Not So Smart (Equity Loan News)
BusinessWeek - First Franklin says it resisted making a lot of the unwise loans that its rivals did. Countrywide, which on Aug. 22 got a $2 billion equity investment from Bank of America ( BAC ), and HSBC declined to comment. The Street meanwhile helped power the home Read More
Times Online - Others seem to think that it will take several months, well into the first quarter, for all the loans to be sold. Only then will private equity be able to get back on a buying path – but the world will be a very different place. Debt will be more Read More
Globe and Mail - The Fed also said that falling house prices and tighter credit for home equity loans could weigh on consumer spending. But Mr. Bernanke’s overriding concern was inflation, not economic weakness, the minutes show. The Fed, which doesn’t meet again until Read More
Forbes - IAO) announced today it closed a 20.25% equity investment in Slate Consulting Co Ltd (”Slate”). Slate is a Japan which raise funds through the issuance of debentures within Australia and provide short term, secured, real property loans Read More
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