Last Updated Stories in LOAN

What does $1 Million Buy you in Today's Real Estate Market?

" In many parts of the country, it can certainly go a long way. In other areas, however, even with the unprecedented drop in home prices over the the past three years, a seven-figure price tag doesn't necessarily get you an ultra-luxurious apartment or big house in the...

Costa Rican Ex-President Convicted in Historic Trial

Costa Rican Ex-president Rafael Ángel Calderón Fournier (1990-1994), was found guilty of peculation in what was known as the Caja-Fischel case, which culminated in the largest corruption scandal and the first...

B.C. Government Ends Leaky Condo Loan Program

The British Columbia government announced today that it is ending the leaky condo loan program, due to the decrease of revenue coming in at a time of recession. ""The financial viability of the program has severely declined and can no longer be sustained," the government...

IMF hiding Sri Lanka's Letter of intent

Despite opposition from US, UK and France, IMF approved the loan of 2.5 billion dollars to Sri Lanka.It is not clear how IMF will ensure the money will not be spent again on military and ethnic...

Fontainebleau Las Vegas resort files for Chapter 11 bankruptcy

The $3 billion Fontainebleau Las Vegas resort project filed for Chapter 11 bankruptcy protection late on Tuesday, after a group of lenders pulled out of an $800 million loan that was needed to finish the...

US opposed to $2 bn IMF loan to Sri Lanka: Hillary Clinton

After Britain, the US is the second country which appears to be opposing the massive loan from the IMF to Sri Lanka, which is currently under consideration.Countries like Sri Lank begging for loans must first stop their war. They have enough money for weapons to kill their...

Mexico To Receive World Bank Loans To Deal With Swine Flu Crisis

It is reported that Mexican Finance Minister Agustin Carstens said Mexico would receive the loans of over $200 million from the World Bank to support Mexican economy while the country is combating the emerging...

Cave Dwelling Family Can't Refinance, Selling Home on eBay

UPDATE MARCH 8th:  I'm happy to report that things are looking up for the Sleeper family -  it looks like they'll be getting private financing to keep their family "cave", after all.  Here's an...

Will the German government become defacto shareholder in BC P3s?

The German bank that's involved in the financing of three high profile public-private partnership (P3) projects in British Columbia may be partially nationalized by the German government. Hypo Real Estate (HRE)...

President Bush says GM, Chrysler to get $17B Loan from Government

Ford decided that they don't need a loan at this time.GM and Chrysler will take the money.  This will not solve theirproblems but it will give them three monthsto begin making needed changes. "President Bush...

House approves $14 billion bailout for auto industry

A $14 billion bailout has been approved for the US auto industry tonight - the struggling Big Three. They are Chrysler, Ford and General Motors."Republicans in the House and the Senate said throughout the day that...

Harry Reid says Congress Will Vote on $15B Auto Bailout, Despite Republican ...

Senate Majority Leader, Harry Reid says there will be a vote on the Auto Bailout dispite Congressional Republican Opposition.  The vote will be today or Wendsday."Congress and the White House are working...

Ford Motor Company Statement on Proposed Congressional Automotive Industry Bill

I offer the following straight off the Ford PR presses."DEARBORN, Mich., Dec. 8 – As we told Congress, Ford is in a different position. We do not face a near-term liquidity issue, and we will not be seeking a short term bridge loan. But Ford fully supports an effort to...

Government to aid credit issuers with $7.76 trillion

UPDATE 2:38 EST: The US treasury department has revealed it is going to provide an unprecedented $7.76 trillion for guaranteeing Citigroup's debt in a bid to rescue the frozen credit markets for consumers."The...

Citigroup Bailout May Assist More Homeowners

The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue...

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