The loan blog

KIMA CBS 29 Lending giant suffers big lossHouston Chronicle, United States -15 hours agoBut its shares soared after Countrywide said it would turn a profit this quarter and 2008 as it shuns subprime and other higher-risk loans. …Countrywide Financial reports 3Q loss of $1.2B on mortgage woes …International Herald TribuneCountrywide Posts Loss as Borrowers Default on Loans [...]

/CORRECTION — Cowlitz Bancorporation/CNNMoney.com -Oct 26, 2007"Total assets increased to $517 million, with loans reaching $399 million, an increase of 16% over September 30, 2006 and up 11% from year-end 2006. …Bank of Commerce Holdings(TM), Announces Third Quarter 2007 …CNNMoney.comPamrapo Bancorp, Inc. Reports Third Quarter ResultsCNNMoney.comCentral Jersey Bancorp Announces a 44 Percent Increase in Net …CNNMoney.comall [...]

Developers look to sell prime titlesStuff.co.nz, New Zealand -56 minutes agoBoth the freehold and several of the underlying leasehold titles have mortgages over them. The first mortgages are to the Bank of New Zealand and the second … More: continued here

BC taking Air India defendant to court for millions owedCanada.com, Canada -8 hours agoMortgages totaling $1.6 million were registered by the attorney general against Malik's interest in the family home, the hotel and the warehouse, … More: continued here

18 auto firms get N5.27bn loansThe Tide, Nigeria -18 hours agoThe Director General of NAC, Mr Aminu Jalal, who disclosed this to newsmen said N3.31 billion was disbursed as loans to 18 companies. … More: continued here

PR-Inside.com (Pressemitteilung) Countrywide projects return to profitReuters -8 hours agoBut it said investors are now comfortable buying more loans it makes, reducing fear it will be stuck holding too many delinquent and defaulted mortgages on …Sub-prime defaults cost Countrywide $1.2bn in three monthsGuardian UnlimitedCountrywide takes huge hit, ends quarter $1.2 billion in redLos Angeles Daily Newsall [...]

Hindu Business Line Syndicate Bank net up 11% on better yield on loansHindu Business Line, India -Oct 26, 2007To push asset growth: Mr CP Swarnkar (left), CMD, Syndicate Bank, and Mr George Joseph, Executive Director, at a press conference in Bangalore on Friday. … More: continued here

Mortgage giant has huge quarter lossUnited Press International -Oct 26, 2007Most of the losses were in dud loan mortgage sales and markdowns on the value of loans intended for sale but which no one would buy. … More: continued here

Thrift banks’ bad loans ratio rises to 9.12% in AugABS CBN News, Philippines -1 hour agoBy DES FERRIOLS As lending dropped significantly in August, thrift banks’ bad loans ratio deteriorated due to marginal increase in non-performing loans… More: continued here

Business Line Can my grandma claim exemption?Business Line, India -1 hour agoIn such a case, though a capital gain would normally arise and would be treated as short term since the shares have been held for a period not exceeding 12 … More: continued here