The loan blog

RMG Capital Corporation Reports ResultsCNNMoney.com (press release)An additional factor was the impact of the Bank's nonperforming loans, which together with the increased cash balances effectively reduced the net interest …and more »

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Mexico launches mortgage-backed mutual fundReutersMEXICO CITY, Nov 30 (Reuters) – Mexico's government-backed mortgage lender Infonavit said on Monday it is launching a mutual fund of …and more »

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Mexico Infonavit Hopes To Make 525000 Mortgage Loans In 2010Wall Street JournalBorras said he expects Infonavit to fall short of its 2009 goal of half a million loans due to a shortage of homes. "We will probably end the year with …and more »

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Brewer allies back payday lendersArizona RepublicPayday loans have become a political football in recent years, labeled predatory by critics but defended by advocates who say the loans remain a good option …and more »

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CBS News

UPDATE 1-FHA strips Ideal and Lend America of approvalsReutersAbuses included submitting false certifications and approving loans that failed to meet credit standards, it said. "We have no tolerance for lenders who …HUD Kicks Ideal Mortgage Bankers Out Of FHA ProgramWall Street JournalFHA proposes tighter rules for lendersThe Associated PressThe FHA goes upmarketWashington PostExaminer.com -CBS News -MortgageNewsDaily.comall [...]

Washington Post

US steps up pressure on lenders to modify more mortgages Treasury threatens …Washington PostMost of the 650000 homeowners enrolled in the program are stuck in its initial phase and still must prove that they qualify for reduced mortgage payments. …Treasury Pushes Mortgage Firms for Loan ReliefNew York TimesObama administration pushes to make mortgage modifications [...]

The Malaysian Insider

Commercial Mortgage Defaults in US Bank Portfolios Reach 3.4%Bloomberg1 (Bloomberg) — The commercial mortgage default rate on loans held by US banks more than doubled to 3.4 percent in the third quarter as vacancies rose and …US commercial mortgage default rate hits 3.4%Financial TimesUS commercial property loan defaults soar-reportsReutersDubai's credit debacle points to [...]

Small auto suppliers struggling to get loansDetroit Free PressThe Free Press reported last month that Comerica's automotive-related loans fell 20%, or $299 million, from the end of last year through August. …and more »

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Washington Post

Lenders are failing to modify risky loansTampa TribuneThe Treasury Department said Monday it will withhold payments from mortgage companies that aren't doing enough to make modified loans permanent. …US steps up pressure on lenders to modify more mortgages Treasury threatens …Washington PostTreasury pressuring mortgage firms to modify loansUSA TodayWhite House To Shame Lenders Who [...]

Volunteers try to give neighbors a hand in modifying their mortgagesChicago TribuneWhat she does know is they are behind on their mortgage payments and in danger of losing their homes to foreclosure. That affects them but also Gutierrez, …and more »

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