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Foreclosures Affecting Rental Market, Too
Most of us know that foreclosures can be a problem for homeowners and their neighborhoods, but a new report released Wednesday details the pain now being felt by renters, as rents continue to increase and many find themselves caught in a foreclosure they...
Despite Economic Crisis U.S. Mortgage Rates Nudge Higher
Fixed mortgage rates inched upward for the third week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.16 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage...
Credit Suisse: First Quarter Loss of $2.1 Billion
Perhaps the best thing that can be said about Credit Suisse Group’s (CS: 52.86, +2.42%) first quarterly loss in over five years is that CEO Bready Dougan isn’t content to play Pollyanna about the state of the mortgage and credit markets....
Eos Airlines Enters Into Term Sheet for $50 Million of Capital
In the face of tight credit markets and an economic environment that has led to several industry failures, Eos Airlines announced today that it has agreed to a term sheet outlining the terms on which Eos will secure an additional $50 million in capital...
Subprime Policies: New Ideas to Tackle the Mortgage Mess
The precipitous collapse of Bear Stearns Cos., Wall Street’s fifth-largest investment bank and one that had prospered through 85 years of turbulent markets, makes it clear that the current chaos in U.S. credit markets has implications far beyond...
Economists Debate How Far US Economy Will Fall
Polls show overwhelming numbers of Americans believe the U.S. economy is in a recession, although government statistics have yet to show a period of negative growth that meets the technical definition. What is known is that the American economy has slowed...
