Levin supports $50 billion in direct loans for automakers (Detroit News)
WASHINGTON -- Michigan's senior senator said he is working to win passage of a roughly $50 billion package of government-issued loans to assist Detroit's Big Three automakers.
Delinquencies Kept Rising On Loans Backing RMBS In 1st Half (Nasdaq)
Delinquencies and losses on pools of loans backing U.S. residential mortgage- backed securities issued in 2006 and 2007 continued to weaken through the first half of the year, according to Moody's Investors Service.
Mexico's Infonavit Mtge Loans Up 18.4% In Jan-Aug Period (Nasdaq)
MEXICO CITY -(Dow Jones)- Mexico's federal housing fund, Infonavit, said Wednesday it made 303,376 mortgage loans during the first eight months of the year, up 18.4% from the same period in 2007.
Congress ratifies bill on delinquent loans (GMA News)
MANILA, Philippines - Congress on Wednesday ratified a measure that would restructure delinquent loans, condone penalties and surcharges and allow borrowers to keep their homes.
Investors punish Corinthian Colleges for making student loans (Los Angeles Times)
Shares fall 19% after the Santa Ana company reveals lending program for students with poor credit. Shares of Corinthian Colleges Inc. dropped after the operator of colleges and trade schools said it began making loans to students, raising concern that costs would erode earnings.
County OKs bank loans for BL sewage project (The East Liverpool Review)
LISBON - Columbiana County Commissioners approved the securing of two bank loans for the sewage treatment plant project nearly completed near Beaver Local Schools, with one loan to cover a funding shortfall and the other to cover tap fees for two entities.
US thrifts lost $5.4 billion in second quarter; set aside record $14 billion for problem loans (Canadian Business)
Marcy Gordon August 27, 2008 - 10:55 a.m. WASHINGTON (AP) - U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
US thrifts lost $5.4 billion in second quarter; set aside record $14 billion for problem loans (Minneapolis-St. Paul Star Tribune)
WASHINGTON - Federal regulators say U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
Lenders' cuts make student loans harder to find (KY3 Springfield)
More than a dozen private lenders, including Bank of America and Citigroup, have stopped or cut back on their student loans.
Bank avoided toxic loans, not pain (USA Today)
What happens on Wall Street doesn't stay on Wall Street. Just ask Harris Simmons, CEO of Zions Bancorp.