Category Archives: Stocks

What is the Money Market and Why Does It Freeze?

Source: This whole downward spiral seemed to start with U.S. subprime mortgages. What exactly are they?Subprime mortgages are home loans made to people who would not, under normal circumstances, be ideal candidates to get a mortgage – thus they are … Continue reading

Posted in Stimulus Plan, Stocks, Subprime | Tagged , , , , , | Comments Off on What is the Money Market and Why Does It Freeze?

American Bank Stocks Plunge

NEW YORK (Reuters) – Shares of National City Corp <NCC.N> and Washington Mutual <WM.N> plummeted more than 25 percent each, leading financial stocks lower on Monday amid fears about bank stability and the future of the mortgage market. The rout … Continue reading

Posted in Stocks | Tagged , , , , , | Comments Off on American Bank Stocks Plunge

World Stock Markets Unimpressed By American Mortgage Plan

LONDON — World markets were mixed Monday as investors took in news of U.S. government moves to prop up ailing mortgage financiers Fannie Mae and Freddie Mac. (AP) Most Asian markets opened higher but then shed their gains. Britain‘s FTSE … Continue reading

Posted in Stocks | Tagged , , , , , | Comments Off on World Stock Markets Unimpressed By American Mortgage Plan

Mortgage Companies Reveal Bad First Quarter Earnings

At least some people think the worst is over. Mortgage companies have lost billions. The US economy has lost over $200 billion from the subprime mess which has hurt credit markets around the world. Shares in mortgage lenders and insurers … Continue reading

Posted in Stocks | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Companies Reveal Bad First Quarter Earnings

Private Equity Firms Gambling

Banks are more reluctant to lend money these days. Duh. What to do? Take a chance. LONDON (Reuters) – Buyout firms may need to take higher risks by stumping up more equity on bids and gambling on being able to … Continue reading

Posted in Stocks | Tagged , , , , , , , , , , , , , , , , | Comments Off on Private Equity Firms Gambling

Stocks Jump As Mortgage Market Stabilizes

Justin Grant writes for Reuters that American stocks are way up as gold and oil prices plunge. Big mortgage financiers Fannie Mae and Freddie Mac surged for a third day on hopes they will stabilize the housing market. Fears about … Continue reading

Posted in Articles, Stocks | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Stocks Jump As Mortgage Market Stabilizes