Mortgage and Financial News From 2007-9-21 Page 19

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  • Credit crisis has created “significant market stress”: Bernanke

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas Europe Asia-Pacific Africa-Mideast Report on ... Some overstretched homeowners can't afford to refinance or even sell their homes. Addressing the larger issue of bad lending ...
    2007-09-20 03:45:00

  • For subprime borrowers, there's no lifeline in sight

    Seattle Times - If Murray were to apply for an FHA-insured refinance, he'd be out of luck. The value of his home has declined from the $265,000 he owes on two mortgages, and his equity has vanished, so he would have to write a check of at least $45,000 to refinance ...
    2007-09-21 12:49:00

  • Family Recieves New Home (KFOX 14 El Paso)

    A new home for a needy family brought out many volunteers to Horizon City Thursday. Slideshow: Habitat For Humanity
    2007-09-20 06:07:27

  • Home debt rescue proposed (Wisconsin State Journal)

    WASHINGTON -- President Bush acknowledged "some unsettling times " in the country 's troubled housing and credit markets, while Federal Reserve Chairman Ben Bernanke offered fresh assurances steps would be taken to curb the fallout. The housing slump, the worst in 16 years, is likely to drag on well into 2008, when the nation will be voting for a new president. Home foreclosures -- now at record ...
    2007-09-20 10:33:53

  • Mortgage defaults will rise, Fed chief says

    Ottawa Citizen - Bernanke, discussing the high-risk subprime mortgage debt that triggered the global credit squeeze, said the Fed was committed to preventing new ... Central banks should not save investors from bad decisions, he said. "Taking the easy option, giving in ...
    2007-09-21 01:04:00

  • Britain lends lessons in credit crunch

    Christian Science Monitor - ... stock after narrowly averting the collapse this week of its fifth-largest mortgage ... Others note that the credit crisis is buffeting the German banking sector, while ... reluctant to lend to each other is because no one knows where this bad ...
    2007-09-20 12:32:00

  • Investment banks take billions of dollars in writedowns for bad bets ...

    CNBC - Investment banks take billions of dollars in writedowns for bad bets in third quarter ... Brothers Holdings Inc. and Bear Stearns Cos. _ didn't fare as well during a fiscal third quarter rocked by credit- and mortgage ...
    2007-09-20 12:54:00

  • Fed chief pledges aid with credit crunch fallout

    St. Louis Post-Dispatch - ... Bernanke told Congress on Thursday that the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage ... will take steps to crack down on abusive or bad ...
    2007-09-21 01:18:00

  • Credit Crunch Rattled Wall St. Powerhouses

    Washington Post - Wall Street's most important investment banks amassed about $5 billion in losses from bad loans in three months due to the credit ... none did worse than Bear Stearns, which had the most exposure to problems in the credit markets and the mortgage ...
    2007-09-20 09:00:00

  • CRISIS IN HAND, BEN & HANK TESTIFY

    New York Post - ... Ben Bernanke told Congress yesterday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess ... take measures to crack down on abusive or bad ...
    2007-09-21 01:11:00

  • Answers sought in subprime-mortgage crisis

    Philadelphia Daily News - ... June, two hedge funds at Bear Stearns Cos. nearly collapsed after making bad bets in CDOs, especially those that include subprime loans made to borrowers with tarnished credit. _ Major Wall Street investment banks and their vulnerability to mortgage ...
    2007-09-20 11:59:00

  • Fed chair tries to ease concerns over credit crisis (Toronto Star)

    WASHINGTON–U.S. Federal Reserve chair Ben Bernanke told U.S. Congress yesterday the credit crisis has created "significant market stress" and offered fresh assurances regulators would take steps to curb fallout related to the mortgage mess.
    2007-09-21 01:44:41

  • Fed chairman offers Congress assurances on mortgage crisis (Atlanta Journal-Constitution)

    WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. Bernanke made the statement in testimony before the House Financial Services Committee. It came just two days after the Federal Reserve sliced a key ...
    2007-09-20 12:08:32

  • Fed will help curb mortgage fallout (Minneapolis-St. Paul Star Tribune)

    WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress on Thursday that the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. Bernanke made the statement in testimony before the House Financial Services Committee. He spoke just two days after the Federal Reserve sliced a key ...
    2007-09-20 07:43:03

  • Credit Crunch Rattled Wall St. Powerhouses (Washington Post)

    Wall Street's most important investment banks amassed about $5 billion in losses from bad loans in three months due to the credit crunch that has been squeezing the financial system.
    2007-09-20 09:30:16

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