Credit Risk News

As the Credit Crunch Tightens, “Bad Credit Loans” Offer a Positive Solution (PRWeb)
Credit problems are increasing dramatically both in the UK and abroad, explains Andy Hygate from www.loansbadcredit.org.uk . (PRWeb Jan 31, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/UGlnZy1Qcm9mLVRoaXItQ291cC1aZXRhLVplcm8=

Bad news for US housing industry - International Herald Tribune
Chosun IlboBad news for US housing industryInternational Herald Tribune, France - 5 hours agoWhat the Fed and Congress can do, and are doing, is make life much better for homeowners and buyers who have good credit and want a loan they can afford. …Sector Glance: Credit Card Lenders Houston ChronicleThe Fed Doubles Down NewsweekStocks Jump Following Interest Rate Cut The Associated PressMilwaukee Journal Sentinel (subscription)all 1,734 news articles

Albania Traffickers Used Bad Credit - BalkanInsight.com
Albania Traffickers Used Bad CreditBalkanInsight.com, Serbia - 10 hours agoThe police operation, codenamed Bad Credit, has resulted in the arrest of eight traffickers, now awaiting trial. One of those arrested is a credit officer …

Foreclosure: Should you live in your house even if you aren't … - HULIQ
Foreclosure: Should you live in your house even if you aren't …HULIQ, NC - 3 hours agoBut the other way to rent is to approach small landlords and they will often rent to you even if you have poor credit. They often do not run your credit. …

Bigger Provision For Bad Loans Drag Countrywide To Loss In Q4 - RTT News
RTT NewsBigger Provision For Bad Loans Drag Countrywide To Loss In Q4RTT News, NY - Jan 29, 2008Sub prime lenders, who make loans to people with poor credit histories, started to struggle as defaults mount, investors refuse to buy many home loans and …

A&L credit losses triple to 185m (FT.com via Yahoo! News)
Alliance & Leicester on Tuesday said its losses stemming from Collateralised debt obligations and other credit products exposure had increased due to poor market conditions.

More Than a Rabble Rouser?
Inside Higher Ed - After being laid off from a job in the defense industry in December because, he says, his poor credit restricted him from obtaining security clearance he decided to do the bus tour full-time. He estimates he owes $110,000 to the federal

Making sense of BofA’s Countrywide buy
CNN Money - He also says that Countrywide suffered from a excessive reliance on “bulk purchases” of mortgages from brokers, chiefly adjustable-rate mortgages (ARMs) and subprime loans with poor credit quality. Lewis says Countrywide will exit the bulk business

Loan-rescue group says aid is increasing
BusinessWeek - More than 1.8 million mortgages made to borrowers with poor credit are scheduled to reset to higher rates this year and next. Last month, the Bush administration brokered a deal with the mortgage industry to freeze rates on some subprime mortgages for

Fortis subprime denial lifts shares
CNN Money - De Standaard reported Saturday that the bank would write down 1 billion ($1.47 billion) to 2 billion ($2.94 billion) as it lost money on complex investments that have tumbled since some were based on U.S. housing loans to people of poor credit

American Express Profit Falls 10% (NYTimes.com via Yahoo! Finance)
The credit card and travel services company said Monday that net income was hurt by a charge to bolster reserves for bad loans.

Compare Bad Credit Credit Card Offers: Credit-Card-Surplus.com Adds 2 New Bad Credit Credit Cards, Offering Consumers … (PRWeb)
www.Credit-Card-Surplus.com announces the addition of two new bad credit credit cards to its website, creating more options for those who have less than perfect credit. Consumers that have filed for bankruptcy or have a low credit score qualify for bad credit credit cards. When used properly, these cards enable customers to rebuild their credit and improve their standings among lenders. With …

Compare Bad Credit Credit Card Offers: Credit-Card-Surplus.com … - PR Web (press release)
Compare Bad Credit Credit Card Offers: Credit-Card-Surplus.com …PR Web (press release), WA - Jan 28, 2008Credit-Card-Surplus.com announces the addition of two new bad credit credit cards to its website, creating more options for those who have less than perfect …

Credit Markets Sick But Recovering - U.S. News & World Report
Credit Markets Sick But RecoveringU.S. News & World Report, DC - 5 hours ago"It's a sign of return to normal credit conditions in the bank lending market." The Bad News: But while the LIBOR spread has narrowed, the difference …Should Investors Fight the Fed? MarketWatchStimulus deal promising; housing risks still plentiful Chicago TribuneWith economy, only uncertainty is certain Kansas City Starall 6 news articles

US blacks see ‘financial apartheid’ in subprime crisis
Raw Story - The city has responded by suing lenders, accusing them of targeting black borrowers and steering them to the loans granted with few formalities and at hefty interest rates to people with poor credit histories. In this city where nearly 27 percent of

After two years at helm, Bernanke mettle tested by US crisis
Times of India - The crisis in the subprime sector, where loans are given to people with poor credit, roiled financial markets in August and has led to a global credit crunch. Bernanke, a former Princeton University economist and one of the leading scholars of

Business Right Now
WAVY News 10 - CDOs are complex investments that combine slices of different kinds of risk and are often backed in part by subprime mortgages - loans given to customers with poor credit history - as well as other loans. Reports say Yahoo is to cut hundreds of jobs

Bank Bond Default Risk Rises on SocGen's Subprime Writedown - Bloomberg
Bank Bond Default Risk Rises on SocGen's Subprime WritedownBloomberg - 8 hours agoFortis credit-default swaps rose 8 basis points to 81, according to CMA. The Markit iTraxx Crossover Index of 50 companies with mostly high-risk, …

Seven Out Of Ten Credit Applications Will Be Rejected - Motley Fool UK
Seven Out Of Ten Credit Applications Will Be RejectedMotley Fool UK, UK - 5 hours agoIf you haven't read your report before you won't know with any great certainty whether you're likely to be considered creditworthy or a credit risk. …

Anyway To Get A Home Mortgage With Bad Credit? - Best Syndication
Best SyndicationAnyway To Get A Home Mortgage With Bad Credit?Best Syndication, CA - 19 hours agoA good credit rating is very important because it is most often the deciding factor in getting a loan approved. A person who has a bad credit rating should …

Profits Plunge at BofA, Wachovia
Associated Press - CDOs are complex investments that combine slices of different kind of risk and are often backed in part by subprime mortgages - loans given to customers with poor credit histories - as well as other loans. In November, Bank of America executives

Business Right Now
KVOA 4 - The same limits would also apply for loans backed by the Federal Housing Administration, which insures loans made to borrowers with poor credit, though the change would be permanent for FHA-backed loans, which had been capped at $367,000. Fed rate cut

Mideast banks to report subprime losses: magazine
Reuters - Gulf Arab officials, including central bankers, have repeatedly said the region’s banks were largely shielded from the crisis triggered by defaults on subprime mortgages, or home loans for people with a poor credit history. Global banks

Bad Credit? No Problem! Cash Advance Loans are Here to Help - Best Syndication
Best SyndicationBad Credit? No Problem! Cash Advance Loans are Here to HelpBest Syndication, CA - 6 hours agoIt's easy to get a blemish on your credit report. An unexpected hospital stay can put you in debt for years. Your husband loses his job and suddenly you …

Lowell foreclosures tripled in ‘07
Lowell Sun - An increasing tendency of mortgage lenders granting high-interest subprime loans — those designed for borrowers with poor credit — to people who could not afford them but were told they could. Subprime loans, which surged in popularity during

Realty Q&A
Marketwatch - Mortgage lender may have plan of attack for poor credit score 7:28 PM ET, Sep 13, 2007 - By Lew Sichelman WASHINGTON (MarketWatch) — Question: I have been working on my credit for over a year and paid off all debts except for two that are very old, but

Loan limit increase should help more expensive markets
WSJM - 000, though that limit would differ based on the median home price in a particular metropolitan area. The same limits would also apply for loans backed by the Federal Housing Administration, which insures loans made to borrowers with poor credit

Who’s Blogging
Washington Post - Historically, few lenders would give mortgages to borrowers with poor credit. The risk of default was simply too great. During the 1990s , however, major institutional players became more willing to purchase subprime loans as investments. Those loans