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Dec. 4 (Bloomberg) -- Babcock & Brown Ltd. today received a A$150 million ($97 million) loan, giving the troubled Australian investment manager more time to sell assets and boosting its bankers’ chances of recouping A$3.1 billion of debts. Babcock ...

Babcock Loan May Be Boon for Banks, Not Shareholders (Update2) - Bloomberg

A check cashing/title loan business initially denied a license was issued one Tuesday after Albertville city officials realized a moratorium had expired. Roy Hutcheson plans to open the business in an existing building at U.S 431 and Adams Drive. The ...

Mix-up on city actions - Sand Mountain Reporter

Dec. 4 (Bloomberg) -- Japanese and Australian funding costs rose and South Korean banks paid a record amount to borrow U.S. dollars as concerns about meeting end-of-year cash needs overwhelmed central bank rate cuts and easier access to money. The ...

Asian Money Costs Rise; Central Banks Struggle to Revive Credit - Bloomberg

WASHINGTON -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 ...

Financial industry pushes for lower mortgage rates - Charleston Gazette

Gordon Brown has thrown the housing market a lifeline by offering homeowners facing repossession a mortgage interest holiday. Families with a loan up to £400,000 can defer payments for up to two years if they suffer a sudden loss of income. Mr Brown ...

Brown provides mortgage safety net for middle classes with two- year ... - Daily Mail

GORDON Brown’s mortgage rescue package is a masterstroke. It will give help to thousands at the very moment they need it. This is a far more productive use of government money than frittering away billions on state jobs which aren’t needed. The ...

Saved by the loan arranger - The Sun

The U.S. housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Last week, the Federal Reserve announced that it would buy $500 ...

A rush into refinancing as U.S. mortgage rates fall - International Herald Tribune

WASHINGTON -- Watch out for family fights, Mr. President-elect. Though Democrats will control both the new Congress and White House, the battle over a multibillion-dollar auto industry bailout already is pitting two major party constituencies against ...

Green cars and labor don't mix - Elkhart Truth

THE most graphic illustration of how the credit crunch is impacting on consumers comes from the withdrawal from the market of tracker mortgages. Trackers were all the rage in the past few years, as they offered good value and certainty to consumers ...

Hard-pressed banks read the signs and stop trackers - Independent

Hong Kong shares pared gains on Thursday as investors dumped local developers after banks raised their mortgage rates, while financial stocks rose in response to mainland’s planned measures to further boost liquidity. The benchmark Hang Seng Index ...

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