The loan blog

Prudential Net Falls on Investments, Subprime Loans (Update3)Bloomberg -3 hours agoBy Josh P. Hamilton Oct. 31 (Bloomberg) — Prudential Financial Inc., the second-largest US life insurer, said third-quarter earnings fell 28 percent on … More: continued here

Fed rate cut won't end banks' woesReuters -9 hours agoThe Fed's decision to cut its key overnight lending rate to 4.50 percent from 4.75 percent will lower a variety of rates pegged to short-term market rates, … More: continued here

Earthtimes FedFirst Financial Corporation Announces Third Quarter ResultsBusiness Wire (press release), CA -8 hours agoThe remaining $10.0 million was utilized to pay maturing short-term Federal Home Loan Bank borrowings. Noninterest expense increased $1.1 million to $6.7 …Franklin Bank Corp. Announces Third Quarter 2007 EarningsCNNMoney.comImperial Capital Bancorp, Inc. Reports Earnings for the Quarter …CNNMoney.comall 121 news articles More: [...]

Axe hanging over Scottish Merrill jobsScotsman, United Kingdom -2 hours agoMERRILL Lynch-owned specialist lender Mortgages plc is to axe up to 65 jobs, with many likely to be in Glasgow where it employs the majority of its staff. …Mortgages PLC confirms 65 redundanciesMortgage Strategyall 3 news articles More: continued here

Borrowers and savers need to see whether Fed's action affects themKansas City Star, MO -44 minutes agoTaylor noted that even some short-term rates consumers pay on adjustable-rate mortgages or credit cards are tied to the London Interbank Offering Rate or … More: continued here

Banco Santander Chile Announces Nine Month and Third Quarter 2007 …CNNMoney.com -2 hours agoDuring the quarter inflation jumped well-above market expectations fuelling a rise in short-term interest rates, while long-term rates descended. … More: continued here

Silver Wheaton Reports Q3 Earnings of US$19 Million and Operating …Earthtimes, UK -3 hours agoThe Revolving Loan is for a period of 7 years and the Term Loan is to be repaid in equal installments over a period of 7 years, however, prepayments are … More: continued here

Wired News Prosper Files With SEC To Create Loan Resale MarketplaceWired News -2 hours agoIn short, it's an auction marketplace for loans. According to the document, if an original lender wanted to re-sell his loan, he would need to hold it for … More: continued here

Earthtimes Abington Bancorp, Inc. Announces Record Net Income for the Third …CNNMoney.com -3 hours agoThe increase in cash and cash equivalents included the purchase of $39.9 million of short-term FHLB discount notes and a $17.8 million increase in …FedFirst Financial Corporation Announces Third Quarter ResultsBusiness Wire (press release)Brooklyn Federal Bancorp, Inc. Announces Operating Results for the [...]

Wired News Prosper proposes secondary market for person-to-person loansBizjournals.com, NC -2 hours agoProsper Marketplace Inc., an online credit auction platform, is seeking regulatory approval for a secondary market in which lenders could resell their loans…Prosper Files With SEC To Create Loan Resale MarketplaceWired NewsProsper Registers With SEC to Create a $500 Million Secondary …TechCrunchProsper Marketplace, Inc., Files [...]