Loans

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1st Independence sets aside $2.4 million for bad loans
(Louisville Courier-Journal - Jul 30, 2008)

Louisville-based 1st Independence Financial Group today reported a $1.5 million loss in the second quarter after it set aside $2.4 million to cover potentially bad loans.

www.courier-journal.com/apps/pbcs.dll/article?AID=/20080730/...

Auto finance companies trend toward longer-term loans
(Market Watch - Jul 30, 2008)

(This article was originally published Tuesday) NEW YORK (MarketWatch) -- The financing arms of U.S. auto makers are likely to shift to longer-term car loans as they eliminate or scale back their participation in the leasing business. A longer maturity on loans translates into a slower repayment of principal, increasing the potential magnitude of losses resulting from defaults. It also means ...

www.marketwatch.com/news/story/auto-finance-companies-trend-...

Philippine airline Cebu says IPO off, will take out loans
(Reuters via Yahoo! Malaysia News - Jul 30, 2008)

MANILA, July 30 (Reuters) - Cebu Pacific, the Philippines' second-biggest airline, shelved plans for an IPO and will meet its financing requirements through loans and internally generated funds, its president said on Thursday.

malaysia.news.yahoo.com/rtrs/20080730/tbs-philippines-cebupa...

Massachusetts Finance Authority Ending Private Student Loans
(Hartford Courant - Jul 30, 2008)

The Massachusetts student lending authority announced this week that it will stop issuing private student loans, a move that could affect Connecticut students who attend school in the Bay State and rely on the agency for loans.

www.courant.com/news/education/hc-ctloans0730.artjul30,0,236...

Lloyds TSB Profit Falls 63% on Bad Loans, Writedowns (Update3)
(Bloomberg.com - Jul 30, 2008)

July 30 (Bloomberg) -- Lloyds TSB Group Plc , the biggest bank that depends almost entirely on fees from lending in the U.K., reported first-half profit that fell a more-than-estimated 63 percent because of bad loans and credit writedowns.

www.bloomberg.com/apps/news?pid=20601085&sid=a1PFOb2W2VF4

Lloyds TSB Profit Falls 63% on Bad Loans, Writedowns (Update2)
(Bloomberg.com - Jul 30, 2008)

July 30 (Bloomberg) -- Lloyds TSB Group Plc , the biggest bank that depends almost entirely on U.K. lending, said first-half profit fell 63 percent after bad loans and credit writedowns rose.

www.bloomberg.com/apps/news?pid=20601085&sid=aEgKuW8IJVbQ

FHA mortgage loans 'only game in town'
(The Sacramento Bee - Jul 30, 2008)

In the post-boom world of real estate, FHA loans are hot again.

www.sacbee.com/103/story/1119258.html

Top Thai court hits Thaksin over Myanmar loans
(Reuters via Yahoo! News - Jul 30, 2008)

Thailand's Supreme Court agreed on Wednesday to hear a case against ousted Prime Minister Thaksin Shinawatra over allegations he arranged soft loans to Myanmar while in office to benefit his family's telecoms business.

news.yahoo.com/s/nm/20080730/wl_nm/thailand_dc_5

Mortgage crisis prompts Massachusetts agency to stop college loans
(The Barre Montpelier Times Argus - Jul 30, 2008)

BOSTON -- A state lending authority that provided more than $500 million worth of college financing last year said Monday it won't be able to offer the bulk of its loans this year because of turmoil in the financial markets. ... - Associated Press

www.timesargus.com/apps/pbcs.dll/article?AID=/20080730/NEWS0...

R.I. still able to offer low-interest student loans
(The Providence Journal - Jul 30, 2008)

Massachusetts is the latest state unable to provide low-interest private and federal loans to its college students — a problem Rhode Island was able to avoid this year.

www.projo.com/news/content/risla_loans_07-30-08_KTB1GC5_v30....