A bad credit mortgages

A bad credit mortgages

WASHINGTON -- U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and ...

US thrifts' lost $5.4B in 2Q, second largest ever - Washington Post

NEW YORK -- Merrill Lynch sent an important message last month to its Wall Street brethren when it sold off a massive portfolio of securities badly damaged by the subprime mortgage meltdown: Someone was still willing to buy them. Shareholders and ...

After Merrill's Sale of Bad Debt, Few Follow - Washington Post

WASHINGTON -- U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans, the U.S. Office of Thrift Supervision said Wednesday. The data show that federally insured savings ...

U.S. thrifts $5.4 billion in red - Seattle Post Intelligencer

They also had the credit record to meet lenders' standards. But they couldn't land an actual loan. ''Almost all of them want 20 percent,'' said Gladys Castillo, an administrative assistant, speaking of lenders they had approached.

Would-be home buyers find mortgages are out of reach - Miami Herald

Here's some "big picture" numbers on the state of the world's financial system. According to ING, the total value of assets written down by Planet Earth's big banks is $502bn. The total value of capital raised by the same: $351bn. That deficit, of ...

Sean O'Grady: Credit crunch: 'It's just the end of the beginning' - The Independent

Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is ...

Fannie Mae shakes up management team - Forbes

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and loan ...

U.S. thrifts 2Q loss of $5.4 billion is second largest ever - St. Louis Post-Dispatch

Aug. 28 (Bloomberg) -- Spain's economy, brought to the brink of a recession by surging global credit costs, may find money even harder to come by when the European Central Bank tightens its lending practices. Spain's banks have stored up 89 billion ...

Spain May Suffer From ECB Lending Curbs as Expansion Falters - Bloomberg

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and loan ...

US thrifts' lost $5.4B in 2Q, second largest ever - Forbes

The mortgage mess that has upended millions of homeowners’ finances is now taking a bigger bite out of the nation’s banking system. And while depositors with insured accounts face little risk of losing their money, the insurance fund’s top ...