Credit Risk News

Bad Credit and Home Refinance (Benton Evening News)
(ARA) - Mortgage rates are at historic lows, and it seems like everyone’s jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?

Bad credit can cost you your job - WTHR
Bad credit can cost you your jobWTHR, IN - Nov 28, 2007Your credit is supposed to be a private matter. But 13 Investigates found out that the government is using it to fire its workers. …

Reducing your monthly debt repayments - Thrifty Scot (press release)
Reducing your monthly debt repaymentsThrifty Scot (press release), UK - 17 hours agoYou may even find that with bad credit you cannot get a consolidation loan. In cases such as these you may fare better looking a debt management plan or …

Online Pawn Shops Offer Bad Credit Loans - American Chronicle
Online Pawn Shops Offer Bad Credit LoansAmerican Chronicle, CA - Nov 28, 2007Taking out one bad credit loan after another will only drain your wallet and do nothing to solve your debt problem. Debt settlement or debt consolidation …

A guide to consolidating your debts
MyFinances.co.uk - These services are free and offer specialist advice on how to manage finances in times of difficulty and try to manage the situation so that someone in debt and/or with a poor credit history can try and consolidate their debts without risking their

GM, Ford May Say Sales Fell in November as U.S. Economy Slowed
Bloomberg - Record-high November gasoline prices, defaults on mortgages to borrowers with poor credit histories, and the steepest drop in home prices in two decades have left U.S. consumers as pessimistic as they’ve been since Hurricane Katrina hit the U.S. Gulf

Local governments, schools pull money from state investments
Great Falls Tribune - Earlier this month, Bloomberg Markets magazine identified Montana and Florida as states where some public money is invested in risky funds, including sub-prime mortgages, or loans given to people with poor credit. Montana s STIP has $2.4 billion

Loan outlets target poor, advocates say - Globe and Mail
Loan outlets target poor, advocates sayGlobe and Mail, Canada - 15 hours ago"I have bad credit and no bank account. I don't even have proper ID to open an account," the 37-year-old said in an interview. …

Stocks Slide on Fresh Credit Concerns - The Associated Press
Philadelphia InquirerStocks Slide on Fresh Credit ConcernsThe Associated Press - Nov 26, 2007… chief market economist at New York-based brokerage house Avalon Partners Inc., referring to loans made to borrowers with poor credit. …Stocks Jump As Rate Cut Hopes Increase The Associated PressStocks Jump As Rate Cut Hopes Increase The Associated Pressall 825 news articles

Citigroup, Bank Credit Swaps Rise on Subprime Concern (Update5)
Bloomberg - The losses at banks and securities firms are fueling concern that rising delinquencies on home loans to people with poor credit will drag down the economy. The slump in global credit markets may force banks, brokerages and hedge funds to cut lending

Cash funds, money funds also hit by credit crunch
Philadelphia Inquirer - Rising defaults on home loans to borrowers with poor credit have caused losses among short-term bond funds and enhanced cash products that invested in lower-rated securities. “I wouldn’t say enhanced cash funds don’t make sense, but it is more

Market correction erupts
St. Petersburg Times - on the consumer and the weekend sales but, of course, subprime always seems to pop its head up,” said Peter Cardillo, chief market economist at New York-based brokerage house Avalon Partners Inc., referring to loans made to borrowers with poor credit

Mortgage meltdown trips up more banks
Inside Bay Area - The British bank estimated it would write down $2.7 billion for losses on securities linked to mortgages for borrowers with poor credit. Barclays, along with Wells Fargo & Co., SunTrust Banks Inc. and General Electric Asset Management joined the slew

Pain isn't restricted to struggling homeowners - USA Today
Pain isn't restricted to struggling homeownersUSA Today - 6 hours agoYet consumers with poor credit or who don't pay their bills on time likely won't be seeing lower rates. Over the years, the penalty rate imposed on …Housing woes have domino effect USA Todayall 5 news articles

ikon buyback puts it on s&p credit watch - CNNMoney.com
ikon buyback puts it on s&p credit watchCNNMoney.com - Nov 21, 2007new york (associated press) - rating agency standard & poor's said wednesday it has placed office-supply company ikon office solutions on its credit watch, …

The Most Foolish
Motley Fool - This should help shunt exposure to its estimated $55 billion in remaining subprime exposure (for which Citi estimates it may need to take an additional $8 billion to $10 billion loss), $80 billion in SIVs (although it doesn’t bear credit risk, it has

INSERTING and REPLACING U.S. Bancorp Announces Impact of Visa’s
PR Inside - from both banks and non-banks, changes in customer behavior and preferences, effects of mergers and acquisitions and related integration, effects of critical accounting policies and judgments, management’s ability to effectively manage credit risk

TDAP reviews implementation measures
Daily Times - Also, restructuring of PRFGA will have insurance of the exporters credit risk and restructuring of board. TDAP will set up a social, environment and security compliance board to educate, coordinate and monitor implementation of local laws. staff

DJIA Leaders & Laggards: AIG GM
CNBC - American Express Co. declined $2.66, or 4.7 percent, to $54.34 after a Morgan Stanley analyst downgraded shares based on the company’s exposure to consumer credit risk. Intel Corp. declined 89 cents, or 3.5 percent, to $24.63. Robert Baird & Co

Retailers face headwinds this holiday season
MSNBC - After this summer s credit scare brought big losses to holders of bonds backed by risky mortgages, investors have gotten skittish about all credit risk. That s especially true for retailers who are carrying higher levels of their own corporate

County’s investment pool gets highest credit rating (San Diego Union-Tribune)
A Wall Street credit-rating agency has bestowed its highest rating on the county's multibillion-dollar investment pool.

What to do if you're facing foreclosure - HeraldNet
What to do if you're facing foreclosureHeraldNet, WA - 6 hours agoIn other cases, borrowers got high-interest-rate loans because they had poor credit and many of those loans are set to adjust to even higher interest rates …

Article Examiner
San Francisco Examiner - He contends concerns about bad credit brought by a spike in mortgage defaults have given rise to fears of an overall economic slowdown. “The worry was on the housing side - that it would cause a consumer spending slowdown. Now with the issues that we

Improving your credit report
MyFinances.co.uk - A bad credit score will reflect a history of failed repayments on credit cards, loan schemes, outstanding bills for home utilities, missed mortgage repayments and general bad money management. A good credit score will reflect the opposite of these

Realty Q&A
Marketwatch - We both have bad credit and we have been working on repairing mine first because it isn’t as bad and will repair sooner. We would love to buy our first home, but I am curious: If we get married, does “his” score become “our” score and all the repair

Resilient fundamentals should support Canadian banks' performance … - CNNMoney.com
Resilient fundamentals should support Canadian banks' performance …CNNMoney.com - 16 hours ago22, 2007 (Thomson Financial delivered by Newstex) — Standard & Poor's (NYSE:MHP) Ratings Services said the Canadian banking industry enters 2008 with solid …Slower growth poses risk to aggregate credit quality - S&P CNNMoney.comS&P affirms Radian's credit rating, keeps outlook at negative CNNMoney.comTarget Corp 'A+' corporate credit rating affirmed with stable … ForbesCNNMoney.com - CNNMoney.comall 174 news articles

The best way to use an unsecured loan - Thrifty Scot (press release)
The best way to use an unsecured loanThrifty Scot (press release), UK - 13 hours agoI have bad credit can I get an unsecured loan? Many lenders that offer unsecured loans will not consider any applicants with poor credit particularly in …

David Bronner says RSA safe from bad mortgage, credit investments - The Birmingham News - al.com
David Bronner says RSA safe from bad mortgage, credit investmentsThe Birmingham News - al.com, AL - Nov 20, 2007… some direct investment the system has, such as a money-market fund, has itself invested in securities backed by the mortgages of people with bad credit. …

Credit Act empties Woolworths’ basket (Independent Online)
Higher interest rates and stricter credit laws have dampened consumers’ appetite for Woolworths goods, but bad debts are fast disappearing.

Cheap and Urgent Bucks to Fix Urgent Needs - PR-USA.net (press release)
Cheap and Urgent Bucks to Fix Urgent NeedsPR-USA.net (press release), Bulgaria - 8 hours agoChris Harris has been associated with Bad credit payday loans. Having completed her Masters in Finance from Cranfield School of Management. …