June 30 (Bloomberg) — The following companies are having unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 2:40 p.m. in New York. Mortgage insurers tumbled after a trade group said newly delinquent Read More
Crunching the numbers on college costs has been a […]

US ABS issuance tumbles 81 pct to $123.6 bln in H1Reuters - 1 hour agoHome equity ABS credit performance remains poor, with delinquencies of 60 days or more on subprime mortgage loans closing in on 40 percent for 2006 and at …US ABS issuance tumbles to $123.6 bln in H1 2008 Reuters Indiaall 6 news articles

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Manage your debt to avoid costly mistakesPress-Register - al.com, AL - 2 hours agoYou can also take out a home equity loan, which usually features a low rate as well as tax advantages, because you can deduct the interest on a qualifying …

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Know which part of your debt you can eliminateCherry Hill Courier Post, NJ - Jun […]

BusinessWeek

A Smart Idea SpoiledBusinessWeek - Jun 27, 2008I have always contended that such exotic loans are inherently more dangerous. If you don't fix the second mortgages, including home equity loans and …

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Real estate market threatening Georgia banksAtlanta Journal Constitution,  USA - 12 hours ago… with a cease-and-desist order related to problem loans and operations. Also […]

When Congress started fashioning a sweeping rescue package for struggling homeowners earlier this year, 2.6 million loans were in trouble. But the problem has grown considerably in just six months and is worsening. More than 3 million borrowers are Read More
numbers on college costs has been a particularly grim task for […]

Economist

A credit downturn should be familiar territory for banks. Think againEconomist, UK - Jun 26, 2008Unlike subprime mortgages, which were sold on to other unfortunates, banks tended to keep home-equity loans on their books. And to get at the collateral, …South Africa: Model for a Crisis - the Risky Tricks of Hoodoo Banking AllAfrica.comall 4 news articles

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Resize Text LOS ANGELES — Countrywide Financial Corp. is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they didn’t fully understand, in a lawsuit filed Wednesday by the Read More
The Senate decided Thursday that Palm Desert and other California cities […]

NEW YORK, June 27 (Reuters) - Standard & Poor’s on Friday cut its ratings on a number of securities backed by home equity lines of credit issued by Countrywide Home Loans, the mortgage unit of Countrywide Financial Group. Thirty six classes of a Read More
Avoiding costly money mistakes is one of […]

This earnings season could be brutal for U.S. banks, the continuation of a banking crisis that could last for years. That’s the implication of a new report from Merrill Lynch ( MER ) analysts, who say large regional banks could see 2008 and 2009 Read More
LOS ANGELES — Countrywide Financial Corp. […]

The BBA says the drop is the biggest since 1997 and indicates the downturn in the housing market is getting worse. The figures come as lenders tighten their mortgage criteria in the wake of the credit crunch. BBA director of statistics David Dooks Read More
SOUTHBRIDGE— Hyde Tools, a maker of hand […]