October 29, 2007 – 4:53 pm
In the U.K. a foreclosure is called a reposession. Market analysis shows U.K. mortgage issues mirroring trends in the United States, as home owners find it difficult to refinance. The Council of Mortgage Lenders said the global credit crunch was exacerbating trends that were already emerging in the housing market. It said it had already [...]
By Timothy Blake
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Posted in Archives, Economic Impact, International, Outside the U.S., Statistics
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Tagged Archives, Economic Impact, industry, International, Lenders, mortgage, Outside the U.S., Statistics
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October 29, 2007 – 10:20 am
Here is a quick list of major banks in the United States and the amount of subprime bad debt write-offs associated with each, shown from most to least:
By Timothy Blake
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Posted in Analysis, Archives, Investors, Lenders
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Tagged Analysis, Archives, bank, banks, HSBC, investor, Investors, Lenders, mortgage, SEC, subprime
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October 27, 2007 – 3:43 pm
UBS cut its pre-tax profit forecast for HSBC Finance, an HSBC unit previously known as Household International, by 1.2 billion US dollars, saying the unit’s third quarter 2007 results are “set to look bad”.
October 27, 2007 – 11:51 am
Subprime mortgage anxiety continued to spread on Thursday as a leading derivatives index hit a new low and fears grew that Merrill Lynch and other banks could be forced into even bigger asset writedowns. Those fears drove Merrill Lynch shares down 4 per cent to $60.90 as analysts suggested the bank might need to take [...]
October 27, 2007 – 11:10 am
In all phases of the mortgage industry this week your hear the mortgage blues, from the people who make the loans to the people who insure them, the news was bad — and most of them expect it to get worse. Title insurers say they could not cut costs fast enough in August and September [...]
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