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Subprime mortgages News

Former Wall Street broker arrested in Spain

Julian Tzolov, a former Credit Suisse Group AG broker, who faces charges of security fraud and bail jumping for illegally selling subprime mortgages, has been arrested in Spain following an international manhunt.

In the Media by Alethea Borgman - 1 comment

Economist Gives Simple, 3% Solution for U.S. Money Woes

Dr. Loudatt is a down-to-earth, Ph.D economist who can explain money issues simply. He says a 3% plan could work and get the country going.

In the Media by Carol Forsloff - 5 comments

Possible run on hedge funds- investors want out

This could get nasty. Hedge fund investors are bailing out of the market, spooked by the subprime situation. August 15 is the last date for notification to withdraw for the September quarter.

In the Media by Paul Wallis - 5 comments

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Mortgage market tiptoes toward subprime

As the big banks get choosier about who they'll lend money to in this hot housing market, people with questionable credit are benefiting from Canada's once-small but now booming subprime mortgage industry.

'Failed' Housing Programs: How Rental Market Will Benefit?

Federal efforts to help struggling homeowners are not working, and instead it’s the owners of rental properties who are benefiting, said Gary Shilling, one of the economists who predicted the subprime mortgage crisis. Shilling is forecasting that rentals will continue to provide “attractive returns” for years...

UK mortgage outlook 'uncertain'

The state of the UK mortgage market in the coming year is "difficult to call", according to the Council of Mortgage Lenders.

Mortgage lending 'up in February'

UK mortgage lending picked up in February, according to the latest figures from the Council of Mortgage Lenders.

Fix or twist decision on mortgages

The mortgage decision facing at least a million households