Archive for February, 2009
Man gets 3 years for fraud in getting loans - Billings Gazette
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A former Billings man who used a fake credit report to defraud two Billings credit unions of about $37,000 will spend three years in federal prison on bank fraud charges. Senior U.S. District Judge Jack Shanstrom Thursday sentenced Thomas Joseph …
Bernanke: TALF will support auto lending - Nashville City Paper
The Federal Reserves program to revive the market for securities backed by loans is likely to provide substantial support to auto lending, Chairman Ben S. Bernanke told the House Financial Services Committee. Terms of the $200 billion Term …
Visteon Grapples With Loans as Carmakers Lobby Obama Task Force - Bloomberg
Feb. 26 (Bloomberg) — Visteon Corp. , the Ford Motor Co. spinoff, said yesterday it may join other suppliers in breaking loan terms, raising fresh concerns about the health of U.S. partsmakers on which car companies rely. Lear Corp. , American Axle …
How to Get a Loan? Holding Up to Increased Mortgage Application Scrutiny
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CHICAGO — You don’t have to be a rocket scientist to figure out how to get your mortgage application approved these days, but it wouldn’t hurt.
That’s because lending has sobered up since those halcyon days of the housing boom…. RSS news feeds and Widgets on Feedzilla.com
Foreclosure rescue: Utah homeowners may get 2nd chance
Scores of Utah homeowners who have been denied the opportunity to refinance into lower fixed-rate loans because of declining home values could get a second chance under a $75 billion plan unveiled Wednesday by President Obama. RSS widgets and RSS feeds on Feedzilla.com
Buy-to-let mortgage advances hit five-year low
Loans advanced in the fourth quarter dropped by almost a fifth in value and 12% in volume as their demand and supply in the sector diminished, says the Council of Mortgage Lenders RSS widgets and RSS feeds on Feedzilla.com
Mitsubishi Motors May Apply for Loans From Japanese Government (Bloomberg)
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Feb. 24 (Bloomberg) — Mitsubishi Motors Corp. , the maker of Outlander sport-utility vehicles and Eclipse sports cars, may seek loans from the Japanese government as auto demand falls.
Housing bill to shield firms modifying loans (Reuters via Yahoo! News)
U.S. bankruptcy judges would get power to modify home loans and mortgages services who alter loans would win protection from bondholder lawsuits under a bill to be considered by U.S. lawmakers later this week, sponsors of the legislation said on Monday.
French state loans ‘will back banking merger’ (AFP via Yahoo! News)
The French government is to provide 2.5-5.0 billion euros in loans to support the merger of banks Caisse d’Epargne and Banque Populaire, Finance Minister Christine Lagarde said on Monday.
Long-term debt programs of Indian firms rated by CRISIL:PART IV - Reuters India
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Share Term Loans BBB 276.5 Assigned Union Bank Of India Forex Loans AA+ 3000 Assigned Union Bank Of India Cash Credit AA+ 2000 Reaffirmed Union Bank Of India Tier I AA+ 1400 Assigned Union Bank Of India Upper Tier II AA+ 2000 Assigned Union Bank Of …
UPDATE 1-Commonwealth Bank to buy A$2.25 bln of Wizard loans - Forbes
SYDNEY, Feb 24 (Reuters) - Commonwealth Bank of Australia will buy a A$2.25 billion ($1.45 billion) portion of home loans from finance firm Wizard, the bank said on Tuesday. Australias third-largest bank said in December last year it would acquire …
CBA cherry-picks Wizard loans - ninemsn
Commonwealth Bank of Australia (CBA) says it will acquire a $2.25 billion portion of Wizard Home Loans portfolio from GE Money. CBA would also pass on a 100 basis point cut to interest rates to those Wizard home loans to be included in the new CBA …