The loan blog

Washington Post Markets Take Political Shocks in StrideWashington Post, United States -47 minutes ago… 29, the Federal Reserve raised its target rate on overnight loans between banks … 20, they kept the rate on their benchmark short-term interest rate unchanged. … More: continued here

Bond market loves a slowdownPioneer Press, MN -19 hours ago… see as dramatic declines as those with longer-termloans. The benchmark 10-year Treasury yield also is lower than the Fed's benchmark short-term interest rate … More: continued here

Members of Ark. delegation support payday loan interest rate capPine Bluff Commercial, AR -2 hours ago… Payday lenders offer short-termloans against borrowers' paychecks and charge fees. Borrowers that cannot repay the loans by the … More: continued here

Young Londoners feel mortgages are far off – 29/09/2006MoneyExpert, UK -45 minutes agoOver a third of young people in London do not expect to be able to leave home until they are over 25, new research from Engage Mutual Assurance reveals. … More: continued here

RTE.ie UK consumer credit dips, as mortgages rise – 29/09/2006MoneyExpert, UK -45 minutes agoUK consumer credit rose less than predicted in August, with an increase of £755 million against a forecast £900 million, down from the previous month's £1.1 …Mortgage and debt figures suggest slowdownIndependentSummer break in mortgage lendingMonsters and Critics.comBank of England reports biggest drop in [...]

Bonds having safe-haven rallyNorth County Times, CA -17 minutes ago… see as dramatic declines as those with longer-termloans. The benchmark 10-year Treasury yield is also lower than the Fed's benchmark short-term interest rate … More: continued here

Reverse Mortgages. Should You Consider It?Oswego County Business Magazine, NY -3 hours ago… improvement, pay off a current mortgage, supplement retirement income, or pay for healthcare expenses, many older Americans are turning to reverse mortgages. …How Reverse Mortgages Are Changing Public PolicyMediaSyndicate (press release)'Today's Family' Show to feature Live Well FinancialPR Web (press release)all 4 news articles [...]

Washington Times Risky Home Loans Force Regulators to Tighten Mortgage Lending …AXcess News, NV -1 hour ago… in the first half of the decade, Federal regulators Friday cracked down on lenders forcing them to qualify borrowers on low interest loans with initially low …Risky home loans reined inWashington TimesBanks told to explain risks of non-traditional mortgagesSeattle Post [...]

Backing for reverse mortgagesStuff.co.nz, New Zealand -2 hours agoBy ROB STOCK. A year ago just two companies were offering saleable versions of the product, which allows over 65-year-olds to "eat … More: continued here

Beware of Risky MortgagesKLAS-TV, NV -1 hour ago… help. Buying a new house may be expensive, but non-traditional mortgages are making it a lot more affordable, or are they? Jerome … More: continued here