Congress cut student loans as it raised the debt ceiling.
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Student loans becoming scarce
Leading Loan Information Resource
Leland Hart, money manager at New York-based BlackRock Inc. (BLK) , said leveraged loans still provide investors value even as prices of the debt dropped by 5.8 percent this month. Hart spoke today in an interview on Bloomberg Television’s “In the Loop”.
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Leveraged Loans Have Value Even as Prices Decline, BlackRock’s Hart Says
The threat of a double-dip recession prompted leveraged loan traders to mark down the debt of European retailers by as much as 17 percent, eclipsing losses of less than 1 percent in the rest of the market.
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Retailer LBO Loans Slump on Europe Double-Dip Recession Concern
The threat of a double-dip recession prompted leveraged loan traders to mark down the debt of European retailers by as much as 17 percent, eclipsing losses of less than 1 percent in the rest of the market.
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Retailers’ Leveraged Loans Slump on Double-Dip Recession Concern in Europe
Leveraged-loan prices dropped this week in the U.S. by the most since May 2010 amid signs that the economy is weakening and the debt crisis in Europe is escalating.
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Loans Prices See Biggest Drop in 15 Months on Weakening Economy
KKR & Co. obtained lower rates on $1.76 billion of loans backing its buyouts of Capsugel Holdings Inc.
Continued here:
KKR Wins Lower Rates on Capsugel, Academy Loans as Returns Turn Positive
Merchant Money is the first merchant account provider to offer Interest Free Loans to small business owners nationwide.
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First Interest Free Business Loans in the Merchant Processing Industry
Big banks are cutting option ARM loans in half for borrowers deemed at special risk, according to Sunday’s New York Times. JP Morgan Chase and Bank of America are approaching borrowers with pay option adjustable rate mortgages (ARMs) and cutting their debt or modifying the terms of the loan, if the borrower is deemed to be at special risk
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Banks Shocking Borrowers with Mortgage Reductions
Loans to Greece are likely to be unlocked on Saturday when eurozone finance ministers hold a teleconference due to release billions of euros to the debt-stricken nation, EU and diplomatic sources said on Friday.
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Greece loans ‘likely to be unlocked’
Late payments on auto loans hit their lowest level since 1999 in the first quarter, providing more data that shows consumers have gotten a handle on their debt.
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1Q late payments on auto loans lowest since 1999
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