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Latest Subprime Mortgage News

  • BNP Paribas chief says worst could be over 14 May 2008 17:42 GMT
    ... BNP Paribas chief says worst could be over Published: ... the financial crisis resulting from the US sub-prime mortgage market was over. He said March had ...

  • MBIA questions latest Moody's warning on bond insurer ratings 14 May 2008 17:17 GMT
    ... more than 6% after the agency's warning. But there are "significant" differences between the subprime second-lien mortgage securities that Moody's is worried about and the prime second-lien mortgage securities that the ...

  • Fremont General anticipates bankruptcy 14 May 2008 17:16 GMT
    ... voluntary Chapter 11 bankruptcy as the Brea-based subprime lender heads toward complete liquidation. The parent of ... repay. The bank joins more than 100 mortgage companies that have ceased operations or sold ...

  • Some Homeowners Say 'No Sale' to Cold Market 14 May 2008 17:16 GMT
    ... Federal Housing Administration (FHA) program to help subprime lenders who are late with their payments. The ... the program to refinance into prime-rate, FHA-insured mortgages by the end of the year. However, ...

  • Euro, pound, yen slightly lower against dollar as U.S. inflation below forecasts 14 May 2008 17:16 GMT
    ... A look at the French housing market's resilience to the subprime mortgage crisis. Emergency water supplies arrive in the Spanish port of Barcelona which is grappling ...

  • BofA foresees higher home-equity loan losses 14 May 2008 17:16 GMT
    ... billion acquisition of Countrywide, the nation's largest mortgage lender, recently reported a first-quarter net loss ... amid concerns about its exposure to the subprime-mortgage market. Since then, that market has deteriorated, ...

  • ING's Q1 earnings impacted by downturn in financial markets 14 May 2008 17:15 GMT
    ... million after-tax, which reflected the high structural credit protection of the securities in ING's subprime and Alt-A residential mortgage-backed securities portfolios. ...

  • Comment: Keep hold of basic rules of finance 14 May 2008 17:15 GMT
    ... agencies determined that certain leveraged pools of mortgage-backed securities deserved the highest ratings. The idea ... might be pushed into widespread defaults on subprime mortgages apparently escaped them. The result was the ...

  • Keep hold of the basic rules of finance 14 May 2008 17:15 GMT
    ... agencies determined that certain leveraged pools of mortgage-backed securities deserved the highest ratings. The idea ... might be pushed into widespread defaults on subprime mortgages apparently escaped them. The result was the ...

  • Royal Bank of Canada to take C$855 mln writedown 14 May 2008 17:15 GMT
    ... Royal took a pretax charge of C$430 million in the first quarter on U.S. subprime mortgage-related assets, among other items. ...

  • UPDATE 3-Royal Bank of Canada to take C$855 mln writedown 14 May 2008 17:10 GMT
    ... Royal took a pretax charge of C$430 million in the first quarter on U.S. subprime mortgage-related assets, among other items. ...

  • Mortgage Expo: Securitisation 'may never recover' from credit crunch 14 May 2008 17:09 GMT
    ... Mortgage Expo: Securitisation 'may never recover' from credit ... Council of Mortgage Lenders. Much of the sub-prime market is based on debt securitisation, where ...

  • BofA expects more home-equity loan losses 14 May 2008 17:09 GMT
    ... billion acquisition of Countrywide, the nation's largest mortgage lender, recently reported a first-quarter net loss ... amid concerns about its exposure to the subprime-mortgage market. Since then, that market has deteriorated, ...

  • SMC seeks banks' help with longer loan term 14 May 2008 17:09 GMT
    ... SMC seeks banks' help with longer loan term By ... Published on May 15, 2008 The Secondary Mortgage Corp wants banks to help offer home ... have been partly blamed for the current sub-prime crisis there, said Pornnipa Hachaiyaphum, senior vice ...

  • Ford recalling more than 655,000 Ford F-150 and Lincoln Mark LT pickup trucks to fix a hose 14 May 2008 17:09 GMT
    ... A look at the French housing market's resilience to the subprime mortgage crisis. Emergency water supplies arrive in the Spanish port of Barcelona which is grappling ...

  • Freddie Mac loses $151M in 1Q, but beats expectations 14 May 2008 17:09 GMT
    ... Photo: In this Nov. 29, 2007 file photo, Richard ... CEO of Freddie Mac, talks about the sub-prime lending crisis and its effect on the ... effect on the housing market in Boston. Mortgage finance company Freddie Mac's first quarter loss ...

  • Median home prices tumble in many cities 14 May 2008 17:08 GMT
    ... problem in the first quarter on soaring mortgage foreclosures which are dumping more homes on ... at the same time foreclosures related to subprime mortgages rose," said Lawrence Yun, chief economist for ...

  • Sun Life sees boost from China and India offsetting headwinds in North America 14 May 2008 17:08 GMT
    ... hammered in recent months by the uncertainties spawned by the collapse of the U.S. subprime mortgage market, while the loonie's rise against foreign currencies also created a drag on earnings. ...

  • Bernancke's Federal Reserve Freakout 14 May 2008 17:07 GMT
    ... sauce, custard and tapioca. What's got Bernanke scared is that "about one quarter of subprime adjustable-rate mortgages are currently 90 days or more delinquent or in foreclosure. Delinquency rates also have ...

  • Boston Fed chief: Wall Street underestimated subprime risks 14 May 2008 17:07 GMT
    ... ratings and the capital needed to hold mortgage securities underestimated the risk.” Rosengren said many ... many experts failed to consider how a subprime meltdown would spill over into the broad economy, ...

  • RBS gets over 95 pct backing for rights issue 14 May 2008 16:45 GMT
    ... A look at the French housing market's resilience to the subprime mortgage crisis. Emergency water supplies arrive in the Spanish port of Barcelona which is grappling ...

  • Bubble in renewable energy seen 14 May 2008 16:45 GMT
    ... A look at the French housing market's resilience to the subprime mortgage crisis. Emergency water supplies arrive in the Spanish port of Barcelona which is grappling ...

  • O2 prompts speculation over 3G iPhone 14 May 2008 16:45 GMT
    ... A look at the French housing market's resilience to the subprime mortgage crisis. Emergency water supplies arrive in the Spanish port of Barcelona which is grappling ...

  • Lloyds TSB says 450 IT jobs to move to India 14 May 2008 16:45 GMT
    ... A look at the French housing market's resilience to the subprime mortgage crisis. Emergency water supplies arrive in the Spanish port of Barcelona which is grappling ...

  • RBS shareholders approve stock sale while Bradford & Bingley announces own rights issue 14 May 2008 16:45 GMT
    ... in British corporate history as another British mortgage lender announced plans of its own for ... hits from its exposure to the U.S. subprime mortgage crisis and last year's costly buyout of ...


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