Archive for October, 2008 | Home Loans | Refinancing | 2nd Mortgage | Auto

Friday, October 31st, 2008 | Home Loans | Refinancing | 2nd Mortgage | Auto
Home Loans | Refinancing | 2nd Mortgage | Auto Loans | Bad Credit, Mortgage and Remortgage rates and deals, including mortgages from high street and specialist lenders.Grab a FREE gift worth 29.99 just for visiting.

CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic
I think its all going pear shaped here, sub-prime, alt-a, corporate CDO’s and the financial implications of a sudden demand shock. The whole thing is spinning out of control because it ran on trust alone. Oct. 22 (Bloomberg) — Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send shockwaves through the global financial system. The los

Increase In Secured Loan Arrears And Repossessions

Friday, October 31st, 2008

Increase In Secured Loan Arrears And Repossessions
At the beginning of this year, the Council of Mortgage Lenders (CML) warned the mortgage loan industry as a whole that it expected to see a dramatic increase in the number of repossessions of people’s homes throughout the course of 2008, due to the effects of the credit crunch and according to the latest figures, they appear to have been right so far. New figures from the Financial Services Authority (FSA) have revealed that the total number of repossessions of properties in arrears on their l

Changes In The Secured Loan Market
Topics: secured loan, secured loans, fast secured loans, uk secured loan, uk secured loans, web loans There have been some changes in the secured loan sector over the last few months. This does not involve how the secured loan process works and the regulation process has not changed. The main changes have been with the fact that the lenders have tightened things up and it’s a bit harder to get a secured loan. With the sub prime fallout in America we have seen the effect ripple through to the

11,000 families forced out of homes homes (The Herald)
The number of homes repossessed has soared by 71%, new figures revealed yesterday. The Financial Services Authority said 11,054 homes were repossessed in the UK in the three months to the end of June, compared with just 6476 during the same period last year.

Europe Faces Day of Reckoning in Emerging Market Debt

Thursday, October 30th, 2008

Europe Faces Day of Reckoning in Emerging Market Debt
You know it’s a real financial crisis when capitalists are being told what to do by a bunch of socialists and communists. But these are the times we live in. Ironic and moronic. Investors will be utterly confused today about what to fear most. First, you had the nightmare open in New York on Friday. The futures markets were limit down and closed briefly. By the time order was restored to electronic markets, the Dow opened down 6%. The Dow rallied-if you can call it that-to close down “just”

Nothing New Under The Depression Sun
October 25, 2008 Elaine Meinel Supkis As the US falls into the same system that runs Japan, we have to recognize that the effects of the 0% system is not going to fix the US trade deficit. The Treasury is allowing all our dear, bankrupt banks to announce that they are going to the bankrupt Fed for funds. We also look at a series of old, old newspaper clippings that clearly show that today’s mess is nearly totally identical to past messes. The IMF is going to allow many of the ‘first world’ natio

UK & World News: Two lenders cut mortgage rates (icNewcastle – Sunday Sun)
The cost of fixed-rate mortgages looks set to fall, with two lenders announcing they were cutting their rates.