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Subprime Mortgage News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Subprime Mortgage News

  • Financial plan sent to Congress 3 Jul 2009 03:34 GMT
    ... crisis, which is rooted largely in shoddy mortgage-lending practices that exploded in the first half ... any such requirement was key to the subprime mortgage crisis. Many homeowners were pushed into exploitive ...

  • The Financial Crisis and a Fragile Global Economy 3 Jul 2009 03:33 GMT
    ... the United States (U.S) housing bubble, which peaked in 2005-2006. High default rates on subprime and adjustable rate mortgages (ARM) began to increase quickly thereafter. An increase in loan incentives such as easy ...

  • Prudent Lending Restored: Securitization After the Mortgage Meltdown 3 Jul 2009 03:32 GMT
    ... diversify risk and enable Wall Street to finance Main Street, securitization helped create the subprime mortgage meltdown of 2006. In this implosion, debt was absorbed by a concentrated group of ...

  • California rolls out the IOUs 3 Jul 2009 01:52 GMT
    ... the second time since the Great Depression. California was the epicentre of the U.S. subprime mortgage industry, and the resultant collapse of the housing market, where prices are down more ...

  • The crises nexus 3 Jul 2009 01:52 GMT
    ... Policymakers, academics,  and journalists usually discuss the global ... increased, many homeowners failed to pay their mortgages. The sub-prime sector in the United States was hit, ...

  • Baltimore's suit against Wells Fargo can proceed 3 Jul 2009 01:41 GMT
    ... N.A.A.C.P. and other minority philanthropy organizations to provide monies to assist these people with subprime mortgages. The Federal courts should handle this lawsuit in an expeditious manner..right in the trash ...

  • Student shows: University of Canterbury 2 Jul 2009 23:10 GMT
    ... Canterbury students’ innovative and far-reaching approach to regeneration ... An apt project in a time of sub-prime mortgages, Richard Brown’s housing using recycled components has ...

  • UPDATE 2-Wells Fargo loses bid to end Baltimore mortgage suit 2 Jul 2009 23:00 GMT
    ... closely watched lawsuit accusing the largest U.S. mortgage lender of steering black borrowers in Baltimore ... steering black borrowers in Baltimore to high-cost subprime mortgages. Judge Benson Legg of the U.S. District ...

  • Fighting against ethnic disparities in subprime lending 2 Jul 2009 22:51 GMT
    ... has been the deregulation and growth of subprime lending. The result has been that prospective homebuyers ... prospective homebuyers who wouldn’t normally qualify for mortgage loans have found an opportunity to make ...

  • How AIG FP Brought Down the World 2 Jul 2009 22:01 GMT
    ... problems were clearly broader. There was the mortgage-insurance unit in North Carolina, United Guaranty, that ... blown nearly $50 billion in trades in subprime mortgages — that is, they had lost more ...

  • UPDATE 1-Wells Fargo loses bid to end Baltimore mortgage suit 2 Jul 2009 21:40 GMT
    ... closely watched lawsuit accusing the largest U.S. mortgage lender of steering black borrowers in Baltimore ... steering black borrowers in Baltimore to high-cost subprime mortgages. Judge Benson Legg of the U.S. District ...

  • Fitch, S&P Downgrade Subprime, Jumbo RMBS Transactions 2 Jul 2009 20:33 GMT
    ... Standard & Poor’s have downgraded more residential mortgage backed securities transactions. on 712 Pre-2005 vintage ... securities transactions. on 712 Pre-2005 vintage U.S. subprime RMBS transactions in the course of its ongoing ...

  • The Looming McMansion Attack 2 Jul 2009 20:13 GMT
    ... extremely tight, foreclosures and delinquencies are high, mortgage modifications have been a relative bust, wages ... prime markets have not suffered like the subprime markets. So far, these homeowners who invested more ...

  • Hope Now Sees Slower Climb in Repayment Plans 2 Jul 2009 19:04 GMT
    ... NOW , the private sector alliance of mortgage servicers, non-profit counselors and investors touted 249,000 ... The industry initiated 32.1% more modifications among subprime borrowers than in April, while modifications among prime ...

  • Talton | The scary shedding of U.S. jobs continues 2 Jul 2009 18:32 GMT
    ... returning to Wall Street. The Back Story: Mortgage troubles haven't gone away -- they've merely ... away -- they've merely spread out beyond subprime. That's one lesson from a by the ...


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