Philip Chua Business Blog

Posts Tagged ‘loan’

Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis.







Mortgage – Foreclosure – Presidency of Barack Obama – Business – Government

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

(SINGAPORE) It is far from business as usual for Asia-Pacific’s syndicated loan market – notwithstanding last month’s mega US$2.4 billion Noble deal.
Volumes are much lower than last year, according to Thomson Reuters LPC.Its data shows that this year, up to Nov 2, syndicated loan volumes for Asia-Pacific ex-Japan reached US$118 billion with 449 deals. In 2008, there were 811 deals amounting to US… more

AP – The student lender best known as Sallie Mae posted a third-quarter profit that beat Wall Street expectations as credit markets improved and student loan activity increased.

Reuters – Famed corporate raider Carl Icahn said he offered to underwrite a $6 billion loan to CIT Group Inc and complained that horse-trading between the troubled lender and its largest creditors was harming other bondholders.

Many people do not understand the importance of maintaining a good credit history. Did you know, for instance, that if your credit history is less than satisfactory it may be tough to get a mortgage or a personal loan?
Notching up a poor credit history is not that hard to do but the good news is that those who blot their copybook can make amends over time to help remove the stain.
‘Frequent late p… more

Delinquency rates for three key consumer loan categories hit record highs in the second quarter, according to data released Thursday by the American Bankers Association.

U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said.

Reuters – President Barack Obama criticized the largest U.S. banks on Monday for trying to thwart legislation that would overhaul federal student loan programs.

PAY your bills on time, and pay less for them. Customers of GE Money’s personal loan product James now have the chance to reap rewards for prompt repayments.
As part of a move to encourage customers to exercise prudence in borrowing, James customers who meet their repayments in the first year of their loan on time and in full will be given 50 per cent off three months’ interest.
‘This innovative f… more