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Investire Oggi - CDOs are financing a record number of loans to low-rated borrowers that forego standard investor rate increases, said Denise Yam, an economist at Morgan Stanley in Hong Kong. ``The cost of ...
Bay Area ties Stung More By Subprime Loans (CBS 5 Bay Area)
More more people in the Bay Area are defaulting on home loans, those in ty neighborhoods are much more likely to be saddled high cost loans they cannot pay. ...
Accredited Stock Hits 52-Week Low (AP via Yahoo! Finance)
Accredited Home Lenders Holding Co. stock plummeted to a 52-week low Tuesday after the company said it may seek to raise additional capital cut more jobs, while continuing to negotiate its bank lenders about extending funding....
Bradford City Council approves loans to two businesses (The Bradford Era)
Bradford City Council on Tuesday approved loans to an established business to one that is getting ready to open. At the council meeting, the Office of Economic Community Development approved a Economic Development Loan for $67,500 to Jarrett Corp. for the purchase of a new CNC lathe....
TD Banknorth Offers Savings, Simple Steps No Surprises on Spring Home Financing Needs (Business Wire via Yahoo! Finance)
PORTLAND, Maine----This spring, TD Banknorth is making it easy for consumers shopping for mortgages or home equity loans lines of credit to get the answers cost-savings they need....
MIDDAY BUSINESS REPORT: Block from morning low following Option One writedown (Kansas City Star)
Shares of Kansas City-based H&R Block Inc. bounced off four-year-lows early today after the company said late Tuesday that it will increase its losses in the third quarter because of a writedown of its subprime assets....
Will the Sub-Prime Crisis Cause a Downdraft in the Dollar? (Daily FX via Yahoo! Finance)
New foreclosures on US houses at record highs. Late payments for the sub-prime loans reach the highest level in four years. New Century Financial one of the largest sub-prime finance companies in US the self-proclaimed "new shade of a blue chip" delisted from the New York Stock as it teeters on the verge of bankruptcy....
Feds sue Paterson tax preparer, says clients misinformed about loans (The Record)
Aralis Mora was desperate to get a car. So when the preparer at Malqui Tax of Paterson told the Passaic resident that she could get an advance on tax refund last year, Mora signed the paperwork....
Congress looks at tougher lending laws (The News & Observer)
Congress is eyeing tougher standards for risky, higher-interest home loans made to people blemished credit records as defaults surge lenders to the so-called subprime market see their own financing dry up....
New state development corporation makes low-interest loans available to farmers (Baltimore Sun)
On the -- Ted Shelsby Forgive the members of the farming industry, the largest in Maryland by some measures, if they do not feel as though they have gotten the same treatment over the years as other businesses in the state. ...
Will the Sub-Prime Crisis Cause a Downdraft in the Dollar? (Daily FX)
New foreclosures on US houses at record highs. Late payments for the sub-prime loans reach the highest level in four years....

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