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GM Withdraws $14 Billion Loan Application for Advanced Vehicle Development

College Loans Consolidation — Sun, 06 Feb 2011 03:03:16 +0000

GM Withdraws $14 Billion Loan Application for Advanced Vehicle Development
, February 3, 2011 (ENS) – General Motors is withdrawing its $14.4 billion application for U.S. Department of Energy low-interest loans to develop future advanced technology vehicles because executives say the company doesn’t need the money.

Chrysler CEO seeks government loan refinancing

College Loans Consolidation — Sat, 05 Feb 2011 02:58:48 +0000

Chrysler CEO seeks government loan refinancing
SAN FRANCISCO (AP) – Chrysler CEO Sergio Marchionne says he hopes to reach a deal with banks to refinance the company’s high-interest government loans by the end of the first quarter.

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Loan lessons

College Loans Consolidation — Sun, 30 Jan 2011 02:55:35 +0000

Loan lessons
Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty retains his maverick streak. At the finance leadership summit of the Indian Institute Management, Lucknow (IIM-L), someone in the audience asked why car loans were cheaper than education loans in India. The veteran banker’s reply: “When a bank gives car loans, it knows that the borrower has a good job to repay. In education loans, the …

Sullivan schools apply for $5M loan for energy efficiency project

College Loans Consolidation — Thu, 27 Jan 2011 20:55:55 +0000

Sullivan schools apply for $5M loan for energy efficiency project
BLOUNTVILLE — If Tuesday’s application for $5 million in Energy Efficient Schools Initiative (EESI) loan money for Sullivan County Schools is approved, a total of $15 million in those loans soon will be flowing into the county’s three school systems.

RBI limits co-op banks’ home loan exposure to 5% of assets

College Loans Consolidation — Sat, 22 Jan 2011 14:57:12 +0000

RBI limits co-op banks’ home loan exposure to 5% of assets
The Reserve Bank of India (RBI) today said that co-operative banks cannot give housing loans beyond 5 per cent of their total assets.

US Bancorp Q4 profit up, loan losses decline

College Loans Consolidation — Fri, 21 Jan 2011 08:57:04 +0000

US Bancorp Q4 profit up, loan losses decline
CHARLOTTE, North Carolina (Reuters) – US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth…

AHFC Approves $625,000 Zero-Percent Loan to Increase Homeownership in Fairbanks

College Loans Consolidation — Wed, 19 Jan 2011 03:10:29 +0000

AHFC Approves $625,000 Zero-Percent Loan to Increase Homeownership in Fairbanks
ANCHORAGE, AK–(Marketwire – January 18, 2011) – Qualifying Alaskans will have greater access to homeownership through a $625,000 loan approved by the Alaska Housing Finance Corporation board of directors. The loan will allow Fairbanks Neighborhood Housing Services, Inc. (FNHS) to continue its down-payment assistance loan program for under-served markets and provide assistance to borrowers who …

Hrant Bagratyan: loan interest rates cannot be lowered in Armenia

College Loans Consolidation — Fri, 14 Jan 2011 14:56:54 +0000

Hrant Bagratyan: loan interest rates cannot be lowered in Armenia
If the Central Bank of Armenia decreases the refinancing rate, 9.4% inflation rate will grow to make 20%.

Loan deadline is Friday for victims of Chesco flooding

College Loans Consolidation — Fri, 14 Jan 2011 03:09:20 +0000

Loan deadline is Friday for victims of Chesco flooding
Chester County wants to remind residents about the deadline for victims of the Sept. 30 floods to apply for a form of help.

Bedford County loan going to business expansion

College Loans Consolidation — Sat, 08 Jan 2011 09:34:08 +0000

Bedford County loan going to business expansion
BEDFORD A $252,400 loan received this week from the state will help make a 10-year expansion dream come true, Bedford County Development Association Executive Director Bette Slayton said.