Cheap mortgages

Cheap mortgages

(Money Magazine) -- Spend 27 years in Congress and you're bound to encounter more than one financial train wreck. But as Rep. Barney Frank, D-Mass., sees it, the meltdown in the U.S. housing market poses as much of a threat to the nation's economic ...

Housing: Frank talk from Barney Frank - CNN Money

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

As August draws to a close, it seems Wall Street is caught on an Escher staircase. Up one day. Down the next. Up and down. Up and down. But for all its perambulations the past two months, the market has gone essentially nowhere, with the Standard ...

Mean Street: A Bull in the Christmas Stocking? - Wall Street Journal

Aug. 27 (Bloomberg) -- Pacific Investment Management Co., the biggest manager of bond funds, is seeking as much as $5 billion to buy mortgage-backed debt that plunged in value after the subprime market collapsed, according to two investors with ...

Pimco Seeks as Much as $5 Billion for Distressed Debt (Update1) - Bloomberg

This post appeared earlier today on RealMoney . Click here for a free trial, and enjoy incisive commentary all day, every day. Get ahead of the story. That's what we want from someone -- anyone -- from the FDIC, the Treasury, the Federal Reserve ...

Cramer: Lazy Leaders Will Cripple Capitalism - Street.Com

One year after the credit crunch began, Fortune looks back at who saw trouble ahead, and who just ended up in trouble. NEW YORK (Fortune) -- Not every player in banking is getting clobbered these days. BNP Paribas, which sparked part of the very ...

How one bank avoided the meltdown - CNN Money

UK mortgage lending by the major banks levelled off in July but the amount borrowed for day-to-day spending slowed, new figures show. Mortgage lending rose by £4.3bn during July - the same amount as June, said the British Bankers' Association (BBA ...

UK mortgage lending 'levels off' - BBC News

TheStreet.com's Jim Cramer says this bank on the FDIC's problem list is big enough to matter. How much was made of the FDIC's "problem bank" list yesterday? Frankly, a little too much -- the list could be 200 banks long and be insignificant or it ...

Cramer on BloggingStocks: All eyes on BankUnited - Bloggingstocks.com

The Standard & Poor's/Case-Shiller nationwide housing index focuses on major metropolitan areas and includes expensive properties as well as cheaper ones. The S&P/Case-Shiller indexes use only purchase prices gathering information from county ...

Home prices in record tumble, but some find hints of recovery - USA Today

Homebuyers who want to get a cheap mortgage deal need a deposit of nearly £40,000, shocking research reveals today. The massive deposit needed to get a decent deal has nearly doubled over the last year, a sign of the crippling impact of the credit ...