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Alabama City Sues Over Predatory Lending Practices - Boston Globe
birmingham, ala.— the city of birmingham has filed suit accusing several large financial companies of predatory lending practices. the lawsuit filed wednesday in state court claims corporate wrongdoing in subprime mortgages led to an increased ...
www.boston.com

Subprime Delinquencies Spike As Jobless Climbs
delinquencies on u.s. subprime mortgage securities, auto loans and credit cards are soaring as job losses engulf borrowers who had navigated the credit crunch, threatening to worsen the global credit crisis.
news.yahoo.com

Mortgage Bonds Tumble For Second Day After U.s. Scraps Buying
nov. 13 (bloomberg) -- mortgage bonds tumbled for a second day after treasury secretary henry paulson scrapped plans to buy devalued mortgage assets, credit-default-swap indexes suggest.
www.bloomberg.com

Subprime Delinquencies Spike As Jobless Climbs - Reuters
new york (reuters) - delinquencies on u.s. subprime mortgage securities, auto loans and credit cards are soaring as job losses engulf borrowers who had navigated the credit crunch, threatening to worsen the global credit crisis. subprime mortgage ...
www.reuters.com

Mortgage Bonds Tumble For Second Day After U.s. Scraps Buying - Bloomberg
nov. 13 (bloomberg) -- mortgage bonds tumbled for a second day after treasury secretary henry paulson scrapped plans to buy devalued mortgage assets, credit-default-swap indexes suggest. all 24 abx indexes tied to subprime mortgage securities fell to ...
www.bloomberg.com

Conn. Mortgage Program Helps Fewer Than Expected
connecticut officials say a program created last year to refinance subprime mortgages for financially troubled homeowners is not helping as many people as expected.
www.boston.com

U.s. To Simplify Mortgage Disclosure Rules
prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules by the federal government.
www.usatoday.com

More Americans Struggle With Loans, Credit Cards - Cnbc
here are some of the more notorious prostitution scandals that have made their way into the headlines over the years. delinquencies on u.s. subprime mortgage securities, auto loans and credit cards are soaring as job losses engulf borrowers who had ...
www.cnbc.com

Detroit Auto Mess Turns Toxic - Detroit News
short of the subprime mortgage racket, perhaps nothing is more toxic right now than the detroit car business. the begging for taxpayer cash in washington, led by general motors corp., is in overdrive. the equity values of gm and ford motor co. are ...
www.detnews.com

Mortgage Bonds Fall To New Lows As Paulson Scraps U.s. Buying
nov. 12 (bloomberg) -- residential and commercial-mortgage backed bonds tumbled after treasury secretary henry paulson said the government no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.
www.bloomberg.com

Gov't Unveils Mortgage Disclosure Rules
prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules issued wednesday by the federal government.
news.yahoo.com

Bank Lending Rate Up As Us Ditches Asset Plan - Financial Times
the key benchmark lending rate between banks rose on thursday, ending a 23-day decline as traders reacted to the us government’s decision to abandon its plan to buy toxic assets. the london interbank offered rate (libor) has been a key barometer of ...
www.ft.com

France's Natixis Posts Steep 3q Loss As Crisis Hits Investment Banking ... - Chicago Tribune
paris (ap) _ french bank natixis said thursday it swung to a loss in the third quarter after setting aside money for its exposure to the bankruptcy of lehman brothers and icelandic banks, and warned that "chaotic" market conditions would lead to ...
www.chicagotribune.com

Mortgage Bonds Fall To New Lows As Paulson Scraps U.s. Buying
nov. 12 (bloomberg) -- u.s. home-loan bonds without federal backing fell to new lows after treasury secretary henry paulson said the government no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.
www.bloomberg.com

Mortgage Bonds Fall To New Lows As Paulson Scraps U.s. Buying
nov. 12 (bloomberg) -- u.s. home-loan bonds without government backing fell to new lows after treasury secretary henry paulson said the nation no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.
www.bloomberg.com

The Stockpickers: Fund Manager Favors Small Banks That Avoided ... - Cnn Money
san francisco (dow jones) -- despite the uncertain future of the financial services industry, kenneth mertz of emerald advisers has faith in small banks focused on "sound banking principles" that managed to steer clear of the subprime mess. mertz is ...
money.cnn.com

Into The Storm - Financial Times
after the sudden end to a credit boom coincided with last year’s surge in commodity prices, the outlook for the world’s richest countries has not been worse in generations. oil may again be cheaper but banks are in trauma. g20 leaders gathering ...
www.ft.com

Government Launches New Mortgage Aid Effort
washington — the government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by mortgage giants fannie mae and freddie mac. but critics say it doesn't go far enough.
www.statesman.com

The Challenges Facing The Mortgage Intermediary Sector
i am delighted to be here today. this is my first speech to mortgage intermediaries since the role of fsa mortgage sector leader was added to my responsibilities earlier this year.
www.fsa.gov.uk

Why Not A "bailout" That Restructures Health Care To Benefit All? - Huffingtonpost.com
failed u.s. health care must be regarded a major contributor to our systemic economic crisis. indeed, the excesses of wall st. and the subprime mortgage catastrophe mirror u.s. health care policy -- both are typified by privatized profit (for ...
www.huffingtonpost.com