How Credit Got So EasyAnd Why It's Tightening
then-Chairman Alan Greenspan anticipated that making short-term credit so cheap would have unintended consequences. "I ... insurance or the Fed. It filed for bankruptcy protection in April, wiping out shareholders and ... "We were coming out of a pretty bad credit cycle," says Daniel Toscano, managing director ...
American Home Mortgage files for bankruptcy protection
American Home Mortgage files for bankruptcy protection by this reporter | Posted: Tuesday, ... applications for new loans and lines of credit in its wholesale home equity unit. "We ... was pushing loans even at buyers with bad credit histories. American Home Mortgage filed for ...
Britain facing 6 per cent interest rates
food costs, made worse by the exceptionally bad weather causing flood damage to crops, has ... number of people facing repossession and personal bankruptcy." However, the Bank said people coming to ... by global equity market turmoil and widening credit spreads, although for now at least the ...
Clinton Proposes Lender Rules, Prepayment Penalty Ban
reached a record in the first quarter as defaults spread from ``subprime' borrowers with bad credit to people with reliable records. Clinton, a . filed for bankruptcy, becoming the second-biggest residential lender in the U.S. to do so this year. Clinton, ...
Clinton urges tougher rules for lenders
2007 20:18 Concern about turmoil in the credit market erupted on to the presidential campaign ... 10th largest US mortgage lender, filed for bankruptcy protection and two other lenders said they ... OConnor said. A lot of loans going bad are held by speculators you can ...
US interest rates left unchanged
have been mounting amid a rise in bad debts, particularly in the housing sector. Elsewhere, ... which lend money to people with poor credit histories - have issued profit warnings. Others, ... Mortgage, are teetering on the brink of bankruptcy. Elsewhere the Fed is still facing a ...
National mortgage problems hit Houston market
American Home Mortgage Investment Corp. filed for bankruptcy protection. Falling home prices nationwide and a ... begun affecting home sales, as buyers with bad credit or little money for a down payment ...
American Home Mortgage Files Chapter 11
American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of ... billion in liabilities, including $4.01 billion in credit lines and $6.7 billion in debt backed ... "developed a crack" when Countrywide Financial said bad credit siphoned $710 million from its second-quarter ...
'It could've been me just as easily'
Saleem Bey said Monday. "I do feel bad about that, but he asked for that ... police, the Internal Revenue and the U.S. Bankruptcy Court. "This thing should've been stopped well ... with having used phony identification and phony credit to obtain a $55,000 luxury car from ...
American Home files for protection
American Home Mortgage Investment Corp. filed for bankruptcy protection Monday and two other mortgage lenders ... applications for new loans and lines of credit in its wholesale home equity unit. "We ... was pushing loans even at buyers with bad <hr histories. American Home Mortgage filed for ...