The loan blog

China's short-term foreign debt hits new highPeople’s Daily Online, China -1 hour ago… said the government could ward off speculative funds by prohibiting suspect enterprises from converting short-term foreign loans into yuan. …
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Reuters
4th UPDATE: IndyMac 2Q Net Down 57%, Hurt By Bad LoansCNNMoney.com -10 hours agoRecord defaults on "subprime" mortgages, or home loans to people with poor credit, have significantly dampened investor demand for mortgage-backed …IndyMac's Net Falls; Shares Surge on Credit Strength (Update6)BloombergIndyMac 2Q Earnings FallForbesIndyMac Net TumblesWall Street JournalInman.com (subscription) - Los Angeles Business Journal (subscription)all 38 [...]

Reuters
IndyMac 2Q Earnings FallForbes, NY -16 hours agoInvestors who buy mortgages originated by IndyMac can demand they be repurchased if the loans default shortly after they are made. IndyMac, which sells the …IndyMac Net TumblesWall Street JournalIndyMac earnings fall 57%Inman.com (subscription)IndyMac Up on Surprising EarningsLos Angeles Business Journal (subscription)CNNMoney.com - Reuters.ukall 38 news articles
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Rising cost of borrowing fails to stem demand for mortgagesTimes Online, UK -Jul 30, 2007Britons’ appetites for mortgages remained surprisingly strong in June, despite the rising cost of borrowing, figures showed yesterday, raising fears that …
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SBA offers loans to flooded Wisconsin businessesMilwaukee Small Business Times, WI -10 hours agoSteven Preston, administrator of the US Small Business Administration (SBA), announced that low-interest disaster loans will be made available to Wisconsin …Federal disaster assistance available for businesses affected by …Boonville Daily NewsSBA Offers Disaster Assistance to Wisconsin Residents and …Earthtimes.orgDisaster assistance available at new [...]

Moody's Says Some `Alt A' Mortgages Are Like Subprime (Update2)Bloomberg -7 hours agoBy Jody Shenn July 31 (Bloomberg) — Moody's Investors Service described some so-called Alt A mortgages as no better than subprime home loans, …
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Moody's refines ratings methodology for Alt-A loansReuters -5 hours ago1, address the poor performance of subprime-like loans, low and no equity loans, and low and no documentation loans which are present in certain Alt-A …Moody's Says Some `Alt A' Mortgages Are Like Subprime (Update2)Bloombergall 53 news articles
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Salary SinkholeWashington Post, United States -8 minutes agoTypically located in low-income neighborhoods, payday lenders offer short-term loans (generally two weeks) of several hundred dollars. …
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Flagstar Reports 2007 Second Quarter ResultsCNNMoney.com -3 hours agoThe increase from March 31, 2007 reflects an increase in loans available for sale. Flagstar Bank, our wholly owned subsidiary, was considered …Great Lakes Bancorp Announces 2007 Second Quarter ResultsCNNMoney.comFirst Federal Bankshares, Inc. Announces Earnings and Declares …CNNMoney.comAbington Bancorp, Inc. Announces Earnings for the Second Quarter …CNNMoney.comCNNMoney.com - CNNMoney.comall [...]

Turkish Press
Aust market slumps amid US mortgages jittersABC Online, Australia -2 hours agoAt 10:51am AEST, the All Ordinaries index had lost 94 points in a slide of 1.5 per cent. The slump comes after renewed jitters on the New York Stock …Macquarie Says Fortress Funds Value May Fall 25% (Update3)BloombergMacquarie Says Fortress Notes Value May Fall 25% [...]