Mortgage crisis squeezes families’ budgets as they struggle to balance survival needs (The Muskegon Chronicle)
In April, Janet Misner was five months behind on her mortgage and just days from foreclosure.
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Home Foreclosures Hit Fresh High And May Continue to Increase Borrowers are having more trouble meeting payments as house prices flatten or decline and loans reset to sharply higher rates. read more...
Limited fallout seen in mortgage mess (San Diego Union-Tribune) The Federal Reserve does not foresee a broader economic impact from the growing number of mortgage defaults and home foreclosures, its chairman said yesterday. And he cautioned that heavy-handed regulation
What's in Capital One's wallet? Hibernia Capital One Financial Corp., the credit card giant, has always been something of a laboratory experiment.read more...
Bear Stearns Is Told by FTC to Provide Data for Mortgage Probe (Bloomberg.com) Dec. 30 (Bloomberg) -- Bear Stearns Cos., the fifth-largest U.S. securities firm, was told by the U.S. Federal Trade Commission to provide data and documents in connection with an investigation
China's Banks Duck Credit Crisis, Mostly Major Chinese lenders Industrial & Commercial Bank of China and Bank of China posted record profits in 2007, as gains in interest income and fee-based businesses offset losses from
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