The loan blog

Cost of large mortgages hits post-9/11 highGuardian Unlimited, UK -11 minutes agoThe Bank's data for August showed that even before the Northern Rock crisis last month, the cost of large mortgages rose to the highest since the 9/11 … More: continued here

Hudson City: Small Bank, Big PromiseBusinessWeek -33 minutes agoApproximately 82% of these loans are fixed rate, which tend to have lower delinquency rates than adjustable-rate mortgages. The company services all loans … More: continued here

Uganda: Govt to Give Out Low-Interest LoansAllAfrica.com, Washington -2 hours agoPresident Yoweri Museveni has said the government will empower people to fight poverty by providing them with low-rate interest loans and agricultural … More: continued here

Sky News Australia Westpac to Buy Rams Home Loans Franchise Business (Update1)Bloomberg -21 minutes agoWestpac will provide up to A$2 billion to fund new loans and help refinance the Sydney-based company's existing debt, Westpac said in a statement today. …Australia's Westpac to Buy RAMS BusinessCNBCWestpac buys RamsSky News AustraliaWestpac acquires RAMS franchise businessThe Ageall 10 news [...]

Brazil BNDES sees 100 bln reais in loans by 2010Reuters -55 minutes agoCoutinho said he was negotiating with the Treasury a cash injection in order to provide more loans. The BNDES finances many of Brazil's infrastructure … More: continued here

CONSUMER BANKING How to evaluate mortgage bail-out programsMarketWatch -33 minutes agoHowever, if payment relief is critical, you may have no other option than to obtain a longer-term loan. Carefully shop different lenders for rates, points, … More: continued here

Uganda: KFS Buys Loans SoftwareAllAfrica.com, Washington -2 hours agoThe licenses for the "Loan Performer" software, developed by Crystal Clear Software Ltd, will be supplied over a period of 13 months. … More: continued here

Javno.hr Citigroup, UBS to Post Sharp Losses for Bad LoansNPR -2 hours agoBut it will write down about $1.4 billion of its $57 billion portfolio of leveraged loans, lose about $1.3 billion on the value of securities backed by …Citigroup, UBS Say Subprime Losses Damage Results (Update2)BloombergUBS Forecasts Loss Due to Subprime WoesThe Associated PressCredit Suisse [...]

Correction: Fitch Rates Spectrum's New $225MM Sr Loan Facility 'B …Business Wire (press release), CA -1 hour agoThe new facility will replace the $200 million LIBOR Term Loan B II that is encompassed within the $1.6 billion six-year Credit Agreement. … More: continued here

Hocking County has many payday lendersLogan Daily News, OH -41 minutes agoPayday lending companies offer short-term, high interest loans given for a post-dated check for the amount of the loan and the addition of lender's fees. …Payday Loans May Face More RegulationWHIOtv.comall 5 news articles More: continued here