Mortgage Information

… more bonds. “What we’re being asked again is to double-down and basically take a subprime mortgage with no new revenue,” said Sen. Chris Romer, D-Denver. “We have to have a …

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Colorado lawmakers look at drastic budget cuts

… more bonds. “What we’re being asked again is to double-down and basically take a subprime mortgage with no new revenue,” said Sen. Chris Romer, D-Denver. “We have to have a …

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Colorado legislators seek to cut $600 million from budget, hope to jump - start the economy

… more bonds. “What we’re being asked again is to double-down and basically take a subprime mortgage with no new revenue,” said . “We have to have a payment plan.” The …

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Colo. lawmakers look at drastic budget cuts

… consumer activity. The worst financial crisis in decades began with fallout from the U.S. subprime mortgage market that catered to risky borrowers and then expanded around the world, wiping out …

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UPDATE 2-Moody’s sees severe recession, rising defaults

… The problem supposedly began with the US sub-prime mortgage crisis, whereby American banks increasingly granted mortgages … As more people with lower incomes obtained subprime mortgages, increasing volumes of bad debt were …

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The End of Capitalism? - Not quite, but nearly…

… Japan’s economy will contract 0.5 percent, pressured by weak consumer activity. McDaniel said the subprime mortgage-backed securities, asset-backed securities, and collateralized debt obligations markets were gone, while the future of …

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UPDATE 1-Moody’s sees severe recession; default rates up

… slip-ups by one particular company or industry. After all, did you predict that the subprime mortgage bubble would take down ? And if you happened to get that one right, …

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It’s Time to Play Roulette

… with the all-too-common moral condemnation of the millions of Americans who signed up for subprime mortgages. Tsk, tsk, those poor people–they should have known a house was beyond their means, …

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The Dupes of Madoff: Too Small-Minded to Fail?

… companies to the city. And Boston’s financial sector wasn’t hit as hard by the subprime mortgage crisis as New York’s. The city lost about 900 financial industry jobs; New York …

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Ten Cities For Job Growth In 2009

… in the U.S., due to the fact there is less prevalence in Canada of subprime or otherwise risky mortgages. Forecast average housing prices for 2009 (% change from 2008) …

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Housing market decline not over: Royal LePage