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Former loan officer pleads guilty to mortgage loan conspiracy (New London Day)
Former loan officer Jose Guzman pleaded guilty in U.S. District Court in Hartford today on charges that he conspired to commit mail and wire fraud.

Cuomo Warns of College Loan Market (R News)
New York's attorney general calls it a dangerous place that preys on our young people; he speaks of the private college loan market. Now that New York has passed a law protecting students from banks who payoff schools to get kids' business, Andrew Cuomo is educating the public.

Comparing loan products for big-ticket items ( via Yahoo! Finance)
Bankrate explores the pros and cons of popular loan products to help take the guesswork out of borrowing money.

Payday loan checks not in place? (Channel 4)
It's one area of the credit industry where there's no crunch. Payday loans are marketed as a short term financial fix. A loan of under �1000 to be repaid in 30 days.

City to discuss forgiving loan (The Cincinnati Enquirer)
Cincinnati officials are considering a developer's request to forgive a $388,000 loan because the Over-the-Rhine rehab project the money was intended for is losing money.

Nigeria: FG Grants N3.161Million Loan Under ACGSF (
As part of efforts to ensure that the non-oil sector contributes its quota to the economic growth of the country, the Federal Government has guaranteed a loan of N3,161.06 million under the Agricultural Credit Guarantee Scheme Fund (ACGSF) between January and August this year.

Cuomo wants students to avoid loan fraud (The Post-Standard)
A new DVD produced by the state attorney general's office could save college students and their families a chunk of change. Attorney General Andrew Cuomo is offering New Yorkers a free 12-minute DVD about college funding options, ways to minimize borrowing and to choose a good loan.

(AFX UK Focus) 2008-09-09 09:56 UPDATE 1-Seven Norway towns halt DnB NOR loan payments (Interactive Investor)
OSLO, Sept 9 (Reuters) - Seven Norwegian towns have refused to service around 1 billion Norwegian crowns ($176.4 million) in debt to banking group DnB NOR, saying the bank lent them money illegally.

Homebuyers May Get Lower Loan Rate After Fannie, Freddie Rescue (
Sept. 9 (Bloomberg) -- The U.S. government takeover of Fannie Mae and Freddie Mac on Sunday may provide relief for homeowners who want to refinance mortgages and prospective buyers shopping for a loan.

Kerala asks centre to provide funds for farm loan waiver (IANS via Yahoo! India News)
Kalpetta (Kerala), Sep 9 (IANS) Kerala Chief Minister V.S. Achuthanandan Tuesday said cooperative banks in the state are facing a crisis as the central government has not yet provided them funds under the loan waiver scheme announced for farmers.

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