1 Articles match "Distressed","HSBC","Properties"

The Latest from RealtyTrac MORE
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. — With the advent of Web-based real estate sites like RealtyTrac , real estate entrepreneurs can now accelerate the process for buying foreclosure properties. 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 and an avalanche of foreclosure activity on Main Street.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • 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. — With the advent of Web-based real estate sites like RealtyTrac , real estate entrepreneurs can now accelerate the process for buying foreclosure properties. 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 and an avalanche of foreclosure activity on Main Street.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE