The loan blog

CNNMoney.com

Are Covered Bonds a Safe Way to Finance Mortgages? Not LikelyBusinessWeek -2 hours agoby Peter Coy Treasury Secretary Henry M. Paulson Jr. is promoting covered bonds, a mortgage-financing vehicle popular in Europe, as a safer way to raise …Mr. Paulson's New BondsWall Street JournalREAL ESTATEInvestor’s Business Daily (subscription)Banks Act to Aid Mortgage LendingWall Street Journal BlogsNew [...]

IT'S JUST MY OPINIONSanta Ynez Valley Journal, ca -13 hours agoThe obvious answer is anyone who lives from paycheck to paycheck and has no other source for a short-term loan. Unfortunately, this includes the elderly and …

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Union Bank posts second-quarter lossKansas City Star, MO -2 hours agoThe loss came from management’s decision to set aside $5.1 million for possible losses, principally on loans to homebuilders and residential developers, …HILLSBORO, OR, Jul 30, 2008 (MARKET WIRE via COMTEX) — Columbia …MarketWatchCommunity Bank Reports 2008 Second Quarter Earnings of $5.5 MillionBusiness Wire (press release)THOUSAND OAKS, [...]

Earthtimes (press release)

Origen Financial Announces Second Quarter 2008 ResultsMarketWatch -7 hours agoLoans processed for third parties totaled $51.5 million for the quarter as compared to $31.9 million for the year ago quarter, an increase of 61 percent. …Central Virginia Bankshares Reports Second Quarter 2008 EarningsMarketWatchBeacon Federal Bancorp, Inc. Announces Earnings for the 2nd …MarketWatchCommunity Financial Shares, [...]

Boston Globe

Investor to restructure home loansBoston Globe, United States -1 hour agoUp to 200 homeowners with mortgages from Fremont Investment & Loan will be able to restructure their loans to lower their payments or get money to relocate. …Lender cuts Mass. deal over subprime mortgagesBoston HeraldAG, lender reach mortgage dealBizjournals.comWMD Capital Markets Purchases $65 Million in [...]

ITV.com

A recipe for a recovery in UK house pricesTelegraph.co.uk, United Kingdom -6 hours agoIn the US, there was already a large, liquid market in asset-backed securities – debt securities backed by pools of assets, most commonly mortgages, …Housing market When the tap turns offEconomistNo silver bullet for mortgages, UK is warnedFinancial TimesUK Mortgage Rescue Would Create `Risks,' [...]

Boston Globe

Lender cuts Mass. deal over subprime mortgagesBoston Herald, United States -1 hour agoBy Jerry Kronenberg A California investment firm has agreed to modify 200 Massachusetts homeowners’ subprime mortgages – slashing interest rates and …WMD Capital Markets Purchases $65 Million in Massachusetts MortgagesMarketWatchInvestor to restructure home loansBoston GlobeAG, lender reach mortgage dealBizjournals.comall 10 news articles

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New York Daily News

Big housing bill: no rescues soonChristian Science Monitor, MA -8 hours agoThe idea is to help troubled borrowers who took out loans before Jan. 1, 2008. A homeowner has to be able to afford a loan worth 87 percent of the appraised …Housing measure called good bandageChicago TribuneThe Limits on Mortgage ReliefWall Street JournalHomeowners, [...]

CNNMoney.com

Mr. Paulson's New BondsWall Street Journal -19 hours agoA covered bond is a kind of halfway house between securitizing mortgages and simply holding them on bank balance sheets. With a covered bond, the bank gets …Administration OKs new way to help mortgage marketThe Associated PressPaulson unveils new mortgage planCNNUS presses plan with banks to offer new [...]

Payday loan firms applaud NS regulator rulingTheChronicleHerald.ca, Canada -8 hours agoBy CLARE MELLOR Business Reporter Nova Scotians aren’t about to see big changes in the cost of taking out payday loans. The Nova Scotia Utility and Review …NS regulator caps fees on payday loansCBC.caNova Scotia Rate Cap on Payday Loans will Protect ConsumersCanada NewsWire (press release)NS regulator [...]