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Last updated on April 19, 2014 at 1:20 EDT

Latest Subprime crisis background information Stories

2014-02-05 08:31:09

DENVER, Feb. 5, 2014 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended December 31, 2013. 2013 Fourth Quarter Highlights and Comparisons to 2012 Fourth Quarter -- Net income of $30.7 million, or $0.62 per diluted share vs. $29.7 million, or $0.59 per diluted share -- Pretax income of $34.3 million, up 15% from $29.9 million -- Home sale revenues of $460.9 million, up 18% -- Gross margin from home sales of 17.4% vs. 16.7%,...

2013-10-29 08:34:51

DENVER, Oct. 29, 2013 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended September 30, 2013. 2013 Third Quarter Highlights and Comparisons to 2012 Third Quarter -- Net income of $36.3 million, or $0.73 per diluted share vs. net income of $20.1 million, or $0.41 per diluted share -- Pretax income of $34.9 million, up 79% from $19.5 million -- Homebuilding pretax income of $26.7 million vs. $10.2 million -- Pretax...

2013-09-03 23:00:57

A new article from LoanLove.com takes a look at the Fed's bonds buying activity and explains the effect it has on mortgage interest rates. San Diego, CA (PRWEB) September 03, 2013 LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated...

2013-03-16 23:01:48

Complete Auto Loans, http://www.completeautoloans.com/, has released 3 tips that will help drivers get bad credit auto loans at an affordable rate. (PRWEB) March 17, 2013 More and more, borrowers who have been in bad financial straits now have a chance to redeem their credit score. Anyone who is looking for assistance when financing their car can turn to bad credit auto loans, one of the best ways to repair one´s credit history by paying off a car. Though the country is still suffering...

2013-02-12 23:02:30

Since the United States has seen a significant increase in debt, filing for bankruptcy, and foreclosures within the past few years, Law99 now provides affordable lawyers that can assist consumers with their problems. Virginia Beach, VA (PRWEB) February 12, 2013 According to the latest research, it has come to Law99´s attention that American consumers owe around $11.31 trillion in debt. $858 billion of this amount is in credit card debt, while $8.03 trillion is in mortgages and $956...

2013-01-31 08:31:45

DENVER, Jan. 31, 2013 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended December 31, 2012. 2012 Fourth Quarter Highlights and Comparisons to 2011 Fourth Quarter Net income of $29.7 million, or $0.59 per diluted share vs. net loss of $18.8 million, or $0.40 per diluted share 2011 fourth quarter included $20.2 million charge related to debt extinguishment Net new orders of 869 homes, up 66% Backlog of 1,645 homes, up 58%; backlog dollar value up...

2012-05-03 02:34:00

DENVER, May 3, 2012 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended March 31, 2012. 2012 First Quarter Highlights and Comparisons to 2011 First Quarter Net income of $2.3 million, or $0.04 per diluted share, vs. net loss of $19.9 million, or $0.43 per diluted share Net new orders of 1,063, up 51% Backlog of 1,487 homes, up 50% Home sale revenues of $184.7 million, up 13% 619 homes closed, up 12% Homebuilding SG&A expenses of...

2012-01-30 06:59:00

ATLANTA, Jan. 30, 2012 /PRNewswire/ -- In 2011, U.S. consumers were much more diligent in paying against their debts, resulting in significant declines in delinquency rates among the majority of tracked lending sectors in Equifax's December National Credit Trends Report. (Logo: http://photos.prnewswire.com/prnh/20060224/CLF037LOGO ) U.S. consumers weren't just doing a better job of paying their bills on time in 2011; the data also reflects a cumulative decline in total consumer...

2012-01-26 13:06:48

Incentives can worsen outcomes for firms needing financing When a firm experiences a negative shock — e.g. a drop in revenues, loss of the CEO — it will face difficulties when raising new debt for many reasons. The most obvious reason for this difficulty is that the fundamentals of the firm are weaker and lenders recognize that there is less chance the firm can generate the necessary cash flows to repay the loan. Another primary reason is that a lender may worry that the bad...

2011-11-02 09:04:00

ATLANTA, Nov. 2, 2011 /PRNewswire/ -- Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report. (Logo: http://photos.prnewswire.com/prnh/20060224/CLF037LOGO ) Auto finance lenders have outpaced bank and credit union lending to subprime borrowers* over the past 2 years as well. According to the most recent monthly report, there were 854,800 auto finance company-originated loans in...