Mortgage Crisis
Wall Street hides impact of subprime mortgage meltdown
By Cesar Uco, September 4, 2007
The August 3 edition of Asset Back Alert (www.ABAlert.com) (a weekly report that goes out to major finances houses and investors willing to pay nearly $2,500 for an annual subscription) carries an art...
US housing crisis could spark serious economic downturn
By Nick Beams, September 3, 2007
The US economy could experience a deep recession as a result of the housing crisis, according to National Bureau of Economic Research president Martin Feldstein.
The social toll of the US home mortgage crisis
Part 2
By Andre Damon, September 1, 2007
The following is the second in a two-part series.
The social toll of the US home mortgage crisis
Part 1
By Andre Damon, August 31, 2007
The following is the first in a two-part series.
Foreclosures soar, layoffs mount in US mortgage industry crisis
By Joe Kay, August 22, 2007
The US housing market showed further signs of deterioration on Tuesday with the release of a report showing a sharp 9 percent increase in foreclosure filings from June to July. World financial markets...
Worldwide market panic compels central banks to intervene
By Patrick Martin, August 13, 2007
The world financial system remained on a precipice over the weekend, awaiting the opening of markets Monday, after central banks in Europe, the United States, Japan and several other Asian countries w...
Credit fears spark stock market plunge
By Patrick Martin, August 10, 2007
Stock markets worldwide slumped Thursday amid mounting fears that the crisis in the subprime mortgage lending market is leading to a more generalized credit crisis. The Dow-Jones Industrial Average, t...
Bursting of credit bubble underlies stock market turbulence
By Barry Grey, August 2, 2007
Global stock exchanges are gripped by extreme volatility, with wild swings in share prices. On Tuesday, the New York Stock Exchange saw a nearly 300-point shift in the Dow Jones Industrial average fro...
Big fall on Wall Street as mortgage debt problems grow
By Nick Beams, SEP candidate for the NSW Legislative Council (Australia), March 14, 2007
US share markets fell sharply on Tuesday amid fears that the collapse of the biggest independent sub-prime mortgage lender and problems in the mortgage industry and housing market could spread through...
Home foreclosures soar in US
By Naomi Spencer, October 9, 2006
The social impact of the bursting of the US housing market is already being registered in a sharp increase in home foreclosures. In August, the foreclosure rate rose a staggering 53 percent over the s...
US home foreclosures on the rise
By Naomi Spencer, March 28, 2006
Millions of Americans stand to face enormous financial strain or foreclosure when their adjustable-rate mortgages reset this year. The number of mortgage holders slipping behind in monthly payments ro...
Soaring prices, risky mortgages
Is the US housing boom turning toward bust?
By César Uco, August 6, 2005
Recently released economic data suggest that the five-year-old housing boom may be coming to an end. With the US economy increasingly dependent on the real estate sector, some experts are expressing c...
