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Loans

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Top Loans Articles

Displaying items 1-11
  • Build on rising consumer confidence [Letter]

    Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years...
  • Simsbury Bank Posts Lower Quarterly Profits

    SBT Bancorp Inc., parent of Simsbury Bank & Trust Co., posted sharply lower profits in the second quarter, as higher mortgage rates significantly slowed home loan refinancing, the bank announced Thursday. The bank said net income for the quarter ended...
  • Victims of lending scam targeting military win settlement

    WASHINGTON At first glance, the loans advertised by Rome Finance looked like a good deal for service members who wanted to buy new video game consoles, laptops or flat-screen TVs but didn't have the cash. The Concord, Calif., company offered special...
  • UBS facing over $600 million in claims over Puerto Rico funds

    NEW YORK (Reuters) - UBS AG is facing claims of more than $600 million from clients who say the bank is responsible for losses they incurred on investments in risky Puerto Rico debt, UBS said in its quarterly report on Tuesday. The predominantly older...
  • As scrutiny mounts, mortgage servicers push into lending

    Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market. By writing new mortgages, non-bank servicers such as...
  • Watchdog: Don't wait to cut debt: Front & Center

    Watchdog: Don't wait to cut debt: Front & Center
    There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise...
  • Problem Solver: Mortgage payment goes missing

    Problem Solver: Mortgage payment goes missing
    The first indication there was a problem was when Chris Taggart received an email alert from Bank of America saying his checking account was overdrawn. A day earlier, June 24, the Chicago resident visited a Bank of America branch in Matteson to pay...
  • Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion

    Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion
    OneWest Bank in Pasadena, born from the ashes of failed high-risk home lender IndyMac Bank, has agreed to be acquired by commercial lender CIT Group for $3.4 billion, a hugely profitable deal for the hedge-fund and private-equity investors that have owned...
  • Cellmate: Ex-prison doc talked about shooting judge

    PHILADELPHIA — The long, strange story of Dr. Erik von Kiel took a sinister turn Tuesday as his cellmate testified about the former Lehigh County Jail doctor's jailhouse talk of intimidating witnesses and assassinating a federal judge. Von Kiel,...
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...