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Wolseley warns US slump could worsen
Wolseley, the building materials group, gave warning today that the dramatic slowdown in the US housing market could get worse as it revealed that profits in its North American business had tumbled 17... ...
rudkla - 18. Jul, 11:21

U.S. Subprime Defaults to Rise, Credit Suisse Says
Delinquencies and defaults on U.S. subprime mortgages will keep rising as borrowers who received their loans amid weak underwriting standards miss payments, said Robert Parker, vice chairman of Credit... ...
rudkla - 6. Jul, 06:19

Lenders Misusing Student Database
Lenders Sought Edge Against U.S. in Student Loans http://www.commondre ams.org/archive/2007/04/15 /544/ ------- Lenders Misusing Student Database Some lending companies with access to a national database... ...
rudkla - 17. Apr, 22:54

Defaults Rise in Next Level of Mortgages
Some of the problems afflicting mortgages sold to borrowers with weak, or subprime, credit increasingly appear to be cropping up in loans made to homeowners who were thought to be less risky. http://snipurl.com /1g4lc From... ...
rudkla - 12. Apr, 18:09

The Mortgage Mess
In February 2007, some 131,000 foreclosure filings were recorded by RealtyTrac, a Web site that compiles default notices, auction sales and bank repossessions. "Based on our numbers for the first two months... ...
rudkla - 11. Apr, 00:22

Unemployment Soars in Loan Industry
The tumult in the sub-prime mortgage sector has hit some of the industry's employees as hard as its borrowers. Nationwide, job losses in the category that includes mortgage lending, real estate and construction... ...
rudkla - 7. Apr, 11:29

Prepare for a storm
Cato Institute by Steve H. Hanke 04/02/07 In late February Alan Greenspan warned of the possibility of a recession. The next day the markets took a dive. Since then anxiety has set in and market volatility... ...
rudkla - 3. Apr, 15:42

Crisis Looms in Market for Mortgages
Hanging in the balance is the nation’s housing market, which has been a big driver of the economy. Fewer lenders means many potential homebuyers will find it more difficult to get credit, while hundreds... ...
rudkla - 11. Mär, 22:58

The Housing Bubble Starts to Burst
Dean Baker writes: "While the collapse of the housing bubble was both predictable and inevitable, it is not pretty. Tens of millions of people will be hurt as they see much of the equity in their homes... ...
rudkla - 14. Mär, 14:57

Borrowed trouble
The Libertarian Enterprise by Lady Liberty 07/09/06 Over the course of the years, Americans have fought and died for freedom. But the reality of it is that they weren't so much fighting for themselves... ...
rudkla - 12. Jul, 15:39

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