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Topic: Subprime Lending
 | Source: Reuters
Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market.
Thursday, 2 Jul 2009 | Source: Reuters
US housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010.
Thursday, 2 Jul 2009 | Source: Reuters
Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
Thursday, 2 Jul 2009 | Source: Reuters
GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the public.
Wednesday, 1 Jul 2009 | Source: CNBC.com
Homeowners taking part in the Obama administration's housing rescue program through Fannie Mae and Freddie Mac will now be eligible even if their loan-to-value ratio is up to 125%. That means they can have up to 25% negative equity and still get a refinance.  
Wednesday, 1 Jul 2009 | Source: The Associated Press
Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
Wednesday, 1 Jul 2009 | Source: Reuters
U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.
Tuesday, 30 Jun 2009 | Source: Reuters
Prices single-family homes declined in April from the prior month, but the pace moderated, suggesting stability is emerging in some regions.
Tuesday, 30 Jun 2009 | Source: Reuters
Defaults on privately insured U.S. mortgages rose in May following three months of declines, and the number brought up to date fell, providing new evidence that the nation's housing market is still deteriorating.
Monday, 29 Jun 2009 | Source: Reuters
The annual fall in house prices in England and Wales slowed for a third successive month in June after rising demand outpaced the supply of homes for sale, property data company Hometrack said in its monthly survey on Monday.
Friday, 26 Jun 2009 | Posted By: Jeff Cox | Source: CNBC.com
"We're dealing with a problem that probably took us eight years to get into and expecting to get out of it in eight minutes, and it's just not going to happen," one expert says.
Thursday, 25 Jun 2009 | Posted By: Jeff Cox | Source: CNBC.com
Short sales, which have taken off in the past year, have become a way out for some Americans in trouble with their mortgage.  But it already is running into problems.
Thursday, 25 Jun 2009 | Source: Reuters
Home buyers have lost their enthusiasm for the sprawling houses that cropped up across U.S. suburbs over the past decade. Having learned that property values can go down as well as up, they are flocking to smaller homes.
Wednesday, 24 Jun 2009 | Source: Reuters
Standard & Poor's on Wednesday cut its ratings on Ambac Financial Group and its bond insurance arm, saying the insurer has "negligible" prospects for writing new business.
Wednesday, 24 Jun 2009 | Source: Reuters
U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating.
Next
Posts |  TOPIC : Subprime Lending
2 Jul 2009
Government officials claim the refi plan has been extremely successful, far moreso, they admit, than the modification program... Read More
13 Apr 2009
"It's still scary out there." That's what billionaire Jeff Greene told me as we sat inside one of his Southern California mansions... Read More
23 Mar 2009
NBC’s Chris Hansen speaks to a whistleblower with a front-row seat to the mortgage meltdown... Read More
19 Mar 2009
As I covered President Obama's town hall in Orange County, I noticed he spent quite a bit of time trying to explain how we got into this credit mess.... Read More


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