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Results for subprime fallout. Search took 0.08 seconds.
Is plain vanilla the right goal?
in The Mortgage Roadmap, on June 30, 2009
...erest-only options or any of the other fancy stuff that got so many borrowers in trouble during the subprime mortgage-lending crisis — if they choose.
But the Washington Post today asks an impo...
Does owning a home have to be the American Dream?
in The Mortgage Roadmap, on June 17, 2009
We like to find people to blame for our problems, don't we? And today, a lot of us are busy looking for people to blame for the mortgage meltdown the country is currently suffering through.
You know all about the meltdown: Housing foreclosures are soaring. Owners are walking away from thei...
How'd the mortgage meltdown happen? NPR knows
in The Mortgage Roadmap, on June 15, 2009
... you ever wanted to know — and then some — about mortgage loans, bad lending practices, subprime mortgages and the reasons why the mortgage industry went so wrong: It's NPR, of course....
Swine flu and crime
in Sox First, on June 10, 2009
...s interim director general for health, safety and the environment has told Time Magazine that the fallout could be devastating with panic setting in and the "worried well" pouring into hos...
Are reverse mortgages the next trouble spot?
in The Mortgage Roadmap, on June 8, 2009
...ke action to prevent reverse mortgages from causing some of the same problems for homeowners that subprime loans have already caused.
Reverse mortgages are popular these days. They let homeowners 6...
Wells Fargo accused of pushing bad loans on African-Americans
in The Mortgage Roadmap, on June 8, 2009
... Bank singled out African-American borrowers in Baltimore and suburban Maryland for high-interest subprime mortgages.
Baltimore has since filed a lawsuit against Wells Fargo. The city claims that t...
Subprime and racism
in Sox First, on June 7, 2009
...
One of the things that has disturbed me the most about the subprime crisis is the impact it's had on the African American and Hispanic communities, and the way banks had targeted these people ...
Mortgage giant Mozilo charged with fraud
in The Mortgage Roadmap, on June 5, 2009
...ated $461 billion worth of mortgage loans. Too many of those loans, though, were bad ones. When the subprime lending crisis hit, Countrywide quickly fell apart.
Mozilo was once the king of the mortga...
More housing woes
in Sox First, on May 29, 2009
...rtgagees are in serious trouble. What's even more concerning is the fact that it's not the subprime loans that are the main cause of the problem. Prime fixed-rate loans now represent the larg...
Loan modifications not always helping homeowners
in The Mortgage Roadmap, on May 26, 2009
...difications aren't quite working .
The paper cites a Fitch Ratings report that points out that subprime loans that have been modified are turning bad again at high rates, even with a change in lo...
Employee disengagement in a recession
in Sox First, on May 21, 2009
...th more companies cutting costs, and cutting down on engagement strategies, we can expect a massive fallout and lots of pissed off employees....
Looking to buy? Your mortgage loan might be smaller than ever
in The Mortgage Roadmap, on May 13, 2009
...elling today.
And qualifying for a mortgage loan today is more difficult, as lenders, stung by the subprime lending crisis, are doing everything they can to avoid passing out mortgage money to borrow...
A Hippocratic oath for managers
in Sox First, on May 8, 2009
...g virtual products as they did in financial markets wasn't serving anyone. Neither was flogging subprime packages to people who couldn't repay them, securitising them in packages that nobody c...
Bankroll blues
in Sox First, on May 7, 2009
...won't crack down on them? First comes its report showing that that the top 25 originators of subprime loans, the $1 trillion worth of assets that created the meltdown were owned and financed by...
Animal Spirits by George Akerlof and Robert Shiller
in Sox First, on May 4, 2009
... loan (S&L) crisis, the 2001 recession by Enron and the latest by the totally amoral selling of subprime mortgages to people who would never be able to repay them, and their securitization in pack...
More bad news ahead, says Roubini
in Sox First, on April 8, 2009
...rtgage delinquencies comes when you break down the figures further. According to the data, 39.8% of subprime borrowers were at least 30 days behind on their home mortgage loans, up 23.7% from last yea...
Here we go again
in The CIO Weblog, on April 6, 2009
... company.
My guess is that this will take something of the same path that the Yahoo/Microsoft deal fallout took. Investors will rebel, executives will be shuffled, and negotiators will be back at the...
Giving banks permission to lie
in Sox First, on April 4, 2009
...
More fallout from the Financial Accounting Standard Board's latest attempt to make the banks happy. From now on, it should be called the Fake Accounting Standards Board. As Peter Schiff, the ...
The politics of AIG
in Sox First, on March 16, 2009
...
The political fallout from the AIG bailout will be massive. With $165 million in US taxpayers' money going to pay executive bonuses, the Obama administration is bailing itself for a backlash. ...
Downturn hits democracy
in Sox First, on March 2, 2009
...ons typically threaten democracy via increased social unrest." Just another warning about the fallout from the economic crisis. The impact could spread well beyond the market. We have the lesson...
The Stanford-Madoff connection
in Sox First, on February 22, 2009
...
With the fallout from the goings-on at the Stanford Financial Group, a clear and worrying pattern is emerging. Allen Stanford and Bernard Madoff are the first two big frauds that have come out of ...
Bad Money by Kevin Phillips
in Sox First, on February 17, 2009
...take over the US economy, a turbo-charged growth of financial debt and extending mortgage credit to subprime and other unqualified buyers, swelling the housing, mortgage and credit bubble to the point...
The meltdown and fascism: minister warns
in Sox First, on February 10, 2009
...
In his book The Subprime Solution , economist Robert Shiller warns that in good times people are willing to co-operate and accommodate others but when optimism for the future turns sour, they bec...
Subprime meltdown drives litigation
in Sox First, on January 7, 2009
...were sued in a federal securities class action in 2008, compared to only 5 percent in 2007. And the subprime/liquidity crisis was associated with 97 federal securities class actions. In 2008, 111 cla...
Satyam stranger than fiction
in The CIO Weblog, on January 7, 2009
...my take on this on Friday, when that expanded entry is slated to go up.
In the meantime, expanding fallout available here on Techmeme....
Why smart investors fall for scams
in Sox First, on January 4, 2009
...
The fallout from the Madoff scandal has left us with one important question: why do Smart People keep falling for financial pea and thimble tricks? Why do people with high IQs keep getting tak...
Madoff's insanity defense
in Sox First, on December 29, 2008
...
The legal fallout over Bernard Madoff has taken a New turn with a judge ruling that Madoff must provide a list of all investments, lines of credit, loans, business interests, brokerage account...
Madoff fallout continues to spread
in Sox First, on December 22, 2008
The shock waves set off by Bernard Madoff's $50 billion scam continue to reverberate with reports that the FBI is now diverting agents from its counter-terrorism divisions to focus on Madoff's fraud schemes. What's clear now is that you can't have a fraud of that size without s...
Fair Food Organization Is Latest Victim Of Bernard Madoff's Ponzi Scheme
in Exclusive from our news room , on December 17, 2008
...The cloud of fallout from the Bernard Madoff embezzlement scandal continues to widen as reports of fortunes and dreams lost pour into news bureaus.
It will take years to untangle this investor's ...
Hi-Res-Texture-Pack für Fallout 3
in Daily Gamer, on December 11, 2008
Fallout 3 macht schon von Haus aus eine gute Figur. Mit einem neuen Texture- pack , von einem bis dato unbekannten Modder sieht apokalyptische Welt noch ein Stück besser aus. Das Pack ist 400 MB groß und steigert die Grafikqualität von Fallout 3 enorm.
Dafür muss das Pack heruntergeladen werden...
Why did the housing meltdown happen in the US?
in Sox First, on December 8, 2008
...preventing riskier loans. And finally, there was the unique role of securitisation which encouraged subprime lending. The big question for the US now is whether the egg can be unscrambled. Given that...
The Subprime Solution - Robert Shiller
in Sox First, on December 1, 2008
...
Have just finished reading Robert Shiller's The Subprime Solution which offers plenty of food for thought. Provocative and unsettling stuff. Shiller argues that the the impact of the US hou...
Merkel's attack
in Sox First, on November 27, 2008
...m tax cuts. As Spiegel notes, it's splitting her own party and causing all sorts of political fallout....
Profiting from prospecting
in The CIO Weblog, on November 25, 2008
In the Cloud Computing Gold Rush of '08, IBM has decided to play the storekeep rather than the prospector, and stick with the reliable business of selling pickaxes to all parties instead of grubbing around in the mud with all those hoping for a strike with the new business model.
Big Blue m...
US market: it's back to 1997
in Sox First, on November 21, 2008
...loomberg says the collapse comes as writedowns and credit losses stemming from the collapse of the subprime mortgage market reaches $965 billion. And it's growing. The market is responding to da...
How the predication models failed
in Sox First, on November 11, 2008
...rectly predicted that a drop in real estate prices of 10 or 20 percent would imperil the market for subprime mortgage-backed securities but the analysts assigned a very low probability to that happeni...
Deutsche Bank's accounting shell games
in Sox First, on November 5, 2008
...o be strongly capitalized. The message: the banks are capable of lending even more. But when the US subprime loan market collapsed, resulting in the credit crunch, those same assets have been marked d...
Greenspan's legacy
in Sox First, on October 25, 2008
...
In his book The Age of Turbulence , former Fed chief Alan Greenspan proclaimed that subprime was a good thing for America. "The gains were especially dramatic among Hispanics and blacks, as ...
One Version of How the Meltdown Happened
in The Personal Finance Weblog, on October 20, 2008
...ill happen in the future.
Ben Stein goes on to give a generally understandable explanation of the subprimes mess and credit swaps and other financial instruments you and I will never grasp completely...
Financial meltdown and climate change
in Sox First, on October 17, 2008
...
Why does the subprime meltdown remind me of our inability to deal with climate change? Both are the result of market failure, both are symptoms of the inability of government and markets to plan f...
Entellium fallout
in The CIO Weblog, on October 9, 2008
...if we were going to see the first significant failure of a SaaS business and the subsequent ghastly fallout among customers who may lose both their software and their information in one fell swoop. Co...
How the Credit Crisis is (Sort Of) Like 9/11
in The Personal Finance Weblog, on October 1, 2008
... as us shaking our heads from afar at the greed of Wall Street and the stupidity of Willy -nilly subprime mortgages could now morph into a financial crisis that will personally touch us, that reall...
Washington Mutual - another one bites the dust
in Sox First, on September 26, 2008
...ating had been cut to junk status by Standard&Poor's. It has already lost $6.3 billion on subprime mortgages and was facing $19 billiion in losses over the next two and a half years. An e...
Siemens, corruption and corporate social responsibility
in Sox First, on September 25, 2008
...
The fallout from the Siemens saga continues with trials of two figures, including a former board member, now well under way, reports Deutsche Welle . Charges are around invoices for work that was...
Boxing Cox
in Sox First, on September 23, 2008
...buddies in corporate America and on Wall Street." One thing for sure. When the history of the subprime and debt mess is written, Cox will not be spared.
...
Black Sunday fallout
in Sox First, on September 16, 2008
Wall Street's meltdown is likely to be a sign of things to come. The shock waves of what happened on Black Sunday will flow into 2009, writes Kathleen Madigan from Dow Jones . "US households are already under strain from falling house prices and incomes that haven't kept pace wit...
Is AIG next?
in Sox First, on September 16, 2008
... used by many companies world-wide to manage a range of risks, including exposure to investments in subprime mortgages. Its demise would potentially make it harder or more expensive for businesses to ...
Vista fallout
in The CIO Weblog, on September 13, 2008
I don't want to make too much out of the information I am about to relay, but I do want to point it out as an example of the sort of detrimental effect that the badly botched release and subsequent handling of Windows vista is actually having on Microsoft. Too many Vista stories head imm...
Pegasus Sees 36th Month Of Positive Returns
in The Hedge Funds Weblog, on September 12, 2008
...g the 36th subsequent month of positive returns for the Pegasus Auto Loan Fund, which invests in US subprime auto loans.
In the $200 billion auto industry there is high demand for auto loan originati...
Why the markets imploded
in Sox First, on September 12, 2008
...ent when you read this IMMF working paper Transmission of Liquidity Shocks: Evidence from the 2007 Subprime Crisis . The blame is sheeted home to the unprecedented complexity and integration. "...
Fannie and Freddie fallout
in Sox First, on September 9, 2008
So The Dow Jones gained nearly 300 points on the bailout of Fannie Mae and Freddie Mac. Don't expect the party to last. Home loans are being foreclosed more than ever, growing at their fastest pace in three decades . Does anyone really think that saving Fannie Mae and Freddie Mac wil...
Fallout 3 in October!
in PCGamers Blog, on August 20, 2008
...
Bethesda Softworks have today announced that their long awaited next game in the Fallout series, number 3, is set to be released on October the 31st. It's odd to me, I could've sworn I wa...
Wal-Mart CEO says US contagion spreading
in Sox First, on August 15, 2008
...
Is this the canary in the coal mine? In another sign that the effects of the US subprime crisis have spread globally, Bloomberg reports that global business air traffic fell 0.4 percent in June...
Risk managers come clean
in Sox First, on August 11, 2008
... bundles of risky debt, including mortgages, bonds backed by some of the riskiest home loans in the subprime market, credit card debt, loans to private equity, all parcelled up into neat little sectio...
Subprime + volatility = litigation
in Sox First, on July 30, 2008
...
It's clear that the subprime debacle has resulted in an outpouring of litigation. The trend was fairly obvious just months ago when I looked at the issue here . Now, the trned seems to be ga...
Merrill Lynch's day of reckoning
in Sox First, on July 29, 2008
...hrough a public share offering. That's after revealing another $5.7 billion in write-downs on subprime mortgages. Significantly, Merrill Lynch's total writedowns are now put at close to $4...
GM staves off bankruptcy
in Sox First, on July 16, 2008
... is the problem with GM? One way of looking at it is to say that high oil prices, combined with the subprime debacle, has stopped people buying its cars. But Toyota has responded quickly to a fall of...
Fannie Mae and Freddie Mac fallout - the questions continue
in Sox First, on July 15, 2008
The bailout of Fannie Mae and Freddie Max continue to raise questions. The US government's plan to rescue Fannie Mae and Freddie Mac got the initial tick. The big investors supported a $US3 billion short term debt issue from Freddie Mac. But then things turned pear-shaped. Investors, worr...
Subprime's hot spinoff: arson
in Sox First, on July 7, 2008
Another sign of desperate times! Expect a record number of arson incidents with the growing number of mortgage defaults, reports Bloomberg . Still, you would have to ask why people would do it when, as the policy holder, you would be the first suspect on the list. People do dumb things ...
Moody's subprime error bug
in Sox First, on July 4, 2008
Ratings agency Moody's has admitted that it incorrectly graded several European mortgage debt instruments because of a computer bug. The agency admits that it incorrectly gave its highest AAA rating to about $1bn worth of European "constant proportion debt obligations" (whi...
Siemens charges
in Sox First, on July 3, 2008
...massive political upheaval in Greece. Just another sign that when companies are caught bribing, the fallout is extensive and doesn't just stop at the doors of the business. Meanwhile, a Si...
Prolifique Designer Jewelry
in The Jewelry Weblog, on July 2, 2008
...1945, an atomic bomb was dropped on Hiroshima, and Sadako and her family were exposed to the fallout at their home in Kusunoki-cho, about 1.7 km from the bomb's hypocenter. The blast blew h...
How to Think Like Warren Buffett, Part 31
in The Personal Finance Weblog, on July 1, 2008
...e whole first 4 paragraphs of this letter are worth reproducing here, especially as pertains to the subprime crisis that so many people are still feeling the effects of:
Our gain in net worth during ...
Google and Yahoo Together
in The Search Engine Weblog, on June 26, 2008
...SearchEngineWatch's Kevin Ryan has a great post on the fallout of the recently announced partnership between Yahoo and Google. The deal that is supposed to have spurned the takeover bid from Micro...
No SOX relief in sight
in Sox First, on June 24, 2008
...rnment sitting on its hands and doing nothing, reports Financial Week's Neil Roland . With the subprime crisis in full swing, and the US economy in deep strife, regulators are unlikely to start u...
Arrests everywhere
in Sox First, on June 20, 2008
...is in some emails. These included some correspondence that had Tannin telling Cioffi that the "subprime market looks pretty damn ugly'' and could be "toast'' and another wher...
Lawsuits come in
in Sox First, on June 18, 2008
...laiming Deutsche Bank fraudulently sold M&T high-risk collateralized debt obligations linked to subprime loans. M&T has accused Deutsche Bank of intentionally withholding material infor...
Bear Stearns pair to face charges?
in Sox First, on June 17, 2008
...d Matthew tannin , now face the prospect of criminal charges, reports Bloomberg . Given the fallout from the battering the investment bank received in the spring after bad bets on high-risk mo...
FBI steps up on mortgage fraud
in Sox First, on June 13, 2008
...berg reporting that the FBI has pulled agents off financial crimes cases so that they can focus on subprime. Clearly, this problem is getting bigger than anyone expected....
Beware of "Surgery Today, Pay Later"
in The Personal Finance Weblog, on June 11, 2008
...ers get a portion of the practitioner's fee.
Consumer Reports calls the practice "akin to subprime mortgages," saying that some patients are pressured into risky financing plans by the ...
