1 Articles match "Countrywide","HSBC"

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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. — As the lenders brace for more trouble, even solvent lenders — including Ameriquest, Countrywide, Novastar and H&R Block’s Option One Mortgage — are feeling the pain from rising loan defaults made to people with spotty credit. 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 Street
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. — As the lenders brace for more trouble, even solvent lenders — including Ameriquest, Countrywide, Novastar and H&R Block’s Option One Mortgage — are feeling the pain from rising loan defaults made to people with spotty credit. 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 Street
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE