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Altria Says Lenders Want Ust Deal Pushed Into 2009 - Cnbc
altria group said friday it may hold off on closing its $10.4 billion purchase of ust until early january because its lenders advised that it would be better to close the deal in 2009. the lenders' request highlights how tight the credit market has ...
www.cnbc.com

Aig To Sell U.s., Overseas Life Units To Repay Loan (update3)
oct. 3 (bloomberg) -- american international group inc ., the insurer forced to peddle businesses to repay an $85 billion government loan, will sell its life insurance and retirement operations in the u.s., europe, latin america and japan.
www.bloomberg.com

Councilor Eyes Employees' Coop As Anti-dote To Loan Sharks
a city councilor is eyeing the creation of an effective employees' cooperative to start at city hall in a move to apprehend and reprimand loan shark lenders in iloilo city.
www.sunstar.com.ph

Halifax Slashes Mortgage Range And Raises Rates - Times Online
the uk's largest mortgage lender effectively closed its door to half of all borrowers today by increasing rates and reducing the number of loans available. the halifax said that from 8pm this evening it will only offer two mortgage products for ...
business.timesonline.co.uk

Update 2-altria Says Lenders Want Ust Deal Pushed Into 2009 - Reuters
chicago, oct 3 (reuters) - altria group inc (mo.n: quote , profile , research , stock buzz ) said on friday it may hold off on closing its $10.4 billion purchase of ust inc (ust.n: quote , profile , research , stock buzz ) until early january because ...
www.reuters.com

News: Economy Threatens Student Lenders
student lenders, strained by the economic downturn and credit crunch, are closing their doors and raising their standards after this week's market meltdown, making it increasingly difficult to obtain college loans. the lehman brothers bankruptcy and the sale of wachovia, both major players in the student lending industry, will likely further limit private loan options for students.
thedartmouth.com

Schwarzenegger To U.s.: State May Need $7-billion Loan
in a letter obtained by the times, the governor warns that tight credit has dried up funds california routinely relies on and it may have to seek emergency aid within weeks. california gov. arnold schwarzenegger, alarmed by the ongoing national financial crisis, warned treasury secretary henry m. paulson on thursday that the state might need an emergency loan of as much as $7 billion from the ...
www.latimes.com

Credit Starvation Could Whack Britain - Businessweek
by david prosser the prospect of large numbers of british companies failing after finding themselves starved of credit is moving closer, the bank of england warned yesterday. its latest credit conditions survey, the best indicator of how banks and ...
www.businessweek.com

Cash Crunch: Small Businesses Get Creative - Cnn Money
eddie solomon's body boards are drawing interest from major sporting retailers, but getting the financing to make them in larger quantities is a challenge. (cnnmoney.com) -- unable to get bank loans and credit lines, small business owners are turning ...
money.cnn.com

Schwarzenegger Warns State May Need Federal Loan
cash-strapped california may appeal to the federal government for a multibillion-dollar loan if the nation's credit markets do not stabilize quickly.
www.sacbee.com

Mortgage Help Program Rolled Out To Lenders
the government kicked off a program wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. lenders, rather than borrowers, will decide whether to participate in the program, which requires them to take a loss on the initial loan. the $300 billion, three-year program is designed to help borrowers who owe more ...
www.myrtlebeachonline.com

What The Bailout Means For Mortgage Rates - Us News And World Report
with the housing-triggered credit crisis growing increasingly ugly , washington is considering embarking on the most-sweeping bailout of the financial system since the great depression. under the terms of the legislation—which still faces an ...
www.usnews.com

More Business - San Francisco Gate
the hope for homeowners program, or h4h, passed as part of a housing reform bill in july, authorizes the federal housing administration to help troubled homeowners refinance into 30-year fixed-rate mortgages. the actual refinancing would be done by ...
www.sfgate.com

California May Need Emergency $7bn Loan
sacramento, oct 3 -- california gov. arnold schwarzenegger, alarmed by the ongoing national financial crisis, warned treasury secretary henry m. paulson on thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.
www.ft.com

Both Borrowers, Lenders Share Blame
q: while i agree with most of what you say about the current financial crisis, i wonder about the your use of the term "irresponsible borrowers." i know you go on to accuse lenders of being "greedy," but i think the burden to qualify for a loan is always in the hands of the lender.
www.contracostatimes.com

Bush Signs $700 Billion Bailout Agreement - Detroit Free Press
washington – a $700 billion bailout of the nation's credit markets became law today after the u.s. house reversed itself following a week of intense lobbying from businesses and increasing evidence of economic turmoil. by a vote of 263-171, the ...
www.freep.com

What The Fha Needs To Get The Job Done - Washington Post
in the current credit squeeze, if you have less than a 20 percent down payment, there's pretty much only one major source of mortgage financing available: the federal housing administration , the depression-era home loan insurance agency that still ...
www.washingtonpost.com

Oregon Loan Officer Pleads Guilty To Bank Fraud
portland (ap) — a real estate loan officer who put together fraudulent mortgage deals has pleaded guilty to bank fraud, wire fraud and money laundering.
argusobserver.com

Lenders Try To Keep Money Moving
as the financial tsunami continues to rip through the credit markets and wall street, local lenders are doing their best to keep financing consumers for things such as cars, furniture and appliances.
www.bradenton.com

Hot Docs: Who To Blame For The Economic Crisis, Confusion About Obama ... - Us News And World Report
who's to blame for the economy? recent political ads pointing fingers for the current economic crisis are "partisan caricatures" that are "far wide of the mark" of truth, says factcheck.org. the watchdog group looks at recent ads from john mccain's ...
www.usnews.com