Mortgage Lending the Focus of New Obama Plans

Mortgage lending is the focus of a new plan rolled out from the Obama administration. The effort is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth. Starting Tuesday, the Federal Housing Administration will permit lenders to give these borrowers refinanced loans backed by ...

Mortgage Purchase Applications Up, Refinance Applications Fall Slightly

RISMEDIA, September 9, 2010—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending September 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5% on a seasonally adjusted basis from…

Lukoil Leads Tripling in Loans as Rates Tumble: Russia Credit

Russian companies from OAO Lukoil to OAO Gazprom are taking advantage of a plunge in interest rates to triple borrowing in the market for syndicated loans.

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

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.

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 Suisse's "greedy antics" cost it $229M

A federal bankruptcy judge says he will not reward the "greedy antics" of financial giant Credit Suisse by ordering the repayment of $229 million it loaned to the exclusive Yellowstone Club.

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.

Hungary won't seek to renew IMF, EU loans

Hungary will not seek any more loans from the International Monetary Fund or the European Union and will be able to meet its financing needs by selling bonds to international and domestic investors, Economics Minister Gyorgy Matolcsy said Wednesday.

Mortgage applications fall 1.5 percent last week

WASHINGTON -- Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades. The Mortgage Bankers Association says overall applications fell 1.

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.

Australian Home-Loan Approvals Climb 1.7%

Australian home-loan approvals rose in July, increasing the central bank’s scope to resume interest- rate increases in coming quarters.

SBA Disaster Loans Available Following Secretary of Agriculture Disaster Declaration in Wisconsin

ATLANTA----The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes located in Wisconsin as a result of frost and freeze conditions that occurred on May 4-15, 2010.

Mortgage Lending Down 1.5 Pct as Rates Inch Up

Mortgage applications fall 1.5 percent as rates tick up from lowest level in decades Mortgage - Business - Financial Services - United States - Loan

What Great Chess Players Can Teach Investors (The Motley Fool)

The Motley Fool - The constant iterative calculation of risk and reward required in every chess move translates well to the investing world. I thought it might be instructive to look at three chess world champions and see how their style matches up to various investment styles. Do you see your own style in any of these Grandmasters?

Summary Box: Mortgage lending falls 1.5 pct (AP)

AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

Summary Box: Mortgage lending falls 1.5 pct

MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

Mortgage lending down 1.5 pct as rates inch up (AP)

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

Mortgage lending down 1.5 pct as rates inch up

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

Student Loans, Burger King: Hot Trends

'Student loans,' Burger King, Piers Morgan, 'Google search event,' ESTA and NCSECU are the trending topics on Google and Yahoo.

India bank loans prov down 0.39 pct as on Aug 27 - cbank

MUMBAI, Sept 8 (Reuters) - Indian bank loans fell 0.39 percent to 33.5 trillion rupees in the fortnight to Aug. 27 and was down 0.17 percent from end-July, provisional central bank data showed on Wednesday.

Payday loan companies and their collectors: The Real Deal

The Federal Trade Commission is cracking down on payday loan companies that aren't upfront about the terms of their contracts and who illegally try to collect.

Home buying up in week, but down 40 percent in year (Reuters)

Reuters - Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.

ADB offers loans for health, irrigation projects

VietNamNet Bridge – The Asian Development Bank (ADB) will provide loans worth US$ 160 million and a grant of US$11 million to expand Vietnam’s access to quality health services and improve irrigation infrastructure.

Credit record may cost you a job

Credit bureau information is intended to give credit providers an indication of your ability to meet your financial commitments, and not meant to affect your chances of getting a job, writes Wendy Knowler.

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.

Bank loans jumped 11.7% in July; robust economic growth seen

Bank loans rose at their fastest pace in 13 months in July, led by higher lending for manufacturing and other production activities, signaling a continuation of the robust economic growth registered in the first half of the year.

Student loan debt now surpasses credit card debt in the US

Student loan debt has exceeded the nation's credit card debt, according to the Federal Reserve's G.19 Consumer Credit June report. and nbsp; Student debt has reached more than $830 billion and mdash; $665 billion from federal student loans an...

Credit Card Reader For iPhone Shipping Now For Inner Fence Credit Card Terminal

Inner Fence, maker of Credit Card Terminal for iPhone, is now shipping Credit Card Reader for iPhone, an Apple-authorized hardware accessory that allows merchants to swipe credit cards. The swipe accessory will be offered free to new merchants.

China Loan-Loss Reserves Would Hurt Mid-Sized Banks, Morgan Stanley Says

Reports that China’s banking regulator will require banks to increase loan loss reserves will be negative for the nation’s mid-sized banks, according to Morgan Stanley.

Australia: Home Loans rise by 1.7% in July

FXstreet.com (Córdoba) - The home loans in Australia grew by 1.7% in July 2010, above expectations of a 1.0% increase and following a 3.9% fall in June.

Eastday-Loans for M&As climb on call to lend

Loans for mergers and acquisitions in Shanghai rose to 10 billion yuan (US$1.5 billion) at the end of June because banks were encouraged to lend to help facilitate companies to integrate in order to boost economic upgrading.