Pain isn't restricted to struggling homeowners (USA Today)
Story date: 2007-11-26 12:07:33
Added on: 2007-11-26 11:32:58
Investors have already seen some of the financial market fallout caused by indebted homeowners defaulting on their mortgages and banks losing billions of dollars from bad bets on securities tied to risky mortgages. Shares of banks, mortgage lenders and retailers have suffered their own private bear-market pain.
Read more...
Related Stories:
-
Aussie homeowners brace for pain (TVNZ)
Australian homeowners are bracing for more pain this week as they wait the Reserve Bank's decision on whether to lift official interest...
2008-02-03 02:36:48 -
More pain ahead for homeowners (The New Zealand Herald)
Home owners, particularly those with mortgages, can look forward to more pain. Reserve Bank governor Alan Bollard surprised no one today when...
2008-03-06 04:45:29 -
US mortgage plan only delays pain
DAWN Group - NEW YORK, Dec 1: Equity investors cheered news that the US Treasury Department is working on a plan with...
2007-12-01 06:28:00 -
Mortgages | Prime borrowers may soon feel pain (The Charlotte Observer)
Homeowners with good credit -- those with prime mortgages -- haven't necessarily escaped the mortgage nightmare that has been playing out among...
2007-12-30 05:43:52 -
Fuel prices hit homeowners, with record Brisbane defaults - News.com.au
MORE Queenslanders than ever before are defaulting on their mortgages and losing their homes to the banks, caused by high interest rates...
2008-07-21 07:49:00 -
Bruised banks pass their pain to consumers
AZCentral.com - Banks are being pummeled by bad loans and the weakening economy. Now they are passing on some of the pain...
2008-01-28 09:19:00 -
Housing official says more subprime problems are coming (Austin American-Statesman)
WASHINGTON — The home mortgage market is in need of stronger rules to protect homeowners, the chairman of the Federal Deposit Insurance...
2008-02-23 04:45:35 -
Fed offers modest rate cut, Wall Street upset
International Business Times - As roughly 1.8 million adjustable rate mortgages line up for reset at sharply higher interest rates in 2008,...
2007-12-11 03:53:00