Index
 Earthtimes (press release) | Fannie's new watchdog CNNMoney.com - Investors don't like the easier down-payment standards because they increase the likelihood the company will end up on the hook for mortgages gone bad. ... Fannie Mae Bows to Pressure on Down Payment Standard (Update1) Freddie Mac discloses $151 million 1st-quarter loss US can't continue to take on risk to underwrite bad loans |
Liars will be sniffed out Times Online, UK - Last December the charity surveyed sub-prime lenders and brokers, who lend to borrowers considered as “high risk” because of a bad credit history. ... |
IN BAD COMPANY The Old Titans All Collapsed. Is the US Next? Washington Post, United States - By Kevin Phillips Back in August, during the panic over mortgages, Alan Greenspan offered reassurance to an anxious public. The current turmoil, the former ... |
Have you checked your credit record recently? Times Online, UK - The rising number of rejected applications for mortgages and credit cards has fuelled a 25 per cent increase in the number of consumers checking credit ... |
 BBC News | Low yield and high risk equal bust International Herald Tribune, France - Making the situation worse is the nature of many of the mortgages. Less than 30 percent of the loans were made to borrowers who provided full documentation ... MBIA Swings to a Loss on Derivatives Hit MBIA Posts $2.4 Billion Loss; Shares Rise Anyway |
Barclays silent over cash call The Press Association - The bank revealed a further £1.7 billion of writedowns against credit market exposures and subprime mortgages in the US, but this reduced to £1 billion ... Barclays delays making cash call Barclays Profit Falls After $3.3 Billion Writedown (Update2) Barclays hit for another £1 billion |
Now’s the Time: Investors Look to Solve Housing Mess Housing Wire - Gutierrez buys bad mortgages a dozen at a time for a fraction of their face value from lenders overwhelmed by the highest number of defaults in 23 years. ... |
Scholes, Nobel Laureate, Says Credit Crisis May Not Be Over Bloomberg - ... driving up bank borrowing costs, since a flight from risk in August sparked by defaults on subprime mortgages. ``In my view, this is probably as bad or ... |
Commbank: home loan rates will rise Sydney Morning Herald, Australia - In a third-quarter market update, Mr Norris said the bank's cost of funding for mortgages had risen by about 47 basis points as a result of the credit ... |
 Telegraph.co.uk | Stalking the dragon Sydney Morning Herald, Australia - The story of the acquisition of St George begins on a fateful day last August when some startling news sparked the global credit crisis, writes Danny John. ... St George surrenders: the merger that ABS made Bank free for all? |
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