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Shying Away From N.Y. Loans (New York Times)
Fannie Mae and Freddie Mac have said they would not buy subprime loans from New York because a new law exposes them to too much risk and cost.

Making a Business of Family Loans (New York Times)
As banks tighten lending standards, alternative sources are stepping into the breach, organizing and processing loans among family, friends and business associates.

Delinquent loans on residential properties rise (The Record)
WASHINGTON - The delinquency rate for mortgage loans, the percentage of foreclosures starting and the percentage of loans in foreclosure on New Jersey residential properties all rose in the second quarter, the Mortgage Bankers Association said Friday.

No More Loans For College Loan (Forbes)
The company, which lost its funding, will reportedly stop disbursing student loans.

Ford backs federal loans (Detroit Free Press)
Ford Motor Co. Executive Chairman Bill Ford voiced his support Friday for government loans for the auto industry and growing attention on the nation's lack of energy policy.