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Results for subprime woes. Search took 0.13 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...
Madoff's jail survival guide
in Sox First, on June 26, 2009
...olent inmates. Chances are he will be targeted by prisoners with family members suffering financial woes. Many will blame him for their problems. On the other hand, others might turn to him for stock ...
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....
Recession and marriage
in Sox First, on June 12, 2009
...at 4% of Americans will postpone (for that matter, 11% are postponing marriage) because of economic woes. Writing in the New York Times , John Hopkins University sociology professor Andrew J. Cherli...
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...
GM's bad ad
in Sox First, on June 2, 2009
...only chapter we are focused on is chapter one," the company says. Given that some of GM's woes came from its refusal to make cleaner cars, the environmental imagery is hard to take. What'...
Blame the recession on Reagan: Paul Krugman
in Sox First, on June 1, 2009
...scinating comments from Nobel Prize winning economist Paul Krugman blaming America's economic woes on Ronald Reagan. Basically, Krugman says deregulation, the piling up of debt and the scrapping...
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...
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...
New Search Tool Aims at Answering Tough Queries, but Not at Taking on Google
in Wangtam, on May 12, 2009
...te. Still Sucks.
• Google News Gets An Update. Still Sucks.
• More ways to see the story
• Facebook to test payments system with developers "in a few weeks"
• 微软首次发债融资 总额37.5亿美元
• ...
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...
The key themes in the supply chain of tomorrow
in Supplychainer, on March 8, 2009
... (they are U.S. centric):
Tightened credit supply. "In another sign that Wall Street's woes are trickling toward Main Street, 'factors' - the companies that offer financing to ret...
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...
SaaS expected to grow through the downturn
in The CIO Weblog, on February 17, 2009
...t study from IDC forecasting a continued expansion in the SaaS market despite our overall economic woes.
This isn't just good news for SaaS investors and vendors, but also for customers and pote...
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...
Murdoch's woes a warning for the media
in Sox First, on February 6, 2009
Rupert Murdoch's News Corporation has reported a massive loss of $6.4 billion. Why the red ink? Because the company took $8.4 billion in write-downs on its intangible assets, mostly related to US television licences and newspapers. If you want, you can listen to them talking about it here...
Economic Hardships Cause Eastern Europeans To Stage Massive Protests
in Exclusive from our news room , on January 25, 2009
...n the capital city of Riga demanding early elections and a resolution to the country's economic woes.
Here are the details .
...
Wage Freezes Are Latest Tactic To Curb Worldwide Economic Woes
in Exclusive from our news room , on January 21, 2009
Businesses and governments across the globe are struggling to stay afloat and have been trying everything from layoffs to mergers with former competitors.
It was only a matter of time before the ordinary worker was asked to do his or her share to try to save the company and that time has come.
Som...
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...
Happy New Year Everyone!
in Daily Diabetic, on January 5, 2009
...ear readers, Happy New Year to each and everyone of you. I hope no one bumped into diabetes-realted woes during the holiday season.
Now that the new year is upon, let us strive to be more healthy and...
New York And Other States May Sell Off Assets To Pay Debts
in Exclusive from our news room , on December 28, 2008
...The Federal Government isn't the only government entity in the United States with budget woes.
Several weeks ago California Governor Arnold Schwarzenegger announced that he would request economic...
Christmas Being All But Ignored By European Shoppers
in Exclusive from our news room , on December 22, 2008
...giving for the overall drop in the European economy.
Read Reuter's report on how stock market woes have caused Europeans to put Christmas on the back burner his year .
...
Tis the Season - for Proposals
in White Lace Wedding, on December 19, 2008
...you're waiting on a proposal, you get it this holiday season. However, with the recent economic woes affecting so many people, industries and businesses, if you don't get that giant rock you&#...
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...
Fixing broken boards
in Sox First, on December 8, 2008
...st week, I did a blog entry condemning Robert Rubin's self serving claim that Citigroup's woes had absolutely nothing to do with its board directors. Not their fault at all, he said, especia...
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...
More woes for India-based outsourcing
in The CIO Weblog, on November 26, 2008
Not to minimize the very real human tragedy and other geo-political implications of the terror attacks currently paralyzing the Indian city of Mumbai, but the first technology related thought to cross my mind was, wow, this is a another unfortunate blow for India's off-shore outsourcing in a...
Cheap oil and global risk
in Sox First, on November 21, 2008
...oncerns that it might have a crude nuclear warhead in three to four years time. Iran's economic woes might push that regime over the edge. For a fuller analysis of the situation, read here . Th...
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...
The Siemens saga rolls on
in Sox First, on November 19, 2008
...nsible people. I didn't decide who got something and who didn't." Still, Siemens' woes is not affecting the company's performance on the market with Bloomberg reporting its sha...
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...
Economic Crisis May Lead to Increase in Scams
in I got Spam?!, on October 6, 2008
...ia has already been used as the subject of a phishing spam. In fact, as the country's financial woes began to deepen last month, the number of zombie computers sending spam rose a startling 101%! ...
America's China Addiction: Time to Kick It?
in China Venture News, on October 4, 2008
...the Financial Times article, David Piling, says that in a conversation about America's economic woes he asked a Chinese official recently if America hung itself "with Asian rope?" The Ch...
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...
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.
...
Smith adds to woes at Newcastle
in The Soccer Weblog, on September 19, 2008
Newcastle midfielder Alan Smith needs surgery on his foot after suffering a stress fracture. He could be out for up to three months and is unlikely to be back in contention before Christmas.
Twenty-seven year old Smith struggled to keep his place in the side last season and hadn't feat...
Hua An Fund Will Suffer From Lehman
in China Venture News, on September 16, 2008
Hua An Fund Management Co. warned today that it could suffer "potentially heavy losses" from bankruptcy of U.S. investment bank Lehman Brothers, according to the Industry Standard .
No numbers were given.
The Hua An Fund is a "qualified domestic institutional investor," or QDI...
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. "...
England's woes are not the fans fault
in The Soccer Weblog, on September 10, 2008
Why has Wembley suddenly become a nightmare venue for England?
For years Wembley was a fortress. The team played in front of flag waving fans in a serious show of patriotism. With the possible exception of Euro 1996, England often let down the fans but still they supported them.
Now, with th...
Defekte XBox360-Konsolen waren vorhersehbar
in Daily Gamer, on September 9, 2008
Der Autor des Buches " The Xbox 360 Uncloaked " Dean Takahashi behauptet in einem Artikel , dass die hohe Ausfallrate der Xbox 360 vorhersehbar war. microsoft hätte bei der Entwicklung viele Fehler gemacht. Dabei kommen erschreckende Fakten ans Licht: 68 von 100 Konsolen, die in China...
Hormone Replacement Therapy (HRT): Brings Better Quality of Life in Older Women?
in Straightfromthedoc, on August 25, 2008
... not have hot flushes and were well past menopause.
Could it (HRT) be the solution to women's woes in menopause and beyond? Read more about this latest findings on HRT .
In lieu of women's...
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...
Apple to Recall the iPhone 3G?
in The Wireless Weblog, on August 14, 2008
Photo courtesy of iStockphoto, Jon Schulte
The snazzy new iPhone 3G is driving early adopters crazy with severe network connection problems - and according to BusinessWeek's Peter Burrows , while the problem comes down to the iPhone's Infineon chip, the company is hoping to r...
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...
Sun moving to save its cloud?
in The CIO Weblog, on August 4, 2008
...degree of complexity that less rigorous minds shy away from.
Nonetheless, with Amazon's recent woes, it may be exactly the right time for Sun to make a move to up the exposure of their own cloud ...
Is this the end of GM?
in Sox First, on August 1, 2008
...
The woes of what was once America's once-greatest icon, General Motors, go from bad to worse with the company announcing a $15.5 billion second quarter loss. It creates a vicious circle for...
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...
AOL Woes Hit Bloggers
in BlogWealth, on July 28, 2008
Photo courtesy of iStockphoto, Tomislav Forgo An article in the Washington Post claims that AOL's latest cost cutting measures are hitting the bloggers that write for their popular Weblogs Inc network. Some blogs have been asked to reduce posting, a few have gone on hiatus and some blogge...
Offshore outsourcing in trouble?
in The CIO Weblog, on July 21, 2008
...my hasn't exactly been healthy in the US of late, it doesn't seem to me that the prophesied woes in IT budgets have materialized. I think that once upon a time, the combination of the expense ...
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...
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...
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 ...
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...
Fuel-Cell Car Woes - Buy DIESEL???
in carzz.org, on June 19, 2008
© Farther Along
Prices have to fall for Fuel-Cell to be accepted in a mass market. This was the statement by Honda Motor Co. Takeo Fukui in the WSJ yesterday. Unfortunately low-emission cars such as gas-electric hybrids and diesel vehicles just happen to be more popular.
WOE! Did I hear...
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...
