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Investors punish Corinthian Colleges for making student loans (Los Angeles Times)
Shares fall 19% after the Santa Ana company reveals lending program for students with poor credit. Shares of Corinthian Colleges Inc. dropped after the operator of colleges and trade schools said it began making loans to students, raising concern that costs would erode earnings.
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US thrifts lost $5.4 billion in second quarter; set aside record $14 billion for problem loans (Canadian Business)
Marcy Gordon August 27, 2008 - 10:55 a.m. WASHINGTON (AP) - U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
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US thrifts lost $5.4 billion in second quarter; set aside record $14 billion for problem loans (Minneapolis-St. Paul Star Tribune)
WASHINGTON - Federal regulators say U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
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Japan exempts $680 million in loans to Bangladesh (Reuters via Yahoo! Philippines News)
DHAKA, Aug 27 (Reuters) - Japan has exempted Bangladesh from repaying nearly $680 million in loans it provided for development projects, a senior official said on Wednesday.
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Regulators warn lenders on home equity loans (Houston Chronicle)
After a rash of consumer complaints, the federal agency charged with regulating savings and loan institutions issued guidance Tuesday warning lenders they could not arbitrarily change the terms of home equity loans.
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Lenders' cuts make student loans harder to find (KY3 Springfield)
More than a dozen private lenders, including Bank of America and Citigroup, have stopped or cut back on their student loans.
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Delinquencies on UK sub-prime loans hits record levels (eFinancial News)
The number of delinquencies on loans to sub-prime borrowers in the UK hit record levels in the second quarter of the year, raising the prospect that securities backed by such collateral will come under further strain, potentially forcing a raft of ratings downgrades, according to a new research.
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Thrifts told not to alter loans (The Columbus Dispatch)
WASHINGTON -- After a rash of consumer complaints, the federal agency charged with regulating savings and loans warned lenders that they cannot arbitrarily change the terms of home-equity loans.
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U.S. savings and loans banks lost $5.4B in 2Q (Canoe Money)
WASHINGTON - Federal regulators say U.S. thrifts lost US$5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
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NET NON-PERFORMING LOANS RATIO DWINDLES TO 2.7 PCT, SAYS AHMAD HUSNI (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Aug 27 (Bernama) -- The net non-performing loans (NPLs) ratio has dwindled from 3.2 percent in December last year to 2.7 percent between January and June this year, the Dewan Rakyat was told today.
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