Home Refinancing - Defaults Crack Countrywide
Defaults Crack Countrywide
Street.Com - Countrywide also had a $293 million provision for added loan losses on its held-for-investment loan portfolio. The company said $181 million of the provision was for prime home equity loans in its banking business. On the bright side, the Calabasas
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Marketwatch - The market remains focused on current events, rather than looking in the rear-view mirror,” said analysts at research firm Action Economics. “The dollar’s fate will remain in the hands of the credit and equity markets, where the yen’s reaction will
GLOBAL MARKETS-US GDP data drags stocks out of deep losses
Reuters - deteriorating credit markets which could curb future corporate activity as fallout from the riskier end of the U.S. home loan MSCI main world equity index (.MIWD00000PUS: Quote , Profile , Research ) fell more than 1 percent to a six-week low before
Mortgage applications fall to lowest in 5 months
Chicago Tribune - The company reduced its 2007 forecast as a growing number of consumers fell behind on home-equity loan payments. “We are experiencing home price depreciation almost like never before, with the exception of the Great Depression,” said Angelo Mozilo
Anatomy of a credit crunch
The Independent - couple in Kansas find they over-reached themselves with that $200,000 mortgage on a new home of Alliance Boots, owner of the chain of high-street chemists, is the biggest private equity deal ever in the UK. KKR is paying cash, using a bridging loan