The loan blog

3 Largest Banks Team on Rescue FundThe Associated Press -24 minutes agoThe plan is designed to inject more confidence into the market and increase investor appetite for the short-term debt known as commercial paper. … More: continued here

What price the Rock?Independent, UK -37 minutes agoOne thing is the short-term earnings, which don't look very pretty," he said. "But the only way you can roll that out is if you assume that the lousy … More: continued here

Earthtimes Behind The Banking RescueForbes, NY -3 hours agoCommercial paper is not a household term, but it is used by financial institutions and large corporations with strong credit ratings to raise short-term…Banks, Treasury Team to Avert Credit CrisisSmartmoney.comall 77 news articles More: continued here

60% jump in househunters turned down for mortgagesThe Herald, UK -1 hour agoMartin Smith, financial services director with Glasgow-based estate agents Clyde Property, said: "We deal with around 1000 mortgages a year and there is …No-Fee Home Loan Helps Bank of America Boost Market ShareCNNMoney.comall 3 news articles More: continued here

COMM BANCORP, INC. Reports Increase in Third Quarter EarningsCNNMoney.com -3 hours agoIn addition, loans, net of unearned income averaged $31.8 million or 7.5% higher comparing the nine months ended September 30, 2007 and 2006. …Macatawa Bank Corporation Reports Third Quarter EarningsCNNMoney.comPeoples Bancorp Announces Third Quarter Earnings ResultsCNNMoney.comCrescent Financial Corporation Announces Solid Earnings and Strong …CNNMoney.comCNNMoney.com - CNNMoney.comall [...]

Adjustable rate mortgages puzzle, worries homeownersWKYC-TV, OH -2 hours agoMany Ohio homeowners are worried that increases in their adjustable rate mortgages (ARM's) may leave them unable to pay their monthly mortgage payment. …Mortage rates survey find homeowners don't know detailsAkron Beacon Journal• Adjustable-rate mortgage increases to hit homeThe Plain Dealer – cleveland.comSurvey Illuminates Dilemma for Homeowners Facing [...]

Goodbye subprime, hello FHACNNMoney.com -1 hour agoNow with the subprime market eviscerated, loan officers will be steering more borrowers with weak credit to loans insured by the Federal Housing …UPDATE 1-FHA has "huge" role in housing recovery–bank execsReutersThe Subprime FHAWall Street JournalComplianceEase’s New FHA Offering Helps Mortgage Lenders Rebuild …Business Wire (press release)Realty Times - Baltimore Sunall [...]

StarPhoenix Banks Set Plan to Revive Credit MarketThe Associated Press -39 minutes agoThe plan is designed to inject more confidence into the market and increase investor appetite for the short-term debt known as commercial paper. …Banks Start Fund to Protect Credit MarketNew York TimesMajor US banks announce plan to ease credit squeezeAFPCitigroup, Bank of America Plan [...]

StarPhoenix Banks move to rescue debt marketChristian Science Monitor, MA -2 hours agoThe new conduit is needed to absorb the billions of dollars in commercial paper – very short-term loans – sold to large institutional investors through a …Major US banks announce plan to ease credit squeezeAFPBanks Start Fund to Protect Credit MarketNew York TimesBanks Set Plan [...]

Hindu Business Line IDBI Bank cuts floating home loan ratesBusiness Standard, India -3 hours agoIndustrial Development Bank of India (IDBI) has cut floating interest rate on new home loans by 50 basis points to 10.5 per cent. …Cheaper creditSifyIDBI reduces floating home loan interest rate by 0.50 per centEconomic TimesBank of Baroda cuts home loan rates againBusiness [...]