Adjustable-Rate Mortgage
Latest Posts
HSBC Facing Subprime Trouble; Impairment Charges to Jump 20 Percent
Feb 08, 2007Ahead of its 2006 earnings release, HSBC Holdings Plc said late Wednesday that 2006 loan impairment levels at Europe’s largest bank will exceed analyst expectations by more than 20 percent due to troubles in its U.S. mortgage business. Analysts had generally expected HSBC to report loan impairment charges and other credit risk provisions of $8.8 billion; the bank cited rapidly-increasing delinquencies and foreclosures in its U.S. mortgage banking operations as the culprit behind increasing losses. HSBC acquired Household International Inc., primarily a subprime mortgage banking originator and servicer, in 2003 as part of a deal worth $15.5 billion.
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Mortgage Rates Continue to Climb, Reach 3-Month High
Feb 01, 2007 -
Rates Continue Upward Climb; Reach 10-week High
Jan 18, 2007 -
Apps increase; ARM share continues to fall
Jan 10, 2007 -
Mortgage Rates Reach Seven-Week High
Jan 04, 2007 -
ARM Share Declines During 2006, Teaser Discounts Highest in Eight Years
Jan 03, 2007 -
Mortgage Apps Rebound; Refinancing Activity Still Slow
Jan 03, 2007 -
Consumer Spending Drives Up Mortgage Rates
Dec 28, 2006 -
Fed Updates Handbook on Adjustable Rate Mortgages, Warns of New Risks
Dec 27, 2006 -
Mortgage Apps Tumble, Drop 14 Percent
Dec 27, 2006 -
Mortgage Rates Climb for Second Consecutive Week
Dec 21, 2006
