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Latest News:

Bank of America Credit Risk Increases on Countrywide Purchase Bloomberg - Bank of America would inherit the ``heightened'' credit risk of Countrywide's home equity loans and option adjustable-rate mortgages, analysts led by David Hendler at bond research firm CreditSights Inc. said in a report today. ``There's
Bank of America Credit Risk Increases on Countrywide Purchase

JP Morgan cuts earnings view for 4 banks Reuters - expects SunTrust Banks Inc's (STI.N: Quote , Profile , Research ) net charge-offs for the fourth quarter to rise sharply and faster than expected, with credit losses rising mainly in home equity and residential mortgages, as well as other consumer loans
JP Morgan cuts earnings view for 4 banks

Merrill Writedown Drops Holders' Equity Below Goldman (Update4) Bloomberg - Merrill's shareholder equity probably fell 2 percent in the fourth quarter to $37.8 billion, assuming a writedown of $10 billion for subprime home loans and mortgage-linked securities, Brad Hintz, an analyst at Sanford C. Bernstein & Co. in New York
Merrill Writedown Drops Holders' Equity Below Goldman (Update4)

JP Morgan cuts earnings view for 4 banks Reuters - expects SunTrust Banks Inc's (STI.N: Quote , Profile , Research ) net charge-offs for the fourth quarter to rise sharply and faster than expected, with credit losses rising mainly in home equity and residential mortgages, as well as other consumer loans
JP Morgan cuts earnings view for 4 banks

JP Morgan cuts earnings view for 4 banks Reuters - expects SunTrust Banks Inc's (STI.N: Quote , Profile , Research ) net charge-offs for the fourth quarter to rise sharply and faster than expected, with credit losses rising mainly in home equity and residential mortgages, as well as other consumer loans
JP Morgan cuts earnings view for 4 banks

Merrill Writedown Drops Holders' Equity Below Goldman (Update4) Bloomberg - Merrill's shareholder equity probably fell 2 percent in the fourth quarter to $37.8 billion, assuming a writedown of $10 billion for subprime home loans and mortgage-linked securities, Brad Hintz, an analyst at Sanford C. Bernstein & Co. in New York
Merrill Writedown Drops Holders' Equity Below Goldman (Update4)

Quebecor World gets rescue plan Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World controlled by the Peladeau family – and Tricap Partners Ltd., a private equity in debt, and faces a Jan. 15 deadline for refinancing a portion of these loans.
Quebecor World gets rescue plan

CORRECTED - U.S. regional mall vacancy up in 4th quarter--Reis Reuters - Those sources of consumer cash, such as refinancings and home equity loans have dried up in the housing downturn. "We clearly see consumers are spooked and that is going to give them some pause when they are at the mall," Chandan said. "We will see
CORRECTED - U.S. regional mall vacancy up in 4th quarter--Reis

Buying a Car with a Home Equity Loan: An alternative to Bad Credit Car Kingsport Times-News - Home Equity Loans as an Alternative Source of Finance Though it may sound strange, you can get finance for purchasing a car with a home equity loan. If you cannot get a bad credit car loan and use the car as collateral you may be able to apply for a
Buying a Car with a Home Equity Loan: An alternative to Bad Credit Car

Bank of America Ratings Put Under Review by Moody's (Update2) Bloomberg - S. mortgage lender, for $4 billion in stock will be detrimental to Bank of America's health because not enough equity is based Hayman Capital Partners LP who is betting against Bank of America stock and bonds. ``The collateral for their loans is
Bank of America Ratings Put Under Review by Moody's (Update2)

Countrywide Take-Under Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People This week, Countrywide reminded the markets that foreclosures were on the rise and said it funded just $23.5 billion in loans
Countrywide Take-Under