Archive for July, 2009

Bank pay ‘unmoored’ from performance, Cuomo says

0 Comments Published July 31st, 2009 in News.

Bank compensation has become “unmoored” from performance and the system should be changed, the New York Attorney General Andrew Cuomo says.

Moody’s net slips but 2009 outlook revised higher

0 Comments Published July 31st, 2009 in News.

As second-quarter profit falls 20%, the management of Moody’s sees signs of improvement in the credit markets and cautiously revises the ratings agency’s 2009 profit outlook higher.

PNC earnings fall 60% on government payments

0 Comments Published July 25th, 2009 in News.

NEW YORK (MarketWatch) — PNC Financial Services Group Inc.’s second-quarter profit plunged 60% on charges related to government dividends, despite a boost from its National City acquisition.

Find more subprime information from Google
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






Subscribe

Subscribe to my RSS Feeds

Archives

Categories