Credit Risk News

For mortgage market, it’s prime’s time 
The meltdown in the subprime mortgage market is making it tough for many potential home buyers to find financing. Home buyers with damaged or thin credit histories may be shut out.

Dollar Heads for Weekly Gain Against Yen on Reassessment of Fed 
March 23 (Bloomberg) — The dollar headed for a weekly gain against the yen as investors pared bets the Federal Reserve will lower interest rates by June.

KENNETH HARNEY: FHA helps fill need following collapse of subprime lenders 
With the subprime mortgage industry in virtual free fall, where do home buyers with less than perfect credit turn for financing?

COMEDY: Shaun Jones stirs laughs at Cabana 
Comedian Shaun Jones will perform two shows at Comedy Cabana in Myrtle Beach tonight. Jones’ stand-up includes good relationships gone bad, living with bad credit, experiences at strip clubs, black and white people in heaven, trips to the Bahamas and the night club scene.

Do Your Homework Before Going Overseas 
If you’re going to invest in foreign funds, pick investments based in fiscally fit countries.

The Unknown Financial Superhero
Slate - started life in 1865 as the Hong Kong and Shanghai Banking Corporation: hence HSBC. (The woes have led several wags at Barry Ritholtz’s blog to propose alternate and apropos definitions for the bank’s acronym. My nomination is: Holy S***! Bad Credit

Online Press Release
PRWeb - How Does Bad Credit Mortgage Loan Help? An equal chance to all borrowers to raise funds despite their poor credit standing. Read on to find out more .. - 2006-08-20 Thehooks Handicapping Radio Show Thehooks Football Picks announced that The Men’s

High-Cost Home Loans More Common in Pr. George’s
Washington Post - The prevalence of high-cost loans cannot be explained solely by bad credit histories, according to an analysis by CreditXpert, a Towson, Md., firm that specializes in credit-management software. It found that residents of Prince George’s County have

How the subprime woes affect you
CNN Money - NEW YORK (CNNMoney.com) — Stock markets have been struggling because of worries about lenders who underwrite mortgages for people with bad credit. Some two dozen companies have been affected. Worse, the crisis is also hitting better known banks and

Nakilat rating raised to 'A+' on sovereign upgrade, robust state … - Forbes
Nakilat rating raised to 'A+' on sovereign upgrade, robust state …Forbes, NY - Mar 29, 2007LONDON (AFX) - Standard & Poor's Ratings Services said it raised its long term corporate credit rating on Qatar-based Nakilat Inc, a liquefied natural gas …S&P Lowers United Surgical's Rating Houston ChronicleS&P Lowers United Surgical's Rating ForbesS&P lowers United Surgical's rating ABCmoney.co.ukall 15 news articles

Brokers Feeling Subprime Squeeze - RisMedia.com (press release)
Brokers Feeling Subprime SqueezeRisMedia.com (press release), CT - Mar 28, 2007RISMEDIA, March 29, 2007-Ricky Boone is a Trevose mortgage broker whose customers typically have poor credit, many of them seeking loans for 100 percent of …

Bad Credit? No Problem! - Amherst Times.com
Bad Credit? No Problem!Amherst Times.com, NY - 20 hours agoNo, this isn ta predatory lending pitch, It s the I hate Giambra Erie County Control Board. Since they can basically loot take money from the County s sales …

Drug-dealing charges dealt 
Two Enid men arrested Wednesday morning after a search warrant was served at their residence were charged Thursday in Garfield County District Court. Joshua Duane Wheeler, 26, and Jared Lee Wheeler, 25, were charged with unlawful possession of a controlled drug with intent to distribute.

Fewer homes being sold in Triangle 
Local closings are down 1.7 percent in January and February; number of unsold homes is up.

State legislators focus on subprime lending crisis 
Rising foreclosures and the near-collapse of the market for home loans to those with bad credit have triggered a flood of proposals from Texas lawmakers. The suggested reforms range from requiring consumer education to making mortgage fraud easier to prosecute in a state that, according to RealtyTrac, had the fourth-highest rate of foreclosures in 2006.

Trouble on the home front 
Subprime mortgage crisis knocking on W.Va.s door? You used to never hear about predatory lending, says credit counselor Jeff Wise. These days, however, his counseling sessions are busier than ever, he said.

GMAC Mortgage Unit’s Subprime Losses to Hurt Earnings (Update1) 
March 28 (Bloomberg) — GMAC LLC said losses at its Residential Capital home mortgage division, which lends to borrowers with weak credit, will hurt profit this year as defaults and foreclosures surge.

Weak housing report sends stock down 
Stocks stumbled Tuesday as new data stirred up worries that the nation’s housing market may be slowing sharply enough to seep into the broader economy and crimp consumer spending.

Stocks End Lower Amid Inflation Concerns 
Stocks fell Wednesday after Federal Reserve Chairman Ben Bernanke chided investors who may have looked past long-standing concerns about inflation after recent comments from the central bank.

Hearing Bernanke, Markets Sell Off 
Stocks Tumble After Fed Chief Dashes Hopes For Rate Cut Stocks fell Wednesday after Federal Reserve Chairman Ben Bernanke chided investors who may have looked past long-standing concerns about inflation. The Dow Jones industrials fell nearly 100 points, the third straight session of declines.

Moody’s downgrades ComEd to junk status 
CHICAGO The credit rating of Illinois’ largest power supplier was downgraded to junk status today as state lawmakers haggle over a proposed electric rate freeze.

Enclarity will help track health care providers 
Starting in May, doctors, hospitals and other health care providers nationwide will be required to use a standardized 10-digit identification number for their billing statements.

Thank you, Thank you, Thank You
PRWeb - Consumers and Small Business Owners Receive Credit Card Education from Redesigned Web Site Small business owners searching for the appropriate credit card, consumers with bad credit and students interested in applying for a credit card can now find

Risk-taking strategist uses humor in Sun’s turnaround
Silicon Valley - I’ve got Opterons coming out of my ears! . . . Bad credit? No problem. We don’t have any either!'’ He also promoted the AMD microprocessor move by spoofing the Shane Co. jewelry commercials on an in-house radio program heard by Sun marketing

Julia A. Seymour’s blog
News Busters - But it is not as if lending companies run around just handing out money to bad credit risks, people actually have to apply for home loans because they want to buy a home. Both ABC and CBS missed that. Instead Muir’s “World News” report pitied one

Lending fraud laws already exist
Seattle Post Intelligencer - During the housing boom of the past five years, people with bad credit histories, many of whom lied about their income and nature of employment, got mortgage loans they weren’t qualified for to buy homes they couldn’t afford. Now that home prices

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CNBC - Meanwhile, a representative of the Conference of State Bank Supervisors told the hearing that Congress should not bail out subprime lenders and brokers who made risky mortgage loans to borrowers with bad credit, but lawmakers can take several steps

S&P Hikes Foster Wheeler Credit Rating (AP via Yahoo! Finance)
Engineering and construction services company Foster Wheeler Ltd. said Monday that Standard & Poor’s raised its corporate credit rating to “BB” from “B+.”

Bad Credit Can Hurt — GetSmart.com Can Tell You How and Where 
Considering the idea of buying a new home this spring? Your first step should be to check your credit. Making sure your credit report and score are in the best shape they can be prior to home or mortgage shopping. Learn more about how bad credit can affect your financial future. (PRWeb Mar 22, 2007) Post Comment:Trackback URL: …

Fremont to sell $4 billion of subprime loans 
Fremont General Corp., which is exiting the business of making mortgages to people with bad credit, said on Wednesday it was selling a $4 billion portfolio of subprime home loans, which should result in a $140 million pretax loss.

Free counseling available for first-time homebuyers 
Aiming to help financially strapped residents repair bad credit and avoid predatory loans and home foreclosure, Catholic Charities of Manatee County has expanded its free housing counseling program.