Housing slump takes toll on some banks
Story date: 2007-10-12 02:41:00
Added on: 2007-10-12 22:39:33
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 ...
Read more...
Related Stories:
-
IndyMac Resumes Issuing Jumbo Loans
MSN MoneyCentral - The nation's second-biggest mortgage lender had stopped issuing prime "jumbo" loans, which are mortgages for people with good credit...
2007-08-22 04:46:00 -
Paramus S&L gaining business amid strife
Philadelphia Inquirer - Big mortgage lender IndyMac Bancorp Inc. had stopped issuing jumbo loans altogether, but said Wednesday that it would resume,...
2007-08-25 06:56:00 -
Russian Standard Bank stops cash loans (FT.com via Yahoo! News)
Russia's leading consumer lender Russian Standard Bank has stopped issuing cash loans to customers, as refinancing costs soar due to the...
2007-09-21 12:00:33 -
Some banks poised to gain mortgage business amid housing troubles
Philadelphia Inquirer - ... J. with $50 billion in assets, is handling a 25 percent increase in mortgage applications this year,...
2007-08-23 06:47:00 -
Credit crunch causes student loan changes (Daily Pennsylvanian)
The credit crunch hit a little closer to home for many Penn students this past month, as they opened letters from Student...
2008-06-12 06:10:38 -
On Native Ground
American Reporter - Mortgage lenders stopped caring if borrowers were qualified. Bankers stopped caring if borrowers couldn't repay loans. And all these...
2007-10-14 10:05:00 -
Credit crisis spelled out in 8 easy steps
Edmonton Journal - When home prices stopped rising, then started falling, subprime borrowers couldn't refinance homes they couldn't afford to begin with....
2007-12-26 12:40:00 -
Accredited Home Lenders set to cut staff
International Herald Tribune - In recent weeks, several mortgage companies that specialized in risky home loans have stopped making loans, shut down...
2007-08-22 07:09:00