loan Category

Dimon Pledges to Change JPMorgan’s Practices on Payday Loans

Posted on 27 Feb 2013 In: loan

Dimon Pledges to Change JPMorgan’s Practices on Payday LoansNews from New York Times: Jamie Dimon, the chief executive of JPMorgan Chase, vowed on Tuesday to change how the bank deals with Internet-based payday lenders that automatically withdraw payments from borrowers’ checking accounts. At an investor meeting on Tuesday, Mr. Dimon called the practice, which was […]

INSIGHT-In Spain, banks buck calls for mortgage law reform

Posted on 26 Feb 2013 In: loan

INSIGHT-In Spain, banks buck calls for mortgage law reformNews from Reuters: By Sonya Dowsett MADRID | Tue Feb 26, 2013 5:00am EST MADRID Feb 26 (Reuters) – For more than a century, Spanish law has determined that if a person borrows money to buy a home, they can only be freed of the debt when […]

What Mortgage Relief?

Posted on 25 Feb 2013 In: loan

What Mortgage Relief?News from New York Times: A year ago, when the nation’s biggest banks settled with state and federal officials over claims of foreclosure abuses, the public was led to believe that the deal would allow millions of hard-pressed borrowers to escape the threat of foreclosure. It still hasn’t happened. Despite Aid, Borrowers Still […]

Top WaMu execs in mortgage biz again

Posted on 24 Feb 2013 In: loan

Top WaMu execs in mortgage biz againNews from The Seattle Times: From the “If at First You Don’t Succeed” Department: DavidSchneider, who headed Washington Mutual’s home-loans unit during the peak of the mortgage bubble, was running another sizable mortgage company until this past Friday. Though Schneider is now out, several other WaMu veterans, including former […]

Exclusive: Credit Suisse faces US probe into mortgage products

Posted on 22 Feb 2013 In: loan

Exclusive: Credit Suisse faces US probe into mortgage productsNews from Reuters: The logo of Swiss bank Credit Suisse is seen on a building at Paradeplatz square in Zurich, February 13, 2013. Credit: Reuters/Michael Buholzer By Karen Freifeld NEW YORK | Fri Feb 22, 2013 3:27pm EST NEW YORK (Reuters) – The U.S. Attorney’s Office in […]

Banks step up efforts to forgive mortgage debt in California

Posted on 22 Feb 2013 In: loan

Banks step up efforts to forgive mortgage debt in CaliforniaNews from Los Angeles Times: Banks are stepping up efforts to forgive mortgage debt for troubled California homeowners, although more than half of the aid offered under last year’s landmark mortgage settlement is still geared toward getting people out of their homes. California homeowners have received […]

Justice Department Probing JPMorgan Over Bear Stearns Mortgage ProductsNews from Huffington Post: By Karen Freifeld and Aruna Viswanatha (Reuters) – The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial crisis, according to people familiar with the […]

Abu Dhabi Pledges Supply to Japan on Loan: Persian Gulf Oil

Posted on 18 Feb 2013 In: loan

Abu Dhabi Pledges Supply to Japan on Loan: Persian Gulf OilNews from Bloomberg: Abu Dhabi pledged continued crude supply to Japan after getting a $ 3 billion loan from a state- linked bank in the Asian country. Refineries in Libya and Iran are running below capacity as the Persian Gulf country faces sanctions on its […]

Mortgage bill faces tough road in Congress

Posted on 17 Feb 2013 In: loan

Mortgage bill faces tough road in CongressNews from The Seattle Times: WASHINGTON — A sharply divided Congress isn’t likely to jump at President Barack Obama’s challenge for quick passage of a mortgage refinancing bill that supporters say could help millions of homeowners save big each year and boost the economy. Obama praised the legislation in […]

Judge approves interim loan for Rhythm & Hues

Posted on 16 Feb 2013 In: loan

Judge approves interim loan for Rhythm & HuesNews from Los Angeles Times: A federal judge approved a $ 17-million loan from two movie studios to keep the lights on at troubled Rhythm & Hues, the award-winning visual effects company that worked on the Oscar-nominated “Life of Pi.” Rhythm & Hues, based in El Segundo, on […]