Credit Risk News

Don t Force Taxpayers to Bail Out Bad Credit Decisions
Sacramento Union - n April 23, six Democratic members of the Assembly Banking and Finance Committee passed AB 1538 to bail out with state funds sub-prime borrowers who face foreclosure of their mortgages. We can only hope that the Assembly will vote to defeat this

The Economics of the Poverty Business
BusinessWeek - The spread of subprime lending has made it easier for low-income consumers, many with bad credit, to acquire houses, cars, computers, and credit cards. But after factoring in higher interest payments, the final price tag for these products soars. The

Getting Rich Off The Poor
BusinessWeek - We used that title on the cover of our May 21 issue for an article that described how a growing number of surprisingly large U.S. companies now see low-income Americans who have bad credit as a ripe source of profits. Why? Advances in risk evaluation

Banks: Big vs. Small — Where Should Entrepreneurs Look When Shopping
HispanicBusiness.com - Historically, small banks (defined as those with assets of less than $1 billion) have reported wider margins than large banks, meaning the small banks have borne more credit risk than banks with assets of more than $1 billion. But as the banking

Keep em separated
Baton Rouge Business Report - to occasionally fall 30 or 60 days behind, Noesis Data CEO Layne McDaniel says, a move that would cause a big hit on a personal report. The fact is if you re a consumer relying on someone to pay you to pay someone else, you re a credit risk

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Moody s upgrades GIB s credit rating to A2
Mena Report - Moody s explained in its updated credit opinion that the rating is supported by the Bank’s sound merchant banking franchise in the Gulf Cooperation Council (GCC) states, its modest market and credit risk appetite and also its healthy

FPL Group Hosts Annual Meeting of Shareholders Chairman and CEO
dBusinessNews.com - FPL Energy s inability or failure to effectively hedge its assets or positions against changes in commodity prices, interest rates, counterparty credit risk or other risk measures could significantly impair FPL Group s future financial results

The Economics of the Poverty Business
BusinessWeek - The spread of subprime lending has made it easier for low-income consumers, many with bad credit, to acquire houses, cars, computers, and credit cards. But after factoring in higher interest payments, the final price tag for these products soars. The

How to Qualify for Franchise Loans Even with Bad Credit
Portland Business Journal - Having bad credit makes it harder to qualify for a franchise loan, but it’s not impossible. If you have bankruptcies combined with lots of judgments and tax liens against you, then the chances of getting a loan from a financial institution is very

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A matter of denial: The housing market
Lynchburg News and Advance - Four months ago, it was hard not to get a loan, Brown said. You could have bad credit and no documental income. For the past four or five years, Brown said, lenders have loosened their requirements. This loosening, coupled with low interest

Why You Should Consider A Bad Credit Home Mortgage - Best Syndication
Best SyndicationWhy You Should Consider A Bad Credit Home MortgageBest Syndication, CA - May 25, 2007Poor credit ratings, without doubt is the biggest hindrance in securing a loan. However, when it comes to home mortgage, you have better chances of getting …

Standard and Poor s lowers state s credit rating (Crain’s Detroit Business)
Wall Street credit-rating agency Standard and Poor s on Tuesday lowered its rating on Michigan, becoming the third firm to downgrade Michigan this year.

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The Economics of the Poverty Business
BusinessWeek - The spread of subprime lending has made it easier for low-income consumers, many with bad credit, to acquire houses, cars, computers, and credit cards. But after factoring in higher interest payments, the final price tag for these products soars. The

Clean Up Your Credit
WSOC-TV - Understanding credit and the effect it has on your financial potential is a significant part of financial success. And if your credit is bad, it is also important when organizing your finances to know how to clean it up. The first step is to

Beware questionable home loans
Inland Valley Daily Bulletin - Possibly the biggest offender is the subprime loan - a high-interest loan offered to a homeowner with bad credit. Subprime loans have higher fees - often excessively high - and higher adjustable interest rates than traditional loans. Another of these

The Poverty Business
BusinessWeek - It added that its prices are relatively high because of the “added risk of dealing with customers who have poor credit.” In contrast to its training materials, the company said its typical customer earns more than $40,000 a year. A few months after

Mass. Homeowners Rally Against Foreclosures
NPR News - With values escalating, lenders felt more confident about making mortgages to customers whose poor credit histories had prevented them from buying homes in the past. (When values are rising, borrowers are less likely to default, because they can take

North County home prices show resilience
North County Times - Still, foreclosures are on the rise, as “subprime” borrowers, or those with poor credit, default on adjustable-rate mortgages whose rates have risen. An estimated 15 percent of outstanding mortgages are considered subprime. In some cases, troubled

North County home prices show resilience
North County Times - Still, foreclosures are on the rise, as “subprime” borrowers, or those with poor credit, default on adjustable-rate mortgages whose rates have risen. An estimated 15 percent of outstanding mortgages are considered subprime. In some cases, troubled

Senate panel backs bills on rates for payday lenders
OregonLive.com - Most borrowers like their services, they say, and those with poor credit will have nowhere to turn for money if the lenders are forced to leave. The new regulations apply only to lenders using short-term licenses. About 200 payday and car-title

Few banks tighten standards for prime loans
Providence Business News - More than half the lenders who responded told the Fed they had tightened standards on subprime loans to borrowers with poor credit or little credit history, and 45 percent reported they had tightened standards for Alt-A and other nontraditional loans

Subprime loans spark disagreement
Philadelphia Daily News - To that end, Robbins urged policy makers not to get rid of subprime loans, arguing that they have played an important role in helping people with poor credit to buy a home. “We must find a way to prevent future abuse without eliminating subprime loans

Fremont shares soar on stake, loan unit sales
Reuters - Fremont, whose exposure to home buyers with poor credit dragged down its earnings and stock price in recent months, said it would sell its commercial real estate lending business to iStar Financial Inc. (SFI.N: Quote , Profile , Research ) for about $1

Marilyn Logan’s Book, I Can’t Afford to Marry You , Continues to
BlackNews.com - For instance, financial irresponsibility, poor credit, debt, relationships that serve as liabilities and more. Her approach is brutally honest, yet therapeutic. The laughter and sense of humor she incorporates throughout her presentations has

Homebuilders mired in slump
Memphis Commercial Appeal - Problems in subprime mortgages, which target borrowers with poor credit histories, have choked early indications of a recovery in the housing market. “If we hadn’t seen the problem in the subprime market, the spring selling season might have been a

Few banks tighten standards for prime loans
Providence Business News - More than half the lenders who responded told the Fed they had tightened standards on subprime loans to borrowers with poor credit or little credit history, and 45 percent reported they had tightened standards for Alt-A and other nontraditional loans

Senate Democrats want moratorium on home foreclosures and hearings on
Legislative Gazette - plan, called the Predatory Lending Mitigation Program, or P-L-M-P, to aid people who may lose their homes due to their inability to keep up with the skyrocketing interest rates associated with sub-prime loans, which allow borrowers with poor credit

Boyfriend s bad credit affect mine? - The Decatur Daily
The Decatur DailyBoyfriend s bad credit affect mine?The Decatur Daily, AL - May 20, 2007Dear Dave: My boyfriend s credit is in bad shape, and we re thinking about getting married. Will his bad credit rating affect mine? …

Ashburn helping residents with bad credit own their own homes (Tifton Gazette)
Ashburn residents who have less than perfect credit should not believe their dream of home ownership is out of reach. The City of Ashburn is ready to help people and several agencies will be on hand to assist from 4 to 8 p.m. June 5, at the Ashburn Housing Fair at the Youth Resource Center.

Fixed-Income ETFs Shine as Bond Market Gets Attractive
Smart Money - If you are sitting on the sidelines, a position in CSJ exposes you to only moderate credit risk and very low interest rate risk. A modest position is a conservative way to boost an income-oriented portfolio that’s primarily in money markets, CDs or

Alcatel-Lucent Reports First Quarter 2007 Results
PR Inside - that become commercially accepted; difficulties and delays in achieving synergies and cost savings; fluctuations in the telecommunications market; the pricing, cost and other risks inherent in long-term sales agreements; exposure to the credit risk

Buyer Beware
Baseline - A few years ago, technology managers with TrueCredit, which markets online credit reports, built an SOA to help its developers create new products, including a tool for its Web sites to help consumers determine their credit risk, according to chief