loans

Walk Away If Mortgage Underwater Says Professor

Michael Santo — Sun, 29 Nov 2009 12:23:42 -0600

A new academic paper urges homeowners who are "underwater," meaning who owe more than the value of their home to walk away. Brent T. White, a University of Arizona law school professor, added that they should feel no remorse or guilt in doing so.

Payday loans for a longer term might reduce chances of defaulting

Mon, 10 Aug 2009 03:10:13 -0500

People get the payday loans for their emergency situations. But the sad thing is that many people also default on these loans and make the interests escalate to very high amounts.

Wisconsin Research Highlights Need For Short Term Credit

Armen Hareyan — Fri, 07 Aug 2009 11:15:04 -0500

Julie A. Urban, Ph.D. and Marzeih Bolhassani, Ph.D., both of the University of Wisconsin System, released the findings of their recent payday lending survey today at the 2009 Understanding and Overcoming Poverty in Wisconsin Conference.

Consumer Credit Plunges Record $11.1 Billion

Armen Hareyan — Fri, 08 May 2009 08:51:29 -0500

CNN Money is reporting Consumer credit falls a record $11.1B, more than three times analysts' estimates. Consumers are borrowing less.

US Congress failed to reach agreement on loan package

harminka — Fri, 12 Dec 2008 15:40:12 -0600

Last night the United States Congress failed to reach agreement on a loan package in support of the US auto industry. Obviously, we're very disappointed in this development.

BBB Provides $2.0 Million Loan Package To Village Products

ruzik_tuzik — Fri, 19 Sep 2008 08:51:32 -0500

Bridge Business Bancorp, an operating division of Bridge Finance Group, today announced that it has provided Village Products, Inc. with a $1.5 million revolving line of credit and a $500 thousand SBA 7(a) term loan.

Copper Mesa Mining Announces Bridge Loan Facility

ruzik_tuzik — Thu, 11 Sep 2008 05:12:08 -0500

Copper Mesa Mining Corporation (TSX:CUX) today announced that it has negotiated at arms-length a secured bridge loan facility from private investors for up to US$2.3 million . The Loan is due on the first anniversary of the initial advance and bears interest at 6% per annum, payable quarterly. Each advance under the Loan is subject to certain conditions.

ESI Entertainment Announces USD 2 Million Loan

ruzik_tuzik — Thu, 26 Jun 2008 23:23:47 -0500

ESI Entertainment Systems Inc. (TSX: ESY) is pleased to announce that the Company has completed a loan agreement of USD $2 million bearing interest at the rate of 6% per annum and repayable in two installments with the first due on December 11, 2008 and the second due on June 11, 2009; the loan is secured by first ranking fixed charges on the entire issued share capital of two of the Company's principal subsidiaries, ESI Integrity Inc. and Citadel Commerce UK Limited.

DebtX To Sell $52 Million Loan Portfolio

ruzik_tuzik — Sat, 14 Jun 2008 01:57:50 -0500

DebtX, the largest marketplace for commercial whole loans, today announced it has been selected by a major U.S. commercial bank to dispose of more than $52 million in commercial and multifamily real estate loans.

FFIN Announces Student Loan Sale

ruzik_tuzik — Thu, 15 May 2008 03:30:23 -0500

First Financial Bankshares, Inc. (Nasdaq: FFIN) today reported the sale of approximately $50 million in student loans in April and May 2008, recognizing a before income tax premium of approximately $1.5 million, similar to amounts recorded in the second quarter of 2007.

Citi Starts the Death March of Stated Loans in Earnest

Armen Hareyan — Fri, 09 May 2008 14:19:47 -0500

Citi released some guideline changes in the wholesale changes that can be described easily as the first big step towards killing stated income loans.

Kennedy Funding Closes Four Loans In One Day

ruzik_tuzik — Wed, 07 May 2008 07:00:42 -0500

In a lending environment where securing a loan is increasingly out of reach for borrowers, April 16 proved momentous for Hackensack-based Kennedy Funding, Inc. The direct private lending company closed four loans that day, three for land development and one for financial restructuring, totaling almost $40 million.