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Spain savings bank association sees signs of rising mortgage bad debt

Forbes - Quintas said at a conference in Barcelona that the economic cycle has reached a new stage which 'is starting to be reflected this month with the appearance of bad debt'. The chairman added it is 'surprising' that non-payment of mortgages took so long ... Read more...

How to deal with tighter credit rules

San Francisco Gate - We set up a plan to get (bad debts) cleared up, and once their score is up ... Across the country, people who took out subprime loans -- higher-interest mortgages ... Borrowers who are not in debt but simply haven't used credit much in the past can ... Read more...

Bank Picks Up Business From Mortgages

Ananova - The group, which has agreed to buy Dutch rival ABN AMRO, said its market share of new mortgages had improved. And, Britain's third biggest bank said, it is on track to improve the ratio of its UK banking costs to income by 2% this year. The bad debt ... Read more...

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