Loans Page: The newest news, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10
Auto-loan delinquencies are on the rise as cash-strapped Americans increasingly struggle to repay car and truck loans, according to a study. biz.yahoo.com/wallstreet/081007/sb122334720287210549_id.html...
The Internal Revenue Service has taken steps to help ease the credit crisis by allowing corporations to ramp up their use of tax-free loans from overseas subsidiaries. www.nytimes.com/2008/10/07/business/07tax.html
SACRAMENTO, Oct. 6 (UPI) -- Countrywide Financial Corp. agreed to a sweeping settlement for predatory lending practices that could restructure thousands of U.S. loans, officials said. www.upi.com/Business_News/2008/10/06/Countrywide_to_rework_t...
Oct. 6 (Bloomberg) -- The Federal Housing Administration has grown so large that by the end of the year it will guarantee mortgages for three in 10 U.S. borrowers, many of whom have bad credit or loans that required no verification of income. www.bloomberg.com/apps/news?pid=20601170&sid=a98TMgmjzpSU
Oct. 7 (Bloomberg) -- Three Australian banks obtained long- term loans from the government's pension system for politicians, public servants and defense workers as cash dried up from other sources, the Australian newspaper reported, citing documents. www.bloomberg.com/apps/news?pid=20601081&sid=aQBgi4TJtrBk
A growing number of businesses are struggling to land loans through the Small Business Administration's flagship lending program. The number of 7(a) loans given in the 2008 fiscal year, which ended Sept. 30, dropped 30% from 2007, the SBA reported last week. money.cnn.com/rssclick/2008/10/06/smallbusiness/sba_loans_dr...
The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. news.yahoo.com/s/ap/20081006/ap_on_bi_ge/fed_credit_crisis_1...
The European Central Bank renewed on Monday overnight loans of 50 billion dollars (37 billion euros), in what has become a daily effort to keep cash pumping through tight interbank money markets. news.yahoo.com/s/afp/20081006/bs_afp/ecbbankusbankingfinance...
About 30 percent of Iowa flood victims who have been approved for disaster loans from the Small Business Administration are being charged 8 percent interest on the loans. www.bizjournals.com/cincinnati/stories/2008/10/06/newscolumn...
Congress voted to fund $25 billion in low-interest loans for automobile manufacturers that retool their plants to build advanced-technology vehicles in the United States. The program was authorized in 2007, but wasn’t funded until Congress appropriated money for it as part of a bill that will keep the government running until March. The House passed the legislation by a 370-58 vote Sept. 24 and ... www.bizjournals.com/sanfrancisco/stories/2008/10/06/smallb2....
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