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Senator says regulators accountable on subprime
U.S. Senate Banking Committee Chairman Christopher Dodd said on Wednesday regulators bear some responsibility for problems in the subprime mortgage sector and he plans to call them before the committee for questioning.
Source: news.yahoo.com
Double Dose Of Bad News Hits Wall Street
Mortgage and shopping blues combine to push stocks lower.
Source: www.forbes.com
Foreclosures, late mortgage payments increasing
A record number of homeowners entered foreclosure at the end of last year and more are making late mortgage payments, especially those with high-risk, sub-prime and government-financed loans, according to a quarterly survey released today by the Mortgage Bankers Association.
Source: www.latimes.com
Problems deepen in subprime market
Foreclosures rising as industry continues to seek out answers The news in the subprime mortgage market got grimmer Tuesday, helping to drive the stock market down more than 240 points and raising concern the problems could be more widespread than first believed.
Source: www.chicagotribune.com
Asian ETFs To Open Lower; Markets Fear U.S. Mortgage Bust
Tom Lydon submits: Asian shares dropped on Wednesday, paralleling big losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending that spooked investors nursing losses from a sharp sell-off two weeks ago.
Source: biz.yahoo.com
Overblown Fears In Subprime Land
Barely 1% of mortgage bonds are even in jeopardy.
Source: www.forbes.com
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