Mortgage and Financial News From 2007-11-16 Page 9

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Panel Urges Oversight, Tougher Laws to Slow Md. Foreclosure Rate
Washington Post - Middleton (D-Charles), chairman of the Senate Finance committee, said he is considering a bill to regulate mortgage brokers, as a way to weed out the ones offering bad loans. Nearly 70 percent of mortgage loans in Maryland are handled through brokers
2007-11-16 10:25:00
Huntington Bancshares will post a loss in the 4th quarter because of ...
MSNBC - The mortgage loans Franklin Credit issues act as collateral on its $1.5 billion in outstanding debt to Huntington Bancshares. Franklin issued $384.7 million in home loans last year and bought an additional $572 million in mortgage debt. If the value ...
2007-11-16 09:20:00
Initial public offerings priced this week
CNBC - The New York-based company invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. The stock closed the first day, Friday, at $14.90, off 10 cents from the ...
2007-11-16 01:52:00
Fannie shares fall; execs defend math for mortgage loss
USA Today - WASHINGTON (AP) — Fannie Mae executives on Friday defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts' concerns as its stock price fell. Shares of Fannie (FNM) , the largest U.S. buyer ...
2007-11-16 02:06:00
Lenders may not pass on rate cuts
Times Online - Savings rates are quite attractive at the moment as banks try to get extra cash to back up their mortgage loans. But banks are keen to lure savers who leave their money untouched. Savers who reguarly dip into their rainy day fund will not be able to ...
2007-11-16 01:16:00
Delta Fin. Holder to Get Large Block
Forbes - The closing conditions for the deal include a stipulation that Delta Financial price a securitization of about $500 million in mortgage loans or have alternative financing for the loans. The company hopes to close the deal with Angelo, Gordon by Dec ...
2007-11-16 01:16:00
More doubts about Fannie Mae's disclosures
CNN Money - Dan Lothian reports on the worsening foreclosure crisis in Cleveland. (Fortune) -- Fannie Mae sought to reassure nervous investors Friday after questions arose about a key change in the way the mortgage lender discloses its bad loans -- and whether ...
2007-11-16 02:14:00
JER Investors Trust Inc. (NYSE: JRT) to Present at the FBR Capital ...
MSN MoneyCentral - The Company's target investments include commercial mortgage backed securities, mezzanine loans and B-Note participations in mortgage loans, commercial mortgage loans and net leased real estate investments. JER Investors Trust Inc. is organized ...
2007-11-16 02:14:00
Update 1-S&P cuts $3.7 bln RMBS ratings
Reuters - ... Standard & Poor's on Friday cut the ratings on $3.7 billion of residential mortgage-backed securities from this year's first half, which are supported by U.S. first-lien subprime, first-lien Alt-A, and closed-end second-lien mortgage loans. The ...
2007-11-16 01:23:00
S&P cuts $3.7 bln subprime, Alt-A, 2nd-lien RMBS
Reuters - NEW YORK, Nov 16 (Reuters) - Standard & Poor's cut the ratings on $3.7 billion of residential mortgage-backed securities (RMBS) supported by U.S. first-lien subprime, first-lien Alt-A, and closed-end second-lien mortgage loans on Friday. The 536 ...
2007-11-16 12:48:00
Friday's IPO Wrap-up
Forbes - Chimera Investment Corp. Friday priced its IPO of 33,333,334 shares at $15 a share. The Maryland-based residential mortgage loans investment company granted an option for underwriters to purchase an additional 5 million shares to cover any over ...
2007-11-16 12:19:00
S&P may cut 803 classes of second-lien RMBS
Reuters - NEW YORK, Nov 16 (Reuters) - Standard & Poor's on Friday said it may cut ratings on 803 classes of U.S. residential mortgage-backed securities backed by closed-end second-lien mortgage loans issued from the beginning of 2004 through the end of 2006 ...
2007-11-16 01:52:00
Federal judge tells trust to show clear mortgage documentation in ...
CNBC - In the often complex arena of the sale and pooling of mortgage loans, proof of just who holds a debt can become clouded. Boyko warned Deutsche Bank National Trust on Oct. 10 that he would dismiss the 14 foreclosures it was seeking through his court if ...
2007-11-16 12:33:00
Fannie Mae execs defend change in how it discloses losses on home loans (Minneapolis-St. Paul Star Tribune)
WASHINGTON Fannie Mae executives today defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts' concerns as its stock price fell.
2007-11-16 08:07:55
Skeptical analysts question Fannie Mae mortgage-loss calculations (Seattle Times)
Fannie Mae executives today defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts'...
2007-11-16 01:08:19

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