Archive for February, 2009

Union Bank cuts new home loan rate (Business Standard India)

Written by Admin on Saturday, February 28th, 2009 in Uncategorized.

Public sector lender Union Bank of India today reduced interest rates on new home loans by 25 to 100 basis points. Similarly, interest rates for new car loans were reduced by 125 to 150 basis points.

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MONEY & BANKING (The Hindu)

Written by Admin on Saturday, February 28th, 2009 in Uncategorized.

CREDIT MARKET: Union Bank, PNB cut rates on car, home loans Mumbai, Feb. 28 Taking a cue from State Bank of India, Union Bank of India and Punjab National Bank on Saturday announced cuts in interest rates on car loans and home loans with effect from March …

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Business to share: Metro Detroit companies promote one another (Detroit News)

Written by Admin on Saturday, February 28th, 2009 in Uncategorized.

With discounts, gift cards and even low-interest loans, Metro Detroit businesses are encouraging consumers to spend their money at local establishments to help bolster southeast Michigan’s moribund economy.

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Will new housing aid plan help me? (San Gabriel Valley Tribune)

Written by Admin on Friday, February 27th, 2009 in Uncategorized.

Between the $75 billion foreclosure plan President Barack Obama revealed last week and the $787billion economic stimulus he signed a day earlier, the government is promising a range of programs aimed at getting new help to homeowners.

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By Simon Shuster

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Obama mortgage relief may help homeowners by April (AP via Yahoo! News)

Written by Admin on Thursday, February 26th, 2009 in Uncategorized.

Against a backdrop of record-low new home sales and another round of heavy losses expected from Fannie Mae, Housing Secretary Shaun Donovan told Senate lawmakers the lending industry is set to launch its foreclosure prevention program next week.

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HUD secretary, Congress debate foreclosure plans (AP via Yahoo! News)

Written by Admin on Thursday, February 26th, 2009 in Uncategorized.

Against a backdrop of record-low new home sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $75 billion foreclosure prevention program next week.

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By Simon Shuster

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The State Bank of Travancore has given a double boost to the sagging home loan business, offering home loans at 8% for one year as against the current rate of 10.25%, and offering home loan applications on the net.

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Brookfield will pay off (San Diego Daily Transcript via Yahoo! News)

Written by Admin on Tuesday, February 24th, 2009 in Uncategorized.

San Diego homebuilder Brookfield Homes is offering a new VA loan program making it easier for veterans and active duty military personnel to buy a new home by helping qualified buyers pay off credit card debt or car loans.

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