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Current Loans News Today
Fed to provide as much as $900B in loans to banks (AP via Yahoo! News) The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.
Mon, 06 Oct 2008 18:50:04 GMT
FHA Will Take on Subprime Loans Shunned by Lenders (Update1) (Bloomberg) Oct. 6 (Bloomberg) -- The Federal Housing Administration has grown so large that by the end of the year it will guarantee mortgages for three in 10 U.S. borrowers, many of whom have bad credit or loans that required no verification of income.
European Carmakers Want EU40 Billion in State Loans (Update2) (Bloomberg) Oct. 6 (Bloomberg) -- Automakers have asked the European Union to approve 40 billion euros ($54.4 billion) in low- interest loans to help them develop fuel-efficient vehicles as the global financial crisis affects sales.
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