1 Articles match "December","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. — filed for bankruptcy on Feb 7, sounding the alarm and bringing the total failure of subprime lenders to 20 since December, according to Bloomberg News . With the advent of Web-based real estate sites like RealtyTrac , real estate 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. — filed for bankruptcy on Feb 7, sounding the alarm and bringing the total failure of subprime lenders to 20 since December, according to Bloomberg News . With the advent of Web-based real estate sites like RealtyTrac , real estate 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