Search results for subprime
WASHINGTON–Federal Reserve Board chair Ben Bernanke says the United States economy has emerged from its weak spell, but growth for the year will be l
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Chennai, Aug. 25: Sub-prime sob stories continue to pour in. There are gloomy forecasts that the mortgage crisis, which has already seen dramatic ban
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The private sector will find ways to structure debt arrangements that will ensure that most US homeowners facing big increases in their mortgage paym
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WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of inte
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Merrill Lynch & Co., the world’s largest brokerage firm, reported a net third-quarter loss of $2.4 billion Wednesday and acknowledged writing off $8.
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Upscale U.S. home builder Hovnanian Enterprises said Tuesday fourth-quarter net contracts and home deliveries fell, while cancellations rose amid the
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Morgan Stanley, its stock buffeted in recent days by speculation of high credit losses, said yesterday that it would take a $3.7 billion charge for n
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Morgan Stanley on Wednesday said it has suffered a $3.7 billion loss stemming from its U.S. subprime mortgage exposure, which it expects will reduce
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Merrill Lynch said its total exposure to risky collateralized debt obligations and subprime mortgages is $27.2 billion, or about $6.3 billion more th
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Subprime loans, my foot! That subprime fiasco, which is likely to mount losses between one-half and one trillion dollars, is just a small part of the
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WASHINGTON - Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announc
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WASHINGTON (Reuters) - The soaring pay of U.S. CEOs looks likely to reclaim the political spotlight on Friday when three handsomely compensated senio
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TOKYO : Asian shares tumbled Friday after more bad news out of the ailing US economy about the sub-prime mortgage crisis, capping a difficult week fo
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As of March 2007, it's estimated that there were $1.5 trillion in sub-prime mortgages outstanding in the U.S. About 20 per cent of all U.S. mortgage
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