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Highways-student loan deal poised for votes
Businessweek
WASHINGTON (AP) — Republican leaders pushed a sweeping highways-student loans package salvaging millions of construction jobs and maintaining low interest rates on millions of new college loans toward a House vote Friday even as conservative ...
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Huntington Originates More Than $1.5 Billion in Loans to over 2500 Michigan ...
MarketWatch (press release)
GRAND RAPIDS, Mich., Jun 28, 2012 (BUSINESS WIRE) -- Huntington Bank has originated more than $1.5 billion in loans to businesses around Michigan in the first year of a four-year, $2 billion program, the bank's Michigan leaders announced today.
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Treasury lowers support for crisis loan program
The Seattle Times
... issuance of asset-backed securities and commercial mortgage-backed securities. This support helped keep credit flowing for auto loans, student loans and loans to small businesses. The program received support from Treasury and the Federal Reserve.
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Student loan, roads bill poised for final passage
WRAL.com
Hoping to avert the kind of headlines politicians dread, congressional leaders are aiming for final passage by week's end of legislation reshaping federal transportation programs and preventing a doubling of interest rates for millions of new student ...
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Treasury to Reduce Credit Protection on Fed's TALF Program
Businessweek
The program "succeeded in helping make sure American families and businesses could still get the auto loans, consumer loans and small business loans that they depend on every day, and it is on track to do so without incurring any loss to the taxpayer." ...
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Opening Doors gets grant to make business microloans
Bizjournals.com
Opening Doors Inc., which serves immigrants, refugees, and low-income residents ...
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Treasury reduces support for financial crisis loan program, says most loans ...
Washington Post
WASHINGTON — The Treasury Department is reducing its support for loans made during the 2008 financial crisis now that a key program is winding down.
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US Subprime Auto-Loan Rates of Near 20% Underpin Bond-Issue Boom
Fox Business
Nearly anyone can get a car loan these days, as long as they are willing to stomach dizzyingly high interest rates--and yield-hungry investors continue to embrace riskier credits.
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SBA Economic Injury Disaster Loan Deadline Nears in Connecticut
RedOrbit
The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that July 23.
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EDPPlus Grant Helps Magnolia Business Owner Expand
MarketWatch (press release)
But, as sales increased and his business grew, he needed a more permanent location. He was referred to Farmers Bank and Trust Co. and approved for a small business loan, which qualified him for a favorably priced Economic Development Program ...
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Clever Cons Scam Consumers with 'Easy' Money Offers
Business Wire (press release)
Consumers pay, but the loans never come through and the scammers are long gone, often changing the name of their "businesses" every few weeks to avoid law enforcement. This is one variation of a scam called the "advance fee" or "prepayment" scam.
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Business, Government Legal News from throughout WVUS 30-year mortgage ...
State Journal
AP Business Writer. WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage stayed this week at the lowest level on record. Cheap mortgages have helped drive a modest housing recovery and could give the broader economy a jolt at a time ...
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New student loan reimbursement program seeks businesses to take part
New Hampshire Business Review
As part of its efforts to retain more of New Hampshire's young workers, the organization Stay Work Play is looking for employers in the state to participate in its new student loan reimbursement program. The Stay Work Play Challenge Grant incentive ...
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Underwriting for Home Loans Tightened Last Year, OCC Survey Says
Businessweek
Loan underwriting standards for some commercial and retail products eased over the past year as banks responded to changes in economic outlook, competition and risk appetite, according to a U.S. government survey.
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Consumer Bureau Issues Warning on Reverse Mortgages
Fox Business
A U.S. financial regulator is warning new rules may be needed to address hidden dangers in reverse mortgages, the special loans that enable cash-strapped senior citizens to borrow against the equity in their homes. ... Fox Business - The Power to ...
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Huntington Bank 'exceeding all expectations' in goal to lend Michigan ...
The Ann Arbor News - MLive.com
That could mean a savings of between $1000 to $10000 depending on the amount of the loan, John Irwin who operates Huntington's business loan program in West Michigan. The success of the program is a sign that Michigan's economy is improving, said ...
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Partnership eases loans for area businesses
Yorkdispatch.com
A recent collaboration between the York County Economic Alliance and the EDC Finance Co. could make it easier for small local businesses to find funding.
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How to Loan Family Members Money
Fox Business
What happens when a family member is struggling to make ends meet and asks to borrow money? Whether you co-sign a bank loan or lend money outright, you're putting your capital and credit on the line when becoming a bank of last resort.
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Gold loan NBFCs see muted growth
Business Standard
Amid tight regulatory norms set by the Reserve Bank of India (RBI), non-banking finance companies (NBFCs) engaged in the gold loan business see muted growth in the current financial year.
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Waverly Officials Complete Action Plan for Loan Program
LoanSafe
The audit of the village's residential rehabilitation and business loan programs, funded by Community Development Block Grant funds, revealed several concerns with the management of the loans. The corrective action plan corrects the concerns raised in ...
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Large Chinese firms increasingly reliant on bond markets
gulfnews.com
Shanghai: Lured by lower interest rates, large Chinese companies are increasingly turning away from bank loans to tap the bond market, forcing banks to shift their attention to riskier, credit-starved small businesses. Refining giant Sinopec sold 20 ...
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gulfnews.com
Oriental Financial Group to Acquire BBVA's Puerto Rico Operations
Business Wire (press release)
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Oriental Financial Group Inc. (NYSE: OFG) and Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) today announced the signing of a definitive agreement for Oriental to acquire BBVA's Puerto Rico operations for ...
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Riverdale modifies business zone
StandardNet
The ordinance enacts regulations specific to businesses associated with payday loans, check cashing, title loans, pawn shops, and gold buyers in the C-3 zone. According to the amendment, only one of each of those sorts of businesses will be allowed for ...
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StandardNet
Authority OKs 'micro-lending fund' for Macon small businesses
Macon Telegraph (blog)
With banks lending less these days, small-business owners downtown could find financial help for things such as expanded inventory or equipment through a new "micro-lending fund" approved Thursday by the Macon-Bibb Urban Development Authority.
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Consumer bureau warns of risks of reverse mortgages
Lexington Herald Leader
As some older Americans try to improve their finances by tapping home equity through reverse mortgages, many are at risk of ending up in a worse situation because of confusion over the complex terms of the loans, according to a new government report.
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