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October 2008

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JPMorgan ramps up to modify $70B in mortgage loans (USA Today)

JPMorgan Chase & Co. said Friday it is expanding its program to modify mortgages in an effort to avoid foreclosures on up to $70 billion in loans.

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George Washington Students Lose Loans Mid-Year (US News & World Report)

One lender says it is unable to process 180 students' Stafford loans.

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Nissan Offers $9,990 Car, No-Interest Loans in U.S. (Update2) (Bloomberg)

Oct. 31 (Bloomberg) -- Nissan Motor Co. , seeking to boost U.S. sales during an industry slump, said it will offer the market's lowest-priced car and no-interest loans on its five best-selling models.

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Nissan offers zero percent loans on five models (Reuters via Yahoo! News)

Nissan Motor Co Ltd said on Friday it is offering interest free loans on five vehicle models to boost sales and assist buyers sidelined by the credit squeeze.

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Two banks vow to turn bailout into loans (UPI)

WASHINGTON, Oct. 31 (UPI) -- Two U.S. banks have said they would put a substantial amount of their federal bailout assistance funds into circulation as loans in short order.

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Exchange Bank reports $11.5 million loss as it ups reserves for housing loans (North Bay Business Journal)

SANTA ROSA, Oct. 29, 2008 – Exchange Bank today reported a loss of $11.5 million for the third quarter and $11 million for the nine months ending Sept. 30, largely due to additional reserves on sour residential construction loans.

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31-10-2008: RHB Islamic confident of 20% loans growth in FY08 (The Edge Daily)

KUALA LUMPUR: RHB Islamic Bank Bhd is confident of achieving its 20% loans growth target for the financial year ending Dec 31, 2008, despite softening economic conditions, its managing director, Jamelah Jamaludin said.

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WB approves new loans for Georgia, Armenia (Itar-Tass)

WASHINGTON, October 31 (Itar-Tass) -- The World Bank approved new loans worth 20 million dollars each for Georgia and Armenia on Thursday.

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SBA loans plunge in Colorado, nation (Denver Post)

The number of Small Business Administration loans fell by 20 percent in Colorado and 30 percent nationally in fiscal 2008, following a record year in 2007.

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Small Business Administration’s Colorado District Office makes fewer loans (Rocky Mountain News)

The Small Business Administration's Colorado District Office approved fewer loans in its fiscal year ended Sept. 30.

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