Subprime Market

Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 03.17.2008 | 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 02.12.2008 | 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 01.23.2008 | 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 ...


 

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