Mortgage and Financial News From 2007-11-5 Page 12

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• Qatar fund ditches $22 bln bid for UK's Sainsbury

  Reuters - The deal is the biggest transaction so far involving a British company to fall victim to the problems in global credit markets which was sparked by poor quality U.S. mortgage loans. It comes after confectioner Cadbury (CBRY.L: Quote , Profile , Research ...
  2007-11-05 09:33:00

• Banks raised standards for all types of borrower seeking all types of ...

  Marketwatch - Despite the bankruptcy of dozens of lenders outside the banking system, about half the banks on net reported weaker demand for residential mortgage loans.
  2007-11-05 10:09:00

• State Bank Corp. Reports Earnings

  MSN MoneyCentral - During the third quarter in 2007, fees from mortgage loans were $180 thousand, a decrease of $49 thousand from $229 thousand for the same period in 2006. This past quarter we had $7.9 million in fundings compared to $11.2 million for the third ...
  2007-11-05 12:11:00

• UK's Sainsbury's shares plunge

  News.com.au - The shock outcome is the biggest collapse of a transaction involving a British company due to the global credit market gyrations triggered by the crisis related to poor quality US mortgage loans. It follows confectioner Cadbury reneging on the sale ...
  2007-11-05 01:29:00

• Fears for prolonged turmoil intensify

  MSN MoneyCentral - Charles Prince was removed from his position as chief executive officer of Citigroup at the weekend, after the US bank admitted that it could post further losses related to mortgage loans in the coming weeks.Citigroup shares continued to plunge ...
  2007-11-05 11:35:00

• UK, France rush to calm nerves

  News.com.au - World markets were first gripped by a credit crunch in August when interbank lending dried up as banks realised they did not know which of them was dangerously exposed to mass defaults on US mortgage loans to people poorly equipped to pay them back. ...
  2007-11-05 01:29:00

• Monday IPO Wrap-Up

  CNBC - The New York-based investor in residential mortgage loans listed Merrill Lynch, Credit Suisse and Deutsche Bank as lead managers of the offering, and granted the underwriters an option to purchase an additional 5 million shares to cover over ...
  2007-11-05 09:40:00

• Fitch Rates Asset Backed Funding Corp's $1.45B Mtge P-T Ctfs Series ...

  Forbes - Approximately 6.35% of the mortgage loans are fixed-rate mortgage loans, 93.65% are adjustable-rate mortgage loans and 100% are first lien mortgage loans. The weighted average loan rate is approximately 7.83%. The weighted average term to maturity ...
  2007-11-05 12:03:00

• Bankers report tighter lending for business, mortgage and consumer ...

  Forbes - AFX News Limited Bankers report tighter lending for business, mortgage and consumer loans 11.05.07, 2:15 PM ET WASHINGTON (Thomson Financial) - Bankers have tightened up on lending across the board, but particularly on ...
  2007-11-05 11:13:00

• Banks report tightening standards on mortgage and other types of loans

  CNBC - WASHINGTON - More banks have tightened lending standards on home mortgages, the Federal Reserve said Monday in the latest sign of fallout from a spreading credit crisis. The Fed said that many banks reported tighter standards for traditional prime ...
  2007-11-05 11:21:00

• Moody's cuts ratings on some Bear Alt-A securities

  Reuters - The 18 mortgage securitizations, issued by Bear in 2006 and late 2005, are backed by Alt-A mortgage loans, or loans between prime and subprime quality. Moody's said in a release that its rating action stemmed from "higher than anticipated rates of ...
  2007-11-05 12:46:00

• Fitch Ratings Affirms Wisconsin Avenue Securities, Series 1997-M8

  Forbes - The certificates are collateralized by 12 mortgage loans, which are secured by cooperative apartment buildings. By loan balance, 46.7% of the pool is located in the New York City metropolitan area. Fitch views this concentration positively because ...
  2007-11-05 01:15:00

• Gross: subprime mortgage market a "$1 trillion problem"

  Reuters - Gross said he expects $250 billion of subprime and Alt-A mortgage loans to default and those defaults will fall to the balance sheets of investment stalwarts such as Merrill Lynch (MER.N: Quote , Profile , Research ) and Citigroup (C.N: Quote , Profile , ...
  2007-11-05 07:46:00

• American Mortgage Acceptance Company Announces Conference Call to ...

  MSN MoneyCentral - AMAC is a real estate investment trust that specializes in originating and acquiring mortgage loans and other debt instruments secured by multifamily and commercial properties throughout the United States. AMAC invests in mezzanine, construction ...
  2007-11-05 12:03:00

• (AFX UK Focus) 2007-11-05 19:15 GMT: Bankers report tighter lending for business, mortgage and consumer loans (Interactive Investor)

  WASHINGTON (Thomson Financial) - Bankers have tightened up on lending across the board, but particularly on real estate and on backup lines of credit for commercial paper according to the Federal Reserve's October quarterly survey of senior loan officers. The banks also tended to see a fall-off in loan demand.
  2007-11-05 11:39:38

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