Mortgage and Financial News From 2007-9-14 Page 23
Previous Day: 2007-09-13
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Credit crunch 'may hit UK growth'
BBC News - The credit crunch has followed woes in the US sub-prime mortgage sector, which specialises in loans to people with poor credit histories or on low incomes ... home repossessions - and that has sparked fears about which lenders might be exposed to the bad ...
2007-09-13 04:44:00 -
Cattles in credit with £13.3m profits boost
The Independent - Credit markets have been rocked by the US sub-prime mortgage crisis. However, Mr Mahon said Cattles had benefited from its ... The level of arrears from bad loans was also relatively unaffected. The credit industry remains controversial, however. A ...
2007-09-13 04:37:00 -
Subprime mess surprised Greenspan
Houston Chronicle - ... wonder whether the Greenspan Fed could have done more to prevent lax lending standards, bad ... His successor, Ben Bernanke, has had to deal with a credit and financial crisis stemming from the subprime mortgage mess. When he was at the helm, Greenspan ...
2007-09-13 10:20:00 -
Bank of England props up Northern Rock
Daily Telegraph - The credit crisis has already led to mortgage rates spiralling to a nine-year high. This week, Abbey became the first high street lender to raise ... Banks' exposure to rising bad debts in the United States is forcing them to hoard cash rather then lend it ...
2007-09-13 11:10:00 -
Greenspan talks about mortgage risk
MSN MoneyCentral - WASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to quickly appreciate the risks posed by the boom in lending to people with bad credit, linked to both the rise and fall in housing. In an interview to be aired ...
2007-09-13 12:26:00 -
Singapore shares end morning higher on Wall St gains, rate cut hopes
CNBC - News that mortgage lender Countrywide Financial Corp secured new financing also provided support, a sign that the subprime credit crisis in the US may not be as bad as initially thought. At the midday break, the Straits Times Index was up 52.69 points ...
2007-09-13 10:06:00 -
Japanese Bonds Decline as Global Credit Market Concerns Ease
Bloomberg - Countrywide Financial Corp., the biggest U.S. mortgage lender, yesterday said it had lined up $12 billion of financing, adding to optimism the global credit market turmoil is ... To keep yields this low there needs to be a continuous injection of bad ...
2007-09-13 11:39:00 -
Stocks jump as credit worries ease
Minneapolis Star Tribune - ... fallout from rising mortgage defaults and tightness in the credit markets, were relieved to hear that Countrywide -- the nation's largest mortgage lender -- had secured $12 billion in credit. "It appears that this credit crunch may not be as bad as ...
2007-09-13 05:48:00 -
Mortgage lender's news helps spur on Dow index
Houston Chronicle - ... economic fallout from rising mortgage defaults and tightness in the credit markets, were relieved to hear Countrywide — the nation's largest mortgage lender — secured $12 billion in credit. "It appears that this credit crunch may not be as bad as ...
2007-09-13 10:20:00 -
Credit Fears Ease, and Markets Climb (New York Times)
The Dow Jones industrial average close up 133 points on Thursday, boosted by signs that the credit markets may be thawing.
2007-09-13 06:41:34 -
Inside Entrepreneurship: Got a good startup idea -- but lack credit? (Seattle Post-Intelligencer)
Susan Schreter offers advice to young startup entrepreneurs with bad credit.
2007-09-13 02:02:05 -
Greenspan talks about mortgage risk (KTRE-TV East Texas)
WASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to quickly appreciate the risks posed by the boom in lending to people with bad credit, linked to both the rise and fall in housing.
2007-09-13 12:49:40 -
Stocks jump as credit worries ease (Minneapolis-St. Paul Star Tribune)
NEW YORK - Stocks advanced solidly Thursday, led by strong gains among blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in credit markets with the announcement that it had lined up additional financing. The Dow Jones industrial average rose by more than 130 points after General Motors Corp. surged 10 percent amid reports that talks between the ...
2007-09-13 06:13:33 -
Mortgage lender's news helps spur on Dow index (Houston Chronicle)
Stocks advanced solidly Thursday, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in the credit markets with the announcement it had lined up additional financing.
2007-09-13 10:48:16 -
Target's Credit-Card Sale: Bad Timing? (BusinessWeek)
The big-box retailer's credit-card biz has been a profit machine, but a deterioration in credit quality could greatly weaken a sale price
2007-09-13 01:05:05