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Subprime Loans Article

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subprime loans

The Boomers, typically long-term homeowners with built-up equity, were unlikely to have obtained a sub-prime loan or tapped their hard-earned equity. Some turned their home into an ATM with excessive home equity lines and added mortgage debt.

Boomer Bust - Napa Valley Register

BLOOMSBURG, Pa. -- The chairman of the Republican National Committee has begun an irreversible descent into fear-bound paranoia and functional amnesia following his post-traumatic hysteria over the overwhelming victory of Democrats in the 2008 ...

Brasch Words - American Reporter

Merrill Lynch, the world's largest and most widely recognized brokerage, tried to avoid a similar fate with a $50 billion transaction to become part of Bank of America Corp ... aftermath of the failure of hundreds of savings and loans.

On Native Ground - American Reporter

Shares in Canadian Imperial Bank of Commerce climbed the highest in more than a year after as the country's fifth largest bank appeared to shake off its recent subprime woes with fourth-quarter results ahead of analyst estimates. Boosted by strong ...

Banks impress with 4Q profits - Windsor Star

... Silicon Valley chapter of the California Association of Mortgage Brokers. "Right now, I can't do that. Now you're looking at 4.875 for a no-point loan." For many valley homeowners, refinancing is not an option because their home values have ...

Now's really the time to buy, many say - San Jose Mercury News

Sunday’s Spokesman-Review will have a special feature in the Today Section on Obama and guns. Not Barack Obama and his stance on gun control. Michelle Obama and her “guns”. (Psst. That’s her upper arms for those of you who are wondering ...

Archive for March 2009 - The Spokesman-Review

NEW YORK, Dec 3 — US credit card companies are targeting affluent consumers in a resurgence of marketing campaigns, as they recover from massive defaults by subprime borrowers in the past year. “We have seen almost the entire mailbox skew toward ...

Goodbye, subprime borrowers - The Malaysian Insider

... loans they package into bonds will lead to higher borrowing costs for consumers and will limit access to credit, the Mortgage Bankers Association , the industry’s largest trade group ... Standards Board implements rules that require banks to ...

Asset-Backed Bond Market Must Embrace Stricter Rules, Bair Says - Bloomberg

WASHINGTON (AP) — Homebuyers insured by the Federal Housing Administration would have to provide more cash up front and meet higher credit scores under an Obama administration plan to protect the financially stretched agency. Housing and Urban ...

More cash down proposed for FHA-backed loans - Times and Democrat

A few hours after Federal Reserve Chairman Ben Bernanke began a spirited defense of his much-maligned tenure leading the nation's central bank, a Republican Senator reached across the aisle to join one of the chamber's more liberal members in ...

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