Business loans surge 20% in Dec. from Nov. 2011 – BSP reports

Bank loans for businesses jumped 20 percent to P2.54 trillion last December P2.496 billion a month earlier, boosted by increased lending to the utilities, mining and wholesale and retail sectors, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.

Student-Loan Debt Near $1 Trillion; Stocks Rally

Feb. 8 (Bloomberg) -- Jane King summarizes the top stories this morning on the Bloomberg Business Report. (Source: Bloomberg)

Port Vale late with loan payment

Port Vale director Mike Lloyd admits that the club have been late in paying two instalments of a council loan.

Entrepreneur pushes Chinese role in global credit

Guan Jianzhong is waging a one-man crusade to change the global credit rating industry.

Faulty Loans Top $72 Billion as Banks Seek Legal Deal: Mortgages

Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry’s practices.

Faulty Loans Top $72 Billion as Banks Seek Deal With Regulators: Mortgages

Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry’s practices.

Mortgage Compliance and Real Estate Loss Mitigation Company, American Loan Compliance, Featured in National Business ...

NEW YORK, Feb. 7, 2012 /PRNewswire/ -- American Loan Compliance, America's leading loss mitigation and commercial mortgage loan audit report experts, were recently featured in the press showcasing the ...

Mortgage Compliance and Real Estate Loss Mitigation Company, American Loan Compliance, Featured in National Business ...

NEW YORK, Feb. 7, 2012 /PRNewswire/ -- American Loan Compliance, America's leading loss mitigation and commercial mortgage loan audit report experts, were recently featured in the press showcasing the ...

S Korea Banks' Household Loans Fall By Record Amount In January

South Korean banks' lending to households fell the most on record in January because of lower mortgage loans amid sluggish housing transactions, the Bank of Korea said Wednesday.

Prologis Closes Multi-Currency Senior Term Loan Agreement

SAN FRANCISCO, Feb. 7, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD - News), the leading global owner, operator and developer of industrial real estate, today announced that it has entered into a senior term ...

Credit unions' best credit cards

Credit unions often offer lower interest rates on their credit cards than big banks do, but some are better than others. Here are 4 to consider.

Eyes on dissident states as mortgage deal nears (Reuters)

Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.

Eyes on dissident states as mortgage deal nears

(Reuters) - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said. Negotiators said a federal-state mortgage servicing settlement already has the backing of over 40 states but so far lacks the support of a handful of critical states, including ...

More US states to join foreclosure-abuse deal (AP)

AP - Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages.

Economic Report: Consumer credit surges in December

Consumer credit popped for the second straight month in December, a sign that consumers are feeling more confident about their prospects and the economy.

SBA 504 Loans Hit Record Low Interest Rate for February

The Small Business Administration's 504 loan program is providing stable, long-term, fixed rate financing for commercial real estate and the purchase of other capital fixed a

Invesco Mortgage Capital Inc. to Announce Fourth Quarter 2011 Results

ATLANTA, Feb. 7, 2012 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR - News) will announce its fourth quarter 2011 results on Thursday, February 23, 2012 at 8:30 am ET. Scheduled to speak are Richard ...

THL Credit Schedules Fourth Quarter Earnings Release and Conference Call

BOSTON -- THL Credit, Inc. ("THL Credit"), a middle market capital specialist, today announced that it will report its financial results for its fiscal fourth quarter 2011 after the market closes ...

The Student Loan Crisis Is Crippling America's Families -- Is The Economy Next?

With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including parents who co-signed and now face the loss of nest eggs, retirement homes and other assets), America faces the very real possibility of another major economic threat on par with the devastating home mortgage crisis, according to a new survey and report, Student Loan 'Debt ...

Sofame Bridge Loan Maturity Extended to March 15th

Analysis: Banks largely reserved for U.S. mortgage pact cost (Reuters)

Reuters - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

Analysis: Banks largely reserved for U.S. mortgage pact cost

(Reuters) - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines. After more than a year of negotiations, the banks already have set aside money to cover legal costs and have built up their reserves to cover losses from reducing how much borrowers ...

How Boeing Measures Up (The Motley Fool)

The Motley Fool - Aerospace and defense giant Boeing (NYSE: BA - News) recently posted decent fourth-quarter numbers followed by a weak future outlook. While that information could be useless out of context, a broader view will help in judging where the company stands at present. Here's an analysis of Boeing's strengths, weaknesses, opportunities, and threats which should help develop a more complete picture about the company.

30-Year Fixed Mortgage Rate Drops to New Record Low; Current Rate is 3.66%, According to Zillow Mortgage Rate Ticker

SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.66 percent, down six basis points from 3.72 percent at this same time last week. This represents the lowest rate ...

HomeStreet Bank Hires Former MetLife Home Loans Mortgage Professionals From Across Three-State Area

HomeStreet Bank, a subsidiary of HomeStreet, Inc., has hired a substantial majority of the loan production personnel based in Washington, Oregon and Idaho from MetLife Home Loans, whose parent company, MetLife, Inc., announced on January 10, 2012 that it would no longer originate forward mortgages.

Delaware officials wrestle over mortgage deal (Reuters)

Reuters - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.

Earnings Preview: Credit Suisse to post Q4 results

Credit Suisse Group's earnings results for the fourth quarter of 2011, due before financial markets open Thursday in Zurich, are expected to show a drop in profits.

Prudential Mortgage Capital Company posts strong originations 2011

Prudential Mortgage Capital Company originated nearly $9.7 billion in commercial mortgages for 2011, surpassing its 2010 level of $9.1 billion, making it the company’s third largest production year ever.

Electric car maker and U.S. loan recipient Fisker cuts jobs

Fisker Automotive, the electric car company that received $528 million in Energy Department loan guarantees, announced layoffs at its Delaware production facility on Monday.

Canadian Mortgage Rates Market Expected to Cool

TORONTO, ONTARIO-- - Recent fluctuations in variable and fixed mortgage rates have left Canadian consumers confused about future mortgage trends. The good news is that February should be less volatile, ...

Fed Actions Drive Mortgage Rate Expectations

WASHINGTON, Feb. 7, 2012 /PRNewswire/ -- The majority of Americans continue to expect no change in mortgage rates over the next 12 months, according to results from Fannie Mae's January 2012 National Housing ...

CoVantage Credit Union Deploys Tyfone Mobile Wallet Services to Its Members

CoVantage Credit Union , serving 17 counties in Wisconsin and Michigan, today announced the availability of Tyfone mobile wallet services to its members. CVCU teamed with Tyf

Fisker has layoffs while renegotiating federal loan

Fisker Automotive, an electric car maker that received a half-billion-dollar loan from the federal government, said Monday that it has laid off workers in Delaware and California.

Citigroup to launch credit cards in China

Citigroup said it has won permission to issue credit cards in China, a first for a foreign bank amid complaints regulators largely shut out overseas competitors from tapping the massive market.

U.S. loan recipient Fisker cuts jobs

Fisker Automotive, the electric car company that received a half-billion dollars in Energy Department loan guarantees, announced layoffs at its Delaware production facility Monday.

Another Boeing Loyalist Brightens the Skyline (The Motley Fool)

The Motley Fool - Thanks to the nuclear buildup in Iran, defense deals are pouring in. Backed by a solid reputation and loyal customers, Boeing (NYSE: BA - News) seems to have successfully cashed in on the scenario, as it ended 2011 with a bang.

MGM gets $500 mln loan to expand film, TV slate

LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production. The revolving credit facility replaces a term loan and smaller revolving facility the studio received as part of a prepackaged bankruptcy and will improve its cash flow to allow the ...

Mortgage deal faces setbacks, again

(Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it. States had been given two weeks to assess a proposed settlement, under which top U.S. banks would pay up to $25 billion in exchange for resolving civil ...

Housing plan helps nearly 1 million homeowners (Reuters)

Reuters - Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.

Hoku Corporation Announces Term Extension of $50 Million Loans

HONOLULU, HI-- - Hoku Corporation , a solar energy products and services company, today announced the extension of the maturity date of $50 million in loans from Tianwei New Energy Holdings Co., Ltd., ...