The loan blog

24dash Mortgages face tight squeezeFinancial Times, UK -2 hours agoBy Jane Croft While Thursday’s figures from the Council of Mortgage Lenders have yet to register the impact of the credit squeeze, there is already ample …CML: Mortgages down 12% in SeptemberAboutProperty.co.ukall 39 news articles More: continued here

Canadian Commercial Paper Linked to US, DBRS Says (Update1)Bloomberg -4 hours agoCommercial paper funds that have been unable to roll over debt since mid-August had 23 percent of their holdings in traditional assets like mortgages and …Risky assets in debt market, DBRS saysGlobe and MailCanada trusts, ABCP conduits hold US subprime debtReutersall 16 news articles More: [...]

Brookline Bancorp Announces 2007 Third Quarter Earnings and …WELT ONLINE, Germany -52 minutes agoThe improvement in net interest margin resulted primarily from an increase in higher yielding loans. Net interest margin, however, declined from 3.20% in … More: continued here

Pacific State Bancorp Announces 3rd Quarter EarningsCNNMoney.com -47 minutes agoThe result was an increase in the deferred costs associated with short term loans (less than twelve months). — Annualized Return on Average Assets: 1.26% … More: continued here

Corus earnings down 31% on loan problemsChicago Tribune, United States -10 hours ago“The repercussions include decreased loan originations and, as a result, decreased loans outstanding, increased nonperforming loans and the first …Profits fall 31 percent at Condo lender CorusBizjournals.comCorus Bankshares 3Q Profit Falls 31 PctForbesall 11 news articles More: continued here

ND: Loans OK'd for Tornado-Damaged HomesHouston Chronicle, United States -5 hours agoIt now has $3.2 million available for loans, Anderson said. The Northwood initiative will make half that amount, or $1.6 million, available for residents …Northwood homeowners may be eligible for state loans to rebuildReiten Television KXMB Bismarckall 21 news articles More: continued here

Fair Investment Company Britons putting mortgages on cardsThe Mortgage Provider Online, UK -2 hours agoBorrowers with bad credit scores often need to turn to mortgage advice in order to find the best deal available for them, but it's unlikely that any …Thousands paying mortgages by credit cardReuters.ukFinancially stretched pay mortgages by credit cardFinance MarketsOne million people pay [...]

Philadelphia Inquirer WaMu earnings miss the markCNNMoney.com -7 hours agoUnlike some of the big Wall Street banks such as Citigroup (Charts, Fortune 500), which got burned by converting troubled home loans made into securities, …WaMu doesn't expect to see woes end soonSeattle TimesStock Market Update – Thu Oct 18 10:57:59 EDT 2007ReutersWashington Mutual's Profit Falls on [...]

Property News Returns ''at highest level for 15 months'' – buy to let mortgagesMortgages for Business, UK -2 hours agoThe average return for landlords with Buy to Let Mortgages has reached the highest level seen since summer 2006 due to landlords capitalising on a softening …Landlord returns rise as housing market dipsAssetz NewsReturns up, void periods down [...]

Profits fall 31 percent at Condo lender CorusBizjournals.com, NC -2 hours agoIn its earnings release, Corus said it anticipates its problem loans"could get worse before they get better." Corus also said it has three South Florida … More: continued here