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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: subprime crisis

subprime crisis stories: 284 news summaries

281 - 284 of 284 Stories | << Prev 1 ... 11 12 13 14 15

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Demand for Mortgages Rises as Rates Fall

Interest charge lowest since May, with Fed likely to cut further

Sep 12, 07 11:23 AM CDT
(Newser) - Applications for home loans increased for the second week in a row as interest rates on both fixed and adjustable-rate mortgages fell, according to a survey by the Mortgage Banker's Association. Indices tracking applications for both purchases and refinancing showed a 5.5% increase over last week and a 12.... More »

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housing market • subprime mortgages • home loans • interest rate • subprime crisis

Tightening Credit Markets Squeeze Banks

$140B in commercial paper is coming due, and forecast is fuzzy

Sep 10, 07 10:58 AM CDT
(Newser) - Almost $140 billion in commercial paper has matured and is up for renewal by next week, and banks need to attract buyers to pay it off. The yield on the short-term loans, which are entangled in the subprime mortgage crisis, is skyrocketing. "This could be a pivotal seven to... More »

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subprime mortgages • business • loans • finance • credit market • subprime crisis

(Newser) - Troubled mortgage lender Countrywide announced today that it would cut up to 12,000 jobs–or some 20% of its total workforce–over the next three months. The Wall Street Journal reports that, as the subprime debacle rocks the housing market and the lending industry, Countrywide expects to issue 25%... More »

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layoffs • subprime mortgages • loans • home loans • Countrywide • subprime crisis

Housing
Sales Plunge
In March

Oversupply and tightened lending
hit hard in already-weak market

Apr 25, 07 12:15 PM CDT
(Newser) - Sales of previously occupied homes fell 8.4 percent in March, marking the biggest monthly drop since 1989 and ending hopes for a spring rebound. The new National Association of Realtors numbers reflect an oversupply of homes, lenders subdued by the sub-prime crisis, and bad winter weather, the Wall Street ... More »

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housing market • business • housing • National Association of Realtors • subprime crisis

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