Cig commercial lending
China’s central bank and Finance Ministry said Monday they would deposit 30 billion yuan ($4.4 billion) of treasury cash with commercial lenders to make more funds available for lending.
GMAC Says Fed Grants Access to Commercial-Paper Plan (Update3) (Bloomberg)
Oct. 28 (Bloomberg) — GMAC LLC , the money-losing auto finance and home-loan lender, said it was granted access to the U.S. Federal Reserve’s new program to help unlock short-term commercial credit markets.
Chinese banks reduce bad loan ratio, expand total assets (People’s Daily)
Chinese banks’ average bad loan ratio was reduced to 5.49 percent by the end of September while the total assets of the country’s banking industry expanded to 59.3 trillion yuan (8.5 trillion U.S. dollars), said the country’s banking regulator on Monday. Commercial banks had a total of 1.27 trillion yuan of non-performing loans as of Sept. 30, down 3 billion yuan from the beginning of the year, …
Chinese banks reduce bad loan ratio, expand total assets (China Daily)
Chinese banks’ average bad loan ratio was reduced to 5.49 percent by the end of September while the total assets of the country’s banking industry expanded to 59.3 trillion yuan ($8.5 trillion), said the country’s banking regulator on Monday.
Mining firm asks SC to reconsider decision on loans (Manila Bulletin)
The Supreme Court (SC) has been asked to reconsider its Sept. 12, 2008 decision that reversed both the trial court and the Court of Appeals (CA) as it ordered Marcopper Mining Corp. (MMC) to pay the Rizal Commercial Banking Corp. (RCBC) some $ 5.4 million representing its outstanding restructured loans with penalty at the rate of 36 percent annually.
ECB announces one-week loans of more than 325 billion euros (AFP via Yahoo! News)
The European Central Bank said on Tuesday it would lend commercial banks more than 325 billion euros (406 billion dollars) via a regular one-week operation that was marked by very strong participation.
Feds fast-track loan plan for GM (Detroit News)
WASHINGTON — The U.S. Energy Department is intensifying its effort to begin lending money through a $25 billion auto loan program that could be a critical source of funding for General Motors Corp.
U.S. Stocks Rally on Valuation, Surge in Commercial Paper Sales (Bloomberg)
Oct. 28 (Bloomberg) — U.S. stocks rallied as the cheapest valuations in more than two decades lured investors back into equities and a surge in commercial paper sales signaled the Federal Reserve may be succeeding in unlocking credit markets.
Exeter Commercial Is Announcing The Formation Of Our Mortgage Modification and FHA Lending Groups (PRWeb via Yahoo! News)
The Mortgage Modification Group will work with borrowers of both residential and commercial mortgage loans who have fallen behind, or who are about to fall behind on their payments due to an unforeseen hardship. This can include an ARM rate adjustment, illness, loss of job, failure of a business etc. The FHA Group will work with borrowers that are seeking to purchase a home and who may not …
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