Report: Shanghai Mall Linked to Scandal
Forbes - A Shanghai company allegedly used an illicit loan from a city pension fund to invest in one of China's biggest shopping malls, the state-run newspaper Shanghai Securities News said in a report carried by other state media Thursday. The allegations
Sights still trained on payday lenders
Hampton Roads Daily Press - Their customers have jobs and bank accounts and might need a short-term loan to pay a surprise car-repair bill or get through a heath crisis. Other customers work in commission-based sales jobs and might need cash for a temporary dry spell. If payday
Credit agencies lag on errors, fraud
Boston Online - The ordeal has been costly to the Litchfields, who first learned of the problem when they were rejected for a student loan for the younger of their two daughters. Sears and Citibank have raised the Litchfields' credit card interest rates, as a
WATERBURY: City passes out $2.2M in loans
Waterbury Republican-American - The city's development arm passed out about $2.2 million in small-business loans in 2006 in an attempt to spur economic activity in and around the city. It's a sharp turnabout from a steady four-year decline in loan disbursements from the Waterbury
On Personal Finance | Paying those points usually a bad idea
Philadelphia Inquirer - Each point is an up-front payment equal to one percent of the loan. Paying one, two or three points gets you a lower interest rate and smaller monthly payment. With points, we have more choices. If you have the mortgage long enough, that saving will
Defender Granqvist seals Wigan loan deal
ESPN Soccernet - Granqvist is due in Wigan today to put pen to paper on a move that could be made permanent in the summer. The 21-year-old becomes the second Helsingborgs player to recently leave the club for the Premiership following Henrik Larsson's loan move to
Under new law, some can deduct mortgages
Myrtle Beach Online - To save the buyer from paying PMI, many lenders recommend a "piggyback" loan - which divides the amount into two loans. One loan is for 80 percent of the home cost and the other is for 20 percent. The main loan is at a standard interest rate, but the
West 25th St. housing program getting $1 million federal grant
Cleveland Plain Dealer - The Federal Home Loan Bank of Cincinnati has announced its semi-annual grants to affordable housing programs, and $1.2 million is coming to Northeast Ohio. The regional wholesale bank, which typically makes loans to other banks for housing and
Phone distributor's stock rises
San Diego Union-Tribune - U.S. mortgage applications plunged last week to the lowest point in nearly five months, as home refinancing loan demand plunged amid climbing interest rates. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application