The United States subprime mortgage crisis will not peak until 2009, says rating agency Standard and Poor’s, adding it also underestimated the extent of fraud in the industry.

Laird says rates on subprime mortgages have inched up between 50 and 150 basis points in the last six weeks — a jump of as much as 1.5 percentage points in some cases, or the difference between ...

The great carelessness that has marked the continuing U.S. housing crisis keeps claiming more victims. Yesterday, Statistics Canada reported that our country lost 39,200 full-time jobs last month ...

The recent turbulence on financial markets associated with the U.S. sub-prime lending crisis has not reached systemic levels of intensity, but there are still serious causes for concern, cautions ...

It appears that inflation has replaced the credit crunch as the financial markets’ biggest worry. Although the markets’ collective attention may have waned, that doesn’t mean the risks have abated.

By Canadian Underwriter,| August 23, 2007 | Last updated on October 30, 2024 2 min read Plus Icon Image ...

To be sure, there are many similarities between them and the subprime mortgages that precipitated the financial crisis of 2008 and 2009. But there are key differences as well that should make it ...