The loan blog

Risky Loans Hurt ProfitsHartford Courant, United States -2 hours agoBy KENNETH R. GOSSELIN | Courant Staff Writer October 24, 2007 Deepening troubles with higher-risk home loans have grabbed hold at banks across the country …Higher-Risk Lending Hurts Webster FinancialHartford CourantWebster Reports 2007 Third Quarter EarningsPR Newswire (press release)UPDATE 1-Webster Q3 earnings trail Wall Street, shares downReuters.ukTrading [...]

Washington Post, USA Today Favor Liberal's Plan to Regulate MortgagesBusiness Media Institute, VA -2 hours agoBy Jeff Poor The Washington Post and USA Today continued the media trend of blaming the mortgage industry and letting borrowers off the hook and presented …

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KATU

Mortgage industry slow to modify loansKansas City Star, MO -38 minutes agoBy ALEX VEIGA AP LOS ANGELES | Countrywide Financial Corp. said Tuesday that it would offer borrowers refinancing or modifications on $16 billion in loans…Countrywide to Refinance Up to $16 Billion of Loans (Update6)BloombergCountrywide to offer refinancing on subprime loansMarketWatchCountrywide to Modify $16B in LoansThe Associated [...]

Washington Post

Countrywide To Offer To Rework 82000 LoansWashington Post, United States -24 minutes agoThey want lenders to restructure the debt in a way that makes the loans affordable. Countrywide, the nation's biggest mortgage lender, takes payments on …

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TCF sees profits drop more than 10%Minneapolis Star Tribune (subscription), MN -1 hour ago"The operating environment for all banks continues to be difficult in many areas: a flat or inverted yield curve [where short-term loans cost more than …

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Countrywide's New ScareWall Street Journal -20 minutes agoBy RUTH SIMON and JAMES R. HAGERTY Subprime mortgages aren't the only challenge facing Countrywide Financial Corp., the nation's biggest home-mortgage…

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PRESS TV

SBA: Loans Hit Record HighInc.com, NY -5 hours agoThe Small Business Administration approved $20.6 billion in loans for small businesses over the fiscal year ending Sept. 30, up from $2025 billion in 2006, …SBA sets loan records in FY 2007Bizjournals.comSBA Disaster Loans Available in Ohio Following Secretary of …Trading Markets (press release)SBA Disaster Loans Available in [...]

Wall Street Journal

Ofheo Is Pressured Over MortgagesWall Street Journal -20 minutes agoThe letters, obtained by Dow Jones Newswires through a Freedom of Information Act request, show how pressure on the agency has grown as mortgage-market …

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Beach Business Bank Reports Growth in Loans& DepositsCNNMoney.com -23 minutes agoBased on these commitments, the Bank realized 18.5% growth in net loans during the quarter compared to the previous quarter, and 68.0% growth in net loans…

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KPIC

Lenders Slow to Rescue Failing MortgagesThe Associated Press -26 minutes agoThe Mortgage Bankers Association is currently surveying its members to determine how many mortgages have been modified in recent months. …Countrywide Moves to Ease Mortgage MiseryBusinessWeekLargest US Mortgage Company to Refinance Thousands of At-Risk LoansVoice of AmericaUPDATE 2-Countrywide to modify $16 bln mortgagesReutersUSA Today - Bloombergall 435 [...]