Credit Risk News

Inflation scenario like that of 1978
Columbus Dispatch - In particular, they began shunning anything related to the mortgage market, especially loans from the subprime sector, made to borrowers who are poor credit risks. For now, Americans are largely ignoring inflation, especially when it comes to gasoline

Real-estate trusts may be a strong investment
MSNBC - Like stocks in home builders and other real estate companies, REITs have been hammered by the ripple effects of the subprime mess involving high-risk mortgages for people with poor credit or low incomes. Rising interest rates have pushed up monthly

Yen Rebounds From 1-Week Low on Concern Credit Losses to Spread
Bloomberg - The BOE agreed to bail out Northern Rock on Sept. 14 after the U.K. loan provider requested an emergency credit line, as losses on U.S. mortgages to people with poor credit made banks reluctant to lend. Daniel Mudd, chief executive officer of Fannie

Housing slows O.C. economy
Orange County Register - The bank’s legacy niche is auto loans to people with poor credit profiles. When Micco arrived at the bank five years ago, it was 80 percent of the business. Today, higher-risk auto loans are just 20 percent of the pie. And as the economic cycle has

FAI hearing set for October to name receiver
Norfolk Virginian-Pilot - The court also will consider the state’s request for a temporary injunction to stop FAI - which sells computers on layaway plans to consumers with poor credit - from destroying, removing, hiding or damaging any documents. In July, Attorney General Bob

Dollar Falls to Record Low Against Euro on Inflation, Fed View - Bloomberg
Dollar Falls to Record Low Against Euro on Inflation, Fed ViewBloomberg - 3 hours ago14 after it requested an emergency credit line, as losses on US mortgages to people with poor credit made banks reluctant to lend.

Credit agencies deny inflating ratings to beat rivals, Senate told - Independent
PravdaCredit agencies deny inflating ratings to beat rivals, Senate toldIndependent, UK - Sep 26, 2007But Vickie Tillman of Standard & Poor's credit market services said that the agencies took every care to try to ensure accurate ratings, and that no analyst …Credit rating firms grilled on Capitol Hill CNNMoney.comMoody's, McGraw-Hill Soar; Firms `Back From the Dead' (Update1) BloombergThe Credit Ratings Blame Game BusinessWeekBloomberg - Bloombergall 234 news articles

Furniture Brands ends credit ratings The Business Journal of the … - Bizjournals.com
Furniture Brands ends credit ratings The Business Journal of the …Bizjournals.com, NC - Sep 27, 2007Furniture Brands International has asked Moody's and Standard & Poor's, two major credit rating firms, to withdraw their ratings for the company. …Furniture Brands International Asks Moody's and S&P to Withdraw … CNNMoney.comFurniture Brands requests withdrawal of rating Reutersall 18 news articles

Homebuyers encouraged to lie for mortgages
Daily Telegraph - Homebuyers are being encouraged to lie on their mortgage applications to take out loans they cannot afford, according to an investigation. Some mortgage brokers have encouraged desperate borrowers with poor credit records to claim they earn almost

Sector Snap: Credit Cards
Boston Globe - The problems began in the subprime mortgage market — loans given to customers with poor credit history — but has spread to the wider credit markets in recent months. Among other credit card issuers, Capital One Financial Corp. shares fell $1.47, or 2

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

Morgan Stanley 3Q Profit Down 17 Percent
Forbes - Morgan Stanley (nyse: MS - news - people ), like others on Wall Street, was squeezed as borrowers with poor credit histories defaulted on home-loan payments at an alarming rate. This curbed investor appetite for everything from

Subprime Lending Hurts Homeowners
Social Funds - Countless homeowners with previously bad credit or low incomes have successfully fulfilled their mortgage terms. Nevertheless, all borrowers and especially borrowers rebuilding their credit need reasonable terms and fees. On March 27, CRL President

Membership Has Its Benefits Doesn’t It?
MSNBC - My well-educated, gifted parents had made some very bad choices, thus getting all seven of us tossed out of our lovely home and into any rental that would accept no down payment and bad credit. Thank goodness there was a house in Decatur, Mich

Woman found dead 17 years ago in Manvel remains unidentified
Houston Press - Bad credit. Dog Denied.” It’s with this plot device that playwright Johnson establishes the rules for what will come: a metaphor told in a mixture of urban pop culture, melodrama and farce, about

You do not need any permission to link to any of the pages on this
PRWeb - Consumers Free Mortgage Quote Rising Star Financial Services, the top rated Credit Repair company in Los Angeles, announced that consumers can now sign up for a Free mortgage quote on the Rising Star website, and that even clients who have bad credit

Membership Has Its Benefits Doesn’t It?
MSNBC - My well-educated, gifted parents had made some very bad choices, thus getting all seven of us tossed out of our lovely home and into any rental that would accept no down payment and bad credit. Thank goodness there was a house in Decatur, Mich

Want to get married? Pay your bills on time
Rediff.com - Thus the objective third party credit information available from credit bureaus will enable the people with good repayment track records to stop subsidising the consumers with no or bad credit track record that will have to pay a higher price for

Money 101
Vacaville Reporter - Students are also learning about good and bad credit, how the amount of education they get will influence their future earnings, and what’s expected when purchasing a home. The workbook uses quizzes, check-off lists, critical thinking questions and

Congress should help borrowers in financial trouble
Citizen Tribune - These working and middle-class Americans who, perhaps because of bad credit or some financial holdup, took on a loan without a fixed interest rate or some other bad mortgage, are becoming the human face of the subprime mortgage industry s crash

The Short View: Large-caps and Brics (FT.com via Yahoo! News)
Crisis? What crisis? As far as some stock markets are concerned, the credit squeeze is over. The MSCI emerging markets index is at an all-time high, having erased the losses it suffered during the summer correction. That looks like a return to risk-taking as usual.

IMF: Credit crunch is risk to economies (Ireland Business World)
The IMF today said that the global credit crunch has significantly increased the risk of an economic downturn.

IMF says credit crunch significantly increases risks to economy UPDATE (Sharewatch)
(updates with IMF official) WASHINGTON (Thomson Financial) - The International Monetary Fund today officially confirmed what borrowers, lenders, traders and the Federal Reserve already seem painfully aware of — that the global credit crunch has significantly increased the risk of an economic downturn.

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

Looming foreclosure requires action
Myrtle Beach Online - Nearly one in five subprime borrowers, or those with poor credit, were 60 days or more past due on payments in June, according to First American LoanPerformance. But the problem is spreading to other homeowners: Also in June, 1.24 percent of second

The Big Picture l
Economic Times - For London-based HSBC, which is under pressure from activist investors to shake up its corporate governance, it was the latest blow from the meltdown in the US market for loans to home buyers with poor credit histories. HSBC Finance, the US

Brake Bros Finance 'B' Rating Still On Watch Neg; Debt Ratings … - Creditman
Brake Bros Finance 'B' Rating Still On Watch Neg; Debt Ratings …Creditman, UK - 20 hours agoRatings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, …S&P Cuts Movie Gallery Credit Rating CNNMoney.comRiskMetrics Group Holdings ratings placed on positive watch on IPO … ForbesMovie Gallery rating cut to 'D' after missing interest payment on … CNNMoney.comForbes - Bloombergall 29 news articles

In credit crunch, location matters (USA Today)
You’ve heard about how the credit crunch has made it harder for many types of buyers to afford a home or qualify for a mortgage. But here’s what you might not realize: The impact isn’t the same everywhere. It all depends on where you live.

Critics: Don’t let insurers use credit scores (Boston Globe)
The state attorney general, consumer groups, and several insurance companies yesterday urged Insurance Commissioner Nonnie S. Burnes to prohibit automobile insurers from using a driver’s credit history to directly or indirectly set what he or she pays for coverage.

In credit crunch, location matters (USA Today)
You’ve heard about how the credit crunch has made it harder for many types of buyers to afford a home or qualify for a mortgage. But here’s what you might not realize: The impact isn’t the same everywhere. It all depends on where you live.

National Retail Federation warns of poor holiday shopping season (Tacoma News Tribune)
NEW YORK Amid housing concerns and credit worries, U.S. retailers could be headed for their worst holiday season in five years, according to the National Retail Federation.

Who’s in Charge?
American Progress - Why do credit card companies continue to issue cards to customers who are such bad credit risks? What aspects of credit cards most often lead consumers into debt traps? What specifically can policymakers do to solve these problems, and are these

Press Release Tips and Template
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Press Release Tips and Template
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The Tao of Junk
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

Financial guide for students
MyFinances.co.uk - If current accounts have been poorly managed, credit cards left with outstanding bills or repayments on loans have been defaulted, this all adds up to create a bad credit rating. Well-managed finances are awarded a positive or good credit score