Disagreements delay First Data loan sale to next week: Bloomberg (Market Watch)

Magna Entertainment Corp. (TSX: MEC.A ) is getting another bridge loan from MI Developments Inc. (TSX: MIM.A ) as the staggering horse-racing operator runs up its latest plan to pay down debt.

Two borrowers find that loan modifications aren't easy to come by (San Francisco Chronicle)

Loan modification sounds clear-cut: A lender changes the terms of a mortgage to make it more affordable. It could involve lowering the interest rate, extending the term of the loan or even forgiving some of the principal. Lenders are not forthcoming about how...

Fitch Affirms 15 & Downgrades 5 Classes from 5 Centex Home Equity Loan Subprime Transactions (Business Wire via Yahoo! Finance)

NEW YORK----Fitch has taken rating actions on the following Centex Home Equity Loan mortgage pass-through certificates:
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Fitch Downgrades $384.2MM from 1 Soundview Home Equity Loan Trust 2nd Lien Transaction (Business Wire via Yahoo! Finance)

NEW YORK----Fitch Ratings has taken the following rating actions on Soundview Home Equity Loan Trust asset-backed certificates. Downgrades total $384.2 million. Break Loss percentages and Loss Coverage Ratios for each class, rated B or higher, are included with the rating actions as follows: