Mortgage and Financial News From 2007-12-5 Page 3

RSS Feed

Previous Day: 2007-12-04

Return to the mortgage news archive home.

  • SIV move lifts shares in Standard Chartered

    Times Online - ... Whistlejacket, its structured investment vehicle (SIV), and told shareholders that it was highly likely to do a second ... also said that it had taken a $133 million book loss on a derivatives hedging transaction involving South Korean mortgages ...
    2007-12-05 09:01:00
  • Fitch warns on UK non-conforming mortgage bonds

    Reuters - ... on 43 portions of bonds in 17 deals backed by UK non-conforming residential mortgages to negative on Wednesday due to the turmoil in the money markets. Fitch said that the bonds -- backed by loans to people with poor credit histories, second ...
    2007-12-05 11:35:00
  • Asian Stocks Rise to One-Month High on Improved U.S. Outlook

    Bloomberg - ... subprime, or higher risk, mortgages will slow growth in the largest market for Asian exports. Mitsubishi UFJ, Japan's biggest publicly traded bank, rose 4.4 percent to 1,203 yen. Sumitomo Mitsui Financial Group Inc., the nation's second ...
    2007-12-05 09:43:00
  • Fitch Rates Maryland CDA's $2.3MM Housing Revs 'AA'

    Forbes - The primary credit concern stems from the general resolution provisions that allow for funding of various types of loans, including uninsured and second lien mortgages. However, currently more than 99% of the loans are either partially or fully ...
    2007-12-05 09:48:00
  • Japan's Bonds May Decline After U.S. Jobs Report Shows Growth

    Bloomberg - Dec. 6 (Bloomberg) -- Japanese bonds may fall for a second day after a private report showed the U.S. added more jobs in ... speculation the U.K. and U.S. governments may be able to restrain the spread of losses as foreclosures on subprime mortgages ...
    2007-12-05 03:53:00
  • Letter from a worker in the UK sub-prime mortgages sector

    World Socialist Web Site - Letter from a worker in the UK sub-prime mortgages sector 6 December 2007 Use this version to print | Send this link by email | ... Lehman Brothers for instance has already scrapped its second charge company LMC (London Mortgage Company), dealing with ...
    2007-12-05 08:46:00
  • Merrill May Report Further $4.5 Billion Writedown, Citi Says

    Bloomberg - He also cut his share-price estimate for the second-biggest U.S. securities firm to $80 from $85. To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net Last Updated: December 5, 2007 08 ...
    2007-12-05 06:13:00
  • Google.com.au reveals 2007’s biggest stories

    e-Travel Blackboard - Google has also broken down the internet searches so that they are state specific- showing that Queensland comes first when it comes to searches for second mortgages, NSW leads on searches for European holidays and Victorians search the most for ...
    2007-12-05 01:51:00
  • Bush, Paulson Attempt to Prolong Expansion With Subprime Freeze

    Bloomberg - Bush today will announce a freeze on some subprime mortgages in an effort to stop a wave of foreclosures undoing the six-year ... Freddie Mac, the second-largest provider of money for U.S. home loans, gained 3.8 percent. Washington Mutual, the largest ...
    2007-12-05 09:29:00
  • Subprime Rate Five-Year Fix Agreed by U.S. Regulators (Bloomberg via Yahoo! News)

    Dec. 5 (Bloomberg) -- Federal regulators and U.S. lenders agreed to freeze interest rates on subprime mortgages for five years to stem rising foreclosures, said a person familiar with the measure.
    2007-12-05 03:28:25
  • Banking concerns keep bonds lower (International Herald Tribune)

    In Europe, bonds gained for a second session as concern over rising credit costs linked to U.S. subprime mortgages and falling global equity markets increased demand for government debt.
    2007-12-05 01:04:35
  • Citizens' fund risk significant

    St. Petersburg Times - Not risk from hurricanes, but from troubled securities tied to the subprime mortgage ... Not only is Citizens the single largest investor in the troubled fund, it also ... than $560-million - are exposed to securities that have defaulted, missed interest ...
    2007-12-05 07:42:00
  • Bush mortgage plan will freeze certain subprime interest rates for ...

    International Herald Tribune - Bush mortgage plan will freeze certain subprime interest rates for five years ... for a longer time frame of as much as seven years and industry arguments that the freeze should only ...
    2007-12-05 11:42:00
  • US: Bush mortgage plan will freeze certain subprime interest rates for ...

    MSN UK News - US: Bush mortgage plan will freeze certain subprime interest rates for five years ... has hammered out an agreement with industry to freeze interest rates ... as seven years and industry arguments that the freeze should only ...
    2007-12-05 12:39:00
  • Interest rate call on knife edge

    BBC News - The Bank of England's interest rate decision is too close to call, analysts have said ... dropped 1.1% in November saying that higher borrowing costs and increased mortgage ... Not only do the abnormalities of this credit market crisis threaten to destroy ...
    2007-12-05 02:48:00