United States Economy
Month: March 2007
United States Economy
Accredited Home Lenders shares plunge 64%
The crisis among US subprime mortgage lenders continues as Accredited Home Lenders fall 64% in a single trading session. » ‘Liquidity crisis’ seen looming for Accredited Home; shares plunge – Market Watch, March 23th 2007.
United States Economy
Collateral Damage, Subprime Style
Panic today among shares of US subprime lenders with NovaStar Financial falling 41%, Accredited Home Lenders falling 26% and Fremont General falling 32% as investors make way for the exits of a industry full of bad debts. » ‘Panic’ takes hold as subprime lenders slump – Market Watch, March 5, …
United States Economy
Subprime loan concerns in the US
There are concerns today in the US subprime market after New Century Finance fell 7.6% after it delayed filing earnings. Countrywide Financial also fell 1.1% after a report suggested it saw a sharp increase in late payments in 2006 » U.S. stocks end lower as jitters continue, Dow falls 80 …