My Alerts: Mortgage NYT (4 articles)

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Alert Name: Mortgage NYT
August 27, 2009 Compiled: 12:48 AM

US

More than a half-million option ARMs — mortgages with low initial payments that can rise sharply later — are scheduled to be reset in the next four years.

BUSINESS / GLOBAL BUSINESS

A bank hard hit by the subprime mortgage crisis receives government-engineered financial support.

BUSINESS / GLOBAL BUSINESS

The investment bank Natixis said that its partially state-owned parent company would guarantee about $50 billion in toxic assets on its books.

BUSINESS

The savings and loan industry had its first profit since the third quarter of 2007, but the number of “problem thrifts” has increased.

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