Irish sub-prime mortgage lender halts trading

[kerrynorth]

Fresh Mortgages, a sub-prime lender, has halted trading after Credit Suisse stopped underwriting its loans. There seems to be some contradiction as to why Credit Suisse withdrew backing. Fresh claim that is due to the price Credit Suisse wanted to charge in the credit crunch or they may have just not wanted the exposure to the Irish property market. Fresh had only started trading in May. www.independent.ie

[Watcher]

Fresh Mortgages, a sub-prime lender, has halted trading after Credit Suisse stopped underwriting its loans. There seems to be some contradiction as to why Credit Suisse withdrew backing. Fresh claim that is due to the price Credit Suisse wanted to charge in the credit crunch or they may have just not wanted the exposure to the Irish property market. Fresh had only started trading in May. www.independent.ie

Thank God. May more of these parasites leave the Irish banking world until it is properly regulated. I agree that some customers of subprime lenders need to be catered for e.g. self employed etc, but the whole subprime industry in general needs to be sorted out before we get the US style NINJA mortgages.

I cant wait until subprime customers under threat of reposession begin to challenge the reposession orders along the same lines as the Ohio cases last week.

[Watcher]

Here is a link to the article that tells you all about the Ohio cases

[odie1kanobe]

There will be more casualties and with markets potentially looking at a $400 Bn hit it will impact many in terms of increased interest rates.

In addition there will be fewer takeovers and lots of companies will decide to hold off on capital investment as better to have the cash than borrow it.

[Watcher]

There will be more casualties and with markets potentially looking at a $400 Bn hit it will impact many in terms of increased interest rates.

In addition there will be fewer takeovers and lots of companies will decide to hold off on capital investment as better to have the cash than borrow it.

Move your mortgage to a tracker now.

[kerrynorth]

There will be more casualties and with markets potentially looking at a $400 Bn hit it will impact many in terms of increased interest rates.

In addition there will be fewer takeovers and lots of companies will decide to hold off on capital investment as better to have the cash than borrow it.

Move your mortgage to a tracker now.

Yeah. The margins on variable rates are going to have rise 0.25pc+.