Subprime lender says it cannot pay off creditors New Century Financial Corp., the nation's second-biggest subprime lender, said Monday it doesn't have the cash to pay creditors who are demanding their money, increasing speculation that the company will
Stocks retreat as oil nears $68 Inflation concerns dominated Wall Street Thursday, with stocks sliding as crude prices marched toward $68 per barrel and jobless claims fell.read more...
Advice isn't the same for everyone QUESTION: I'm a 42-year-old single woman, and I have been unemployed from full-time work since March 2004.read more...
U.K. October Mortgage Approvals Reach 17-Month High (Update3) (Bloomberg.com) Nov. 29 (Bloomberg) -- Home-loan approvals by U.K. mortgage lenders reached the highest in almost a year and a half in October, suggesting a pickup in the $6 trillion property
Rates on 30-Year Mortgages Unchanged Rates on 30-year mortgages were unchanged in the first week of the new year after posting three consecutive increases to close out 2006.Commentread more...
Carlyle Cuts Mortgage Fund IPO After Subprime Slump (Update3) (Bloomberg.com) June 28 (Bloomberg) -- Carlyle Group, the private-equity firm that oversees $59 billion of investments, cut the initial public offering of a mortgage bond fund as the fallout spreads from
To get ahead, they signed onto loans with unreasonably high interest rates. These loans are known as “subprime loans.” Often, borrowers don’t understand the terms of these loans, says Tiff Worley, president of …
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