Midland Loan Services gains large account (The Kansas City Star)
Overland Park-based Midland Loan Services Inc. said a large commercial mortgage company has tapped Midland’s loan management technology to service its $5.2 billion, 800-loan portfolio.

Resident sues city over arts loan (Orlando Sentinel)
A Daytona Beach resident and commercial property owner has sued the city for a decision to give a $500,000 loan to the cultural organization that sponsors a music festival anchored by the London Symphony Orchestra.

Commercial Real Estate Loans Tighten Up (AP via Yahoo! Finance)
Commercial real-estate lenders, spooked by the collapse in residential housing, are reining in riskier loans on fears that underwriting standards were too loose.

Indonesia will no longer get soft loan from WB, ADB in 2009 (Antara News)
The National Development Planning Agency (Bappenas) disclosed that Indonesia will likely not get an opportunity to enjoy the allocation of a soft loan from the World Bank and the Asian Development Bank in 2009 as the country`s economy may have much improved by then.

U.S. Department of Energy Invites BlueFire Ethanol Fuels to Participate in Loan Guarantees For Clean Energy Projects (Grainnet.com)
The U.S. Department of Energy has invited BlueFire Ethanol Fuels, Inc. (OTCBB: BFRE) to participate in its loan guarantee program, which will provide federal loan guarantees for clean energy projects and is expected to spur further investment in these advanced energy technologies.

Fitch Affirms Ocwen Loan Servicing's Special Servicer Rating; Withdraws Primary & Master Rtgs (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has affirmed Ocwen Loan Servicing LLC's , commercial mortgage-backed securities special servicer rating at 'CSS2'. The rating is based on Ocwen's experienced and seasoned asset management staff, their continued commitment to technology, and their dedication to employee training.

FICS' Loan Origination System Simplifies HMDA Reporting (Business Wire via Yahoo! Finance)
BOSTON----Financial Industry Computer Systems, Inc. , a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced at MBA's 94th Annual Convention & Expo 2007 that it enhanced its Home Mortgage Disclosure Act reporting features in its residential mortgage loan origination system , ...

Calyx Software Announces Silver Hill Financial as First Commercial Lender Integrated into Network (Business Wire via Yahoo! Finance)
BOSTON----Calyx Software®, the mortgage industry's leading provider of loan marketing, originating and processing software, announced Silver Hill Financial® is the first commercial lender integrated into the Calyx Network.

CIT Posts Third-Quarter Loss on Home Lending Shutdown (Update3) (Bloomberg.com)
Oct. 17 (Bloomberg) -- CIT Group Inc., the largest independent commercial finance company in the U.S., reported a third-quarter loss of $38.8 million, dragged down by costs of closing its subprime home-loan unit.

Growing China Commercial Presence in Africa, and U.S. Absence, Presents New Challenges (PR Newswire via Yahoo! Finance)
China's growing commercial presence in Africa, and low participation by U.S. companies in the region, present critical challenges to U.S. commercial interests, panelists at a meeting of the Sub-Saharan Africa Advisory Committee of the Export-Import Bank of the United States agreed during a public forum at the Bank's headquarters here.