Latest Commercial Mortgage Loan news:

Home Loan Investment shifts focus, trims staff
WARWICK – Rhode Island-based Home Loan Investment Bank recently laid off about 30 employees as the company shifts its focus from mortgages to commercial loans in the wake of major disruptions in the home loan industry.
Read more News Source - Providence Business News
Publish date - 17:32:51 07/18/08

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Oman: Banks try to reach consensus on personal loan amount
MUSCAT -- Local banks are trying to reach a consensus on restricting maximum personal loan amount to an individual borrower to ease repayment burden of people. The move is expected to check excessive borrowing at a time when the cost of living is going up in view of inflationary pressures.
Read more News Source - Zawya
Publish date - 07:27:00 07/20/08

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JPMorgan Chase profit falls 53 pct on loan losses
JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better than expected and gave Wall Street a lift.
Read more News Source - AP via Yahoo! News
Publish date - 13:30:11 07/17/08
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JPMorgan Chase profit falls 53 percent on loan losses
JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better
Read more News Source - New London Day
Publish date - 10:08:56 07/18/08

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Central bank punishes loan violators
HCM CITY — The central bank has instructed some commercial banks to throw the book at executives in charge following reports of violations of loan and interest rate rules.
Read more News Source - Việt Nam News
Publish date - 07:47:51 07/18/08

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Fitch Takes Rating Actions on Greenwich Capital Commercial Funding Corp, Series 2006-FL4
NEW YORK----Fitch downgrades 1 Class of Greenwich Capital Commercial Funding Corporation, Series 2006-FL4, commercial mortgage pass-through certificates as follows:
Read more News Source - Business Wire via Yahoo! Finance
Publish date - 17:43:31 07/18/08

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CIT Has Fifth Straight Loss on Mortgage Units' Sale (Update3)
July 17 (Bloomberg) -- CIT Group Inc. , the century-old commercial lender facing about $6.2 billion in debt repayments by the end of the year, posted its fifth straight quarterly loss after losing money on the sale of its mortgage businesses.
Read more News Source - Bloomberg.com
Publish date - 13:18:10 07/17/08

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JPMorgan Chase Profit Falls 53% On Loan Losses
NEW YORK (AP) – JPMorgan Chase’s profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank’s resul....
Read more News Source - The Memphis Daily News
Publish date - 05:08:40 07/18/08

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Vestin Realty Mortgage I, Inc. Announces Payment of Delinquent Loan
LAS VEGAS----Vestin Realty Mortgage I announced today that it received payment in full on a loan which became delinquent the last week of June 2008 in the principal amount of approximately $7.7 million plus accrued interest.
Read more News Source - Business Wire via Yahoo! Finance
Publish date - 00:54:34 07/16/08

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Vestin Realty Mortgage II, Inc. Announces Payment of Delinquent Loan
LAS VEGAS----Vestin Realty Mortgage II announced today that it received payment in full on a loan which became delinquent the last week of June 2008 in the principal amount of approximately $22.3 million plus accrued interest.
Read more News Source - Business Wire via Yahoo! Finance
Publish date - 00:47:04 07/16/08

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Kirtland Federal Credit Union Turns to FICS for Mortgage Origination and Servicing Solutions
DALLAS----Financial Industry Computer Systems, Inc. , a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that New Mexico-based Kirtland Federal Credit Union is successfully utilizing its residential loan origination and servicing suite of mortgage technology solutions.
Read more News Source - Business Wire via Yahoo! Finance
Publish date - 13:03:04 07/16/08

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R&G Financial Announces Receipt by R&G Mortgage and Premier Bank Subsidiaries of Termination Notices from Freddie Mac, ...
R&G Financial Corporation , a Puerto Rico chartered bank holding company, announced today that R&G Mortgage Corporation, the Company's wholly-owned Puerto Rico mortgage subsidiary and R-G Premier Bank, the Company's wholly-owned Puerto Rico chartered commercial bank subsidiary have received notices from the Federal Home Loan Mortgage Corporation of immediate termination of their respective ...
Read more News Source - PR Newswire via Yahoo! Finance
Publish date - 12:47:03 07/16/08

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Fitch Affirms JP Morgan Commercial Mortgage Finance Corp. Series 2000-C10
NEW YORK----Fitch Ratings has affirmed JP Morgan Commercial Mortgage Finance Corp., commercial mortgage pass-through certificates, series 2000-C10 as follows:
Read more News Source - Business Wire via Yahoo! Finance
Publish date - 16:24:06 07/15/08

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JPMorgan bests forecasts but sees US credit worsen
The banking sector looked a little brighter for a second straight day Thursday after JPMorgan Chase & Co. reported better-than-expected results despite a spike in mortgage and other loan defaults.
Read more News Source - AP via Yahoo! News
Publish date - 21:39:39 07/17/08
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JPMorgan predicts more loan losses
JPMorgan Chase & Co. said Thursday that it expects continued deterioration in its home equity, subprime and prime mortgage portfolios through the remainder of the year.
Read more News Source - MSNBC
Publish date - 19:51:02 07/17/08

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