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<title>Finance Industry Today: Subprime Mortgage News</title>
<link>http://finance.einnews.com/news/subprime-mortgage</link><description>Constantly updated news and information about finance industry.</description><item>
<title>Fitch Downgrades 7 Classes of Jupiter High Grade CDO VII, Ltd.</title>
<link>http://finance.einnews.com/news.php?wid=184038439</link>
<pubDate>19 Aug 2008 21:19 GMT</pubDate>
<description>
...  &apos;C&apos; from &apos;CC&apos;. Fitch&apos;s rating actions reflect the collateral deterioration within the portfolio, specifically subprime residential mortgage backed securities (RMBS), and structured finance (SF) collateralized debt obligations (CDO) with underlying exposure  ...
</description>
</item><item>
<title>The Worst is to Come</title>
<link>http://finance.einnews.com/news.php?wid=184037103</link>
<pubDate>19 Aug 2008 21:16 GMT</pubDate>
<description>
...  big banks.&quot; And the dark twins of mortgage finance didn&apos;t escape unscathed, not by a  ...  damning article, titled &quot;Fannies&apos;s Perilous Pursuit of Subprime Loans.&quot; The article is definitely worth a  ...
</description>
</item><item>
<title>SmarTrend(R) Market Wrap-Up -- August 19, 2008</title>
<link>http://finance.einnews.com/news.php?wid=184033945</link>
<pubDate>19 Aug 2008 20:50 GMT</pubDate>
<description>
...  concerns over possible writedowns on the bank&apos;s mortgage backed securities as the bank has significant  ...  his move to further deterioration of the subprime mortgage market and the credit crisis. The  ...
</description>
</item><item>
<title>Lawyer for Ivanhoe Mines plans to take case to the Supreme Court</title>
<link>http://finance.einnews.com/news.php?wid=184032061</link>
<pubDate>19 Aug 2008 20:32 GMT</pubDate>
<description>
...  since last August. Canadian ABCP was a victim of last summer&apos;s crisis in U.S. subprime mortgages, amid worries that some of the paper was tied to dodgy U.S. home loans,  ...
</description>
</item><item>
<title>Class action suit on bank</title>
<link>http://finance.einnews.com/news.php?wid=184030470</link>
<pubDate>19 Aug 2008 20:30 GMT</pubDate>
<description>
...  (CDOs). The CDOs were created by investment banks, which bundled up thousands of US subprime home mortgages into complicated derivative securities and marketed them as a safe investment. There have been  ...
</description>
</item><item>
<title>Investors step up pressure on Fannie and Freddie</title>
<link>http://finance.einnews.com/news.php?wid=184027700</link>
<pubDate>19 Aug 2008 20:13 GMT</pubDate>
<description>
...  rescue plan for the two US government-sponsored mortgage financiers has come under severe market strain  ...  on top of the losses in their subprime and Alt-A mortgage books, creating fears that  ...
</description>
</item><item>
<title>Fitch Downgrades 8 Classes of Fourth Street Funding, Ltd.</title>
<link>http://finance.einnews.com/news.php?wid=184027321</link>
<pubDate>19 Aug 2008 20:12 GMT</pubDate>
<description>
...  &apos;C&apos; from &apos;CC&apos;. Fitch&apos;s rating actions reflect the collateral deterioration within the portfolio, specifically subprime residential mortgage backed securities (RMBS), and structured finance (SF) collateralized debt obligations (CDO) with underlying exposure  ...
</description>
</item><item>
<title>You can&apos;t be neutral</title>
<link>http://finance.einnews.com/news.php?wid=184026825</link>
<pubDate>19 Aug 2008 20:08 GMT</pubDate>
<description>
...  The banks would be acting just as irresponsibly but for the bursting of the subprime mortgages bubble and the effective bankruptcy of Northern Rock. At present, they are licking their  ...
</description>
</item><item>
<title>The restructuring plan for $32 billion in asset-backed commercial paper hit another snag on Tuesday as lawyer Howard Shapray, who represents Ivanhoe Mines, says he plans to take his case to the Supreme Court of Canada.</title>
<link>http://finance.einnews.com/news.php?wid=184026730</link>
<pubDate>19 Aug 2008 20:07 GMT</pubDate>
<description>
...  since last August. Canadian ABCP was a victim of last summer&apos;s crisis in U.S. subprime mortgages, amid worries that some of the paper was tied to dodgy U.S. home loans,  ...
</description>
</item><item>
<title>The Church Of God In Christ and Operation HOPE Collaborate to Deliver Financial Literacy to Youth an</title>
<link>http://finance.einnews.com/news.php?wid=184025950</link>
<pubDate>19 Aug 2008 19:58 GMT</pubDate>
<description>
...  Bishop Blake. Through the national MOU, HOPE&apos;s free financial service products, which include the Mortgage HOPE Crisis Hotline, a service to help homeowners resolve subprime mortgage issues, Earned Income Tax Credit (EITC) awareness and qualifications, first time home-buying assistance,  ...
</description>
</item><item>
<title>Economist says large U.S. bank collapse ahead</title>
<link>http://finance.einnews.com/news.php?wid=184025858</link>
<pubDate>19 Aug 2008 19:58 GMT</pubDate>
<description>
...  Secretary Hank Paulson said -- these giant mortgage guarantee agencies are not going to exist  ...  something stupid, they lost money in the sub-prime, they&apos;re great buys, sovereign wealth funds come  ...
</description>
</item><item>
<title>World War II Stories</title>
<link>http://finance.einnews.com/news.php?wid=184025453</link>
<pubDate>19 Aug 2008 19:56 GMT</pubDate>
<description>
... AS the mortgage meltdown forces more homes into foreclosure in  ...  unable to keep up with payments on subprime mortgages that are resetting to higher rates.  ...
</description>
</item><item>
<title>Lex: Fred bare</title>
<link>http://finance.einnews.com/news.php?wid=184024713</link>
<pubDate>19 Aug 2008 19:53 GMT</pubDate>
<description>
...  dividend cut saves roughly $500m a year. Freddie also opened the box on its subprime and Alt-A mortgage exposure, writing down their value for the first time. This all shows willing in  ...
</description>
</item><item>
<title>Ask Pete, Chapter 4: Your questions</title>
<link>http://finance.einnews.com/news.php?wid=184024227</link>
<pubDate>19 Aug 2008 19:36 GMT</pubDate>
<description>
...  Why do so many people go to mortgage brokers? Here, people almost always go to  ...  simplistic to assume the primary reasons for subprime / alt-A lending were to increase compensation  ...
</description>
</item><item>
<title>4:23amEuropean shares close sharply lower</title>
<link>http://finance.einnews.com/news.php?wid=184023917</link>
<pubDate>19 Aug 2008 19:34 GMT</pubDate>
<description>
...  news is to come in the US sub-prime home loan crisis. Dealers said recent bank  ...  worst is over.&quot; Yesterday shares in US mortgage giants Fannie Mae and Freddie Mac -  ...
</description>
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