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August 28th, 2008 - 05:17 AM |
| Aug. 28 (Bloomberg) -- Bank of China Ltd. posted the slowest profit growth among the nation's biggest lenders in the second quarter because of subprime mortgage losses and said it holds $10.5 billion of securities backed by U.S. home loans. |
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August 28th, 2008 - 03:55 PM |
| The Labour Party, which is more than £17m in the red, has persuaded some of its major lenders to write off their loans but wealthy donors are still backing the Conservatives in far larger numbers and with more money. |
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August 28th, 2008 - 07:05 AM |
| Nonprofit student loan lenders in Kentucky and New Mexico have each privately placed $50 million of short-term debt with their respective states as part of efforts to find short-term liquidity that will allow them to participate in a program run by the Department of Education to assist non-bank lenders in financing student loans. |
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August 27th, 2008 - 03:38 PM |
| Cupertino accountant Richard Smith wants to buy a few bank-repossessed houses in Antioch and Brentwood priced at about $200,000 and rent them out. He can make down payments of about 30 percent, and can afford the mortgage payments. But he can't find a bank who will make him the loans. The problem? Few if any lenders these days will make loans to those who already have four or more mortgages. ... |
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August 27th, 2008 - 09:47 PM |
| A recently passed federal housing bill could provide a big boost to prop up the nation’s housing market, according to several mortgage lenders in Lynchburg. The Housing and Economic Recovery Act of 2008 became law July 30. It authorizes programs to help homeowners avoid foreclosure, and sets up tax credits to entice new buyers into the market. |
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August 29th, 2008 - 01:39 AM |
| Still badly bruised by a fiasco in subprime lending, Wall Street has found a new outlet for providing loans to shaky borrowers: so-called asset-based lending. Asset-based loans tend to be tied to a company's receivables - such as their inventory... |
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August 27th, 2008 - 07:51 PM |
| BATAVIA, Ill.----Portola Packaging, Inc.: Company Files Chapter 11 Petition For Its Previously Announced Pre-Packaged Reorganization After Receiving Overwhelming Support from 100% of the Company's Secured Lenders and Holders of Approximately 90% of its Senior Notes Company Secures $79 Million DIP Financing To Secure Ongoing Operations Company Will Reduce Long-Term Debt Obligations by $180 ... |
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August 27th, 2008 - 09:14 AM |
| More than a dozen private lenders, including Bank of America and Citigroup, have stopped or cut back on their student loans. |
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August 26th, 2008 - 10:43 PM |
| After a rash of consumer complaints, the federal agency charged with regulating savings and loan institutions issued guidance Tuesday warning lenders they could not arbitrarily change the terms of home equity loans. |
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August 26th, 2008 - 01:02 PM |
| Many auto lenders are pulling back incentives to lease vehicles. Consumers don't want to lease trucks and SUVs anymore and the credit crunch isn't helping. Avoiding leasing is actually a good thing, says our personal finance expert. |
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