The loan blog

Virgin Starting US Lender Aimed at Family and FriendsNew York Times, United States -14 minutes agoIt organizes and administers private loans. Virgin Money already runs sizable banking operations in Australia, South Africa and Britain, where it is leading …

More: continued here

It's a Great Time for a Mortgage LoanBarron’s (subscription) -10 minutes agoNot every lender's business was built on subprime loans. Alt-A or "low-doc/no-doc" loans are just a narrow slice of the portfolios of deep-pocketed …

More: continued here

Providence Journal

Study Finds Disparities in Mortgages by RaceNew York Times, United States -59 minutes agoBut some lenders not included in the list may issue subprime loans, and not every loan made by the specialized lenders is subprime. Any loan that carried an …Loan defaults in the area topped $1 billion over six months.Palm Beach PostSuburbs, urban areas [...]

Banks to Start Fund to Protect Credit MarketNew York Times, United States -10 minutes agoTo maintain its credibility with investors from whom it would raising money, the conduit will not buy any bonds that are tied to mortgages made to people …

More: continued here

CircleLending to become Virgin Money USABusinessWeek -18 minutes agoCircleLending now has $200 million in loans on its books — ranging from short-term loans for debt refinancing or other personal needs, to reverse home …

More: continued here

The Subprime FHAWall Street Journal -8 minutes agoBut just as financial players are applying more scrutiny to private-sector loans, the elected trustees of the taxpayers' piggy bank are looking to engage in …

More: continued here

Commonwealth Bank says earnings momentum maintainedReuters -17 minutes agoCommonwealth Bank said it raised more money in short-term markets due to recent market volatility. However, the bank held more liquidity assets during this …

More: continued here

Sabah

Hank Paulson's got an Enron-like crisis that could swamp Citigroup …BloggingStocks -6 hours agoBanks lent their solid credit ratings to SIVs so they could issue supposedly risk free commercial paper (CP) — a short-term corporate IOU — with higher …Banks Discuss Solution To Liquidity ProblemWall Street JournalBanks May Pay Billions to Prevent Securities Sell-OffToTheCenter.comBig banks push [...]

Govt, banks to meet over drought loans schemeABC Online, Australia -1 hour agoA meeting will be held with banking groups and the Federal Government this week about a proposed long-term, low interest loans scheme for drought affected …

More: continued here

UPDATE 1-SachsenLB sees 2007 net loss on subprime loansReuters -17 minutes agoFRANKFURT, Oct 14 (Reuters) – German state bank SachsenLB, which is being bought by peer LBBW following problems with subprime home-loans, said on Sunday …

More: continued here