Mortgage and Financial News From 2008-2-15 Page 14

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UPDATE 4-Bond insurer FGIC plans to split in two
Forbes - NEW YORK (Reuters) - FGIC Corp, a bond insurer that has lost its top credit ratings ... dollars of payouts in coming years after insuring bonds linked to subprime mortgage ... The "good-bank/bad-bank" plan would allay fears that losses from structured ...
2008-02-15 11:57:00
Hunting for hard evidence in subprime probes
Reuters - ... launched dozens of probes linked to the subprime meltdown, but to separate bad ... could shed light on how problems with home loans to Americans with poor credit ... The agency is looking at issues such as mortgage originations, accounting ...
2008-02-15 02:35:00
UBS: Banks Face $203B in Writedowns
Forbes - ... in further write-downs from the crisis facing bond insurers and from bad bets on mortgage-backed securities and leveraged buyouts, UBS AG said Friday. "The problem is broadening from just subprime CDO write-downs to potentially a much bigger credit ...
2008-02-15 02:27:00
Stocks Finish Mixed After Weak Data
NPR News - The uncertainty lapping at Wall Street is in part due to the opaque nature of subprime mortgage debt. Many of these loans, which are now going bad, were sold off in exotic debt packages whose worth is difficult to determine. The concerns about ...
2008-02-15 01:59:00
great leap forward - Times Online
great leap forwardTimes Online, UK - 3 hours agoHas he got a mortgage? “Oh yeah. Big mortgage.” He doesn’t have any other property. As an only child, his parents now dead, he inherited his mum and dad’s ...
2008-02-15 01:17:59
Fitch Downgrades $5B in Mortgage Bonds - Houston Chronicle
Fitch Downgrades $5B in Mortgage BondsHouston Chronicle, United States - 3 hours agoFitch said the home loans providing the payments from these bonds are suffering from bad credit as sinking home prices strap borrowers. ...
2008-02-15 01:32:36
The week's top news and analysis - MarketWatch
The week's top news and analysisMarketWatch - 3 hours agoWhile the mortgage-market crisis is nothing new, it's relatively uncharted territory for investor Warren Buffett. On Tuesday, Berkshire Hathaway (BRKA: , ...
2008-02-15 01:59:19
Regulator in crisis talks to save bond insurers - Financial Times
Regulator in crisis talks to save bond insurersFinancial Times, UK - 3 hours agoThe size of any bank losses will depend on the credit ratings of the “bad book” at FGIC. A group of banks including Calyon, investment banking arm of Credit ...
2008-02-15 02:09:35
Driven Crazy by Direct Mail - Chronicle of Philanthropy (subscription)
Driven Crazy by Direct MailChronicle of Philanthropy (subscription) - 2 hours ago“You refinanced a mortgage or got a new credit card. You subscribed to a magazine or donated money to a charity.” Such complaints are not new, but those who ...
2008-02-15 02:17:07
UBS: Banks Face $203B in Writedowns - Forbes
UBS: Banks Face $203B in WritedownsForbes, NY - 2 hours ago"The problem is broadening from just subprime CDO write-downs to potentially a much bigger credit problem" that may touch even prime mortgages, credit cards ...
2008-02-15 02:36:38
The bursting of Britain's housing bubble - CBC News
The bursting of Britain's housing bubbleCBC News, Canada - 1 hour agoBut the number of new mortgages has dropped drastically as well, presaging a slowing of the economy. The credit crunch is truly beginning to bite, ...
2008-02-15 03:16:35
Banks hit as US nerves spread to FTSE-100 - The Herald
Banks hit as US nerves spread to FTSE-100The Herald, UK - 1 hour agoAnd, in spite of mounting worries about consumers in the UK reaching financial exhaustion as higher mortgage payments, surging power bills and rising petrol ...
2008-02-15 04:02:36
The Coming Muni Bonds Default Crisis…and the Monoline Downgrade Saga… - RGE Monitor
The Coming Muni Bonds Default Crisis…and the Monoline Downgrade Saga…RGE Monitor, NY - 1 hour agoThe latest saga in the credit market relates to the nexus between monolines, borrowing by state and local governments (the muni bonds market) and the ...
2008-02-15 04:03:13
From The Times - Times Online
From The TimesTimes Online, UK - 1 hour agoKey mortgage bond insurers such as Financial Guaranty and Ambac guarantee the interest and principal payments on securities they underwrite and face ...
2008-02-15 04:06:26
Inland consumer confidence falls as does US trend - Press-Enterprise
Inland consumer confidence falls as does US trendPress-Enterprise, CA - 38 minutes ago"Even someone who pays his mortgage and has been in the same home for 10 years can look around the neighborhood. He sees his neighbor's homes that used to ...
2008-02-15 04:37:49

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