CDO Sales May Fall by as Much as 60% This Year, Citigroup Says
Story date: 2008-01-07 09:51:00
Added on: 2008-01-07 10:29:17
Bloomberg - Investors are pulling back from buying CDOs or demanding higher interest rates to hold them amid downgrades of the securities from losses linked to subprime home loans. CDOs containing mortgage bonds made up the largest source of more than $100 ...
Read more...
Related Stories:
-
Moody's begins cutting some top-rated CDOs to junk
Reuters - Deteriorating mortgage loans were packaged into bigger, complex bonds known as CDOs that are now being cut and reviewed for...
2007-10-26 11:06:00 -
Citigroup Fires CDO Bankers After Mortgage Losses (Update2)
Bloomberg - Investors have scaled back purchases of CDOs after subprime mortgage defaults in the U.S. led to rating downgrades for bonds...
2007-12-19 02:53:00 -
With budget ax in hand, governor orders lawmakers back to Capitol (Daily Herald)
Gov. Rod Blagojevich on Wednesday ordered lawmakers back to the Capitol next week, demanding they come up with more money so he...
2008-07-02 11:59:39 -
Mortgage market needs $1 trillion, FBR estimates
Marketwatch - But last year's subprime meltdown has undermined confidence in the home loans that back these mortgage securities. Now the banks...
2008-03-06 03:58:00 -
MBIA Tumbles on $8.1 Billion of CDOs, Fitch Warning (Update9)
Bloomberg - The $30 billion of exposure for MBIA Insurance to CDOs linked to residential mortgage-backed securities that S&P listed in its...
2007-12-20 03:56:00 -
Ambac writes down $176 million in CDOs in April - HULIQ.com
Ambac, one of the top bond insurers in the country continued to hemorrhage cash on bad mortgage-related bets. Ambac reported a loss...
2008-05-28 08:10:00 -
Merrill Lynch to cut back on its CDOs
Boston Globe - NEW YORK - Merrill Lynch & Co., the world's largest brokerage, will cut back on packaging home loans and...
2008-01-30 10:24:00 -
Greenspan Sees `Rethinking' on CDOs After Losses (Update2)
Bloomberg - CDOs are created by packaging bonds, loans or credit-default swaps and using their income to pay investors interest ... As...
2007-10-02 06:20:00