TITLE

Financial system becoming more vulnerable to setbacks, claims report

PUB. DATE
February 2007
SOURCE
Credit Control;2007, Vol. 28 Issue 2, p62
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the results of the latest Financial Stability Review conducted by the Bank of England company. Findings revealed that the financial system of Great Britain is becoming more vulnerable to setbacks, like the U.S. sub-prime mortgage meltdown resulting from the increased risk-taking by finance companies and heavy borrowing by private equity groups. The bank added that the distress of U.S. mortgage industry warns the country of how credit quality deteriorates quickly.
ACCESSION #
25139456

 

Related Articles

  • Yesmortgages grows Irish presence.  // Mortgage Strategy;3/12/2007, p10 

    The article reports that sub-prime distributor yesmortgages is expanding its operations in Ireland following its pilot launch there in 2006. The distributor is increasing its sales force, creating a Dublin-based administration team and doubling the size of its premises. According to David Wylie,...

  • Expo indicates a change is in the air. Moody, Andy // Mortgage Strategy;5/28/2007, p39 

    The article presents an analysis on the Mortgage Business Expo which focuses on secured loans, bridging finance and commercial mortgages in Manchester, England. It discusses that such events were considered as dominated by mainstream and specialist lenders. Brokers from the secured loan industry...

  • Securitized B&C Loans Deteriorate. Collins, Brian // Mortgage Servicing News;Dec2007/Jan2008, Vol. 11 Issue 11, p2 

    The article reports on the increase of the default rate on subprime loans in private-label securitizations as well as its foreclosure rate as of September 2007 in the U.S. According to the article, economic recession and slow loan-investment performance have influenced the growth of default...

  • THE LEGAL FALLOUT FROM THE SUBPRIME CRISIS. Friedman, Robert S.; Wilson, Eric R. // Banking Law Journal;May2007, Vol. 124 Issue 5, p420 

    The article focuses on the relationships involved in the subprime mortgage industry, particularly the relationships that occur after the origination of the consumer loans. It talks about the role of these relationships in court and the special considerations regarding bankruptcy that...

  • Subprime segment loses some lenders. Harris, Donna // Automotive News;6/28/2010, Vol. 84 Issue 6418, p13 

    The article offers information on the decrease in the number of finance companies dealing in subprime loans in the U.S.

  • chapter 3: Special Report.  // Poland Business Forecast Report;2007 3rd Quarter, p24 

    The article presents an analysis of the sub-prime mortgage sector which faces risk due to the rise in delinquencies in the U.S.

  • Not Everyone Is Swearing Off Subprime Market. Cornwell, Ted // Mortgage Servicing News;Apr2007, Vol. 11 Issue 3, p12 

    The article focuses on the subprime credit (SC) operations of Fannie Mae in the U.S. Fannie Mae executives told investors and analysts in a recent conference call that they anticipate opportunities to increase the SC business. Chief executive officer (CEO) Daniel Mudd said that subprime remains...

  • Chase Building Its Servicing Portfolio.  // National Mortgage News;5/5/2003, Vol. 27 Issue 32, p25 

    Reports on the establishment of loan servicing business by Chase Home Finance company in Edison, New Jersey. Reason for the promotion of loan servicing; Amount of the servicing portfolio; Plans of the company to acquire mortgage-related companies.

  • Wilshire Gets Title 1 Subservicing.  // National Mortgage News;12/04/2000, Vol. 25 Issue 11, p20 

    Reports the agreement of Wilshire Credit Corp. to subservice Federal Housing Administration Title One loans in Portland, Oregon. Portfolio on securities transactions of home improvement loans; Development of a customized loan servicing solutions for banks; Employment of triage approach to...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics