US mortgage woes: Are you affected?
Story date: 2007-09-17 05:33:00
Added on: 2007-09-17 09:00:24
BBC News - Sub-prime lending - loans and mortgages for people with poor credit histories - has been big business in the US and UK in recent years. But now defaults are rising, and the over-supply of unsold homes is threatening the undermine the entire US ...
Read more...
Related Stories:
-
Countrywide offers borrowers $16bn bail-out
Times Online - The mortgage lender has sold a swathe of mortgages to people on low incomes with poor credit histories, known...
2007-10-23 11:17:00 -
Credit crunch claims UK jobs
MSN UK News - US bank Morgan Stanley said it was shutting its Cheshire-based Advantage Home Loans business due to the "continued...
2008-02-13 12:21:00 -
Crisis may push up mortgages, says loans chief
Financial Times - Subprime lenders such as Northern Rock, Edeus, Mortgage PLC and Kensington have been lifting their mortgage rates in the...
2007-09-01 01:54:00 -
The credit card crunch - Guardian Unlimited
About three years ago, HSBC confessed that its US loans business had to write off £1.5bn for debts that were unlikely to...
2008-09-26 04:10:00 -
Stock markets fall again as fears of a credit squeeze persist
Guardian Unlimited - The investor panic has gained momentum since problems first appeared in the segment of the US mortgage market aimed...
2007-08-15 12:55:00 -
Credit woes hit bank lending rate
BBC News - Sub-prime mortgages are offered to people with poor credit histories, but default rates on these loans have been rising...
2007-09-04 08:26:00 -
Timeline: Global credit crunch - BBC Business
Most analysts link the current credit crisis to the sub-prime mortgage business, in which US banks give high-risk loans to people with...
2008-11-24 09:04:00 -
Credit crunch 'may hit UK growth'
BBC News - The credit crunch has followed woes in the US sub-prime mortgage sector, which specialises in loans to people with...
2007-09-13 04:44:00