Spain savings bank association sees signs of rising mortgage bad debt
Forbes - MADRID (Thomson Financial) - Spanish savings bank association CECA's members have seen a rise in bad debt levels in May as higher euro zone interest rates impact mortgage payments, El Mundo reported, citing the association's chairman Juan Ramon ... Read more...
The US Mortgage Market - Overexposed and Overrated
Safe Haven - Third, much of the bad debt was in CDOs which were highly diversified. For instance, Fitch (a rating agency) recently did a release about how badly closed-end second lien (CES) Residential Mortgage Backed Securities have been doing of late ... Read more...
How to deal with tighter credit rules
San Francisco Gate - Mortgage broker Bruce Honaker has seen up close how much tougher it is for people ... We set up a plan to get (bad debts) cleared up, and once their score is up ... Borrowers who are not in debt but simply haven't used credit much in the past can ... Read more...
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