Mortgage and Financial News From 2007-10-12 Page 01

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  • Allianz, Axa Profits Precluded Subprime Temptation (Update2)

    Bloomberg - ... from underwriting helped them resist the temptations of U.S. subprime mortgage ... July and August after rising defaults on U.S. home loans to buyers with poor credit ... Unprofitable underwriting, equity writedowns and rising bad-loan provisions at ...
    2007-10-12 09:14:00
  • Personal loan rates rise in the UK

    Gulf News - Personal loan rates have increased by up to four per cent as the credit crunch and rising bad debts take their toll. At least nine ... that has sent the cost of money shooting up without the Bank of England lifting a finger has already seen mortgage ...
    2007-10-12 08:06:00
  • Bear Stearns' Bad Bet

    BusinessWeek - Bear Stearns' Bad Bet Two Bear Stearns hedge funds soared by specializing in ... of Bear Stearns and played up the fact that they were run by its experts in mortgage ... quick collapse of the inelegantly named Bear Stearns High-Grade Structured Credit ...
    2007-10-11 03:06:00
  • Credit glitches? Don’t worry.

    Best Syndication - In extreme cases of bad credit score, these lenders ask for your home as a security before providing any loan. The author is a business writer specializing in finance and credit products and has written authoritative articles on the loan industry like ...
    2007-10-10 05:59:00
  • Don't overreact to credit turmoil, bank group says

    Reuters - ... problems that began with rising defaults in the U.S. subprime mortgage market quickly spread into other forms of debt around the globe. Uncertainty over which banks were exposed to bad loans prompted lenders to pull back, exacerbating the credit crunch
    2007-10-10 05:59:00
  • Credit crisis brings changes to US banks

    Taipei Times - ... last week that its third-quarter earnings fell 60 percent on repercussions from the subprime mortgage ... bank lost more than US$3 billion on drops in the value of mortgages and leveraged buyout loans, credit-trading losses and costs to write off bad ...
    2007-10-12 06:40:00
  • A subsidy so workers can start 'winning'

    Seattle Post Intelligencer - Purchase a 2008 Mazda Tribute 2WD Hybrid and you will earn a tax credit of $3,000 ... there's that great American given: the tax deduction for interest paid on a mortgage. ... not to buy health insurance for their children, well, then, that's too bad. Some ...
    2007-10-12 04:38:00
  • Jeremy Warner's Outlook: Share prices ride out the credit storm

    The Independent - Is Mervyn King's much-criticised refusal to bail out credit markets going to be ... This is already apparent in both corporate and mortgage lending. The key point ... Richard can come up with the goodies, what's proposed is actually not such a bad ...
    2007-10-12 05:57:00
  • Credit crisis brings changes to US banks (Taipei Times)

    Citigroup Inc is carrying out a management shake-up, and JPMorgan Chase & Co announced job cuts at its investment banking division as the US banks seek to weather three months of turmoil on global credit markets.
    2007-10-12 07:01:05
  • Jeremy Warner's Outlook: Share prices ride out the credit storm (Independent)

    Is Mervyn King's much-criticised refusal to bail out credit markets going to be vindicated after all? With share prices in London again trading at close to their recent highs and in many parts of the world at an all-time record, it seems reasonable to re-ask Jim Callaghan's immortal question: crisis, what crisis?
    2007-10-12 06:30:18
  • A week to bury bad news (Money Marketing Online)

    Two months on since the credit crunch first hit the UK’s shores and job redundancies in the UK mortgage market are starting to make the headlines. ...
    2007-10-12 07:18:29
  • Click here to continue to the story.

    Free Internet Press - The American Dream In Reverse 2007-10-08 02:32:58 (3 days ago) Posted By: Intellpuke (Read 97 times || 0 comments) ... an egregious flaw in the current bankruptcy law that prohibits the courts from modifying repayment terms of most mortgages ...
    2007-10-07 05:56:00
  • Asian stocks close lower on Wall Street and correction fears

    Stockhouse Canada - ... far too fast over recent weeks, as concerns over a possible credit squeeze in the US due to problems in sub-prime mortgages ... The news today is moderately bullish and has helped reverse the temporary selling pressures from yesterday,' said Dick Green ...
    2007-10-11 05:58:00
  • Housing slump takes toll on some banks

    Gazette - First Mariner has stopped issuing ‘‘Alt-A” mortgages — loans falling between prime and high-risk subprime quality ... Despite the challenges arising from wholesale mortgage lending, we are seeing strong performance in our reverse mortgage ...
    2007-10-12 02:41:00
  • Chancellor to increase savers' protection

    Times Online - Previously, the Bank has accepted only books of mortgages as security against its lending to Northern Rock. "The Treasury ... Thousand Pounds precisely because only Thirty One Thousand Pounds has been guaranteed! No doubt they would find the reverse ...
    2007-10-10 05:59:00