the 'any breathing borrower' era Boston Globe
all 3 news articles

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Loans

October 7th, 2008

Financial stocks jump after Feds sets commercial paper buy - MarketWatch

Financial stocks jump after Feds sets commercial paper buy
MarketWatch - 5 hours ago
As if people can impose their will on banks to make the banks give them bad loans with high risk profiles without the government imposing subprime mortgage …

Greenberg Says Federal Loan to AIG Is Bad Deal - Wall Street Journal

Boston Globe

Greenberg Says Federal Loan to AIG Is Bad Deal
Wall Street Journal - 2 hours ago
By JUDITH BURNS WASHINGTON — The $85 billion federal loan to American International Group Inc. is a bad deal for the company's employees and shareholders …
What led to AIG’s fall? Economic Times
Big Insurer’s Spending Habits Disclosed New York Times
AIG Plays Finger-Pointing Game Forbes
The Post - CQPolitics.com
all 693 news articles

Planting Seeds of Disaster - National Review Online

Planting Seeds of Disaster
National Review Online, NY - 8 hours ago
Only then would local banks consider making loans available to customers with bad credit histories, low wages, virtually nothing in the bank, …
Subprime Suspects Newsweek
Subprime Suspects Slate
Barney Frank's Bankrupt Ideas Investor’s Business Daily (subscription)
all 13 news articles

Yes, the Credit Markets Are That Bad - U.S. News & World Report

Yes, the Credit Markets Are That Bad
U.S. News & World Report, DC - 3 hours ago
The combination of bad loans and prevailing accounting practices has caused fear and panic in the financial system, in turn causing a huge decline in the …

Lockhart says Freddie, Fannie may sell bad assets: report - MarketWatch

Lockhart says Freddie, Fannie may sell bad assets: report
MarketWatch - Oct 5, 2008
These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies …
Many pieces go flying from mortgage implosion Dallas Morning News
What Payday Lenders Can Tell You About The Current Crisis Examiner.com
Both Sides of the Financial Crisis American Spectator
all 50 news articles

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Loans

October 7th, 2008

Car buyers, dealers feel pinch - Florida Times-Union

Car buyers, dealers feel pinch
Florida Times-Union, FL - 15 hours ago
Experian Automotive, a company that deals in automotive trade industry data, announced Monday that defaulted auto loans are on the rise and about $25 …

Practical financial solutions for tough times - MSNBC

Practical financial solutions for tough times
MSNBC - Oct 6, 2008
It sounds like paying off that auto loan would really be a weight off your shoulders, so by all means, I think you should do it. But, instead of withdrawing …

Auto loans haven’t dried up, local dealers, lenders say - The State Journal-Register

Auto loans haven’t dried up, local dealers, lenders say
The State Journal-Register, IL - Oct 5, 2008
Joel Tjelmeland, owner of the dealership, said auto loans in the secondary markets are tough, but it’s always been that way. “It’s gotten to be a little bit …

Maryland Insurance Administration orders refunds for loan charges - Bizjournals.com

Maryland Insurance Administration orders refunds for loan charges
Bizjournals.com, NC - 7 hours ago
The companies, which loan policyholders money for auto insu

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