Are student loans the next subprime disaster?
For example: Most student loans are federal ones, which means your paycheck could be garnished or your tax return withheld if you don't pay up. Stop making loan payments and your credit score could dive as much as 100 points -- which in turn lays a ...
Is Cyprus the subprime of the euro crisis?
The process will eventually fold Laiki Bank the island's second largest, into the Bank of Cyprus ... Change the word Cyprus to subprime and isn't that's what Bernanke said in 2007? In my opinion there could be significant fallout around the world, as ...
GM offers financing to subprime buyers
Vehicles included in the promotion are likely to include 2012 models of the Chevrolet Malibu, Cruze and Silverado ... all 2012 model Chevrolets through September 4. All 2012 to 2013 model Chevrolets will be sold with a money-back guarantee ...
What's fueling the car sales boom? Subprime loans
"Sometimes the financing profit can be three times the dealer's profit from selling the car," she told MoneyWatch.com. AmeriCredit, a huge subprime auto lender that was purchased by General Motors in July, had an 8.3% loss rate in the period ...
Smooth confirmation hearing for Pritzker
She also would be the wealthiest in the Cabinet by far, with Forbes estimating her net worth at $1.85 billion and ranking her as the 277th richest American. The commerce post has been vacant since John Bryson resigned last summer. The Pritzker ...
Cancer hits millennial finances hardest
A new study indicates that patients between the ages of 20 and 34 are more than twice as likely to go bankrupt. An estimated 1.66 million people will be diagnosed with cancer in 2013, according to the National Cancer Institute. Just 2.6% will be between ...
Citi names new heads of mortgages, private bank, Citi Holdings
Das took over Citigroup's mortgage business at the height of the financial crisis in 2008 as it was losing billions of dollars on bad subprime housing bets. He will remain at the bank for a few months to assist on mortgage issues related to the ...
Should you buy a foreclosure?
Mackey has stopped sending the letters. Groups such as the Moratorium Now ... But you're better off buying multifamily homes, with renters to cover the mortgage payments, taxes and utilities. "If you buy a quad, even if someone moves out, the other ...
Hunt for those at fault for Spain's bank crisis gains pace
Caja Madrid paid $927 million for 83 percent of CNB in 2008, not long after the start of the U.S. subprime mortgage crisis. This was far more than rival Spanish lenders had paid for other banks in Florida in the same period, the magistrate noted.
The Zacks Analyst Blog Highlights:Southwest Airlines, Boeing, Delta Air Lines, JetBlue Airways and Goldman Sachs Group
Goldman was also charged by the SEC in the U.S. of misrepresenting facts and selling bad quality subprime investments to its customers in 2006, without disclosing the risk factors and the vital role of Paulson & Co., a prime hedge fund ...
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