The loan blog

Fannie Mae Seeks to Force Mortgage BuybackNew York Times, United States -4 hours agoBy BLOOMBERG NEWS Fannie Mae is in talks with the Federal Deposit Insurance Corporation and IndyMac to force it to buy back certain mortgages. …Fannie in Talks With FDIC to Force IndyMac to Buy Back LoansBloombergWait 'til next year for an IndyMac saleLos Angeles [...]

WAVY-TV

Laws Debut Today on DNA Samples in Md., Payday Loans in Va.Washington Post, United States -1 hour agoIt is designed to ease the cycle of debt endured by customers who repeatedly take out the high-interest, short-term loans offered by about 800 lending …Clampdown on payday loans starts ThursdayRichmond Times DispatchPayday lending rate cap among new laws in [...]

ABC News

GM Gets $4 Billion in Loans; Chrysler Still WaitingBloomberg -5 hours agoChrysler has said it would run short of cash some time in January. The company could continue to operate until the Treasury funds come through, …Chrysler Aid Is Bogged DownWall Street JournalNo Word on GMAC Vote as Deadline ExpiresNew York TimesTreasury keeps car loans [...]

WAVY-TV

Payday delay? Tough luck, buddyThe Union Leader, NH -1 hour agoMore middle-class Americans are turning to payday lenders for short-term loans. In New Hampshire, that's no longer an option. Rep. John Reagan, R-Deerfield, …Laws Debut Today on DNA Samples in Md., Payday Loans in Va.Washington PostPayday lending rate cap among new laws in NHForbesNew Va. payday lending [...]

Escondido hotel developer will miss loan deadlineSan Diego Union Tribune, CA -2 hours ago“I'm kind of relieved that we can restructure how we want to invest the money,” she said, adding she favors short-term budget cuts to rein in spending. …

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Maktoob Business (press release)

Fannie in Talks With FDIC to Force IndyMac to Buy Back LoansBloomberg -1 hour agoThe discussions involve IndyMac loans sold to Fannie Mae and currently serviced by the bank, according to an e-mailed statement today from the …Lower Fan-Fred Limit May Hurt High-Price MarketsWall Street Journal BlogsFed to ramp up purchases of [...]

Housing, credit crises slammed bank stocks in '08Forbes, NY -4 hours agoAs the housing market tanked and defaults on mortgages spiked, nearly all banks were forced to set aside huge amounts of cash to cover loan losses just as …

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China Daily

US Treasury: Low confidence blunts TARP loan impactReuters -2 hours ago… a series of financial institution failures, but low economic confidence was blunting the delivery of new loans spurred by bank capital injections. …Defending TARPConde Nast PortfolioLocal banks get in on TARPSt. Joseph Herald Palladium (subscription)Bank of Clarke says no to $10 million federal investmentNorthern [...]

ABC News

GM Gets $4 Billion In Low Interest Loans; Chrysler Still WaitingCNNMoney.com -37 minutes ago(GM) said it received $4 billion in low-interest loans from the federal government Wednesday while Chrysler LLC, slowed by the application process, …GMAC Makes It Easier to Get a Car LoanNew York TimesGeneral Motors gets first tranche of US loanThe Associated [...]

ABC News

Chrysler Aid Is Bogged DownWall Street Journal -5 hours ago… for additional loans. Ford Motor Co. opted out of the bailout, saying its short-term cash position wasn't as dire as that of its two Detroit rivals.GMAC Adds Loans as US Injects $6 Billion to Aid GMBloombergNo Word on GMAC Vote as Deadline ExpiresNew York TimesTreasury [...]