Subprime Lending
Latest Posts
In the Crosshairs: Downey Financial
Dec 14, 2007Downey Financial Corp. released its latest financial update today, and the results weren’t pretty: non-performing assets increased 20 percent, or $105.4 million, in just one month between October and November, according to a filing with the Securities and Exchange Commission. NPLs now represent 3.65 percent of total assets, up from a mere 0.55 percent one year ago.
-
Countrywide Sees Production Drop 40 Percent in November; Delinquencies Jump
Dec 13, 2007 -
House Judiciary to Consider ‘Compromise’ on Mortgage Bankruptcy Reform
Dec 11, 2007 -
WaMu Stunner: Slashes Dividend, Will Lay Off 3,150 Amid Worsening Housing Conditions
Dec 10, 2007 -
UBS Acknowledges Additional $10 Billion in Subprime-Related Writedowns
Dec 10, 2007 -
Delta Financial Heads for Bankruptcy
Dec 06, 2007 -
Foreclosure Starts Reach Record Highs During Third Quarter
Dec 06, 2007 -
It’s Official: Bush Announces Subprime ARM Freeze
Dec 06, 2007
