Finance news

NON-conforming home loan lenders are considering hiking interest rates on their variable rate products even further in the new year to offset the cost of the credit crunch, an aggregator says.
Many non-bank lenders rely on generating their funding from securitised debt markets, which are still frozen overseas and barely active in Australia as the cost […]

Filed under: Loans, banks, finance, homeowners, lenders, mortgage by Finance Boss
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Janata Bank will not charge interest on loans for six months and will make available Tk 255 crore loan facilities for farming and income-generating activities in cyclone Sidr-hit rural areas.
The interest benefit will be applicable to both on new and outstanding farm and non-farm loans, a high official of the state-run bank said yesterday.
According to […]

Filed under: Loans, banks, finance, lenders by Finance Boss
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Agriculture Commissioner Steve Troxler reminds nurseries that they may be eligible for low-interest drought assistance loans offered through the U.S. Small Business Administration. The loans are available for all qualifying small businesses affected by the drought.
“Loans are now available for eligible nurseries because of three recent federal disaster declarations,” Troxler said. “Most North Carolina counties […]

Filed under: Loans, News, Small Business by Finance Boss
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The full effects of the credit crunch are now starting to be felt – and a result personal loans and mortgages are starting to be more difficult to secure.
This week two lenders, Hanley Economic Building Society and Eskimo Loans, withdrew their personal loans – meaning one in ten lenders have left the market after […]

Filed under: Loans, News, mortgage, uk by Finance Boss
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Citing rising mortgage delinquencies and tightening credit markets, Fieldstone Mortgage Co. has filed for Chapter 11 bankruptcy protection.
The Columbia company’s board of directors agreed to the move in a special meeting held Nov. 23, according to documents filed in U.S. Bankruptcy Court for the District of Maryland. Fieldstone said it has liabilities of more than […]

Filed under: Loans, News, debt, mortgage by Finance Boss
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