Baltimore’s tale of sub-prime woe
Matthew Price reports from Baltimore in the US on new revelations about how US banks pushed customers into sub-prime mortgages despite the risks.
Please consider:
If Mortgage Rates Can Fall Through the "floor" of the Prime Rate.what Else is Under the Floor? “Lower than prime,” you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible “floor” of lending rates. The very best customers can...
Charity Slams Sub-prime Mortgage Market A leading charity has criticized lenders who supply secured loans to people with low credit ratings.A Citizens Advice Bureaux report said irresponsible lending decisions and aggressive arrears management by sub-prime lenders were driving the current increase in mortgage arrears,...
Sub Prime Versus Main Stream Mortgages Sub Prime Versus Mainstream For those with an adverse credit rating getting a new mortgage or re-mortgage can prove to be a trip into a minefield. This article discusses what potential borrowers should look out for whilst look for...
Sub-prime Mortgage Lenders Account for Over Half of UK Repossessions Over half of the UK’s repossession orders are being brought by sub-prime lenders, according to a BBC report. These lenders cater for borrowers with poor credit histories and account for only 6% of the total mortgage market. Radio Five...
The search for a sub-prime villainThe acquittal of Ralph Cioffi and Matthew Tannin on all counts of fraud is a blow to anyone hoping to find a culprit for the sub-prime crisis ...
