“The risk of owning corporate bonds rose on renewed concern hedge funds may be forced to sell assets because they can’t refinance borrowings, according to traders of credit-default swaps. ”
More: continued here
“H&R Block Inc., the biggest U.S. tax- preparation company, said it may shut a subprime-mortgage unit if sale negotiations with a hedge-fund manager collapse. ”
More: continued here
“Countrywide issued an official response to the scathing New York Times expose on the mortgage lender’s alleged institutionalized practice of steering borrowers in to high cost loans.”
More: continued here
“We continue to see significant upside to Winn-Dixie, and the 2007 fourth quarter gave us no reason to question the trajectory of the turnaround”
Shares of Winn-Dixie Stores Inc. fell for a second day Wednesday after the grocer predicted a fiscal 2008 loss. via Canadian Business Magazine
More: continued here
“..,this is an ongoing crisis not just confined to markets. It is expected that, once adjustable rate mortgages are “reset” upwards, two million more families face the foreclosure of their homes. Their economic pain is being recognized, but too late to prevent a vast displacement of people who cannot afford to live in homes they were suckered into purchasing with the promise of practically free money.”
More: continued here
“Mortgages for investment properties constitute a major chunk of defaults in four states with the fastest-rising rates of seriously delinquent loans, according to data released Thursday by the Mortgage Bankers Association.”
More: continued here
“H&R Block Inc (HRB.N: Quote, Profile , Research), the largest U.S. tax preparer, said it was trying to renegotiate the sale of its Option One Mortgage Corp unit and would get out subprime lending after its quarterly loss more than doubled.”
More: continued here
More: continued here
More: continued here
“Credit Suisse Analyst Predicts Drastic Decline in Mortgage Lending Next Year ”
More: continued here