Exclusive: MGM secures $500 mln loan to expand film, TV slate

LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production. The revolving credit facility replaces a term loan and smaller revolving facility the studio received as part of a pre-packaged bankruptcy in which its lenders exchanged $4 billion ...

Mortgage deal faces setbacks, again (Reuters)

Reuters - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Mortgage deal faces setbacks, again

(Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it. States had been given two weeks to assess a proposed settlement, under which top U.S. banks would pay up to $25 billion in exchange for resolving civil ...

Loan sharks' new tactic: Owe money? Sell house, hand over COV

Loan sharks have found a new way to get some debtors to pay up: demand that they sell their Housing Board flats and hand over the cash over valuation (COV) quantum. Related Stories Doctors claim Mindef copied their 'clinic on wheels' Woman cheated of $6,200 in Johor Baru scam Pay hike for junior and mid-level civil servants Immigration arrests fall to 11-year low: ICA 2 casinos fined total of ...

UPDATE 1-Fisker halts US plant to renegotiate govt loan

(Adds DOE statement, background on Fisker) LOS ANGELES, Feb 6 (Reuters) - Electric car startupFisker Automotive Inc said on Monday it has suspended work atits U.S. manufacturing plant and laid off 26 workers ...

Toxic loans: cause of concern | Business Recorder

A high level of non-performing loans is blamed for the growing reluctance of financial institutions to extend credit facilities to the private sector in the country.

Key states move closer to foreclosure-abuse deal (AP)

AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households.

Why Mortgage Plan Is Not a Flotation Device

By trying to help borrowers without appearing to bail them out, Obama would leave homeowners submerged

UCLA study gives qualified support to film tax credit program

California's film tax credit program may not return as much to taxpayers as proponents have claimed, but it is providing an economic benefit to the state.

Housing plan helps nearly 1 million homeowners (Reuters)

Reuters - Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.

Student loans: Hit a bull's-eye with your FAFSA

If you have a child headed off to college this fall, you've got an important item on your to-do list: the Free Application for Federal Student Aid (FAFSA), which you can submit as early as Jan. 1.

Student loans FASFA

If you have a child headed off to college this fall, you've got an important item on your to-do list: the Free Application for Federal Student Aid (FAFSA), which you can submit as early as Jan. 1.The number ...

Hoku Corporation Announces Term Extension of $50 Million Loans

HONOLULU, HI-- - Hoku Corporation , a solar energy products and services company, today announced the extension of the maturity date of $50 million in loans from Tianwei New Energy Holdings Co., Ltd., ...

This Week in Credit Card News

? Tests New Deal Service will soon offer BankAmeriDeals, its own daily discount offers to customers based on their previous spending patterns. Customers must use their debit or credit cards to get the savings. The discounts will be given in the form of monthly cash payments. will begin testing the service with its employees in ...

Credit Builder Loans Can Help Burnish Your Credit Score

Credit builder loans, offered by credit unions and other institutions, help credit-starved borrowers rebuild or establish a credit history.

Credit Builder Loans Can Help Burnish Your Credit Score

Credit builder loans, offered by credit unions and other institutions, help credit-starved borrowers rebuild or establish a credit history.

Mortgage deal may be partial fix

The architects of the joint state-federal mortgage releief plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources close to the talks.

Credit where it's due

Would Scotland inherit the UK's triple-A rating?

Credit Cards For Kids

Giving your child a credit card can be an important lesson in money management.

California may join multi-state mortgage settlement

California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open. With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's ...

What The Mortgage Relief Plan Would Do For Homeowners

The plan is directed at consumers who have underwater mortgages or have been the victim of foreclosure fraud.

7 Costly Credit Card Mistakes

Those who don’t use plastic responsibly end up with a mountain of debt.

FAFSA Much Less Painful Than Subprime School Loans

CHICAGO - If you're not intimately familiar with the terrifying phrase "February is ...

Fidelity Nat'l to buy O'Charley's restaurant chain (AP)

AP - A title insurance and mortgage services company that already owns a stake in the Bakers Square restaurant chain is buying the restaurant operator O'Charley's Inc., the companies announced Monday.

Credit Agricole – CIB Announces Three New Senior Executive Appointments

Crédit Agricole Corporate and Investment Bank, Crédit Agricole Group’s corporate and investment banking arm, today announced three new senior executive appointments.

Navigant Credit Union Selects Acumen from Fiserv

Fiserv, Inc. , a leading global provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, announced today that Navigant Credit Union, headquartered in Smithfield, R.I., has chosen the Acumen® account processing solution from Fiserv with ASP delivery, as well as several integrated solutions from Fiserv.

Danish Credit Crunch Deepens as Firms Face Vicious Circle

Denmark’s credit crunch is getting worse as businesses accuse banks of withholding funds and the financial regulator warns that deteriorating asset quality may put more lenders out of business.

Credit card rates rise for rewards cards

January 31, 2012

New truck loan means big debt

Q. I have two credit cards each at 13.99 percent, totaling $9,100 of debt. I also own my truck outright. It is valued at $11,000. I make $400 in total payments to my credit cards per month. My idea is to sell my truck, pay off the credit cards and buy a used vehicle for around $15,000. This would be lower than what I currently pay to my credit cards. I understand this will increase my total debt ...

Exillon Energy Plc - Loan Facility

Exillon Energy plc Loan Facility 6th February 2012 Exillon Energy plc ("Exillon Energy") (EXI.LN), an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora ...

Ackermann Shunned ECB Loans for Reputation

Deutsche Bank AG shunned the three- year loans the European Central Bank offered to banks in December on concern taking the funds could damage its reputation with customers, said Chief Executive Officer Josef Ackermann.

China Limits Mortgage Loans for Foreigners, NDRC Says

China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.

Same Day Payday Loan Introduces New “How it Works” Resource

Site Update Breaks Down the Cash Loan Process for New Borrowers(PRWEB) February 05, 2012 Same Day Payday Loan announces its new “How it Works” page to assist new borrowers through every step of the online payday loan process. Consumers are facing financial hardships today more than ever. This is why Same Day Payday Loan has designed an instructional page: to help those who are experiencing the ...

Demand for loans still strong - BSP

MANILA, Philippines - Strong demand for loans from enterprises and households has been sustained amid the low interest rate regime despite the economic slowdown last year, brought about by the weak global trade as well as the cautious spending by the Aquino administration, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.

Reverse mortgage may be best option for elderly homeowner

A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a ...

TexasLending.com to Discuss Home Loan Options on Radio KLIF in Dallas, Texas

TexasLending.com to Discuss Home Loan Options on Radio KLIF in Dallas, Texas CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the various home loan options available from TexasLending.com including refinance loans, home equity loans, home purchase loans, reverse mortgages and FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio in ...

Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz

Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz Home mortgage rates have set yet another record, dropping to new lows for 30 year fixed, 15 year fixed, and 5 year ARM home loans, according to mortgage rate research website, BurlingtonMortgage.biz. "Around the holidays refinancing or buying a home just isn't on most people's radars" explains Nat ...

Mortgage Tornado Warning, Unheeded

Inspired by a personal experience, a businessman became an unlikely sleuth into the practices of the mortgage industry, including Fannie Mae — and his findings have been prescient.

CEO, Garret Puckett, Proudly Announces the Recently Launched VA Loan Websites with Security America Mortgage, Inc ...

CEO, Garret Puckett, Proudly Announces the Recently Launched VA Loan Websites with Security America Mortgage, Inc., for Veterans Relocating to North Carolina Garret Puckett, the CEO of Security America Mortgage, Inc. Proudly Announced the New Release of VA Loan State Specific Websites for Veterans Purchasing a Home in North Carolina, Texas, Florida, Louisiana, Colorado, California, Arkansas, and ...

Ackermann Shunned ECB Loans on Reputation Risk for Deutsche Bank

Deutsche Bank AG shunned the three- year loans the European Central Bank offered to banks in December on concern taking the funds could damage its reputation with customers, said Chief Executive Officer Josef Ackermann.