The loan blog

Axis Bank reduces floating rates of home loansHindu, India -18 hours agoMumbai, Oct. 6 (PTI): Private sector lender Axis Bank has reduced floating interest rates of home loans by 0.50 per cent for existing and future customers, …Personal loans can cost lessDaily News & AnalysisAxis bank reduces home loan ratesMyiris.comall 11 news articles

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Shaky mortgages squeeze homeownersMiamiHerald.com,  USA -13 minutes agoOne in five home buyers in Miami-Dade and Broward have taken out exotic mortgages since 2005. Now buyers' monthly payments are soaring, pushing many to the …

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Personal loans can cost lessDaily News & Analysis, India -1 hour agoMUMBAI: Have you ever wondered why you need to pay an interest of 16-25 per cent on personal loans, when interest on home loans in only 10-14 per cent? …Axis bank reduces home loan ratesMyiris.comAxis Bank cuts home loan floating rate by 50 bps; SBI [...]

MLive.com

Credit union financed real estate deals that went sourMLive.com, MI -1 hour agoHuron River disclosed in a financial filing earlier this year that it wrote off $61.5 million of its loans anticipating it wouldn't be able to collect on …

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BBC News

Sub-prime mortgages: a house of cards?BBC News, UK -34 minutes agoThe market for high interest sub-prime mortgages has been booming and it now accounts for about 8% of the total UK mortgage market. …

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Wisconsin Minorites Get Higher Share of Subprime LoansMyFox Milwaukee, WI -2 hours agoWITI-TV, MILWAUKEE — The 2007 Annual Minority Lending report says nearly four in ten mortgages to minorities in 2006 were sub-prime loans. …Number of minority home buyers down in 2006MarketWatchNearly Four in 10 Mortgages to Minorities Were Subprime in 2006PR Newswire (press release)Ask the Good [...]

Loans shock on foreign homesTimes Online, UK -1 hour agoBritish borrowers with euro mortgages, which have been popular in recent years because they have tended to be cheaper than sterling loans, could see their …

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ZTBL to provide loans to dairy farmersDaily Times, Pakistan -1 hour agoThe amount would be distributed among dairy farmers through Nestle Pakistan Limited (NPL), the sources said, adding that the NPL would provide the loans to …

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Philadelphia Inquirer

Merrill Lynch crashes into loss after $5bn writedownTimes Online, UK -1 hour agoThe loss came after Merrill was forced to write down about $4.5 billion of loans linked to collateralised debt obligations (CDOs) and sub-prime mortgages…Merrill admits losses of $5.5bn on bad loansGuardian UnlimitedMerrill Will Report Third-Quarter Loss on Writedowns (Update8)BloombergMerrill writes off $5.5bn in [...]

GE Money the clear favourite in Start Mortgages buyoutSunday Business Post, Ireland -1 hour agoGE Money, the banking division of US conglomerate General Electric, is in talks to buy Start Mortgages, the biggest sub-prime mortgage lender in the country …Dust settles on the credit crunchSunday Business Postall 2 news articles

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