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July 25, 2008 1:40:40 PM CDT

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Stories related to: credit market

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  • July 2008

    • Credit Crunch Squeezes Student Loans

      newser  |  Boston Globe  |  Jul 23, 08 3:04 PM CDT

      Credit Crunch Squeezes Student Loans

      The slump in the credit markets has shrunk capital available to brokers of student loans, complicating the already-difficult task of financing a college education. The Boston Globe relates the story of one Massachusetts family, the Ferragutos, who received word this year from the state’s education finance agency informing them that federal loans, including low-interest Stafford loans, were no longer available. More »

      Tags

      credit crisis  • college  • credit market  • student loans  • college tuition  • private lenders  • Stafford loan

    • Public Silence Greets Wall St. Blunders

      newser  |  Wall Street Journal  |  Jul 19, 08 3:10 PM CDT

      Public Silence Greets Wall St. Blunders

      America's financiers have driven the country into crisis with stunning recklessness, James Grant writes in the Wall Street Journal , but public anger seems strangely dormant. Populist politicians railed against Wall Street during past financial crises, Grant notes, but today's politicians appear largely uninterested in taking aim at the easy target. More »

    • Fannie, Freddie Edge Back From the Brink

      newser  |  Wall Street Journal  |  Jul 12, 08 7:11 AM CDT

      Fannie, Freddie Edge Back From the Brink

      Fears of a collapse of Fannie Mae or Freddie Mac finally eased yesterday after a stomach-churning rollercoaster ride that saw a 50% nosedive for the mortgage giants in early trading, writes the Wall Street Journal . A week of panic, prompted in part by reports that the government was preparing rescue scenarios, seem to have abated, as Fannie and Freddie were able to continue their regular borrowing. But a bigger test looms Monday when Freddie is due to sell $3 billion of short-term debt. More »

      Tags

      Wall Street  • Henry Paulson  • mortgage  • Fannie Mae  • Freddie Mac  • credit market  • markets  • bailout

    • Fannie, Freddie Plunge Gives Short Sellers a Field Day

      newser  |  New York Times  |  Jul 11, 08 9:29 AM CDT

      Fannie, Freddie Plunge Gives Short Sellers a Field Day

      With the rest of the world wringing its hands over fears of a Fannie Mae or Freddie Mac collapse, one tribe on Wall Street is smiling: the short sellers. Investors have bet against Fannie and Freddie in growing numbers as the two mortgage lenders' positions grew more precarious. But handsome returns as the stocks plunged 70% this year have also brought unwanted attention, the New York Times notes. More »

      Tags

      Wall Street  • Fannie Mae  • Freddie Mac  • credit market  • markets  • short selling

  • June 2008

    • Angel Investors Profit From Slumping Markets

      newser  |  Portfolio  |  Jun 18, 08 4:26 PM CDT

      Angel Investors Profit From Slumping Markets

      The bearish market hasn't stopped angels from acting like bulls, Portfolio reports. Angel investors, those who fund start-ups and small companies, are profiting from Wall Street's woes: Reduced private equity funding has made angels the go-to source for capital, improving their bargaining position and giving them more chances to invest. More »

      Tags

      business  • private equity  • credit market  • investing  • startup

  • May 2008

    • Foreclosures Go Upscale

      newser  |  Washington Post  |  May 15, 08 10:11 AM CDT

      Foreclosures Go Upscale

      Luxury homes—once seemingly immune from the mortgage crisis—are starting to hit foreclosure lists across the nation, the Washington Post reports. And, real-estate agents predict, it’s just the beginning of a trend likely to grow as more buyers who bought beyond their means with adjustable-rate and interest-only mortgages are hit by the economic slowdown. More »

      Tags

      housing market  • foreclosure  • mortgage  • credit market  • adjustable-rate mortgages

    • Recession Fears Overblown: Economists

      newser  |  Wall Street Journal  |  May 14, 08 9:50 AM CDT

      Recession Fears Overblown: Economists

      A growing number of economists are saying, cautiously, that the US might have pulled back from the brink of recession, the Wall Street Journal reports. The experts credit swift action by the Federal Reserve to lower interest rates and save Bear Stearns in March, and even the ongoing distribution of fiscal-stimulus checks, as catalysts for the detour. More »

      Tags

      stock market  • Federal Reserve  • recession  • Bear Stearns  • credit market  • economic stimulus package  • consumer prices

  • April 2008

    • Banks Face New Loan Crisis: Rebuilding Reserves

      newser  |  Wall Street Journal  |  Apr 22, 08 12:17 PM CDT

      Banks Face New Loan Crisis: Rebuilding Reserves

      Within Bank of America’s disappointing first-quarter earnings was an unwelcome harbinger for the banking industry, the Wall Street Journal reports. BofA’s results were dragged down by huge additions to its loan-loss provision, an expense many other banks will also record soon. Given current credit conditions, many banks will have to increase their bad-loan reserves, dragging down their earnings. More »

      Tags

      credit market  • Bank of America  • writedowns  • earnings  • investment banks

    • Citigroup Posts $5B Loss, Will Cut 9,000K Jobs

      newser  |  Wall Street Journal  |  Apr 18, 08 7:56 AM CDT

      Citigroup Posts $5B Loss, Will Cut 9,000K Jobs

      Citigroup reported a first-quarter loss of $5.1 billion today, posting another $14 billion in writedowns as a result of the credit crunch and loan defaults, the Wall Street Journal reports. The loss of $1.02 a share exceeded analysts' estimates and marks the second straight quarterly loss for the nation's biggest bank. It plans 9,000 layoffs next quarter. More »

      Tags

      Citigroup  • credit market  • banking  • quarterly reports

  • March 2008
  • February 2008

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