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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Alt A loans

Alt A loans stories: 2 news summaries

Huge Losses at ING Bring
New CEO, 7K Job Cuts

Dutch banking giant posts $2.6B in quarterly loss, against asks government for help

Jan 26, 09 8:32 AM CST
(Newser) - ING posted a $2.6 billion quarterly loss today, leading the banking giant to replace its CEO, fire 7,000 employees, and seek new guarantees from the Dutch government. The request for state aid is ING’s second in three months, and the bank said it might even need a... More »

MORE ABOUT:
layoffs • subprime mortgages • Netherlands • Alt A loans • Dutch government • bailout • ING

Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

Aug 3, 07 4:38 AM CDT
(Newser) - Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that often involves borrowers who don't... More »

MORE ABOUT:
subprime mortgages • mortgage • loans • Wells Fargo • Alt A loans • IndyMac • National City • interest rate

2 Stories


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