bad credit: damm .. i should shorted new century !! - 05/25/07 04:22 AM
New Century Financial, the largest U.S. subprime lender in bankruptcy, said on Thursday it probably inflated 2005 earnings because of accounting errors, a disclosure that might add fuel to federal criminal and regulatory examinations into the company. The errors concerned losses on repurchased loans, and how New Century valued other mortgage-related assets, … (2 comments)
bad credit: freddie mac is here to save the home owners ! - 04/26/07 02:07 PM
Freddie Mac said it would provide backing for up to $20 billion in new mortgages to aid distressed subprime borrowers. The offer was aimed at assisting borrowers who would normally qualify for fixed-rate loans, and assures lenders that there will be financing available if they shift borrowers from high-risk subprime loans … (0 comments)
bad credit: immigrant's are part of the american dream (legal or illegal) - 04/26/07 02:05 PM
Roughly one million illegal immigrants are thought to live in Los Angeles County, but the Urban Institute estimates that this number is declining. There are two reasons for this change. The first is that many illegal immigrants now avoid Los Angeles, and instead head to Midwestern and southern states such as … (2 comments)
bad credit: mortgage turmoil - 03/30/07 01:32 PM
Federal Reserve Chairman Ben S. Bernanke few weeks ago blamed loose lending for the recent turmoil in the mortgage market and told Congress that "it's worth looking at" the idea of creating a law against certain lending practices. Is fit a sign that the congress would bail out the family's who are … (0 comments)
bad credit: housing job sector collapse - 03/23/07 03:16 AM
The housing boom beneficiary sectors are exerting a greater and greater drag on overall job growth, but employment outside of those sectors has been healthy enough to shake it off. The construction, retail, and finance/real estate sectors... have collectively shrunk 2.7% since January 2006. Over the past year, the construction … (0 comments)
bad credit: sub prime stock's are up >? - 03/16/07 05:45 PM
With the meltdown at an all time high, stock like Accredited, Fremont, and New Century has been up over 50% percent for the past two days. Courtesy of Credit Suisse literrally bailing them out of debt, they have bought their notes in a big discount, bringing their stocks 100% within the … (0 comments)
bad credit: sub prime might be removing the 100% financing all together - 03/14/07 01:59 AM
Lax underwriting standards made 2006 perhaps the worst year ever for mortgage credit quality. Subprime lenders are already getting crushed - but the impact rising mortgage delinquencies will have on home prices overall is still an open question. Foreclosure in the market would again bring back to the woe's of the … (0 comments)
bad credit: A big merge could save the ailling sub prime market - 03/05/07 12:35 AM
Subprime companies that specialize in B & C paper loans have suffered as housing prices stopped rising and interest rates climbed from record lows. A credit crunch in the market for low-end mortgages has left companies specializing in these subprime loans at the mercy of big banks like Merrill Lynch & Co. Goldman … (0 comments)
bad credit: Nervousness: sub prime in real trouble - 03/04/07 11:46 PM
Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that borrowers of adjustable-rate mortgages may not understand the risks associated with them. Overall, many market watchers are blaming the complacency that had seeped into markets over the past year, and especially the U.S. market's uninterrupted run higher … (0 comments)
bad credit: dO i StIlL NeEd HeLp In PoStInG ~ hElP mE eXpErT ! - 12/02/06 08:05 AM
Need Help With A FORCLOSURE??I have been working with the real estate investor who has studied the foreclosure process. We are familiar with the procedure and understand the many ways in which owners can halt the foreclosure and perhaps save their property and equity. It is in our practice to contact owners who … (1 comments)
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New Century Financial, the largest U.S. subprime lender in bankruptcy, said on Thursday it probably inflated 
