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 ...
Mr. Market: Manic or Moron?
for weeks now, as worries about a credit crunch have finally caused investors and businesses ... be trusted to make good on their mortgage payments, who else is going to welsh ... another dose of free money would be bad medicine, and it would only prolong and ...
Some lenders restricting people's access to home loans
not issue any more loans, and Impac Mortgage Holdings Inc. shut down a type of ... for people with limited documentation or slight credit issues. That followed bankruptcies for two of ... any buyers for CDOs. It is pretty bad, said Joyce DeLucca, founder and managing principal ...
Survey ranks M&T Mortgage in second place
A national customer satisfaction survey ranked M&T Mortgage second in the country for loan servicing, ... subprime industry loans to borrowers with bad credit but lenders are now reporting significant ...
Mortgage market grows even tighter
offer of financing program for people with credit issues <span YORK -- The dream of ... not issue any more loans, and Impac Mortgage Holdings Inc. shut down a type of ... any buyers for CDOs. "It is pretty bad," said Joyce DeLucca, founder and managing principal ...
Owning homes in two states hurts $500K tax break
a homeowner of a "short sale"? Our mortgage lender has already recorded a notice of ... avoid having a foreclosure sale on your credit reports. However, your credit is already probably pretty bad if the lender recorded a notice of ...
Mortgage industry falloff restricts subprime loans
not issue any more loans, and Impac Mortgage Holdings Inc. shut down a type of ... for people with limited documentation or slight credit issues. That followed bankruptcies for two of ... any buyers for CDOs. It is pretty bad, said Joyce DeLucca, founder and managing principal ...
American Home files for protection
Tenth largest mortgage lender lays off most of its workforce; ... 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 ...
LOCKED OUT OF THE MARKET: Mortgage industry failures are leaving many Americans with little hope for a home
LOCKED OUT OF THE MARKET: Mortgage industry failures are leaving many Americans with ... for people with limited documentation or slight credit issues. That followed bankruptcies for two of ... any buyers for CDOs. "It is pretty bad," said Joyce DeLucca, founder and managing principal ...
Fed holds nerve in mortgage turmoil
that the crisis in the US "sub-prime" mortgage market - lending to those with patchy credit records - could encourage the Fed to ... were leant to poor, high-risk individuals with bad credit records. House prices have been falling ...