The loan blog

Javno.hr Banks seek secret loans after Rock ruinTimes Online, UK -3 hours agoBritish banks have snubbed the Bank of England’s offer of a £10 billion loan for the second week running, preferring instead to borrow anonymously from the …BOE Figures May Include Loans to Northern RockWall Street JournalNo takers in Bank of England saleBBC Newsall 135 news [...]

European inter-bank loan rate at six-year highTelegraph.co.uk, United Kingdom -7 minutes ago… has soared as cash-strapped UK banks with European operations have chosen to tap the cheaper, and more anonymous, European market for short-term funds. … More: continued here

Telegraph.co.uk HBOS shifts focus from home loansTelegraph.co.uk, United Kingdom -23 minutes agoHBOS writes one in every five mortgages in Britain. Instead of tying up the bank's capital in mortgage lending, Mr Hornby plans to take advantage of the …HBOS warns mortgage market set to slowTelegraph.co.ukBorrowers set to suffer as credit crisis takes toll of homeownersTimes Onlineall 25 [...]

Sky News Australia Morgan Stanley Cuts 600 Jobs in Home-Loan Business (Update2)Bloomberg -3 hours agoWall Street firms, which make money by packaging loans into bonds and selling them to investors, bought mortgage companies in recent years to obtain more …Morgan Stanley scales back mortgage businessMarketWatch3rd UPDATE: Morgan Stanley Laying Off 600 In MortgagesCNNMoney.comMorgan Stanley mortgage restructuring [...]

Servihoo Morgan Stanley scales back mortgage businessMarketWatch -6 hours agoThe company has three mortgage businesses in the US — Saxon Capital, which services and offers subprime loans through brokers; Morgan Stanley Credit Corp., …3rd UPDATE: Morgan Stanley Laying Off 600 In MortgagesCNNMoney.comMorgan Stanley mortgage restructuring calls for new HQ in IrvingBizjournals.comMorgan Stanley cuts 600 mortgage jobsFinancial [...]

Alfred Mann Loans MannKind $350 MillionCNNMoney.com -1 hour agoNEW YORK (Associated Press) – Biopharmaceutical company MannKind Corp. said it signed a new $350 million loan agreement with Chief Executive and Chairman … More: continued here

Servihoo Morgan Stanley Cuts 600 Jobs in Home Loan Business (Update1)Bloomberg -2 hours agoWall Street firms, which make money by packaging loans into bonds and reselling them to investors, acquired mortgage companies in recent years to get more …Morgan Stanley Shuffles Mortgage UnitThe Associated PressMorgan Stanley scales back mortgage businessMarketWatch3rd UPDATE: Morgan Stanley Laying Off 600 [...]

SBA to Extend Gulf Opportunity Pilot Loan Program Through …PR Newswire (press release), NY -1 hour agoThe loans are delivered through local banks and handled under an expedited process that can deliver a response in 24 hours or less. …Former loan company chief pleads guilty to fraud-related chargesDetNews.comall 20 news articles More: continued here

Loan servicers create new mortgage snagsSunHerald.com, MS -1 hour agoA recent survey by Moody's Investors Service showed that only 1 percent of loans to people with poor credit records that reset in the first three months of … More: continued here

Servihoo 3rd UPDATE: Morgan Stanley Laying Off 600 In MortgagesCNNMoney.com -2 hours agoMorgan Stanley said it continues to grow its mortgage servicing business – which involves processing mortgages and delinquency payments for itself and other …Morgan Stanley slims down mortgagesCNNMoney.comMorgan Stanley scales back mortgage businessMarketWatchMorgan Stanley Cuts 600 Jobs in Residential Mortgage BusinessBloombergall 128 news articles [...]