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Search 1) News For: Bad Credit Mortage Company

Bad Credit Loans Offer a Practical Solution as the Credit Crisis Continues to Hurt Consumers   As credit and finance turmoil continues far beyond the timeframe that most economists predicted, Bad Credit Loans from www.loansbadcredit.org.uk offer consumers an immediate and practical solution.

S&P cuts Washington Mutual credit rating to junk   Standard & Poor's on Monday cut its ratings on Washington Mutual Inc into junk territory, citing exposures the bank has to bad mortgage debt and volatile markets.

Loan firm leaders say credit crisis worst to come  The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,” said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.” First Financial Network, based in Oklahoma City, is the nation's ...

AIG's credit rating lowered  Credit ratings agencies downgraded AIG as the Federal Reserve was said to have asked two investment banks to put together $75 billion in loans to help prop up the insurer.

CIT Arranges Financing for Southern California Pizza Company  CIT Group Inc. NYSE: CIT, a leading global commercial finance company, today announced that it served as joint lead arranger for a $29.3 million senior secured credit facility for Southern California Pizza Company, a portfolio company of Sentinel Capital Partners. The facility consists of a term loan and a revolving credit facility that was used for the acquisition of 123 Pizza Hut restaurants ...

Mortage Broker To Investors: "I'm Taking the Fifth"  The owner of a failed mortgage company faced a crowd of angry investors Monday with just one answer: "I'm taking the Fifth."

Webster Bank loses $12.5 million in bad construction loans  Webster Bank announced plans Tuesday to open flagship branches in Boston and Providence, R.I., even as its parent company said it expects to take a bigger hit from bad loans in the third quarter.

Credit Card delinquency rate, debt levels rise in Q2  The percentage of people who were delinquent on their credit card payments rose slightly in the second quarter from the same time last year, while average debt per borrower jumped 8.6%, according to credit reporting agency TransUnion LLC.

Search 2) News For: Bad Credit Mortage Company

Arcandor Declines to 16-Year Low on Supplier Credit (Update1)  Sept. 15 -- Arcandor AG , owner of Germany's largest department-store chain, fell to the lowest in at least 16 years in Frankfurt trading on a report that credit insurer Euler Hermes AG capped credit guarantees for its suppliers.

Credit crisis, falling home values bring down Lehman Brothers   Updated: 11:40 AM- NEW YORK - Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection from its creditors on Monday and said it was trying to sell off key business units.

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