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.

Credit union set to be state's first in decade

By LARRY P. VELLEQUETTE BLADE BUSINESS WRITER A group of Hispanic, community, and business leaders are about to launch a new community credit union in Toledo's Old South End, the first new credit union in Ohio in nearly a decade. Nueva Esperanza - or New Hope - Community Credit Union will open for business within the next several weeks, its leaders say, and could be in its own building by year's ...

Mortgage rates edge up in sluggish market

Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame the rates if home sales stay sluggish.

Mortgage rates edged up a bit last week

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. Applications to refinance home loans fell 3.1 percent last week, their first drop in six weeks, the Mortgage Bankers Association said Wednesday. Applications to refinance loans ...

Aviation sector loan restructuring package to be discussed by Banker

Mumbai, Sep 9 : Conversion of a portion of loan into equity, rescheduling of payment and downward revision of interest rates are some of the elements of the restructuring package being offered to the Airline industry which has sought RBI intervention to come to their rescue saddled with a huge loan of Rs 60,000 crore.

Mortgage Rates Rise

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. Last week's was the lowest number since Freddie Mac began tracking rates in 1971. The average rate on a 15-year fixed loan remained ...

WA home loans fall in July

THE number of people taking out home loans in Western Australia bucked the national upward trend, falling 2.5 per cent in July.

Credit Suisse scoops 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.

Loan week, Sept 3-9

A roundup of the latest syndicated loan market news.

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Mortgage rates edge up; Housing market still slow

Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Mortgage rates edge up; Housing market still slow

Average mortgage rates edge up from historic lows; No relief seen for limping housing market

Liverpool loans shifted by RBS into 'bad debts' division

RBS shifted loans of Liverpool owners Tom Hicks and George Gillett to "bad debts" division in March.

Mortgage Rates Inch Higher

RISMEDIA, September 10, 2010—Mortgage rates moved higher this week, with the average conforming 30-year fixed mortgage rate climbing to 4.58%, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points.…

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.

Retire Rich While Others Work Forever (The Motley Fool)

The Motley Fool - The looming cloud hanging over our collective financial future has a big, fat silver lining -- if you bother to look for it.

3 Texas men indicted in Va. in $103M scam (AP)

AP - A federal grand jury in Richmond has indicted three Texas men for allegedly defrauding investors in their life insurance settlement businesses.

Mortgage rates edge up this week from decades low

WASHINGTON -- Mortgage rates mostly edged up this week as investors' fears about the economy eased. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed loan was 4.

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

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. 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.

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.

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.

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

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

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.

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.

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.

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).