Loans

DETROIT (AP) - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007. The bleak numbers ...

WASHINGTON (MarketWatch) -- The Federal Reserve Bank of New York on Monday began buying illiquid mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac and Ginnie Mae as part of an earlier announced $500 billion program. The program was ...

CAIRO, Egypt (AP) -- Amira Khairy is mobbed by housewives kissing her cheeks in greeting as she arrives to give a lesson on reciting the Quran to women at the Al-Sedeeq mosque in a Cairo suburb. Students set up chairs for the class, and soon the hum ...

For most of the 1990s, the euro was the big political question for both Spain and the UK. In Britain, the question was whether to join, while in Spain the concern was whether its economy was robust enough to qualify for membership. As the credit ...

WASHINGTON (AP) -- The government said Monday it had supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund. The Treasury Department said the biggest payment in the new round totaled $7.58 ...

Finance Secretary Arun Ramanathan On Monday had a meeting with top officials from state-owned banks, including the State Bank of India, to review credit offtake during December 5-19. ?The government wants us to clear all proposals (loans) relating ...

BEIJING, Jan 6 (Reuters) - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 ...

Mortgage giant Fannie Mae plans to raise a previous 1.25% fee charged to lenders to 3.25% -- and yes, that is passed on to the consumer -- on some types of mortgages it purchases. Saturday's Wall Street Journal had a short write-up on it. For ...

DETROIT : The historic collapse of the new-car market dragged on in December, raising questions of whether the auto industry will ever again have sales levels that it took for granted just a few years ago. The across-the-board decline of 35 percent ...

Five months after taking a $100 million bailout from the Dierberg family, First Banks is taking another $295 million from the federal bank rescue fund. The bank issued $295 million in preferred stock, paying a 5 percent dividend, to the U.S. Treasury ...