Subprime woes ripple through credit markets
USA Today - If you’ve got a first and second mortgage, which are you going to pay first?” Car loans: Like credit card rates, average car loans haven’t increased much in recent months. But auto lenders “have gotten a little more stringent about who to lend to with

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Sometimes “accomplice” spells “witness”
Cape Cod Today - Hendrick’s application for a building permit says the addition would cost $114,000, yet Hendricks is known to have taken out a second mortgage for $30,000. Where did he get the remaining after-tax $80,000? His salary from the tribal council

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San Francisco Gate - This piggyback mortgage shifted risk from mortgage insurance companies to second-mortgage holders. Today, investors are less willing to buy second mortgages and other risky home loans, contributing to a sharp slowdown in lending. The details: If you