FEDERAL BUSINESS LOAN News, Sports, Shopping, Travel information

Troubled Fannie Mae Shakes Up Leadership
new york, aug. 28 (upi) -- the federal national mortgage association, battered by the meltdown in the u.s home loan business, has shaken up its senior management, officials said.
www.upi.com

Singletary: Federal Regulators Issue Warnings Over Cancelled Lines Of Credit
an increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan.
www.clarionledger.com

Troubled Fannie Mae Shakes Up Leadership
the federal national mortgage association, battered by the meltdown in the u.s home loan business, has shaken up its senior management, officials said.in an announcement in washington fannie mae officials said that daniel mudd will remain chief executive but its chief financial officer and two other top executives are out. they will be replaced by other fannie mae insiders, the washington post ...
economie.moldova.org

American Sterling Bank Broke Laws, Federal Regulators Allege
federal regulators have found that american sterling bank and its owners violated several banking laws, including keeping “inaccurate books” and engaging in transactions that violated banking laws.
www.kansascity.com

Small Business Funding Problems? Get Creative
(ara) - owning a small business is always a challenge, but especially when the economy is in a well documented downturn. the federal reserve recently noted more banks are raising lending standards for small businesses, blaming tightening credit conditions on a less favorable economic outlook.
www.carteretnewstimes.com

Home Federal Bancorp, Inc. Of Louisiana Reports Results Of Operations For The Year And Quarter Ended June 30, 2008 And ...
home federal bancorp, inc. of louisiana (the "company") (otcbb:hfbl), the "mid-tier" holding company of home federal savings and loan association, reported net loss for the year ended june 30, 2008 of $82,000, or diluted loss per share of $0.03, a decrease of $719,000, or 112.9%, as compared to the $637,000 in net income reported for the year ended june 30, 2007. net loss for the three months ...
www.centredaily.com

11:45 A.m. — Veterans Urged To Take Advantage Of Patriot Express Small Business Loans
11:45 a.m. — veterans are being urged to take advantage of a federal loan program for small businesses.
www.guampdn.com

Business Briefs
the state corporation commission wants the public's views on proposed rules for late-payment and bad-check charges by telephone companies. the industry is seeking a bad-check charge of $30 and late charges of $5 for home and $20 for business customers. the rules can be found and comments made about them at www.scc.virginia.gov/case.
www.inrich.com

County Considers Helping With Loan Fund
a second revolving loan fund for businesses could be established through the mid-iowa development association - provided that area counties ante up. cliff weldon, executive director of midas, asked the webster county board of supervisors to provide $5,000 for the fund as part of the local matching funds required to receive a federal grant for the program.
www.messengernews.net

Business Briefs
the state corporation commission wants the public's views on proposed rules for late-payment and bad-check charges by telephone companies. the telephone industry has requested changes and is seeking a bad-check charge of $30 and monthly late charges of $5 for residential and $20 for business customers. copies of the rules are available for public inspection at the scc clerk's office at 1300 e. ...
www.inrich.com

Us Thrifts $5.4b Lost In 2q, Second Largest Ever - Seattle Times
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. data from the u.s. office of thrift supervision released wednesday show federally-insured savings and loan ...
seattletimes.nwsource.com

Feds Warn Thrifts About Changing Equity Loan Terms - Miami Herald
washington 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. the office of thrift ...
www.miamiherald.com

Critics Blast Fannie, Freddie Decision On N.y. Mortgages - Press & Sun-bulletin
albany -- housing advocates say a decision by two of the country's leading purchasers of mortgages to stop buying sub-prime mortgages in new york is "hypocritical" and "a bullying tactic." josh zinner of the neighborhood economic development advocacy ...
www.pressconnects.com

Us Thrifts 2q Loss Of $5.4b Is Second Largest Ever - International Herald Tribune
washington : 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. data from the u.s. office of thrift supervision released wednesday show federally-insured savings and ...
www.iht.com

Borrowers' Options Shrink As Lending Rules Tighten - Guardian Unlimited
new york, aug 28 (reuters) - in lean times, banks can sometimes demand an arm and a leg before making a loan. these days, they may also want a vital organ or two. lenders who freely provided funding to companies earlier this decade are now being far ...
www.guardian.co.uk

Regulators Warn Lenders On Home Equity Loans - Houston Chronicle
washington — 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. the office of ...
www.chron.com

More Bank Failures May Be On The Way, Fdic Warns - Los Angeles Times
washington -- federal regulators tuesday boosted to $8.9 billion the estimated cost of indymac bank's failure and prepared the public for more collapses, reporting that the number of troubled u.s. banks shot up 30% in just three months. the federal ...
www.latimes.com

'problem' Banks List Is Growing For Fdic - Chicago Tribune
the federal deposit insurance corp. said its "problem list" of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue. the list had 117 banks as of june 30, up from 90 in ...
www.chicagotribune.com

Sierra Club Intensifies Attack On Dynegy - Houston Chronicle
the sierra club is expanding its fight on two fronts against a power plant dynegy is building near waco, claiming federal financial support of the project was given improperly and that the company started construction without proper permits. in a ...
www.chron.com

Home Federal Reports Fourth-quarter, Year-end Losses - New Orleans Times-picayune
home federal bancorp, inc. of louisiana reported a fourth-quarter and year-end net loss on tuesday. the shreveport parent of home federal savings and loan association had a net loss of $457,000 for the three-month period that ended on june 30 ...
www.nola.com