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Checkmate ordered to halt loan program
The state Department of Financial Institutions has issued a temporary cease and desist order against payday lender Checkmania Inc., a Carlsbad, Calif.-based company that does business in Washington under the names Checkmate and Checkmate Express.

Read more on The Olympian

Mortgage Investors Duped by Occupancy Errors
Borrowers either never moved into or later vacated homes for at least 25 percent of U.S. mortgages that were described as being for “owner occupied” properties when bundled into securities, according to 1010data.

Read more on BusinessWeek

Saudi banks protected against bad loans – c.bank
* Banks booked less provisions in Q4 – c.bank governor

Read more on Reuters via Yahoo! Singapore News

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U.S. says it wins again in Canada lumber dispute
A binding arbitration panel has ruled Canada has again breached its softwood lumber deal with the United States, this time with aid offered by provincial governments in Quebec and Ontario, the U.S. trade representative said on Friday.

Read more on Reuters via Yahoo! News

Spain plans partial nationalization of savings banks
Spain plans a partial state takeover of its weakest savings banks as it seeks to reassure investors a rescue will not weigh on its deficit.

Read more on Reuters via Yahoo! News

Citizen Group Hopes For Interest Cap On Payday Loans
Leaders from many Virginia localities are gathering for a conference in Richmond today to discuss lowering the interest rates on payday loans.

Read more on WCYB 5 Tri-Cities

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I took spring semester with loans from Baker college. Got hit by a car and couldn’t attend the last day of class for psychology. Now will i be penalized and what will happen to my loans for fall semester. They say I have fall semester covered but what if I can’t attend? Will I be owing the whole thing? Can someone tell me, please and thanks.

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Is there a stipulation under the law that would allocate the credit to pay of my loans instead of receiving the tax credit?
I received a very condescending and unintelligible response from Realtoratheart. The answer was reported and this person has been blocked. I am only seeking helpful answers.

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I have pretty crappy credit compliments of my ex-husband. I’m in need of a vehicle and do not have a co-signer to help with getting a loan. Does anyone know what the deal is behind the guaranteed credit loans at dealerships?

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I have approximately $65,000 in student loans left, I’ve been paying them off, but my interest rates are all between 9 and 10 percent. Which is extremely high, I’ve had years where I’ve barely been able to even pay off the interest. 10% seems ludicrously high, there must be a better way. Can anyone please, please suggest how I can get a lower rate, these loans are killing me.

Thanks so much.

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I attend a university and I want to change my major from nursing to psychology here, which will push my graduation date up to August 2009. Then I want to begin a nursing degree at a community college fall 2009. I have a federal subsidized and an unsubsidized loan. Will my loans roll over and continuing accumulating (like they have been) or will I have to start paying them back once I finish the psychology degree?
Any helpful answers and resources are appreciated!

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Summary Box: Wells Fargo 4th-qtr profit rises
PROFIT LEAPS: Wells Fargo & Co. posted net income attributable to common shareholders of $3.2 billion, or 61 cents per share, matching analyst expectations. Last year, profit of $394 million, or 8 cents per share, was sharply reduced by preferred dividends paid under the government bailout.

Read more on INO News

India Discusses $1.9 Billion Freight Railway Venture With Reliance, Tata
India’s government discussed a possible venture with Reliance Infrastructure Ltd. , Tata Group and Larsen & Toubro Ltd. to build an 85 billion rupee ($1.9 billion) stretch of national freight railway.

Read more on Bloomberg

Foreclosures rise 14%, with many loans ‘upside down’
Foreclosures rise 14%, with many loans ‘upside down’

Read more on Austin American-Statesman

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Although I’m confident that pharmacists can pay off student loans over time, I’d like to know how much is too much to borrow for pharmacy school? I don’t like the idea of being in debt after I graduate- it’s a little scary for new graduates… Pharmacy students and graduates, how much is too much? Thanks
Also, how much in loans did you have to take out until you graduated?

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I and my fiance are planning to go to Bible College in December, and today my father told me it might no longer be possible to get student loans. Is this true?

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