The loan blog

Banks May Pool Billions to Stop Securities Sell-OffNew York Times, United States -16 minutes agoSIVs, which issue short-term notes to invest in longer-term securities with higher yields, are often organized by banks but are not actually owned or held …

More: continued here

Established lending institutions getting on the quick loan trainThe Union Leader, NH -25 minutes agoSt. Mary's Bank's short-term loan offering is still being developed, and some things — such as its name — remain up in the air. But credit union officials …

More: continued here

Sugar Creek bank bucks trend on mortgage loansKansas City Star, MO -39 minutes agoThe network generates $350 million in home loans a month, which the bank packages and sells to investors. “The slump in the market opened a door of …'Eco-friendly' loans gaining momentumChicago Daily Heraldall 3 news articles

More: continued here

Area banks post healthy numbers for first half of yearKansas City Star, MO -36 minutes agoBy MARK DAVIS Kansas City’s banks enjoyed a healthy first half of 2007, though problem real estate loans put a rough edge on the results. …

More: continued here

City looking at options to deal with bad loansRockford Register Star, IL -17 minutes agoBy Sean F. Driscoll City officials are reviewing options on a series of delinquent loans to small businesses, working on a plan to seek repayment for some …

More: continued here

Dip into 401(k) with cautionArizona Republic, AZ -30 minutes agoOne advantage is that such loans typically can be arranged quickly and easily, providing a ready source of cash. And since you're tapping into your own …

More: continued here

Banks to set up $80 bn fund to limit credit crunchEconomic Times, India -12 minutes agoSIVs bought assets like mortgage securities from banks, and financed their purchases using short-term debt known as commercial paper. …

More: continued here

Don’t start paying tax on interest-free loansThe Times, South Africa -1 hour agoDoes this principle apply to all persons to whom interest-free loans are made? The facts of the case are very specific: The recipient of the interest-free …

More: continued here

Still a market for new mortgagesThe Times, South Africa -1 hour agoAhead of yet another interest rate increase this week, former SA Home Loans boss Simon Stockley launched a new homeloan company on Monday. …

More: continued here

Beware builders’ mortgage dealsTimes Online, UK -1 hour agoThe deal is available on mortgages up to £350000 and borrowers must put down a deposit of at least 10% and take a two-year fixed-rate deal. …

More: continued here