KiloGold

Oppenheimer sued for $1.8 billion in improper loans
CHICAGO (Reuters) – A group of lenders sued OppenheimerFunds Inc, an investment subsidiary and an advisory company, accusing it of wrongfully procuring $1.8 billion in loans from March 2006 to September 2007 to buy investments that were too risky to meet lending agreements.

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Riskier Loans Make a Comeback, as Private Firms Take the Field
Home buyers with less-than-stellar credit are being offered home loans again — with some of the same conditions critics say tripped up subprime borrowers five years ago.

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Small Business Association to Give Low-Interest Loans in Flooded Counties
A farmhouse and buildings sit surrounded by flood waters from the nearby Missouri River, Wednesday, June 15, 2011, in Hamburg, Iowa. The water level continues to rise and officials say that it should crest sometime later this week.

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China H1 new loans fall to 4.17 trillion yuan
New loans issued by China’s banks fell nearly 10 percent in the first half of 2011, the central bank said Tuesday, suggesting Beijing’s efforts to stem a flood of liquidity are bearing fruit.

Read more on AFP News via Yahoo! Malaysia News

Home loans rose 4.4% in May
The number of home loans approved in May rose 4.4 per cent, to a seasonally adjusted 49,437, official data shows.

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Venture West Funding Arranges $16.7 Million in Loans with Sterling Savings Bank
EL SEGUNDO, Calif.–(BUSINESS WIRE)–Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA, announced it has arranged six loans totaling $16.7 million for the refinance of six apartment buildings in Inglewood, CA. The portfolio of loans was arranged by Dave Meis, senior loan officer of Venture West Funding’s Orange County office for a Los Angeles-based private investor …

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Welcome mat out for home loans
THE number of home loans approved by lenders is rising in a signal that stability is returning to the housing market.

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Tekun Gave Rm11.698 Million In Loans To Kedah Entrepreneurs
ALOR SETAR, July 12 (Bernama) — The economic fund national entrepreneurial group (Tekun Nasional) channelled RM11.698 million in loans to 1,282 entrepreneurs in Kedah in the first five months of the year.

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Beware of false promises in stock loans and principal-protected notes
Principal-protected notes are another financial instrument to take caution with.

Read more on Fort Worth Star-Telegram

Banks gearing up to fill looming gap in jumbo loans
Fannie Mae, Freddie Mac and the FHA are facing an upcoming cutback in mortgage limits, but banks say they’re planning to expand their jumbo loan business in high-cost housing markets. How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing …

Read more on Los Angeles Times