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 ... once seen as isolated to a few subprime-mortgage lenders are beginning to propagate across markets ... "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 ... 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 ...
IKB lands large catch of subprime problems
the once-lucrative, but now crisis-hit, US subprime mortgage market. IKBs troubles went from bad to worse this week after it was ... sheet vehicles that specialise in buying structured credit instruments, such as collateralised debt obligations backed ...
Markets: US, Europe stocks surge
likely to keep growing despite turmoil in credit markets. Shares of home builders, hurt by ... hit on Monday. "There are no really bad surprises from quarterly reports and we see ... problems are so far only in the mortgage and credit markets ... there is potential ...
County weathers housing, lending slump
report. Gone is the no-money-down, low-interest-rate, adjustable mortgage that fueled the national housing boom, national ... counting on low interest rates and easy credit also could be left out in the ... market." The good news for buyers, but bad for sellers, is that home prices have ...
US, Europe stocks surge
likely to keep growing despite turmoil in credit markets. Shares of home builders, hurt by ... hit on Monday. "There are no really bad surprises from quarterly reports and we see ... problems are so far only in the mortgage and credit markets ... there is potential ...
+ Wall St rises on Fed view in wild day, Cisco up late
saw moderate economic growth ahead even though credit conditions have tightened for some consumers and ... market by reassuring investors that problems in mortgage lending and corporate finance would not drag ... earnings shouldn't suffer, housing is not so bad that it is going to derail the ...
Don't saddle taxpayers with mortgage failures
Line up the suckers. The mortgage meltdown has produced many victims. The most ... prices only go up. That and EZ credit encouraged otherwise prudent Americans to borrow more ... if they’re poor. Burdening the public with bad loans is unwise policy. The taxpayers should ...
+ Wall St gets mild lift from Fed view, Cisco up late
saw moderate economic growth ahead even though credit conditions have tightened for some consumers and ... market by reassuring investors that problems in mortgage lending and corporate finance would not drag ... earnings shouldn't suffer, housing is not so bad that it is going to derail the ...
Market Stress: It's All About Perspective
position. Various pundits predict that factors like credit problems or mortgage refinancings will derail the economy. It is ... the CFO said that it was a bad environment. It seemed to us that he ...