BNC Mortgage Inc.

News & Analysis

bnc mortgage inc. - All News and Analysis

• Fitch Affirms $400.1MM & Downgrades $1.5B from 2 BNC 2007 1st Lien Subprime Deals

  - 2008-03-04

  NEW YORK -- Fitch Ratings has taken the following rating actions on BNC mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed. Affirmations total $400.1 million and downgrades total $1.5 billion. Additionally, $469.6 million was placed on Rating Watch Negative. Break...

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• Fitch Affirms $291.6MM & Downgrades $989.6MM from 2 BNC 2006 1st Lien Subprime Deals

  - 2008-02-14

  NEW YORK -- Fitch Ratings has taken the following rating actions on BNC mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed. Affirmations total $291.6 million and downgrades total $989.6 million. Additionally, $633.9 million remains on Rating Watch Negative. Break Loss...

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• Fitch Affirms $974.7MM and Places $45.7MM on Watch Negative for BNC 2007 Subprime Deal

  - 2007-12-14

  NEW YORK -- Fitch Ratings has taken the following rating action on one BNC mortgage pass-through certificate. Affirmations total $974.7 million. In addition, approximately $45.7 million are placed on Ratings Watch Negative. Break Loss percentages BL and Loss Coverage Ratios LCR for each class are included with the rating actions...

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• Fitch Affirms $871.8MM from 1 BNC 2007 Subprime Deal

  - 2007-11-06

  NEW YORK -- Fitch Ratings has taken the following rating actions on the BNC mortgage pass-through certificates listed below. Affirmations total $871.8. Break Loss percentages BL and Loss Coverage Ratios LCR for each class are included with the rating actions as follows: BNC 2007-1 --$674 million class A...

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• BNC Mortgage Empties a Ton of Irvine Office Space

  - 2007-10-22

  Jones Lang Broker Honored for Arm; San Juan Capistrano Retail Sold with Low Cap Rate REAL ESTATE COMMERCIAL Last month's announcement that Irvine-based subprime mortgage lender BNC Mortgage Inc. was shutting down put another big chunk of office space back on the market. BNC, owned by Lehman Brothers...

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• Loan firms lay off 24,000 since Aug. 1

  - 2007-08-23

  At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too. "It's pretty much a ghost town over there," Clark said. "Somebody went in and took the furniture from the lobby. I don't...

  Tags: Countrywide Financial Corp., FINANCE, financial, investment, job, layoff, Lehman Brothers Holdings Inc., mortgage, Mortgages, Utah, worker

• Fitch Affs $1.29B and Downgrs $96.7MM from 2 BNC Mtge Asset Securities Corp. Mtge Loan Subprime

  - 2007-08-09

  NEW YORK -- Fitch Ratings has taken the following rating actions on two BNC mortgage pass-through certificates. Affirmations total $1.29 billion and downgrades total $96.7 million. Break Loss percentages BL and Loss Coverage Ratios LCR for each class are included with the rating actions as follows: BNC Mortgage Loan...

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• EXECUTIVE SUMMARY

  - 2007-06-18

  This past week's news from www.ocbj.com and other sources ECONOMIC INDICATORS Mixed: The median price of an Orange County home rose $6.000 from April to May, but sales here continue to lag well below year-ago levels. The median price of an OC home stood at $635,000 in May, a 1%...

  Tags: Broadcom Corp., Ford Motor Co., Land Rover, Orange PCS, SALES, Volvo

• Fitch Rates BNC Mortgage Loan Trust $1.088B RMBS Series 2007-2

  - 2007-04-30

  NEW YORK -- Fitch Ratings has assigned the following ratings to BNC Mortgage Loan Trust's 2007-2 $1.088 billion mortgage pass-through certificates, series 2007-2: --$849.5 million classes A1-A5 'AAA'; --$50.8 million class M1 'AA+'; --$50.8 million class M2 'AA'; --$17.9 million class M3 'AA-'; --$21.8 million...

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• Fitch Rates BNC Mortgage Loan Trust 2007-1 $962.4MM Series 2007-1

  - 2007-02-28

  NEW YORK -- BNC Mortgage Loan Trust 2007-1 $962.4 million mortgage pass-through certificates, series 2007-1, are rated by Fitch Ratings as follows: --$764.6 million classes A1-A5 'AAA'; --$44.9 million class M1 'AA+'; --$44.9 million class M2 'AA'; --$14.7 million class M3 'AA-'; --$17.1 million class...

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