TITLE

Ouch!

PUB. DATE
June 2008
SOURCE
Finweek;6/26/2008, p58
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the sub-prime credit crisis has affected South Africa despite theories of decoupling and that markets in jurisdictions outside the core crunch have decoupled from the U.S. and remain unaffected by the crisis out there. Helmut Engelbrecht, director of acquisition finance group at Standard Bank, attributes the crisis to the mispricing of credit over the past several years.
ACCESSION #
33061198

 

Related Articles

  • Predatory Idiots? Reiff, Rick // Orange County Business Journal;3/19/2007, Vol. 30 Issue 12, p71 

    The author reflects on the crisis being faced by subprime lending companies in Orange County, California. He questions why these companies handed out loans with no down payments to people with bad credit. He also notes that there were reports that subprime lenders were charging huge fees and...

  • Risky behavior. Wallace, Laura // Finance & Development;Jun2008, Vol. 45 Issue 2, p1 

    The article discusses various reports published within the issue, including the cause and solution of the financial crisis, key lesson that one can learn from the U.S. subprime problem, and the debate concerning steps being taken to shore up banking systems.

  • the UK market likely to be affected by troubles in the US sub--prime sector? Sturges, Bob; Darrow, Gunny // Mortgage Strategy;4/9/2007, p32 

    The article discusses the differences in the mortgage markets between the U.S. and Great Britain. The sub-prime market in the U.S. is said to be suffering which Great Britain is playing close attention to due to a number of reasons. First is that the financial upheaval, which is important in the...

  • News from the front lines: More tough times ahead. Andrews, Greg // Indianapolis Business Journal;8/4/2008, Vol. 29 Issue 22, p4 

    The article focuses on the headlines about the weak housing market, subprime credit crisis and economic slowdown in Indiana. It is stated that the state's housing market is declining, but the companies are positioning itself to succeed in the slowing economy. Business executives reveal that the...

  • Bad Assets. WELCH, JACK // Louisville Magazine;Jan2009, Vol. 60 Issue 1, p80 

    The article presents information on the financial crises evoked by the subprime loan in the U.S. The nation's economy is collapsing because subprime mortgages became prime assets available to be used as collateral to borrow money to buy more insecure securities. It is stated that seeds of the...

  • The Subprime Crisis--the Path to Helping Borrowers Lies in the Truth. Pardes, Robert M. // Mortgage Banking;Mar2008, Vol. 68 Issue 6, p119 

    An essay is presented on the subprime market crisis in the U.S. It suggests measures to help overextended homeowners who are perceived as victims of the subprime debacle. The author admits that there is no easy solution to avoid the effect of the subprime crisis. However, he stresses the market...

  • US subprime writedowns hit Eurohypo's Q2 profit. Cate, Bert Erik Ten // EuroProperty;9/1/2008, p19 

    The article reports that Eurohypo witnessed a second-quarter loss following further U.S. subprime write-downs. The German lender posted a second-quarter net loss of €138 million after writing down its U.S. investment portfolio. The downturn in Europe and the U.S. is said to have severely...

  • Mozlo: Subprime Crisis 'Complex'.  // National Mortgage News;5/28/2007, Vol. 31 Issue 35, p28 

    The article reports on the complexities of subprime crisis in the U.S. According to Countrywide Financial Corp. chairman and chief executive officer Angelo Mozilo, the industry has to be careful of blaming itself about this. This statement was addressed by Mozilo at the Mortgage Bankers...

  • Private Money Lenders to the RESCUE? Simpson, Alton Gary // Broker Magazine;Mar2008, Vol. 10 Issue 3, p26 

    The article focuses on the collapse of the subprime market in the U.S. As a result of this financial crisis, some mortgage brokers have transitioned to offering Federal Housing Administration (FHA) and other agency loans, while others have transitioned into new lines of work. Others have added...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics