1 Articles match "Associated","HSBC","Properties"

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Subprime meltdown means jump in foreclosures
The mortgage industry plunged deeper into distress this month as two of the biggest subprime lenders — London’s HSBC Holdings and Irvine-based New Century Financial Corp. — And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. With the advent of Web-based real estate sites like RealtyTrac Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Subprime meltdown means jump in foreclosures
    The mortgage industry plunged deeper into distress this month as two of the biggest subprime lenders — London’s HSBC Holdings and Irvine-based New Century Financial Corp. — And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. With the advent of Web-based real estate sites like RealtyTrac Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE