Abbey planning push into higher-risk mortgages
Abbey is preparing a major push into riskier areas of mortgages and savings accounts, funding its plans from savings generated by a new wave of job cuts.
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Subprime Is Word Of The Year "It's affecting all kinds of people in all kinds of places." Even the American Dialect Society knows how risky home mortgages are these days. via The Huffington Post read
In New Orleans, Home Is Still Far Away Six months ago, a 200-foot-long barge careened over a collapsed levee during Hurricane Katrina, eventually coming to rest on the shattered remains of three houses in the Lower 9th Ward.read
Lavish Condo Project Struggles The struggle of 100 Eleventh Avenue, a glitzy condominium development on Manhattan's west side targeting well-heeled buyers, shows there's no such thing as a sure thing in the current wretched
Washington in a sweat over mortgage ills (The Arizona Republic) After a slow and stumbling start, Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year. There is a
Wells Fargo Discontinues Popular Subprime Mortgage (CBS 5 Bay Area) Wells Fargo & Co. has stopped offering a popular adjustable-rate mortgage designed for home buyers with troubled borrowing histories, becoming the latest lender to curtail its exposure to the subprime
Housing Market Readjusting to Normal Balance Housing Market Readjusting to Normal Balance -- A lower level of home sales expected this year will create a more level playing field for buyers and sellers on the heels