Mortgage and Financial News From 2007-10-19 Page 5

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  • Bonds Rally on Safe-Haven Bid as Stocks Tumble

    CNBC - Two-year yields reached their lowest levels in two years. For the week, two-year ... Convexity buying occurs when mortgage-backed portfolio managers try to raise the ... worries strengthened the view that the Federal Reserve would cut interest rates ...
    2007-10-19 01:59:00

  • Japan's Bonds Complete Best Week in 2 Months on Credit Concerns

    Bloomberg - ... Toshihiko Fukui said on Oct. 18 problems stemming from the U.S. subprime mortgage ... The advance in bonds was tempered by speculation 10-year yields at the lowest in ... Bonds also gained as investors cut bets the central bank will raise interest rates ...
    2007-10-19 04:30:00

  • Column: The credit crisis is far from over, just look at what the new ...

    International Herald Tribune - ... Standard & Poor's made another sweeping downgrade of the credit ratings on mortgage ... on the housing front, with construction of new homes plunging to the lowest level ... unsecured commercial paper or other forms of short-term debt at low interest rates ...
    2007-10-19 05:06:00

  • Market turmoil, exchange rates on G7 radar

    New Straits Times - ... analysts said officials would also likely debate tensions over exchange rates. The ... that turbulence sparked by a meltdown in the US subprime -- or high-risk -- mortgage ... The dollar is trading at its lowest level in decades against the British pound, the ...
    2007-10-19 02:57:00

  • Two-Year Treasuries Rise Most Since Sept. 11 Attacks on Credit

    Bloomberg - ... market losses stoked speculation that the Federal Reserve will cut interest rates ... Two-year note yields have fallen 46 basis points this week to the lowest since ... Wachovia Corp. today said net income fell 10 percent after writedowns for mortgage ...
    2007-10-19 01:59:00

  • U.S. Stocks Fall Most in 2 Months; Banks, Energy Shares Tumble

    Bloomberg - The Dow Jones Industrial Average lost 367 points and closed at the lowest since the ... estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed ... the 20th anniversary of ``Black Monday,'' when an increase in U.S. interest rates ...
    2007-10-19 03:47:00

  • Brutal selloff on Wall Street

    CNN Money - ... worst since the steep selloff in early August in the midst of the credit and mortgage ... The decline Friday left the blue-chip indicator at its lowest point since Sept. 17, the day before the Federal Reserve cut interest rates for the first time in 4 ...
    2007-10-19 03:25:00

  • Consumers Still Concerned About Electricity Rates

    Forbes - ... hardships, concerns and frustrations with the recent volatility of utilities rates ... But now, the fee is higher than my mortgage." Ratepayers shared many similar stories ... the crowd, "but there are initiatives that will help achieve the long-term lowest ...
    2007-10-19 01:59:00

  • Fitch Affirms 2 and Downgrades 3 Classes from CSFB HEAT 2003-1

    Forbes - The collateral of the aforementioned transaction consists of first and second lien fixed-rate and adjustable-rate subprime mortgage loans. All of the mortgage loans were purchased by an affiliate of the depositor from various sellers in secondary ...
    2007-10-19 11:51:00

  • Texas might escape national downturn, analyst says

    San Antonio Express News - If you think this year's subprime lending implosion has nothing to do with your business, you're wrong. This recent rockiness in home mortgages isn't just about loans to borrowers with questionable credit histories — the entire mortgage lending ...
    2007-10-19 03:54:00

  • Wachovia warns of further falls

    MSNBC - Wachovia on Friday warned that the downturn in US credit markets might extend into next year as writedowns from losses on leveraged loans and mortgage-backed securities triggered a 10 per cent drop in third-quarter earnings. The fourth-biggest US ...
    2007-10-19 04:23:00

  • Fitch Affirms Mezz Cap Comm'l Mtge Trust 2005-C3

    Forbes - The mortgage loans consist of two notes - the A note, or senior component, which is not included in this trust's mortgage assets, and the B note. The B notes in this pool consist of subordinate interests in the first mortgage loans. All loans are ...
    2007-10-19 09:56:00

  • Outlook Roundup: Angiotech

    CNBC - ... third-quarter profit estimate Friday below Wall Street predictions, partially blaming weaker activity in the Gulf of Mexico on hurricanes. COLUMBUS, Ind. (AP) _ Irwin Financial Corp., a lender focused on small business and consumer mortgage loans ...
    2007-10-19 12:41:00

  • Wachovia profits slip 10% for quarter

    MSN MoneyCentral - The fourth-biggest US lender wrote down $1.3bn to account for losses on leveraged loans, mortgage-backed securities and commercial-paper investments. "I'm deeply disappointed that our overall results are not better," Ken Thompson, chief executive of ...
    2007-10-19 10:32:00

  • Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update8)

    Bloomberg - Oct. 19 (Bloomberg) -- Wachovia Corp. reported its first earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities. Net income fell 10 percent at the nation's ...
    2007-10-19 01:09:00

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