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Alternative Mortgage Loans Bad Credit Newsalternative mortgage loans bad creditFederal regulators seized three banks last night, including Downey Savings and Loan Association, a large California mortgage lender, expanding what is by far the most expensive crop of bank failures in modern American history and indicating that the ... Read moreFDIC Seizes Three - Washington PostOne business that's booming these days is payday lending. As the economy worsens, more people are turning to payday loans to get cash advanced from their paychecks for groceries, gas, and even mortgage payments. They pay fees at astronomical rates of ... Read morePredatory Lending Gets a Boost from the NYT - Huffingtonpost.com- ACQUIRES INTEREST IN CORRUGATED PACKAGING COMPANY IN CHINA - HONG KONG, Nov. 15 /CNW/ - PACRIM INTERNATIONAL CAPITAL INC. (PCN: TSX) ("Pacrim") today announced completion of its previously announced intended retirement of various loans that had ... Read morePacrim International Capital Inc. Announces Retirement of Loans - CNW GroupRobert Maltbie, money manager and chief executive of Stockjock.com, selects a pair of stocks--one to short and one to buy. Below, we exploit the grim effects that a recession can have on our basic consumption as we cancel our investment newsletters ... Read moreOwn A Pawnshop, Not Morningstar - ForbesIn recent months, conservative economists and editorialists have tried to pin the blame for the unholy international financial mess on subprime lending and subprime borrowers. If bureaucrats and social activists hadn't pressured firms to lend to the ... Read moreA Risk Worth Taking - NewsweekThe Real Estate Investment World forum held in Tokyo last week was full of gloom and doom. Delegates who had bought the $3,500 tickets, obviously long before the credit crunch really hit, chatted together like survivors of a particularly nasty storm ... Read moreIs Japan real estate poised for a gold rush? - Finance AsiaBasel II requires banks to use complex mathematical models to set capital levels, by using historical data to project future losses. The problem is that this system allows banks to keep levels low in good times and then forces them to raise capital ... Read moreHOW TO FIX IT - Globe and MailThe credit crisis has reached a culminating point. Financial Armageddon has been averted, but the industry is not yet off the hook. Although the reduction of risky assets has gathered momentum since the fall of Lehman Brothers, hammering stocks hard ... Read moreDeleveraging Must Continue - Wall Street JournalOctober is now behind us, and we are heading into the holiday season. Yes, winter will soon be upon us. However, the automotive industry faces not only the cold weather, but also an equally chilling economic outlook. The sub-prime mortgage meltdown ... Read moreThe Winter Is Coming - The Epoch TimesBefore the current economic crisis became apparent to all, the most popular fable used to describe America’s uncanny economic resiliency was the story of Goldilocks. It was argued that our economy was skipping down a sunny path of moderate growth ... Read more |
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