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April 2008

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Senate Votes to Expand Some Student Loans (Washington Post)

The Senate unanimously approved legislation yesterday to ensure that tight credit markets don't impede students' ability to obtain college loans.

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Westpac’s Profit Increases 34% on Deposits, Loans (Update2) (Bloomberg.com)

May 1 (Bloomberg) -- Westpac Banking Corp. , Australia's best performing bank stock the past year, said first-half profit rose as it increased deposits and loans, helping it shrug off higher funding costs.

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Senate Passes Student Loans Bill (CBS News)

The Senate Wednesday passed by unanimous consent legislation to bolster student loans against trouble in the credit markets. The bill, the Ensuring Continued Access to Student Loans Act, was sponsored by Sen. Edward Kennedy (D-Mass.), and is a companion to the House bill that passed on April 17. President Bush urged Congress to pass the measure over the weekend, suggesting that his signature ...

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Senate acts to ensure students get loans (AP via Yahoo! News)

The Senate unanimously approved legislation Wednesday to ensure that tight credit markets don't impede students' ability to get college loans.

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Rules to ease jumbo loans called ‘failure’ (San Diego Union-Tribune)

In mid-February, Congress gave beleaguered mortgage borrowers a rare cause for celebration. As part of the economic stimulus package, it passed rules intended to make it easier and less expensive for people to take out hefty loans in the nation's costliest housing markets.

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Electric co-ops to benefit from loans (Rapid City Journal)

Long-term rural development loans will help two South Dakota electric cooperatives make improvements and serve their customers in the years ahead.

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Landless Dalit women promptly repay loans (Chennai Online)

Porayar (TN), Apr 30 Over a 1,000 landless Dalit women agricultural labourers in Nagapattinam district have promptly repaid loans obtained in 2007-08 from the National Scheduled Caste Financial Development Corporation (NSFDC), New Delhi.

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Indonesia’s Jasa Marga gets 1.2 trln rph in loans (Reuters via Yahoo! Philippines News)

JAKARTA, April 30 - Indonesian toll road operator, PT Jasa Marga Tbk , said it has received 1.2 trillion rupiah in loans from local banks to help finance capital spending this year and to refinance debt.

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Stockton man admits using straw buyers to get mortgage loans (The Fresno Bee)

A Stockton man has admitted using straw buyers to obtain large mortgage loans from a subprime lender to purchase properties in the San Joaquin Valley, federal prosecutors said.

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Stockton man admits using straw buyers to get mortgage loans (San Francisco Chronicle)

A Stockton man has admitted using straw buyers to obtain large mortgage loans from a subprime lender to purchase properties in the San Joaquin Valley, federal prosecutors said. Iftikhar Ahmad, 36, pleaded guilty Monday to federal felony fraud charges for...

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