FDIC's Bair warns investors fighting loan changes (AP via Yahoo! News)
Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday.
GM asks for second $4 bln loan in January (AFP via Yahoo! News)
Ailing General Motors on Thursday asked Congress for a second four billion dollar loan in January, in addition to an already requested immediate four billion dollar rescue payment.
Real estate investors decry four-loan limit (Atlanta Journal-Constitution)
Atlanta-area real estate investors, like their counterparts around the country, say a new four-loan limit is keeping good buyers away from foreclosed properties — and could actually prolong the recession.
Asian Development Bank approves $500 mln loan to clean up world's dirtiest river in Indonesia (Minneapolis-St. Paul Star Tribune)
MANILA, Philippines - The Asian Development Bank on Friday approved a $500 million loan for cleaning up Indonesia's Citarum River, calling it the world's dirtiest.
Bolder stays on loan at Millwall (BBC News)
QPR midfielder Adam Bolder agrees to stay at Millwall on loan for another month.
Oklahoma panhandle school district uses state loan to fund wind turbine project (The Oklahoman)
Little-known programs for helping schools and universities make energy improvements to their buildings could get a boost in the 2009 legislative session.State Rep. Gus Blackwell, R-Goodwell, said this week he and Republican House leaders are seeking additional funds for the Energy Loan Fund for Schools and the Higher Education Loan Program.The funds pay for expensive projects. Their only income ...
P25-b loan for cash subsidy eyed (Manila Standard Today)
The Social Welfare Department is negotiating for a loan of up to P25 billion from the World Bank to support the conditional cash transfer program called Pantawid Pamilyang Pilipino.
New low-interest loan program unveiled (Bangor Daily News)
BANGOR, Maine — The bankers, politicians and nonprofit officials behind a new, $9.5 million low-interest loan program for small and medium-sized businesses in Maine are hoping they have hit upon a way to give the state’s economy a much-needed lift.
SCE&G: Loan guarantees not vital (The State)
SCE&G could build two new reactors at its Jenkinsville nuclear plant without a loan guarantee from the federal government, a utility executive said Thursday. “The loan guarantees are not necessary for us to go forward,” said chief financial officer Jimmy Addison during the state Public Service Commission hearing on the utility’s application to expand the V.C. Summer Nuclear Station. In April, ...
PMI sees benefits in loan redos (Contra Costa Times)
PMI Group Inc., the second-biggest U.S. mortgage insurer based in Walnut Creek, said it expects loan modifications designed to prevent homeowners from losing houses to increase dramatically next year.
