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Bad Mortgages Taking Down Good Loans, Too
Foreclosures in risky subprime mortgages have soared, but they are only a small part of the market. In fact ��� despite economic pain and uncertainty ��� the vast majority of Americans continue to make their mortgage payments. Yet that small percentage of bad loans is having an outsize impact on the financial world.
Fed survey of 50 banks finds deepening credit crisis
More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
Rescue plan could hinge on value of bad assets
Treasury Secretary Henry Paulson's $700 billion financial rescue plan has grown from a program focused on relieving lenders and investors of their bad mortgages to one in which the government would have the authority to take over any kind of problem loan or...
Stocks continue to fall as bailout questioned
Investors are anxious about Congress' plan to absorb bad mortgages and other risky assets. Financial markets extended their declines Tuesday as investors worried that lawmakers were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets.
Government's $700 billion plan to buy bad mortgages may not save some troubled banks
NEW YORK _ A sweeping government plan to buy up to $700 billion in bad mortgages may not be enough to save some banks, which experts say may be forced to absorb big losses if they sell their troubled assets.
Paulson Plan Seeks Value for Mortgages That Eluded Bear, Lehman
Sept. 24 -- U.S. Treasury Secretary Henry Paulson 's bailout plan hinges on answering the question that has vexed global markets for more than a year and sunk two securities firms: What's a bad mortgage worth?
Rescue plan seeks $700B to buy bad mortgages
WASHINGTON ��� The Bush administration is asking Congress to let the government buy $700 billion in toxic mortgages in the largest financial bailout since the Great Depression, according to a draft of the plan obtained Saturday by The Associated Press.
Firms' Soaring Credit Debt Prompted Federal Rescue
Unmanageable loans and debt of firms like Lehman Brothers, Fannie Mae, Freddie Mac and AIG led to declines in their credibility and the Wall Street shakeup. Paul Solman explains how the giants lost control of their finances and why credit plays a central role.
Tighter credit puts brakes on Madison area real estate developments
Bad loans on a handful of high profile projects have caused Wisconsin banks to toughen credit standards for developers. The banks haven't stopped making commercial loans, but they're demanding higher interest rates, more sales or leases prior to construction and lower loan-to-value ratios, which requires more investment capital. "Commercial credit is getting much harder to find, especially real ...
Bailout is 'pivotal moment for America's economy'
WASHINGTON ��� Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag ��� a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions.
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