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Mortgage Loans With Bad Credit Newsmortgage loans with bad creditWASHINGTON -- Before the stock market tanked, before prominent banks collapsed, before home foreclosures and shrinking 401(k) plans became a national obsession, most Americans would have been hard-pressed to name the man responsible for leading the ... Read moreOnce obscure, Hank Paulson now nearly a household name - ScrippsNewsThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ... Read moreThe Next Subprime Crisis Looms - Der SpiegelAs a new bout of fear gripped the financial markets, U.S. stocks fell sharply again on Thursday, continuing a months-long plunge that has wiped out the gains of the last decade. The credit markets seized up as confidence in the nation's financial ... Read moreU.S. stocks drop sharply and credit markets seize up - International Herald TribuneWASHINGTON -- U.S. thrifts lost $4 billion in the third quarter as they set aside $7.9 billion to cover losses from bad mortgages and other loans amid worsening conditions in the U.S housing market, their government regulator said Thursday. Thrift ... Read moreUS thrifts swing to $4B loss in 3Q - Lexington Herald-LeaderCHICAGO -(Dow Jones)- Should commercial real-estate turn out to be next focus of the financial crisis, life insurers will be among the companies feeling the most heat. Life insurers on average have the equivalent of about 41% of their equity invested ... Read moreUPDATE:Life Insurers Take Brunt Of Commercial Mortgage Worry - CNN MoneyThe good news is your home may be worth more than the rock-bottom price that your neighbors' houses fetched. The bad news: No one but you might think so. The one point of widespread agreement in the real-estate industry is that there is no single ... Read moreOnly One Person Knows a Home's Value: Its Buyer - Wall Street JournalIn late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional Funding Group. The ad, offering credit to people having trouble making ends meet, was of great interest ... Read moreLoans reach new depths - Age"There are certainly some markets where we're starting to see more interested buyers," says Bank of America's Barbara Desoer. (Fortune Magazine) -- Talk about being where the action is: Ground zero for today's financial crisis is the business of home ... Read moreSigns of life from the mortgage frontlines - CNN MoneyShould we really be surprised at the latest word on TARP–the acknowledgment by Treasury Secretary Paulson that scooping up these “troubled assets” hasn’t been going so well?: Treasury Secretary Henry Paulson said Wednesday that the government ... Read moreThe Trouble With Troubled Assets - Seekingalpha.comThe Treasury is injecting another $27 billion into AIG and raising the taxpayers’ investment to $150 billion. Secretary Paulson appears more intent on helping his pals on Wall Street than protecting taxpayer interests. AIG has solid businesses in ... Read more |
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