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July 25, 2008 1:09:28 PM CDT

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Stories related to: mortgage defaults

Stories

10 Stories

  • July 2008

    • Investors Fall Out of Love With Banks

      newser  |  New York Times  |  Jul 16, 08 7:39 AM CDT

      Investors Fall Out of Love With Banks

      With the nation's banks under pressure from bad loans, and sources of credit scarce, bank customers aren't panicking, the New York Times notes, but  investors are, fleeing an industry much more accustomed to being a Wall Street darling . Bank shares continued their downward spiral yesterday, with the S&P Regional Bank Index down 4% on top of Monday’s 11% drop. More »

      Tags

      mortgage crisis  • subprime mortgage crisis  • mortgage defaults  • National City

    • Mortgage Insurers Feel Pinch, Pull Back on Loans

      newser  |  Wall Street Journal  |  Jul 15, 08 9:51 AM CDT

      Mortgage Insurers Feel Pinch, Pull Back on Loans

      Mortgage insurers facing mounting defaults are tightening their standards, adding another hurdle for potential homebuyers, the Wall Street Journal reports. Beleaguered and risk-averse banks are making more mortgage applicants apply for insurance, just as insurers are declaring more parts of the country “declining markets.” making insurance harder to obtain. The result is “wreaking havoc” on the industry, one bank representative tells the Wall Street Journal. More »

    • June Foreclosures Jump 53%

      newser  |  Associated Press  |  Jul 10, 08 7:19 AM CDT

      June Foreclosures Jump 53%

      The number of homeowners stung by the rout in the US housing market jumped last month as foreclosure filings grew by 53% over June a year ago, according to data released today. One in every 501 US households was hit with a foreclosure filing last month. More »

      Tags

      California  • Florida  • housing crisis  • foreclosure  • Michigan  • Nevada  • mortgage defaults

  • June 2008

    • Banks Play Hide-and-Seek With Bum Loans

      newser  |  Wall Street Journal  |  Jun 19, 08 10:19 AM CDT

      Banks Play Hide-and-Seek With Bum Loans

      Banks are increasingly finding creative ways to lessen the impact of shaky loans on their bottom lines, shifting them to subsidiaries or changing their definition of non-performing, the Wall Street Journal reports—a legal, if not exactly confidence-inducing, strategy. "Spending all the time gaming the system rather than addressing the problems doesn't reflect well on the institutions," one analyst said. More »

      Tags

      credit crisis  • real estate values  • mortgage defaults  • bank regulation  • home equity loans

  • May 2008
  • April 2008

    • States Act Aggressively to Fight Foreclosures

      newser  |  Wall Street Journal  |  Apr 4, 08 11:17 AM CDT

      States Act Aggressively to Fight Foreclosures

      State lawmakers aren’t sitting around waiting for Washington to solve the mortgage crisis, the Wall Street Journal reports. Instead, many are taking aggressive steps to ease borrower pain, sometimes running afoul of lenders in the process. Illinois, Maryland, and Minnesota all have bills in the works to impose a moratorium on foreclosures—in one state as long as 12 months— for families attempting to restructure mortgages. More »

      Tags

      foreclosure  • mortgage crisis  • Minnesota  • borrowers  • state governments  • mortgage defaults  • moratorium

  • February 2008
  • August 2007

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