loans

(Newser) - When adjustable-rate mortgages are increased this year, hundreds of thousands of subprime borrowers  could lose their homes, triggering a precipitous drop in the housing market, CNNMoney reports. The threat is the latest in the emerging subprime loan crisis. Heartland industrial areas, as well as once-hot markets in California, Nevada and...

(Newser) - The undergirding of the current buyout boom is a dicey financing method called collateralized loan obligations—giant pools of bank loans packaged together by Wall Street and sold off in slices to investors, spreading the risk of default. The Journal reports that the  CLO glut is ushering in an age...

(Newser) - The CEO of student loan giant Sallie Mae resigned unexpectedly yesterday in the midst of a $25 billion buyout by a private equity firm. The Wall Street Journal reports that Thomas J. Fitzpatrick was pressured out to stave off Congressional criticism of the buyout by J.C. Flowers and Co,...