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Bad Credit Second Mortgage Loans Newsbad credit second mortgage loansNov. 22 (Bloomberg) -- Seizure and sale of Downey Financial Corp. and two smaller lenders may cost the FDIC more than $2 billion as foreclosures rise and home prices extend declines in the worst housing slump since the Great Depression. U.S. Bancorp ... Read moreDowney Seized, Sold to U.S. Bancorp as Mortgage Fallout Spreads - BloombergSpeaker of the House Nancy Pelosi signs the financial rescue package on Capitol Hill after members of the House of Representatives voted to pass the bill Photo: AP The vote by the House of Representatives came days after an earlier version of the ... Read moreCongress passes bail-out at second attempt - Daily TelegraphA new survey from First American CoreLogic, a real estate data company, has concluded that nearly a quarter of all homes with mortgages are worth less than what is owed on the loans. According to the data, which were first reported in the New York ... Read moreCommentary: Fewer and fewer options as housing crisis deepens - Madera TribuneNov. 15 (Bloomberg) -- Chinese banks face rising bad loans and narrowing profit margins as the central bank cuts interest rates to boost expansion in the world's fourth-largest economy, the banking regulator said. Lenders may suffer further losses on ... Read moreChinese Banks Face Rising Bad Loans, Narrower Margins (Update1) - BloombergChinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned. China Banking Regulatory Commission Vice ... Read moreChinese banks warned of bad loans, shrinking profits - China Economic NetAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ... Read moreSlowly, mortgage help comes - Buffalo NewsThe credit crunch is closing in on credit cards. Banks that got burned on bad mortgages now are bracing for billions more in bad debt on credit cards. So, they're trying to cut their losses by cutting off customers. Big-name credit card issuers ... Read moreCredit (card) crunch: Banks tighten terms for average consumers - Lansing State JournalTOKYO: Asian stocks plunged Thursday, dragged down by heavy losses on Wall Street after the US government tore up a plan to buy toxic mortgage assets and fears mounted of a deep recession in Europe. European markets were set for another rocky ride as ... Read moreGlobal stocks tumble as bad news stacks up - Times of OmanNEW YORK - Wall Street stocks trimmed earlier losses Monday, trading mostly flat as investors wrestled with more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones ... Read moreStocks waver after layoffs in financial sector - MSNBCTOKYO -- As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how he ... Read more |
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