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Home-Equity Loan Delinquencies Increase to Record (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- Late payments on home equity loans rose to a record in the third quarter, showing consumers remain under financial stress as unemployment rises amid a continuing credit crisis, the American Bankers Association reported.

Sanitec Loan-Derivative Traders Vote to Hold Auction (Update1) (Bloomberg)
Jan. 8 (Bloomberg) -- Traders of credit-defaults swaps on Sanitec Oyj voted today to hold an auction to settle the derivatives after the ceramics maker missed a loan repayment, Markit Group Ltd. said in a statement.

Loan Delinquencies Hit Record High Last Year (Washington Post)
Delinquencies on auto loans and home equity lines of credit reached their highest levels on record during the third quarter of 2008, the American Bankers Association reported yesterday.

Lyondell Gets $2 Billion In Bankruptcy Financing (New York Times)
A bankruptcy court gave Lyondell Chemical the green light to access more than $2 billion in interim debtor-in-possession financing and an emergency $100 million loan from a group of private equity firms and Wall Street banks.

Consumer loan late payments at 28-year high (Reuters via Yahoo! News)
Soaring unemployment has caused more Americans to fall behind on loan payments than at any time since 1980, and delinquencies are likely to head higher, the American Bankers Association said on Wednesday.



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