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1. Some issues raised by MF Global and sovereign debt defaults are already hinting at an expansion of systemic risk.

2. The China Banking Regulatory Commission is asking commercial lenders to conduct quarterly stress tests of property loans in case of massive loan defaults.

3. Mortgage defaults would mean that the banks would collect on their collateral, the houses and would be saddled with many houses they don't want.

4. Perhaps this is not surprising given the loan defaults from risky commercial lending of recent past.

5. As there is a dearth of laws safeguarding migrant workers'rights, wage payment defaults are an ongoing and common problem.

6. Construction firms account for over 70 per cent of wage defaults, followed by the catering industry.

7. " That should help " if US consumer spending declines amid rising mortgage defaults and tighter credit, he said.

8. Commodities investment guru Jim Rogers has stepped into the US subprime fray, predicting a real estate crash that would trigger defaults and spread contagion to emerging markets.

9. It has fired managers and curtailed lending to heavily indebted borrowers to counter a rise in consumer loan defaults at its US unit.

10. Countrywide is among the dozens of mortgage lenders that have battled a spike in mortgage defaults and foreclosures.