Mortgage and Financial News From 2008-1-28 Page 01

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  • Homeless economics

    The Washington Times - The first is the subprime mortgage crisis, a product of greed and stupidity. People bought houses they couldn't afford. Lending institutions made loans to bad credit risks. Now lenders are stuck with billions of dollars of mortgages borrowers can't ...
    2008-01-28 09:30:00
  • Sallie Mae Moves On

    BusinessWeek - Sallie Mae ( SLM ) has finally cleared away some of the wreckage from its bad ... The credit crisis had made it difficult for the lender to get financing. Its ... While American homeowners have had trouble making mortgage payments, student loan ...
    2008-01-28 03:53:00
  • Marilyn McKnight and Stephen Erickson: The problem? Foreclosures. The ...

    Minneapolis Star Tribune - There is a private-sector solution to rising mortgage delinquencies that already has ... Banks were giving away money like it was water and were relaxing credit discipline ... In a bad market, the bank could be eating $40,000 to $100,000 on the deal. The ...
    2008-01-28 03:39:00
  • Society blows

    UV Cavalier Daily - Your momma is so poor that she was forced to take out a subprime mortgage because of her bad credit history." Kids can be so cruel -- not to mention surprisingly well-informed. In this modern age of drinkable yogurt, Velcro and lethal injections ...
    2008-01-28 10:05:00
  • Wall Street advances ahead of Fed decision

    MSNBC - The report exacerbated the market's concerns about fallout from the housing and mortgage crisis but raised hopes that the Fed ... Giants' Burress has big mouth AT&T's proposed filtering plan is bad news |     Discuss Couple protests airplane noise with ...
    2008-01-28 10:52:00
  • The Bonuses Keep Coming

    Washington Post - But heading into a tough year, when a credit crunch and possible recession are expected to dampen ... At Morgan Stanley, those deemed responsible for the outsize mortgage losses, which the company blamed on bad bets by a single trading team, saw ...
    2008-01-28 10:48:00
  • Sour credit card loans hurt Amex

    BBC Business - ... Express has posted a 10% drop in profits for the three months to December after it set aside extra capital to cover bad credit ... This reflected huge defaults by American Express customers suffering from higher mortgage repayments and higher energy and ...
    2008-01-28 04:58:00
  • National Credit Expert John Ulzheimer to Appear On CNBC's ``The ...

    Forbes - Bad credit can seep into every part of financial health...significantly raising mortgage, loan and car payments, among other things. Having the right information is the best offense, especially considering our current credit environment where ...
    2008-01-28 02:13:00
  • Sour credit card loans hurt Amex - BBC News

    Sour credit card loans hurt Amex BBC News, UK - 6 hours ago American Express has posted a 10% drop in profits for the three months to December after it set aside extra capital to cover bad credit card loans. ...
    2008-01-28 05:11:42
  • Recovery From Foreclosure Takes Time - News10.net

    Recovery From Foreclosure Takes Time News10.net, CA - 5 hours ago "The new landlord will charge a premium, or deposit, or extra month rent, because they're a bad credit risk", said Pannabecker. A bad credit rating is ...
    2008-01-28 05:51:29
  • IFRS 'has not led to turmoil in markets' - Business Report

    IFRS 'has not led to turmoil in markets' Business Report, South Africa - 3 hours ago The crisis had been a result of borrowers (with poor credit history) defaulting. This translated into bad loans, and any investments backed by these loans ...
    2008-01-28 08:16:11
  • CRaSH COURSE - Irish Independent

    CRaSH COURSE Irish Independent, Ireland - 2 hours ago A global slowdown will mean job losses, further share price falls, real incomes will decline and credit will tighten further. ...
    2008-01-28 09:02:02
  • The Bonuses Keep Coming - Washington Post

    The Bonuses Keep Coming Washington Post, United States - 1 hour ago Some employees involved with mortgage -related securities have taken cuts. But heading into a tough year, when a credit crunch and possible recession are ...
    2008-01-28 09:53:30
  • New-home sales tank in '07 - St. Petersburg Times

    New-home sales tank in '07 St. Petersburg Times, FL - 1 hour ago Also adding to the problems facing prospective sellers is the rising tide of mortgage defaults. Foreclosures are dumping more homes on an already glutted ...
    2008-01-28 10:07:25
  • More pulling homes off market to rent - Frederick News Post (subscription)

    More pulling homes off market to rent Frederick News Post (subscription), MD - 13 minutes ago Credit scores are paramount, McLister said. A lower credit score pushes the mortgage rate up significantly. "The rental market will be awfully good in the ...
    2008-01-28 11:10:07