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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: loan

loan stories: 30 news summaries

1 - 20 of 30 Stories | 1 2 Next >>

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Fed May Have Outmuscled Other Lehman Creditors 

Government creditors got their cash back; private investors still struggling

Oct 2, 09 8:05 AM CDT
(Newser) - A special court examiner investigating the Lehman Brothers bankruptcy is trying to determine whether the Fed used its clout to get its money back from the collapsed bank ahead of other creditors. The central bank and its New York branch lent Lehman $46 billion before the bankruptcy but was promptly... More »

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Ben Bernanke • Federal Reserve • bankruptcy • Lehman Brothers • loan • Timothy Geithner • creditor • bankruptcy court

Leibovitz
Staves Off
Foreclosure

Photog gets reprieve, but property, rights to work still at risk

Sep 11, 09 2:58 PM CDT
(Newser) - Annie Leibovitz has won an extension of her outstanding $24 million debt to Arts Capital Group, the New York Times reports. The celebrity photographer bought back the rights to her homes and intellectual property—both collateral in the loan—for an undisclosed sum as part of the restructured deal. But... More »

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bankruptcy • photography • debt • Annie Leibovitz • loan

glossies

Fla. Couple Murder Looks Like Contract Hit

Parents of 13 special needs kids 'hated'
by businessman

Aug 21, 09 3:36 PM CDT
(Newser) - The murder of Bud Billings and his wife Melanie is looking more like a contract hit than an In Cold Blood-style robbery gone wrong, Tim Padgett writes in Time. The tale centers on a boastful ex-Karate instructor in Pensacola, Fla., Leonard Gonzalez, who tells police he turned down the murder-for-hire... More »

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Florida • murder • conspiracy • killings • loan • contract hit • Pensacola

(Newser) - General Motors will start making temporary loans to dealers who have yet to be reimbursed by the federal government under the Cash for Clunkers plan, the Wall Street Journal reports. Dealers, some now irate, essentially did the same thing for customers participating in the trade-in plan—covering the government... More »

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General Motors • auto industry • loan • car dealers • Federal government • automobile • reimbursement • Cash for Clunkers • Car Allowance Rebate System • cash advance

(Newser) - A financial firm is suing Vanity Fair photographer Annie Leibovitz for failing to cooperate to repay a $24 million loan, reports the Telegraph. Leibovitz last year put up her photographs and two homes as collateral for the money to pay off debts. But now Art Capital Group said the 59-year-old... More »

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Vanity Fair • photography • debt • court • lawsuit • photographers • Annie Leibovitz • loan • repayment

More Americans Falling Behind on Loans

Balances surge on bank credit-cards as Americans struggle to pay bills

Jul 7, 09 4:21 PM CDT
(Newser) - Delinquencies on consumer and home-equity loans rose in the first quarter as unemployed Americans struggled to pay their bills, the Wall Street Journal reports. The number of borrowers at least 30 days late on their consumer loans, which include auto loans, rose slightly to 3.23% from the previous quarter.... More »

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debt • unemployment • credit card • loan • consumer loan markets • home-equity loans • American Bankers Association • delinquency

 Fed to Release 
 Stress Test Results Next Week 

Data will show potential losses in specific loan categories

May 1, 09 1:44 PM CDT
(Newser) - The US will learn the fiscal health of its 19 biggest banks Thursday, when the Federal Reserve and Treasury release the results of the “stress tests,” the Wall Street Journal reports. Delayed somewhat, the results will contain potential loss estimates in specific loan categories for each bank, and... More »

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Federal Reserve • capital • Treasury Department • credit crisis • loan • banks • stress tests

 Goldman Mulls Stock 
 Offering to Repay Feds 

Hopes to repay $10B government loan

Apr 10, 09 6:54 AM CDT
(Newser) - Hoping to pay off a $10 billion government loan, Goldman Sachs may take advantage of a rising market to make a multibillion-dollar new stock offering, the Wall Street Journal reports. Employees, investors, and executives all like the idea of cutting the government’s role in the firm, which has held... More »

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stock market • Goldman Sachs • loan • stock offering • bailout • financial crisis

(Newser) - While credit markets were frozen last year, forcing thousands of Americans out of business, Bank of America lent insiders more than $624 million—more than doubling the amount loaned to insiders the previous year, the Charlotte Observer reports. Recipients' names were not disclosed, but most of the money likely went... More »

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Bank of America • loan • credit market chaos • Wall Street bailout

(Newser) - There's a new acronym in bailout land: TALF. Officials at the Fed and Treasury Department today outlined the new lending program, which is designed to revive the nation's so-called shadow banking system and generate up to $1 trillion in loans to consumers and small businesses, the Wall Street Journal reports.... More »

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Treasury Department • loan • bailout • banking industry

(Newser) - Toyota is reportedly seeking $2 billion in loans from Japan’s government, after forecasting its first loss in 59 years, Bloomberg reports. A Toyota Financial Services spokesman confirmed that the automaker is in talks with a state-owned bank, but wouldn’t specify a figure. The carmaker expects to report a... More »

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Japan • Toyota • auto industry • loan • bailout • recession depression

 Cash-Poor Collectors 
 Turn to Haute Pawnshops 

'Private art banks' exchange paintings for cash

Feb 24, 09 8:12 AM CST
(Newser) - With loans hard to come by, some rich Americans are turning to their art collections for quick cash. Rather than sell in a depressed market, collectors turn to a lightly regulated corner of the marketplace that provides capital in exchange for temporary ownership of artwork. While they may look like... More »

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art market • art • Annie Leibovitz • loan • lending practices • financial crisis • pawn shop

 Bailed-Out Banks Cut Lending 

Report finds that bailout funds have failed to jolt banks into boosting lending

Feb 18, 09 3:15 AM CST
(AP) - The 20 largest banks that received billions in  US government rescue funds slightly reduced their lending to consumers and businesses in the last quarter of 2008, the government said yesterday. Banks cut their mortgage and business loans by a median of 1% each, while credit card lending rose by a... More »

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Treasury Department • credit crisis • loan • bailout • consumer credit • banks • financial crisis

Slim Loans NYT Co. $250M

Mexican billionaire will own 17% of company, but gets no special voting shares

Jan 20, 09 6:47 AM CST
(Newser) - The New York Times Company announced last night that it had cut a deal with Mexico's Carlos Slim, the world's second-richest man, for a $250 million loan. Slim will receive common shares over six years, at the end of which he will own 17% of the corporation. But he will... More »

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New York Times • Carlos Slim • Sulzberger family • shares • New York Times Company • loan

 Newest Bailout: 2010 Olympics 

Vancouver games get $369M loan approved

Jan 19, 09 11:42 AM CST
(Newser) - The global recession is putting the 2010 Olympics Games in Vancouver in peril, writes Canada's Globe and Mail. This weekend the provincial parliament in British Columbia passed an emergency bill that allows the host city to borrow $369 million to make sure the athletes' village will be ready in time.... More »

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Canada • British Columbia • loan • Vancouver • winter sports • bailout • Olympics • 2010 Vancouver Olympics

Scamsters Cash In on Foreclosure Crisis

Phony rescuers collect big upfront fees from desperate homeowners

Jan 15, 09 3:44 AM CST
(Newser) - A new breed of crook is getting rich preying on homeowners desperate to fend off foreclosure, the New York Times reports. Scamsters set themselves up as "foreclosure rescue companies,” collect big upfront fees for the promise to modify loans, then do little or nothing to help. Some people... More »

MORE ABOUT:
fraud • foreclosure • mortgage • debt • housing • scam • mortgage loans • loan • homeowners • recession depression

(Newser) - An Englishman was surprised to come home and discover a £5 loan repaid nearly 40 years late, the BBC reports. In 1969, Jim Webb loaned an Australian traveler the money to help him get to England. The Aussie took Webb's address but never sent him the money as promised.... More »

MORE ABOUT:
England • debt • loan

Fannie, Freddie to Offer Mass Loan Modifications

Housing giants aim to reduce foreclosures

Nov 11, 08 10:37 AM CST
(Newser) - Fannie Mae and Freddie Mac will roll out a plan today to modify hundreds of thousands of loans in an effort to prevent foreclosures, the Wall Street Journal reports. The mortgage giants, under federal conservatorship, aim to reduce mortgage payments to no more than 38% of household income. Private banks... More »

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foreclosure • mortgage • housing • Freddie Mac • Fannie Mae • loan • subprime crisis • financial crisis


 Trump Sues Lenders 
 for Chicago Tower 

Construction continues amid financial impasse

Nov 8, 08 8:03 AM CST
(Newser) - Donald Trump is suing lenders for a $640 million loan extension on his mostly completed Trump Tower in Chicago, after sales of condos have fallen short, the Wall Street Journal reports. Trump is angling to apply a force majeure provision—normally triggered by acts of war or natural disasters—in... More »

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Chicago • Donald Trump • Deutsche Bank • lawsuit • loan

6 Governors
Push Feds for Quicker Auto Industry Relief

Tight credit hurts car sales: Granholm

Oct 30, 08 2:29 PM CDT
(Newser) - Michigan’s Jennifer Granholm and five other US governors urged federal officials today to act quickly in delivering financial aid to the auto industry, the Detroit Free Press reports. In a letter, the governors of Delaware, Kentucky, New York, Ohio and South Dakota stress that the credit crisis has hurt... More »

MORE ABOUT:
Congress • General Motors • Henry Paulson • Michigan • Treasury Department • Jennifer Granholm • auto industry • loan

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