“Big slump in UAE mortgage loans in 2009 (Arabian Business)” plus 2 more

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• Big slump in UAE mortgage loans in 2009 (Arabian Business)
• Disaster loans available for Laguna Woods residents (Laguna Woods Globe)
• Racing authorities look into Zayat's loans to bookmakers (Lexington Herald-Leader)

Big slump in UAE mortgage loans in 2009 (Arabian Business) Posted: 02 Mar 2010 07:59 PM PST The total value of home loans extended by banks in the UAE slumped to AED15bn in the first 11 months of 2009, down from AED74bn the previous year, it was reported on Wednesday. Central Bank figures showed growth in domestic mortgage credit fell from around 123 percent during 2008 to just 12 percent during January-November 2009, Emirates Business reported. Tight credit policies at the UAE's 24 national banks and 28 foreign units contributed to the sharp slowdown while poor investors' confidence was also a factor. Story continues below ↓ advertisement Personal loans were also hit, according to the figures, with those for business purposes rising by only around AED10bn in the first 11 months of 2009 compared with an increase of nearly AED54bn in 2008. The paper also reported that personal loans shrank slightly after leaping by nearly AED26bn in 2008. The figures showed total credit in the UAE grew by only around 4.6 percent in the first 11 months of 2009 compared with 47.6 percent in 2008. READERS' COMMENTS MORE FROM ARABIANBUSINESS.COM Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Disaster loans available for Laguna Woods residents (Laguna Woods Globe) Posted: 02 Mar 2010 04:00 PM PST LAGUNA WOODS Residents affected by recent flooding due to winter storms can take advantage of federal disaster loans through the U.S. Small Business Administration. Loans are available for homeowners, renters and business owners in declared disaster areas in Southern California, including Orange County, who have suffered a disaster. Homeowner's can receive loans up to $200,000 to repair damage to real estate and up to $40,000 to replace personal property within a home, according to a statement released by SBA in February. Renters are eligible to apply for loans to replace a loss of personal property including cars. SBA said interest rates could be as low as 2.562 percent for a maximum of 30 years for homeowners. Loan terms are set based on each applicant's financial need. Applicants must demonstrate a credit history that meets SBA standards, the ability to repay loans and collateral such as real estate. Only uninsured disaster losses are eligible for a loan and secondary homes, recreational vehicles and boats are not eligible for loans. To learn more about what is eligible visit SBA's Disaster Loan Fact Sheet. Applications for property damage loans are due April 19. Potential borrowers who would like more information can call SBA at 800-659-2955 or apply online at sba.gov/services/disasterassistance. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Racing authorities look into Zayat's loans to bookmakers (Lexington Herald-Leader) Posted: 03 Mar 2010 12:54 AM PST The Jelinsky brothers pleaded guilty in February 2009 to operating an illegal gambling business using offshore race books as well as casino race books in Las Vegas from 2005 to August 2007. The brothers forfeited nearly $5 million and were sentenced to federal prison. Several states, including Kentucky, prohibit licensed Thoroughbred owners from associating with convicted felons or known bookmakers. Cash grain Corn Soybeans Wheat Central Ky. 3.09-3.70 9.02-9.45 3.68 Louisville 3.63 9.51 4.19 Cumberland 2.97 8.60 ---- Ohio Valley 3.68-3.82 9.61-9.744.14-4.60 Cattle markets All reports are yesterday's markets. Information is provided by Federal-State Market News Service. Price trends are compared with last sale. Bluegrass Okla. City CATTLE Receipts 2,286 12,765 SLAUGHTER COWS Price trend 2-down stdy-2 dn Breakers 42-50 49-57 Boners 43-52 47-57 High Yield 25-57 52-61 Lean 41-49 44-51 SLAUGHTER BULLS Price trend stdy-weak stdy-3 up Yield grade 1-2 54-64 67-77 FEEDER STEERS (Medium No. 1) Price trend stdy-firm 1-4 up 300-400 lbs. 112-127 141-152 400-500 lbs. 112-123 122-137 500-600 lbs. 108-118 113-126 600-700 lbs. 99-110 101-115 700-800 lbs. 93-101 96-105 800-900 lbs. 88-93 92-98 900-1,000 lbs. 85-91 88-95 HOLSTEINS (Large Frame No. 2) Price trend lite test no test 300-400 lbs. --- --- 400-500 lbs. --- --- 500-600 lbs. --- --- 600-700 lbs. 73 --- 700-800 lbs. --- --- 800-900 lbs. --- --- FEEDER HEIFERS (Medium No. 1) Price trend 1-3 down stdy-2 dn 300-400 lbs. 100-107 116-124 400-500 lbs. 98-104 108-117 500-600 lbs. 91-100 102-110 600-700 lbs. 85-96 94-104 700-800 lbs. 84-90 90-99 PER HEAD STOCK COWS 380-630 600-930 COWS W/CALVES --- 640-985 STOCK BULLS --- --- CALVES 240 --- Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now

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