Rediscounting loans sum up to P45.3 billion

AVAILMENTS of rediscounting loans fell by over half in the eight months to August compared to a year earlier after the central bank slashed its budget for the facility and jacked up the cost of borrowing.

Loan modification program in Phoenix helps fewer than expected

A year and a half after it began, the federal government's loan-modification program is helping fewer homeowners facing foreclosure than hoped.

Avg. mortgage rate up to 4.35 pct. off decades-low

WASHINGTON - Mortgage rates mostly edged up last week as investors' fears about the economy eased. Mortgage...

Avg. mortgage rate up to 4.35 pct. off decades-low

Mortgage rates mostly edged up last week as investors' fears about the economy eased. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed loan was 4.35 percent, up from 4.32 percent the week before. It was only the second rise in the past 12... Mortgage - Freddie Mac - Loan - Tax rate - Financial Services

Avg. mortgage rate up to 4.35 pct. off decades-low (AP)

AP - Mortgage rates mostly edged up last week as investors' fears about the economy eased.

Avg. mortgage rate up to 4.35 pct. off decades-low

Mortgage rates mostly edged up last week as investors' fears about the economy eased.

Average mortgage rate up to 4.35 percent, off decades-low

WASHINGTON — Mortgage rates mostly edged up last week as investors' fears about the economy eased. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed loan was 4.35 percent, up from 4.32 percent the week before. It was only the second rise in the past 12 weeks.

Perkins Loans FAQs

Perkins loans are very low cost, but scarce

Credit-Default Index Falls as Labor Department Says Jobless Claims Dropped

A gauge of corporate credit risk in the U.S. fell to the lowest in more than four weeks after a government report showed applications for jobless benefits fell more than forecast last week.

State agency creates loan fund to partner with Habitat for Humanity

A loan fund established through an agreement with the Ohio Housing Finance Agency improves the ability of Habitat for Humanity of Ohio to issue loans to its local offices for home construction.

Loan move for Smith

Tommy Smith has completed his loan switch from Portsmouth to QPR after the Football League rejected his initial deadline-day switch.

Credit Suisse sccops UBS star for wealth role

Credit Suisse, Switzerland's second largest bank, has poached the former global head of corporate advisory group from arch-rival UBS.

Auto loan rates for Sept. 9, 2010

Here are the average auto loan rates from Bankrate's weekly survey of large banks and thrifts.

Mortgage rates bounce back

Mortgage rates rose off last week's record lows, while borrowers remain locked in "pause mode."

Loan bails out Fringe

THE organisers of the Festival Fringe are to be given another loan by the city council in a bid to ease financial pressure.

Small businesses got 960 billion yuan in loans during first half

Loans for small businesses saw rapid growth in the first half of this year. Meanwhile, both the non-performing loan ratio and bad loans declined and loan quality has continued to improve.

College Loans 101: New Rules for Borrowers (Smart Consumer)

Here are some tips for navigating the latest changes to student loans.

Prince Charles loan 'left charity foundation with debt'

A £20 million loan taken out by the Prince of Wales to help save a stately home left his Charities Foundation with a multimillion-pound debt following the slump in land development prices, it emerged.

Credit Agricole's Kowalczyk Interview on Korean Won

Sept. 9 (Bloomberg) -- Dariusz Kowalczyk, Hong-Kong based senior economist at Credit Agricole CIB, talks about the outlook for the South Korean won. The currency climbed to its strongest in a month on speculation the nation’s rising exports and an improving economy will spur inflows.

Loan guarantee issued for Nevada geothermal project

The Department of Energy has announced a partial guarantee for a $98.5 million loan for a geothermal project in northwest Nevada.

Loans for self-employment and housing for North East

A loan scheme for self employment and housing will be introduced for the benefit of the poor families in the North and East, shortly. With a low annual interest rate of 4%, loans upto Rs.250,000 will be granted through the District Secretariats by the Bank of Ceylon.

Loan program aims to retain local business

MICHIGAN CITY — Building on an earlier effort to keep one Michigan City factory from moving, the Common Council is considering creating a loan fund to give riverboat money to companies that preserve or create jobs.

Mortgage Foreclosures

These are mortgage foreclosures filed with the civil division of the Circuit Court for Jan. 26 and Jan. 27. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter names filed the foreclosure action.

FDIC's Bair warns of government "exposure" in mortgages (Reuters)

Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.

Credit Suisse appoints Osama Abbasi as CEO Asia Pacific; Kai Nargolwala becomes regional chairman

Credit Suisse today announced that Osama Abbasi has been appointed Chief Executive Officer of the Asia Pacific Region and a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG

Financial crisis panel tells NV leaders to be bold (AP)

AP - From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.

Mortgage rates hit record low

Mortgage rates are hovering near historic lows, but that doesn'tseem to be enough to get new buyers into homes.

Consumers cut back on credit card use once again (AP)

AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.

Bankers urge government to pull plug on Fannie, Freddie (Reuters)

Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.

Mortgage activity slowed in week

WASHINGTON, Sept. 8 (UPI) -- The Mortgage Bankers Association said Wednesday U.S. mortgage activity decreased in the latest weekly survey, while interest rates increased. Mortgage Bankers Association - Business - Financial Services - Interest rate - Mortgages

Credit Suisse Can’t Collect From Yellowstone Founder

Credit Suisse Group AG’s “greedy antics” bar it from collecting $229 million on a soured loan the bank arranged for the Yellowstone Club, a ski resort for millionaires, a court ruled.

Credit upgrade for Bank of Ireland

Credit rating agency Moody's has upgraded one of its ratings for Bank of Ireland.

Credit demand slackening

Bank credit demand scenario has turned dismal since the beginning of the second quarter. This is borne out by the fact that from the beginning of July to August 27, outstanding credit in the banking system has come down by Rs 50,993 crore.

Loan recast for airlines: Banks get RBI go-ahead

Banks can now work out loan restructuring with individual airlines as the Reserve Bank of India (RBI) has given them (banks) the go ahead, said Mr O P Bhatt, Chairman, State Bank of India (SBI).

Credit Suisse `Greedy Antics' Bar It From Recouping Yellowstone Club Loan

Credit Suisse Group AG’s “greedy antics” bar it from collecting $229 million on a soured loan the bank made to the Yellowstone Club, a ski resort for millionaires, a bankruptcy judge ruled.

Mortgage Bonds Decline in U.S. After Home Refinancings Outpace Expectation

Mortgage bonds with U.S. government guarantees fell relative to Treasuries after data showed more homeowners with low interest rates refinancing than some analysts expected.

Freddie Mac to issue new 5-year note due 2015 (AP)

AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.

Credit unions need flexibility to lend more to small businesses

Credit unions can boost small business lending to help economy if caps on lending are raised, says David Adams, CEO of the Michigan Credit Union League.

Oppenheimer downgrades H&R Block to 'Perform' (AP)

AP - Tax preparation company H&R Block has struggled for the last two tax seasons and faces uncertainty over the mortgages it still holds from its former lending operations, an Oppenheimer analyst said Wednesday.

Home loans dip as mortgage rates tick up

Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.