International Business News - Subprime http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Fitch Ratings said Wednesday it revised is surveillance methodology for U.S. subprime residential mortgage-backed securities and updated its loss projections for them. http://www.ibtimes.com/articles/20081119/fitch-revises-surveillance-metholodology.htm Wed, 19 Nov 2008 12:33:36 EST The mortgage problems that have helped shape the current economic downturn have made "subprime" an unwelcome word to investors. For gamblers, however, Subprime drew cheers this week. That was the name of a horse that won the ninth race Thursday at the Aqueduct race track in New York. http://www.ibtimes.com/articles/20081101/gamblers-cheer-horse-named-subprime.htm Sat, 01 Nov 2008 12:35:14 EDT The top federal prosecutor in Los Angeles indicated Thursday that charges will be filed in the coming months in a sweeping investigation of banks and subprime lenders for their role in the nation's mortgage crisis. http://www.ibtimes.com/data/articleimgs/154146-subprime-investigation.jpg http://www.ibtimes.com/articles/20081016/us-attorney-expects-results-soon-in-mortgage-probe.htm http://www.ibtimes.com/articles/20081016/us-attorney-expects-results-soon-in-mortgage-probe.htm Thu, 16 Oct 2008 21:38:33 EDT The Pennsylvania Attorney General's Office says ongoing negotiations over Countrywide Financial's subprime mortgages could lead to cash payments or other relief for thousands of customers in the state. http://www.ibtimes.com/articles/20081009/pa-ag-says-settlement-over-subprime-mortages-near.htm Thu, 09 Oct 2008 17:02:41 EDT Mexican police are testing a new weapon against widespread corruption in their ranks: home ownership. Officers and prison guards in Michoacan state can now get special deals on houses and financing through a pilot program designed to keep them out of the pockets of organized crime. The strategy is part of Mexico's desperate push to professionalize local law enforcement, infamous for extorting bribes at bogus traffic stops and providing security for drug lords. http://www.ibtimes.com/articles/20080920/mexico-combats-police-corruption-with-mortgages.htm Sat, 20 Sep 2008 12:14:06 EDT New York Gov. David Paterson says almost $4.2 million in state grants have been awarded to nonprofit agencies to help address the subprime mortgage crisis. http://www.ibtimes.com/articles/20080910/more-ny-grants-aimed-at-subprime-mortgage-crisis.htm Wed, 10 Sep 2008 16:29:27 EDT A former Wall Street broker has pleaded not guilty to charges of duping investors into buying more than $1 billion in high-risk securities by making it look like the trades were backed by federally guaranteed student loans. http://www.ibtimes.com/articles/20080905/ex-broker-pleads-not-guilty-in-nyc-case.htm Fri, 05 Sep 2008 17:08:41 EDT A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were protected by the federal government. http://www.ibtimes.com/articles/20080903/sec-accuses-2-brokers-of-1b-subprime-fraud.htm Wed, 03 Sep 2008 17:36:16 EDT A federal grand jury is investigating mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Bancorp Inc., a person familiar with the situation told The Associated Press on Thursday. http://www.ibtimes.com/articles/20080724/report-grand-jury-investigating-subprime-lenders.htm Thu, 24 Jul 2008 14:49:18 EDT Federal authorities, responding to the subprime-mortgage crisis, have formed a task force to determine if lenders or Wall Street firms participated in fraud. http://www.ibtimes.com/articles/20080505/fed-task-force-eyes-lenders-and-wall-street-in-subprime-mess.htm Mon, 05 May 2008 14:52:28 EDT Goldman Sachs Group Inc's bet that securities backed by risky home loans would fall in value brought nearly $4 billion of profits in the year ended November 30, the Wall Street Journal reported on its Web site on Thursday, citing people familiar with its finances. http://www.ibtimes.com/articles/20071214/goldman-subprime.htm Fri, 14 Dec 2007 09:47:08 EST The U.S. subprime mortgage crisis was an "accident waiting to happen" as a period of unprecedented global growth seduced investors into underpricing risk, former Federal Reserve Chairman Alan Greenspan argued in an article published by The Wall Street Journal on Wednesday. http://www.ibtimes.com/articles/20071212/greenspan-subprime.htm Wed, 12 Dec 2007 05:43:31 EST President George W. Bush is expected to unveil a plan on Thursday to prevent a wave of home loan foreclosures that has threatened to knock the U.S. economy into recession and rattled investors worldwide. The plan hammered out by the U.S. Treasury Department in talks with mortgage industry leaders. http://www.ibtimes.com/articles/20071206/bush-subprime-mortgages.htm Thu, 06 Dec 2007 08:27:03 EST Wall Street's rebound from its first full-fledged correction in more than four years could continue this week if investors believe a plan to keep millions of Americans from losing their homes can work. http://www.ibtimes.com/articles/20071202/subprime-us-stocks.htm Sun, 02 Dec 2007 23:16:00 EST As banks work to clean up some of the subprime mortgage mess, they are finding new obstacles in unraveling the massive paper trail used to pool individual loans into mortgage-backed securities. http://www.ibtimes.com/articles/20071116/subprime-banks-deutsche-bank.htm Fri, 16 Nov 2007 08:16:06 EST