For months, mortgage lenders have been backing away from borrowers with spotty credit, all but closing down the so-called subprime mortgage market.
More surprisingly, they've also been increasingly loath to lend to high-end borrowers who might ...
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Jumbo mortgages, subprime April 19th, 2008
Kent and Mysti Cope were well-paid executives at subprime lenders who never thought the industry could disappear overnight. Now they're just trying to get by.
SAN CLEMENTE, Calif. (CNNMoney.com) -- Kent and Mysti Cope met and ...
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A huge pyramid of debt was made possible by thirty years of relentless deregulation of financial markets.
For more than a decade, we Americans have been living on an economic San Andreas fault -- a foundation ...
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A year ago Irvine, Calif., was still riding high on the subprime boom; then almost overnight the industry and more than 4,000 good paying jobs vanished.
The former headquarters of New Century Financial in Irvine, Calif., ...
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NEW YORK -- Goldman Sachs Group Inc. plans to shed up to 15% of its work force, from its capital markets division and related support staff, the New York Post said on Friday.
Citing sources familiar ...
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Video: Subprime messHow did we get in such a real estate mess?WATCH VIDEO
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Quotes of the Day
"It is a serious extension of putting the Federal Reserve's balance sheet in harm's way. That's got to tell you the economy is in a pretty precarious state.'' - Vincent Reinhart, former ...
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OTTAWA - With the subprime contagion spreading around the world, Canadians who hoped their homes would be immune from the carnage are wrong.
The disease is here and coming soon to your neighbourhood, says financial author ...
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Non-prime home lenders hit by trouble securing financing; new opportunities for big banks
The effects of the U.S. subprime crisis are showing up on the fringe of the Canadian mortgage business, even though mainstream lending and ...
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Subprime Fallout
The Next Shoe To Drop In Housing. "The credit crunch has finally hit the traditional mortgage market. Investors are now shunning mortgage-backed securities issued by government sponsored enterprises Fannie Mae (FNM) and Freddie Mac ...
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