The loan blog

MoneyGram is unlikely subprime mortgage casualtyMinneapolis Star Tribune (subscription), MN -1 hour agoMoneyGram's woes are particularly unsettling, say analysts, because the company had no obvious reason for investing in subprime mortgages. …

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CNNMoney.com

Weapons of mass financial destruction: The credit shockDaily Times, Pakistan -4 hours agoThe creators of asset-backed mortgages take ordinary mortgages and package them into pools. The derivatives created from these packages of mortgages are …ABOUT DAVID WESSELWall Street JournalPaulson pushes for aidBaltimore SunPaulson Says Housing Woes to WorsenNew York TimesThe Associated Press - 123Jump.comall 532 news articles

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San Joaquin Bancorp – Profits up as Loan Growth ContinuesBusiness Wire (press release), CA -4 hours agoTotal loan and deposit growth continued to exceed management’s expectations for 2007 with total loans, net of unearned fees, up 23% and total deposits up …Astoria Financial Corporation Announces Third Quarter EPS of $0.39CNNMoney.comMonarch Community Bancorp, Inc. Announces Third Quarter EarningsCNNMoney.comUnity [...]

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Mortgages slump by £30bn, says CMLIndependent, UK -3 hours agoBy David Prosser, Deputy Business Editor Borrowing for home loans slumped 12 per cent in September, with members of the Council of Mortgage Lenders making …Mortgages face tight squeezeFinancial TimesCML: Mortgages down 12% in SeptemberAboutProperty.co.ukall 41 news articles

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WRAL.com

Senate Banking Democrats urge Paulson to press harder for subprime …Forbes, NY -Oct 17, 2007'Those loans that had reset without modifications had delinquency rates as high as 15 percent.' The letter said the Moody's survey also found that large …Lenders still play fast and looseLos Angeles TimesStudy Finds Disparities in Mortgages by RaceNew York TimesLeaders grapple for [...]

Demand for loans around the world far outstrips supplyMarketWatch -24 minutes agoThere is a huge bottleneck of loans, despite great strides by financial institutions such as Calvert that have adopted micro-finance lending. …

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Kensington homes cost 16 times average wageIndependent, UK -4 hours agoWhile that might help buyers in the short term, it would destabilise the economy and threaten employment. Alistair Darling, the Chancellor, …

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New Zealand September Visitor Arrivals Slow On YearRTT News, NY -42 minutes ago10/18/2007 11:43:21 PM The number of short-term overseas visitor arrivals in New Zealand climbed to 168800 in September, marking an increase of 1.0% from …

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Subprime mortgages pulled amid credit fearsFinancial Times, UK -2 hours agoBuy-to-let lending and subprime mortgages have seen dramatic falls, according to Moneyfacts.co.uk, the financial comparison website. …

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AHM Gets Court OK to Refund Loan FeesHouston Chronicle, United States -1 hour agoRoss' $500 million offer faces opposition from Wall Street investors who own the loans American Home has been servicing, a portfolio estimated at from $40 …

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