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Subprime Market

Spain Is Not Close to Bankruptcy: Amalgamation Should Not Mean Contagion

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

I happened to be in Madrid last week on the day Spain was downgraded. It was portrayed by the media as a catastrophic situation. Now is not the time for over dramatization.

Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 05.25.2011 | Business

The news wasn't surprising but the price tag was a real stunner. On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Stree...

Mortgage Crisis Spreads Past Subprime Loans

New York Times | VIKAS BAJAJ, LOUISE STORY | Posted 05.25.2011 | Business

The credit crisis is no longer just a subprime mortgage problem. As home prices fall and banks tighten lending standards, people with good, or prime,...

Foreclosures Prompt Cities to Make Plea For Federal Aid

New York Times | IAN URBINA | Posted 05.25.2011 | Business

Facing a collapse in the subprime mortgage market that has pockmarked their cities with vacant houses and crippled their budgets, the nation's mayors ...