Mortgages loan - Bear Stearns Bonds Approach Junk in New Note
| Bear Stearns Bonds Approach Junk in New Note Sale (Update3) Bloomberg - The firm ousted Co-President Warren Spector Aug. 5 after credit-market losses and mortgages loan waning investor confidence increased pressure for management changes at the second-largest underwriter of mortgages. Bear Stearns spokesman Russell Sherman Source: www.bloomberg.com M2 Lending Solutions Offers Refinancing Option for Homeowners with Sub Forbes - Homeowners have been hit hard by adjustable rate mortgages that have sharply adjusted upward," said Chris Murphy, founder and mortgages loan principal for M2 Lending Solutions. "Since this loan is not FICO driven, everyone has access to competitive interest rates Source: www.forbes.com Number of mortgages down 25% in first quarter of year Belfast Telegraph - The number of mortgages being taken out is down by almost one-quarter in the first quarter of this year, according to new government figures out today. According to the Department of the Environment, just over 21,000 mortgages were drawn down in Source: www.belfasttelegraph.co.uk Dexia says remains comfortable with its exposure to subprime mortgages Forbes - BRUSSELS (Thomson Financial) - Financial Security Assurance Holdings Ltd (FSA), the Dexia subsidiary involved in the US subprime market, says it is not concerned over its exposure to subprime mortgages. FSA CEO Robert P. Cochran said in a statement Source: www.forbes.com UPDATE 1-U.S. mortgage bond prepayments decrease in July Reuters - Mortgage finance company Freddie Mac (FRE.N: Quote , Profile , Research ) said interest rates on U.S. 30-year mortgages averaged 6.70 percent in July, up from 6.66 percent in June. Rates on 15-year mortgages averaged 6.36 percent, up from June's 6.34 Source: www.reuters.com Mortgage Credits Up 60% in First Half Year Kommersant - The rate and mortgages loan term of mortgages granted in foreign currency remains practically unchanged. Such mortgages accounted for 38 percent of the market at the beginning of the year, and mortgages loan for 33 percent on July 1. Analysts and mortgages loan the authorities agree that these Source: www.kommersant.com |