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loans News Archive06-Oct-2005
'(AFX UK Focus) 2005-10-05 16:06 GMT: Kensington Group unit sells 157 mln stg portfolio to Derbyshire Home Loans (Interactive Investor)LONDON (AFX) - Kensington Group PLC said its Kensington Mortgages business has completed the sale of a 157 mln stg portfolio of near prime and low risk non-conforming mortgages to Derbyshire Home loans Ltd.
'The lowdown on loans (San Jose Mercury News)The shrinking mortgage market has spurred lenders to peddle innovative -- but riskier -- loans that shave initial monthly payments and help borderline borrowers qualify for loans. Here are a few popular loans and features -- and reasons why they worry a growing number of regulators, investors, insurers and economists.
'Banks to raise interest rates on loans (New Ratings)Wednesday, October 05, 2005 7:38:07 AM ET Punk Ziegel & Co. NEW YORK, October 5 (newratings.com) ? Analyst Richard X Bove of Punk Ziegel & Co believes that banks would be forced to raise their interest rates on loans at a much faster pace in the near future.
'Bank of America sets low-cost Katrina loans (KGBT 4 Rio Grande Valley)CHARLOTTE Bank of America is making 100 (m) million dollars available for loans and investments, primarily for affordable housing, in Gulf Coast areas slammed by hurricanes Katrina and Rita.
'Small Businesses Receive Nearly 100,000 SBA-Backed Loans in FY 2005, a Fifth Consecutive Record (HispanicBusiness.com)WASHINGTON, Oct. 5 /PRNewswire/ -- Small businesses turned to the U.S. Small Business Administration for commercial financing in record numbers in fiscal year 2005, securing 97,891 loans through its two main small business loan programs, setting a loan volume record for the fifth consecutive year.
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