WE ARE IN A BAD FIX
Story date: 2007-10-08 02:41:00
Added on: 2007-10-08 19:00:25
OpEdNews.com - US mortgage lenders, voracious as ever for "more," had extended loans to the default-income group, who, were in turn hit by bad economic management. Credit card issuers followed suit to bloat consumer fantasies, and banks tightened the noose with ...
Read more...
Related Stories:
-
U.S. Stocks Tumble on Carlyle Fund's Default, Retail Sales
Bloomberg - Bear Stearns Cos. , the second-biggest underwriter of U.S. mortgage bonds, extended a drop that has wiped out a third...
2008-03-13 10:09:00 -
Thousands default on student loans; Group blames high interest rates
Owen Sound Sun Times - Some people still didn't qualify for relief even though nearly half their income was going to pay...
2007-09-05 05:58:00 -
Triad Guaranty Applauds Passage of an Extended Mortgage Insurance Tax ...
Forbes - This allows buyers to achieve homeownership sooner, facilitates the sale of mortgage loans in the secondary market and protects lenders...
2007-12-19 12:51:00 -
A Gathering Storm
Time - As houses got more and more expensive, mortgage lenders extended loans that were bigger and bigger in relation to borrowers'...
2008-01-24 09:17:00 -
Noranda Income Fund reports third quarter financial results
CNW Group - ... expenditures, taxation and restrictions on the operation of the Processing Facility; (15) potential negative financial impact from...
2007-11-05 10:09:00 -
RAMS seeks boost through refinancing (AAP via Yahoo!7 Finance)
RAMS Home Loans Group says it has extended $750 million of debt facilities, as it continues to seek ways to refinance its...
2007-12-27 03:56:11 -
Bush touts plan to help homeowners in mortgage crisis
CNN - The FHA does not supply the mortgage loan but it guarantees loans extended by banks and other lenders. FHA officials...
2007-09-01 02:04:00 -
Rams Extends Maturity for A$750 Million of Funding (Update2) (Bloomberg.com)
Dec. 28 (Bloomberg) -- Rams Home Loans Group Ltd., the Australian mortgage company that failed to refinance more than A$6 billion ($5.3...
2007-12-27 05:59:59