UK Banks Lead Charge to Sell Off Bad Property Loans

The pressure on banks in Europe to get rid of bad property loans off their books has not eased amidst the worsening sovereign debt crisis that seemingly no-one was has the solution to.

5 Banks Stocks Profiting on the Most Profitable Loans (Update 1)

Updated with early afternoon market action. NEW YORK (TheStreet) -- Many banks are trying to grow their commercial and industrial loan books, which is of prime importance to investors as other loan balances continue to shrink. "Banks covet C&I loans because it is the area showing the earliest growth as we emerge from the recession," says Jefferies analyst Ken Usdin, "and many banks that ...

Apple: Credit Suisse Pounds The Table; Target To $600

Credit Suisse analyst Kulbinder Garcha this morning repeated his Outperform rating on Apple shares, boosting his target price to $600, from $550. The analyst says the higher target follows ?a deep dive? on the company?s cash flow dynamics and growing market cap. In his note, Garcha becomes the latest party to weigh in on the ...

Conn. to reap millions in mortgage settlement

Connecticut Attorney General George Jepsen told state lawmakers Tuesday that a national settlement for mortgage abuses has established needed reforms, but he asked that they use millions from the deal to help struggling homeowners and not spend the money on unrelated government programs.

JPMorgan, Citi, BofA sued for $949 million by Sealink (Reuters)

Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.

Should Mortgage Rates Even Be Lower?

Mortgage rates are the lowest on record. But by a key historical measure, they should be even lower.

Zenit want Arshavin back on loan

Russian champions Zenit St Petersburg are looking to sign former striker Andrei Arshavin from Arsenal on loan until the end of the season.

Utility’s Dealership Announces a Test Drive & Loan Program for New & Existing Customers

Utility Trailer Manufacturing Company, the industry’s largest manufacturer of refrigerated trailers and a leading manufacturer of dry freight vans, flatbeds, and Tautliner® curtain

Federal Home Loan Bank of Atlanta Announces Preliminary 2011 Year-End Financial Results

ATLANTA -- Federal Home Loan Bank of Atlanta (the Bank) today released unaudited financial highlights for the year ended Dec. 31, 2011. The Bank will announce 2011 audited financial results in its Form ...

CLO activity jumps in February as credit market heats up

Amid strong credit-market conditions and falling senior liabilities, CLO activity is on the rise. Indeed, managers have printed or announced $2.2 billion of new CLOs this month. That puts February on pace to become the busiest month for CLO production since the credit crisis, topping November 2011, when $2.5 billion of new vehicles cleared (or ...

Don’t Worry About That Slowing Loan Growth Yet

Loan growth looks like it is slowing so far this year, but solid growth for 2012 is still possible, Jefferies analysts say today.

Heartland Financial USA Positioned for Growth with Enhanced Loan Servicing Functionality from Fiserv

Fiserv, Inc. , a leading global provider of financial services technology solutions, announced today that Heartland Financial USA, Inc. has chosen LoanServ™ – the online, real-time loan servicing solution from Fiserv – for its mortgage servicing needs.

Oops, Interest-Free Loans Are Taxable

Suppose your employer loans you money, and like a good employee, you repay it. Neither event is taxable. But paying interest has tax effects to you both. What if you agree there?s no interest?

Credit Sesame Launches the Industry's First Interactive Visual Mortgage Comparison Tool

SUNNYVALE, Calif., Feb. 22, 2012 /PRNewswire/ -- Today, CreditSesame.com , the popular personal finance and credit education resource site, announced the launch of its interactive mortgage comparison and ...

Credit Sesame Launches the Industry's First Interactive Visual Mortgage Comparison Tool

SUNNYVALE, Calif., Feb. 22, 2012 /PRNewswire/ -- Today, CreditSesame.com , the popular personal finance and credit education resource site, announced the launch of its interactive mortgage comparison and ...

Credit Suisse Suspends Volatility ETN Issuance

Credit Suisse late Tuesday said it has temporarily suspended further issuance of VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca: TVIX ) due to internal limits on the size of the exchange traded note.The ...

Mortgage Application Volume Falls 2.5%

The number of mortgage applications filed in the U.S. last week fell 2.5% from the prior week, the Mortgage Bankers Association said Wednesday.

Rate alert: best loans and credit cards

We review the best credit cards and personal loans for your borrowing needs.

Consumer-finance watchdog probes overdraft fees (AP)

AP - The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.

Student loans a 'debt bomb'

It’s a vicious cycle. Many families in this country cannot afford the skyrocketing cost of higher education without student loans. But many graduates can't find a job to pay off the loans.

U.S. mortgage applications sagged last week: MBA (Reuters)

Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.

Record European Credit Rally Halted on Greek Bailout Wrangling

A record rally in European credit markets ground to a halt as the unraveling rescue plan for Greece fueled concern of a default triggering turmoil in the euro region.

Low-interest loans available after fire

Residents and businesses affected by a four-alarm fire Jan. 16 in Brookline can now apply for low-interest disaster loans, the US Small Business Administration said yesterday.

TransUnion: National Credit Card Delinquencies End 2011 Nearly 5% Lower Than Last Year

CHICAGO, IL-- - The national credit card delinquency rate reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. ...

Fact check: The exploding student loan debt chart

This Occupy Wall Street-affiliated chart, at right, flew around Facebook and Twitter this week as hundreds of people used it to share their frustrations about ballooning student debt in America. It's also inspired blog posts at Jezebel and Buzzfeed, among other sites. But as far as we can tell, the chart is just plain wrong. Mark [...]

Your mortgage escrow account isn't for investing

Dear Dr. Don,I have just discovered that my mortgage escrow account for a mortgage that I refinanced last year pays 2 percent interest. This is apparently mandated by New York state law. Is it possible ...

Simplified mortgage statements proposed

Washington— Your monthly mortgage bill soon could get easier to understand, and it wouldn't change each time your loan is sold to a new servicer.

U.S. proposes to reduce top corporate tax rate: report (Reuters)

Reuters - The Obama administration will propose slashing the top income tax rate for corporations to 28 percent from the current 35 percent, as part of a corporate tax reform plan that is set to be announced on Wednesday, the Wall Street Journal said.

Citigroup ‘Defrauded’ Fannie, Freddie With Bad Loans, Whistle-Blower Says

Citigroup Inc. (C) , which last week admitted breaking Federal Housing Administration rules and paid a fine, also violated regulations for home loans sold to Fannie Mae (FNM) and Freddie Mac (FRE) , according to a whistle-blower’s complaint.

Fannie, Freddie need to tighten legal expenses: regulator (Reuters)

Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.

Watchdog: Limit Fannie, Freddie legal fees more (AP)

AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.

Pace of new credit card accounts picks up in 2011

More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession.

Mortgage relief faces a tax-law nightmare

The Mortgage Forgiveness Debt Relief Act — under which a reduction on mortgage principal as a result of a loan modification, short sale or foreclosure is not subject to federal income tax — will expire in 10 months, and there are early indications that Congress might not renew it by then.

Colorado woman must turn over computer password (AP)

AP - Sophisticated encryption software has become so readily available and so effective, it's surpassed the federal government's ability to seize computers and gather evidence in criminal cases.

Mortgage Industry Professionals Gather to Discuss American Homeownership

On February 10, 2012, Radian Guaranty hosted a panel on Capitol Hill called, “Homeownership: Creating Access to Mortgages, the Public-Private Balance.” The purpose of the panel was

Quicken Loans Waves Green Flag on New Racing Website

DETROIT, Feb. 21, 2012 /PRNewswire/ -- To mark the start of the NASCAR season and its first full year as a primary sponsor of Ryan Newman's No. 39 Chevrolet Impala, Detroit-based Quicken Loans Inc. today ...

30-Year Fixed Mortgage Rate Rises to Highest Rate in Four Weeks; Current Rate is 3.76%, According to Zillow Mortgage ...

SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently3.76 percent, up six basis points from 3.7 percent at this same time last week. The 30-year fixed mortgage rate ...

Breaking up the Mortgage After Divorce

Think divorce is rough? Try dissolving the mortgage afterward. Here are some options.

Regulator outlines new plan for Fannie, Freddie (Reuters)

Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.

I Was Told There Would Be No Math (The Motley Fool)

The Motley Fool - In a 2009 NBC/Wall Street Journal poll, 8 in 10 Americans said they were concerned about the federal deficit and growing national debt.