[News] IndyMac Files for Chapter 7 Bankruptcy

Author:  //  Category: Mortgage

The second largest mortgage lender in the United States, IndyMac has filed for bankruptcy protection less than three weeks after it was seized by federal regulators following a bank run by depositors.

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[News] IndyMac Files for Chapter 7 Bankruptcy

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Bad year for banks

Author:  //  Category: Mortgage

… 2007 and the fact that its retail and private banking divisions don’t hold any mortgage-backed securities from the U.S. subprime market. But of course Valiant is a relatively small exception — it’s bounced in …

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Bad year for banks

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Save money with PC power management

Author:  //  Category: Mortgage

… greenbacks, which is a welcome notion at , which suffered heavy losses in the subprime mortgage crash. The bank has cut its PC-related greenhouse gas emissions by 65 percent and …

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Save money with PC power management

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Recession fears as America sheds jobs

Author:  //  Category: Mortgage

… years”, helped by the Treasury’s rescue of mortgage giants Fannie Mae and Freddie Mac. Bill … mortgage crisis shows that 19.4pc of all sub-prime loans in Florida and 14pc in California …

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Recession fears as America sheds jobs

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Global crisis hits Deutsche Bank, as net profit falls 64 percent

Author:  //  Category: Mortgage

… July, it bet that investors would not recover from their initial panic over failing subprime mortgages. That mitigated its subprime-specific losses. “They must have acted pretty quickly when they saw …

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Global crisis hits Deutsche Bank, as net profit falls 64 percent

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Deutsche Bank writes down another $3.6 billion

Author:  //  Category: Mortgage

… July, it bet that investors would not recover from their initial panic over failing subprime mortgages. That mitigated its subprime-specific losses. “They must have acted pretty quickly when they saw …

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Deutsche Bank writes down another $3.6 billion

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Bad debt to rise in banking sector

Author:  //  Category: Mortgage

… to be manageable as the less risky mortgage loans and vehicle loan segments continue to … agency estimates the loss levels in the sub-prime segment comprising small-ticket personal loans and a …

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Bad debt to rise in banking sector

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Prudential insists there is no Asian slowdown

Author:  //  Category: Mortgage

… on its 19bn bond portfolio to reflect expected defaults mainly on bonds backed by mortgages ranked between prime and subprime. In the UK, sales rose 18 per cent to 430m on an annual premium …

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Prudential insists there is no Asian slowdown

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Deutsche profit falls on credit woes

Author:  //  Category: Mortgage

… billion of credit crunch-related markdowns included residential mortgage-backed securities, bond insurers, commercial real estate and … mean that the collapse of the US sub-prime mortgage market has led to $US476 billion …

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Deutsche profit falls on credit woes

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Study: Most subprime loans didn’t go to low-income borrowers

Author:  //  Category: Mortgage

… accounted for more than two-thirds of high-rate mortgages issued in 2006, according to a new … of 2004 to 2006, whites had more subprime rate loans than all minorities combined. The …

Study: Most subprime loans didn’t go to low-income borrowers

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