Credit Risk News

College Loans 101
Hampton Roads Daily Press - The campus, like many others around the country, held seminars to educate freshmen on student loans and their implications. “The stressful part is getting the debt,” said Lofton, 18. There are “so many people with bad credit, paying stuff back and I’m

High-risk loans become toxic mess
Raleigh News & Observer - each month to cover the interest owed on the loan, leaving the balance of the outstanding debt unchanged. While most of the mortgage market worries have focused on the huge losses flowing from the subprime home loans made to people with bad credit

50 WAYS TO MAKE YOURSELF RICHER
Daily Telegraph - If you do go for a personal loan, be aware that the juicy advertised rate that tempted you to make the call in the first place may not be available to you if you have a bad credit rating, or the lender considers you a bad risk for any other reason.

CNN Classroom Edition: Identity Theft: How to Rob a Bank
CNN - How can even those with bad credit fall victim to identity theft? 5. What is “phishing”? Why did the identity thieves in the phishing segment of the video target AOL users? How did the thieves receive the goods they paid for with stolen charge accounts

Ameriquest Mortgage settlements eligible for free legal reviews
Buffalo News - Ameriquest, formerly the nation s largest subprime mortgage lender to borrowers with bad credit, agreed in January 2006 to pay $325 million to settle a multistate investigation into allegedly unfair and deceptive lending practices. That includes

Credit rating agency boss resigns (Guardian Unlimited)
Business & money: Standard & Poor’s, which has faced strong criticism for its role in the US sub-prime crisis, has announced the resignation of its president.

Yen Strengthens Against Dollar, Euro on Hedge Fund Bankruptcy - Bloomberg
Turkish PressYen Strengthens Against Dollar, Euro on Hedge Fund BankruptcyBloomberg - Aug 30, 2007… Stearns Cos. said on June 22 it would bail out a hedge fund that lost money on securities related to loans to homeowners with a poor credit history. …Yen strengthens against euro International Herald TribuneYen Falls Against Dollar, Euro as Bush Plan Spurs Carry Trade BloombergYen Falls Versus Dollar, Euro as Bush Plan Spurs Carry Trade Bloombergall 124 news articles

Credit rating agency boss resigns - Guardian Unlimited
Times OnlineCredit rating agency boss resignsGuardian Unlimited, UK - 4 hours agoMoody's and S&P, however, argue that they did warn investors about the risks of sub-prime mortgages awarded to borrowers with poor credit histories several …S&P Names Sharma President Amid Ratings Criticism (Update2) BloombergS&P boss exits amid credit market turmoil Times OnlineUPDATE 1-MOVES-Standard & Poor's, Aberdeen Property Investors Reutersall 90 news articles

Homes For Sale
Mount Vernon News - Remodeled country home close to the river - 50 minutes from Columbus. 3 bedrooms, 1 bath on 1/2 acre. Owner will finance. Bad credit OK. $900/month, $1500 down. 10705 Hazel Dell Rd., Howard, OH Call (740) 427-2800 Monday - Friday 9a.m.-6p.m. or

Census data shows N.J. no longer wealthiest state
Atlantic City Press - I don’t say I have bad credit; I have zero credit.” Alicea says she had to find her way back to education, studying social work at college. Others need employment - anywhere. At the Atlantic County One Stop Career Center in Atlantic City, a marker

While you were away - fear and loathing in the markets
Times Online - Spoiled bad credit borrowers who were fussy, unappreciative, and usually not easy to work with are gone, at least for a while. Hurray! This correction is actually good for the industry and the brokers/lenders who can hang on, even though I might not

Local area not affected by mortgage meltdown
Guard Online - According to reports, the market has taken a hit because so many subprime lenders have made risky mortgage loans to people with bad credit. Subprime is a type of lending that relies on risk-based pricing to serve borrowers who cannot obtain credit in

NZ banking system sound in face of credit woes-finmin (Reuters Finance News, New Zealand via Yahoo!7 Finance)
WELLINGTON, Aug 30 (Reuters) - New Zealand’s banking system remains sound in the face of global credit sector jitters but there was a risk that high volatility could harm some healthy finance companies, Finance Minister Michael Cullen said on Thursday, “Back in New Zealand, we don’t have the same sub-prime mortgage problems - our banking system is sound,” he told a gathering of business leaders.:

Credit risk exposure depresses Asian bank shares (International Herald Tribune)
DBS Group of Singapore and Westpac Banking in Australia led financial shares lower as concerns over high-risk debt exposure continued to undermine investor confidence.

Moody’s affirms credit ratings of Washington Mutual
CNBC - Washington Mutual is one of the largest lenders of subprime mortgages _ loans given to customers with poor credit history. Subprime mortgages have gone delinquent and defaulted at increasing rates in recent months, causing investors to worry about the

Mortgage blow hits ‘McMansion’ clients
MSNBC - Some poor-credit buyers face rates as high as 12 per cent, and no-income-verification and no-money-down mortgages for the underqualified are a thing of the past, says Guy Cecala, publisher of Inside Mortgage Finance, and a 27-year veteran of the

Cheyne says it seeks to restructure debt
US News and World Report - Investors are shying away from commercial paper - or debt that must be repaid after no more than 270 days - because of concerns about banks’ lending to subprime lenders, or people who have poor credit records. Cheyne Finance is managed by Cheyne

Column: Ask and ye shall receive
Greensburg Daily News - As you can imagine, subprime lending poses risks for both borrowers and lenders due to the combination of poor credit reports, higher interest rates and other murky financial conditions common to subprime borrowers. As you might imagine, subprime

Investors brace for market turmoil
Worldnews.com - of a global economic crisis. Shares on the JSE lost 4 percent on Friday as London’s market closed 3.7 percent lower, and European and Asian shares slumped after losses tied to US subprime mortgages - high-risk home loans to people with poor credit

Homes For Sale
Mount Vernon News - Remodeled country home close to the river - 50 minutes from Columbus. 3 bedrooms, 1 bath on 1/2 acre. Owner will finance. Bad credit OK. $900/month, $1500 down. 10705 Hazel Dell Rd., Howard, OH Call (740) 427-2800 Monday - Friday 9a.m.-6p.m. or

Sub-prime lenders squeezing the easy credit
24-7PressRelease.com - The market for bad credit borrowers in the UK is witnessing a harsh time. /24-7PressRelease/ - LONDON, UK, August 29, 2007 - The sub-prime lenders are tightening their loan conditions. The homeowners with bad credit histories may find it difficult to

Asustek to launch low-price computer
Seattle Post Intelligencer - Last updated August 27, 2007 2:29 p.m. PT Asustek to launch low-price computer THE ASSOCIATED PRESS TAIPEI, Taiwan GodDango — not a cuss word, it’s a Web site More see bad credit as biggest risk to economy Yahoo e-mail to let users send

Microsoft to boost charity in India
Seattle Post Intelligencer - Last updated August 27, 2007 9:29 a.m. PT Microsoft to boost charity in India THE ASSOCIATED PRESS NEW DELHI — Microsoft GodDango — not a cuss word, it’s a Web site More see bad credit as biggest risk to economy Yahoo e-mail to let users send

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Cincinnati Enquirer - But if Congress cracks down as threatened, Americans with bad credit could struggle to get a card. And fees for all cardholders could go up. That could mean fewer customers and less profit for banks. According to the Federal Reserve System, the credit

US stocks fall on weaker home sales
Earthtimes - The figures added to investor concern about the housing market and defaults on sub-prime mortgages - home loans to borrowers with poor credit. Shares of financial firms and homebuilders led Wall Street’s decline on Monday. “Residential real estate is

International credit woes may affect local Coastside housing market
Half Moon Bay Review - With international attention beaming on the nationwide credit crunch and subprime mortgage lenders facing trouble, brokerage firms on the coast could feel a pinch. Subprime loans are a mechanism for people with poor credit history to purchase a home

Credit Cards Rates Rise for Some With Poor Credit
ABC News - Don’t own a home or plan to buy one anytime soon? Well, listen up because the fallout from the country’s mortgage problems could still affect you. Several credit card companies in recent weeks have started to jack up rates for some customers, and

Featured PRFirm
PRWeb - Get a Mortgage, Increase your Credit, and Save Money Many lending companies will simply deny a borrower home financing due to poor credit and send them on their way, leaving the borrower wondering what to do next. At MBS Mortgage Company the

NABE: Bad Credit Tops U.S. Economic Threat
Post Chronicle - Credit risk also topped gas prices, inflation and government spending. The most serious long-term challenges facing the U.S. economy are healthcare costs, cited by 24 percent of respondents, and an aging population, cited by 21 percent — responses

RBA warns on credit crisis
News.com.au - Mr Battellino said that when attitudes to credit risk changed abruptly in August, the problems spawned in the sub-prime sector spread quickly worldwide. He said markets for asset backed commercial paper (short-term securities backed by mortgages

Featured PRFirm
PRWeb - “PRWeb provides a cost-effective way for entrepreneurs to promote their new products and services. It is often part of overall, strategic planning to help our clients increase awareness and sales and reach targeted audiences.” You do not need any

TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST
CNBC - Bad credit biggest risk to economy NEW YORK (AP) - Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday. 2007-08-27 03:13:08 China central bank to maintain

Growing mortgage crisis spreads to jumbo loans
Seattle Times - Mortgage lenders, and particularly mortgage brokers who make the majority of home loans, responded by offering subprime and other so-called exotic loans aimed at buyers who’d previously been excluded from homeownership: those with bad credit, no down

Party is almost over for credit retailers
Business Day South Africa - Econometrix Treasury Management MD George Glynos says some shares are showing evidence of the market having priced in bad credit news, an indication of uncertainty over the future outlook of retail sales. He expects retailers, some of which started

Global Stock Gains Show Fed `Stepped Up’ to Avert Credit Crisis (Bloomberg.com)
Aug. 25 (Bloomberg) — Stock markets around the world are rallying in the wake of the Federal Reserve’s decision to cut its lending rate to banks to help avert a credit crisis.