Mortgage and Financial News From 2007-9-10 Page 13

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  • Fitch affirms BankUnited ratings

    Boston Globe - BankUnited FSB's long-term deposit rating was affirmed at "BBB-," the lowest ... real estate market and risks associated with the company's adjustable rate mortgage ... ARMs, which often feature very low introductory interest rates, have been subject ...
    2007-09-10 01:20:00

  • Stocks Turn Lower

    BusinessWeek - Concerns about credit markets and interest rates continued to weigh on stocks ... Total mortgage originations are expected to fall 25% from 2007 to 2008, Countrywide ... The 10-year note was up 18/32 to 103-16/32 for a yield of 4.31%, near the lowest ...
    2007-09-10 09:09:00

  • European 10-Year Yield Falls to 5-Month Low on Growth Outlook

    Bloomberg - ... yield on the two-year note, which is more sensitive to the outlook for interest rates, declined 4 basis points to 3.88 percent. It earlier touched the lowest ... roiled credit markets by reporting losses in a fund tied to the U.S. subprime mortgage ...
    2007-09-10 09:24:00

  • Treasuries Rise as Lockhart Says Job Market Weakened in June

    Bloomberg - Sept. 10 (Bloomberg) -- Treasuries rose, pushing two-year note yields to the lowest ... month's meeting in response to a slump in credit markets related to subprime mortgage ... Fisher will vote on rates next year, while Lockhart and Yellen decide in 2009 ...
    2007-09-10 01:13:00

  • U.S. Stocks Drop on Mortgage Concern; WaMu, Countrywide Retreat

    Bloomberg - Sept. 10 (Bloomberg) -- U.S. stocks fell for a second day, led by mortgage companies ... Countrywide slipped $1.01, or 5.6 percent, to $17.20, its lowest since August 2003 ... The Fed will be forced to cut interest rates at least twice this year, according ...
    2007-09-10 10:14:00

  • Wall Street Credit Costs Soar on Spread to U.S. Rates (Update2)

    Bloomberg - Treasury yields since 2002 pushed interest rates down for everyone from Procter ... As mortgage applications drop, Lehman, the biggest underwriter of bonds backed by ... Colombia is rated BBB- by S&P, the lowest investment-grade rating, and carries a ...
    2007-09-10 02:24:00

  • Overnight euro rates plummet (Reuters via Yahoo! UK & Ireland News)

    Overnight interbank euro lending rates slumped on Monday, depressed by waves of cash provided by the European Central Bank in recent weeks, but a month-old money market hiatus persisted as banks remained reluctant to lend to each other longer term.
    2007-09-10 11:07:00

  • WaMu, Wachovia Feel Pinch of Credit Turmoil

    CNBC - Washington Mutual , the largest savings and loan and sixth-largest mortgage lender, said it may set aside $500 million more for bad loans this year than the $1.5 billion to $1.7 billion it had forecast, citing what Chief Executive Kerry Killinger ...
    2007-09-10 12:30:00

  • comScore/Forrester Study Reveals That Half of Online Financial

    MSN MoneyCentral - ... with Forrester Research, Inc. FORR that examined consumer motivations in abandoning applications for online financial products, including checking accounts, savings accounts, credit cards, auto insurance, brokerage accounts, mortgage loans, home ...
    2007-09-10 09:24:00

  • Government's Mortgage Aid Questioned

    FOX News - In July, the Pennsylvania Housing Finance Agency launched a loan program that helps homeowners switch to a traditional 30-year fixed-rate mortgage at lower interest rates. The housing agency will buy the loans from lenders, financed by selling ...
    2007-09-10 01:34:00

  • Fitch Affirms 15 & Downgrades 5 Classes from 5 Centex Home Equity Loan ...

    Forbes - The pool factors (current mortgage loans outstanding as a percentage of the initial pool) range from 8% (2002-A Group 2) to 20% (2002-A Group 1). The loans are primarily serviced by Nationstar Mortgage LLC (formerly Centex Home Equity Company, LLC ...
    2007-09-10 08:55:00

  • Reverse Mortgages Help Cure Bad Loans

    Forbes - ... is an antidote to a burdensome mortgage that seniors have gotten themselves into," said Peter Ball (nyse: BLL - news - people ), the president of the National Reverse Mortgage Lenders Association. "As more people work through loans ...
    2007-09-10 01:34:00

  • Fitch Takes Various Actions on 3 SASCO GEL Securitizations

    Forbes - The collateral in the transactions consists of first and second liens on adjustable and fixed rate, fully amortizing and balloon, residential mortgage loans extended to subprime borrowers. Aurora Loan Services is the master servicer on all ...
    2007-09-10 09:31:00

  • Fitch Downgrades 4 & Affirms 3 Classes from Terwin Mortgage Trust ...

    Forbes - --Class M-2 downgraded to 'BBB+' from 'A'; --Class M-3 downgraded to 'BBB-' from 'A-'; --Class M-4 downgraded to 'BB' from 'BBB+'; --Class M-5 downgraded to 'B' from 'BBB'. The mortgage loans in the aforementioned transaction were originated by ...
    2007-09-10 09:02:00

  • Fitch Affirms $170.1MM from GS Mortgage Securities GSAA Alt-A ...

    Forbes - The affirmations reflect a satisfactory relationship between credit enhancement (CE) and future loss expectations and affect approximately $170.1 million of outstanding as certificates as of the August 2007 distribution date. The mortgage loans ...
    2007-09-10 10:06:00

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