Latest Interest Only Loan news:

Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

---

The area student loan market is steady now, but student debt is likely to increase as tuition, other costs rise
The tremors that shook the student loan industry and had private lenders threatening to abandon the business have quieted, but students are now likely to have to borrow more for higher education, experts said.
Read more News Source - Chattanooga Times Free Press
Publish date - 04:19:11 07/20/08

---

BSN to attract more SMEs to take up micro financing loan
KUALA LUMPUR: Bank Simpanan Nasional Bhd (BSN) aims to attract more small and medium enterprises (SMEs) to take up its micro financing loan called Temaniaga.
Read more News Source - The Borneo Post
Publish date - 02:07:21 07/20/08

---

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

---

Burdened with home loan? Here's help
The interest rate being charged on a loan is reasonable given the market situation, says personal finance expert Harsh roongta. However, if one has surplus money, one should consider prepayment.
Read more News Source - rediff.com
Publish date - 05:33:14 07/18/08

---

Middlesbrough boss confirms midfielder interest
"We have had interest in Lee, along with a couple of other of our young players," Gareth Southgate told the official club website. "There's been a lot of loan interest and there has been a tentative offer, but that's as far as it's gone at this moment in time."
Read more News Source - fansfc.com
Publish date - 09:08:24 07/18/08

---

BSN AIMS TO ATTRACT MORE SMEs TO TAKE-UP ITS MICRO FINANCE LOAN
KUALA LUMPUR, July 19 (Bernama) –- Bank Simpanan Nasional Bhd (BSN) aims to attract more small and medium enterprises (SMEs) to take up its micro financing loan called Temaniaga.
Read more News Source - Bernama via Yahoo! Malaysia News
Publish date - 07:09:38 07/19/08

---

Analysis: Washington running out of economic options
The nation’s leaders are running out of answers to America’s economic crisis. The Federal Reserve has no more practical room to push interest rates lower; there’s only so much taxpayer money for shoring up housing, and if depositors lose confidence there’s little officials can do to stop a run on banks.
Read more News Source - The Post and Courier
Publish date - 04:18:09 07/20/08

---

How to Get a Mortgage in Today's Market
(ARA) - Whether you're buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago.
Read more News Source - Carteret County News-Times
Publish date - 06:33:08 07/20/08

---

Northrail delay costs $20 M a year
The Philippines is paying China roughly more than $20 million every year as a “commitment fee,” representing two percent of the $1.008-billion loan for the suspended Northrail project. The amount is on top of the P1-million daily interest the country is paying.
Read more News Source - Philstar.com
Publish date - 15:53:08 07/19/08

---

Long-term loan alert
CASH-strapped home buyers are being pushed into 40-year home loans that can end up costing them $200,000 in interest but only cut their repayments by $20 a week.
Read more News Source - Herald Sun
Publish date - 16:04:31 07/17/08

---

Loan program may help borrowers in trouble
After six months of haggling and political gamesmanship, a big housing relief bill is heading for final approval. Although it has hundreds of pages and dozens of separate initiatives - including revamping federal oversight of mortgage giants Fannie Mae and...
Read more News Source - San Francisco Chronicle
Publish date - 07:28:52 07/20/08

---

401(k) loan policies can't be too stringent
Would you still put money in a tax advantaged retirement fund if you couldn't touch it until you retired? And when I say you couldn't touch it, I mean you couldn't take out loans or withdraw funds under any circumstances.
Read more News Source - Everett Herald
Publish date - 07:08:14 07/20/08

---

Welcoming foreclosure
Ralph Stover has good credit and a steady job. But he took out a risky interest-only first mortgage and a second mortgage to buy a new 1,900-square-foot condominium in 2003 with no money down. Now, the 52-year-old Columbus man is scared he could become another casualty in the ongoing housing meltdown.
Read more News Source - The Columbus Dispatch
Publish date - 10:04:30 07/19/08

---

With the loan bar higher, the rules are different now
During the height of the real estate boom, it was not only possible to buy a home with little cash and less-than-ideal credit, but with soaring real estate prices, it was easy to refinance as well.
Read more News Source - Miami Herald
Publish date - 20:33:38 07/18/08

---