> The Housing Crisis: Good and Bad News
they look to reduce their exposure to bad loans. The long-overdue move may slacken demand ... (They're actually up nearly 800 percent in California.) With little or no equity, many subprime ... up. 3. Lenders getting cold feet: Tightening credit standards may help the market over the ...
Fannie, Freddie May Not Be Market Salve
to shoulder the blame for making a bad situation worse," Posner wrote. Not so fast, ... mortgages, those targeted to people with tarnished credit histories, to help borrowers with high-priced loans ... New England and the mid-Atlantic and in California. Industry officials maintain that an increase in ...
Minority Home Loans Rise at Wachovia, BofA
higher-rate loans generally to borrowers with spotty credit -- has suffered a flood of defaults ... defaults in recent months, causing worries about bad loans for banks and investors and struggles ... from 2005 as the bank gained new California territory by buying Golden West. Loans to ...
There's good news from the real estate market
state that they hear the market is bad and they are unsure if now is ... on ABC news for the real story. Credit crunch is not over and it is ... buying and selling real estate in Northern California for my personal residences and for investment ...
Mortgage Maze May Increase Foreclosures
further. Securitization led to this explosion of bad loans, and now it is harder to ... mortgages, those made to borrowers with weak credit, went into securitizations last year. Fifteen years ... live in a state like Georgia, California, Texas and 18 others where foreclosures ...
Zero-down mortgage? Big lenders saying no
deal. Lenders faced with growing piles of bad loans, even to borrowers once considered good credit risks, have clamped down on the no-money-down ... as illness, divorce or job loss. The California-based lender plans to eliminate home-equity lines for ...
No cash? No home loans for many.
deal. Lenders faced with growing piles of bad loans, even to borrowers once considered good credit risks, have clamped down on the no-money-down ... as illness, divorce or job loss. The California-based lender plans to eliminate home-equity lines for ...
The subprime mortgage mess keeps wreaking havoc
value between July 18 and 19 when credit markets around the world sharply corrected. Axa ... for 22 years, and this is as bad as I've seen it in the fixed-income ... hasn't escaped suspicion. It also operates in California where mortgage defaults are the highest, followed ...
Lenders Curtail No-Money-Down Mortgages
deal. Lenders faced with growing piles of bad loans, even to borrowers once considered good credit risks, have clamped down on the no-money-down ... as illness, divorce or job loss. The California-based lender plans to eliminate home-equity lines for ...