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May 2009

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‘Jumbo’ Loans, Down-to-Earth Rates (Washington Post)

Looking for a mortgage that exceeds $729,750? Not long ago, you would have been charged about 8 percent interest on a loan that large -- if you could find a lender willing to grant you one. Now, rates on these "jumbo" loans are much more affordable, having settled in the low 6 percent range, on a...

Written by Yahoo! News Search Results for loans on May 30th, 2009 with no comments.
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First-time homebuyers can get short-term loans for $8,000 tax credit (USA Today)

The government says thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Gov’t allows short-term loans for tax credit (AP via Yahoo! News)

Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home purchase.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Troubled Bank Loans Hit a Record High (New York Times)

Old-fashioned loans in unprecedented amounts are going bad, and the overall quality of loans is deteriorating at the fastest pace ever.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Foreclosures increasing for prime loans (San Diego Union-Tribune)

The mortgage crisis that has shaken the nation's economy is expanding beyond the subprime market to include borrowers with prime loans and solid credit ratings, said a survey released yesterday by the Mortgage Bankers Association.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Foster’s Taps Asia as U.S., European Banks Curb Loans (Update1) (Bloomberg)

May 29 (Bloomberg) -- Foster’s Group Ltd ., the maker of Victoria Bitter beer and Penfolds wine, and other Australian companies are turning to Asia for loans as some U.S. and European banks cut back on lending in the country.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Indians find loans hard to get (Everett Herald)

Some banks shy away from loans to Indians because they can't foreclose on reservation land.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Guarantee aids small-business loans (The Record and Herald News)

Small-business lending is increasing at New Jersey's community banks, according to the U.S. Small Business Administration, because of an increase in SBA loan guarantees of up to 90 percent of the amount of loans to small businesses from private lenders.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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RHBCap sees 5%-7% loans growth (The Edge Daily)

KUALA LUMPUR: RHB Capital Bhd expects its loans growth to be in the region between 5% and 7% this year, said its group managing director Michael Barrett.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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Home loan demand up, personal loans down (Australian Broadcasting Corporation)

There is further evidence of strong demand for home loans but continuing signs that people are trying to rein in the amount of credit they have.

Written by Yahoo! News Search Results for loans on May 29th, 2009 with no comments.
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