2007 and 2008 may not be the only years with massive subprime mortgage delinquencies.  It seems as if subprime delinquencies may continue to rise into 2009.  At least this is the opinion of the National Association of Realtors.  At present, the delinquency rate on subprime loans is around 20%.  Some believe that this forecast could […]

Bloomberg is reporting that Charles Schwab (NASDAQ: SCHW) may pay $260 million or about 6 weeks profit (1/2 quarter) to settle investors’ claims surrounding one of their bond portfolios with exposure to subprime securities.  The claim involves the Charles Schwab mutual fund prospectus which labelled its the fund “marginally” riskier than cash.  Ooops sorry about […]

AIG will face a SEC probe over accounting practices related to their subprime mortgage exposure.  It seems as if it will be investigated as to whether or not the firm inflated the value of their contracts linked to subprime mortgages.  As much of the subprime fallout hit, Wall St. pundits remained impressed with AIG’s ability […]