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subprime

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The Stunning Subprime Mess
How bad is the subprime crisis? This from the New York Times, in the wake of the Swiss bank UBS announcing huge write-downs related to subprime mortgages: Banks worldwide have announced more than $135 billion in credit losses and write-downs since the...
Tags: Michael Fitzgerald, Management, Capital Structures, Finance, Security, Strategy, Financial Services, Mortgages, UBS AG, Risk Management, Bank
Blog posts 2008-01-30
Subprime Lending in the Primary and Secondary Markets
http://www.fanniemaefoundation.org/programs/jhr/pdf/jhr_1301_cross.pdf This article provides an exploratory analysis of the role of subprime lending through an examination of the spatial distribution of Federal Housing Administration FHA eligible home purchase loans in the primary and secondary mortgage markets. Loan originations are aggregated to the metropolitan statistical area level to examine the proportion of...
Tags: Subprime Lender, Strategy, Security, Management
White papers 2003-01-01
Will subprime mortgages torpedo the economy?
ECONOMIC REVIEW Subprime, subprime, subprime. That is all we seem to hear these days . bounces violentThe stock market Iy every time a mortgage lender or hedge fund gets hit by subprime-mortgage problems. The Federal Reserve Board is forced to express awareness that credit standards have been tightened...
Tags: Federal Reserve Board, job, Quality
Research articles 2007-08-24
Citigroup slaps subprime crew.
* Citigroup Inc. isn't afraid to take its subprime lenders to task if they are subprime. The NewYork financial services giant said Thursday that so far this year it has suspended 3,600 consumer finance brokers as part of a concerted effort...
Tags: Citigroup Inc.
Research articles 2001-09-03
Restatements, practices prompt subprime probes.(News)(New Century Financial Corp.'s investigation)(Brief article)
Byline: Louise Esola Some subprime lenders are facing investigations from state or federal authorities. A spokeswoman for Irvine, Calif.-based New Century Financial, one of the nation's largest subprime lenders, confirmed that the company is be Byline: Louise Esola ...
Tags: company, New Century Financial Corp., subprime lender
Research articles 2007-03-19
Freddie Mac changes approach in buying subprime mortgages
Freddie Mac has announced that it will cease buying subprime mortgages that have a high likelihood of excessive payment shock and possible foreclosure. First, Freddie Mac said it will only buy subprime adjustable-rate mortgages - and mortgage-related secuFreddie Mac has announced that it will cease buying subprime mortgages that have...
Tags: Freddie Mac, mortgage, subprime mortgage
Research articles 2007-04-01
JAPAN: MOODY'S: IMPACT OF US SUBPRIME MODERATE FOR JAPANESE BANKS.
Moody's commented that impact of US subprime is moderate for Japanese banks. On February 13, 2008, Japan's Financial Services Agency FSA released an update on the exposure of Japanese deposit-taking institutions to US subprime-related products, a Moody's commented that impact of US subprime ...
Tags: financial, Moody's Corp.
Research articles 2008-03-02
ABS Is Poor Predictor of Subprime Losses
Research Recap submits: The widely-used ABX price indices are not a good predictor of likely losses on subprime-backed mortgage backed securities, a new paper published in the latest Bank for International Settlements Quarterly Review suggests. The so-called ABX indices, which are based on credit derivatives written on...
Tags: Financial
External links 2008-09-02
Subprime's Lure Fatal for Wachovia, National City
The pattern is too familiar. Two profitable, respected banks with limited exposure to mortgages get greedy and try to cash in on the subprime craze. Both end up ready to go out of existence. That's the case with National City Bank of Cleveland and Wachovia of Charlotte,...
Tags: Bank, Wachovia Corp., Mortgages, Financial Services, Real Estate, Finance, Capital Structures, Business Operations, Peter Galuszka
Blog posts 2008-10-27
New Poll Finds Americans Skeptical over Proposals to Rescue Subprime Mortgage Borrowers
ALEXANDRIA, Va. -- As the Bush administration huddles with major lenders to finalize a relief plan for subprime borrowers, new results today from a survey conducted by Harris Interactive[R] on behalf of the National Taxpayers Union NTU warn against the government going too far. Almost half (48%) of U.S. adults...
Tags: government, Harris Interactive, survey
Research articles 2007-12-04
A short history of subprime
To say the subprime mortgage industry has grown tremendously since the mid-1990s is not news to most of us. According to Inside B & C Lending, nearly one in five loans originated today is a subprime loan. The focus of this column is to add some "color" to a segment...
Tags: Deloitte LLP, equity, FINANCE, financial, Investment, securitization, Strategy
Research articles 2006-03-01
Fitch Webcast: U.S. Subprime & Alt-A RMBS Rating Update; Thursday 3/20 11AM ET
NEW YORK -- Fitch Ratings will hold a webcast Thursday morning, March 20, at 11:00 a.m. ET to discuss the latest rating developments in both the U.S. subprime and Alt-A RMBS markets. Managing Director and RMBS co-group head Glenn Costello will be joined by Senior Director Grant Bailey as...
Tags: Fitch Ratings
Research articles 2008-03-17
Fitch Webcast: U.S. Subprime & Alt-A RMBS Rating Update; Today 11AM ET
NEW YORK -- Fitch Ratings will hold a webcast this morning at 11:00 a.m. ET to discuss the latest rating developments in both the U.S. subprime and Alt-A RMBS markets. Managing Director and RMBS co-group head Glenn Costello will be joined by Senior Director Grant Bailey as they discuss...
Tags: Fitch Ratings
Research articles 2008-03-20
Subprime lending envisioned as loyalty builder. (used car financing services)
Automobile manufacturers and used car dealers are entering the subprime lending market in an effort to build customer loyalty. Subprime lending involves the financing of the automobile purchases of people with bad credit histories. Ford Motor Credit, for instance, has established Fairlane Credit to serve subprime borrowers. However, subprime lending...
Tags: Ford Motor Credit Co.
Research articles 1997-04-07
Subprime lending a worry for Fed exec
WASHINGTON -- Federal Reserve Governor Edward Gramlich expressed concern Wednesday about some lending practices in the subprime mortgage market and said the central bank was closely monitoring the overall housing sector for signs of price speculation. During a panel discussion on housing, Gramlich said mortgage brokers, who make about...
Tags: borrower, Federal Reserve Board, FINANCE, Investment, SALES
Research articles 2005-01-13
Subprime worries on Street dwindle
Fears that sour subprime loans could ignite a financial crisis subsided Wednesday as a Wall Street giant downplayed its exposure. Lehman Bros., an investment bank that provides loans to companies that issue subprime mortgages, told investors during its quarterly earnings call that its exposure to such...
Tags: analyst, earnings, FINANCE, financial, Goldman Sachs Group Inc.
Research articles 2007-03-15
Subprime Mortgages: As the Knot Unravels, A Question Lingers: Why?
Consumers and companies following their self-interest are supposed to be guiding forces that drive a capitalist economy. The recent meltdown of the subprime-mortgage market, however, raises the question of whether all participants were headed in that direction. And if not, why not? Subprime lending has grown dramatically since the late...
Tags: bank, borrower, Federal Reserve Board, FINANCE, homeowner, Mortgages, U.S. Congress
Research articles 2007-05-01
Subprime fallout cutting wide swath with huge impact to mortgage
The fallout from subprime mortgage loans, those made to people with below prime credit scores, is making things more difficult for mortgage brokers and consumers alike. Delinquency rates for subprime adjustable rate mortgages, which accounted for about 9 percent of all outstanding first lien mortgages, have continued to...
Tags: ARM, fallout, Federal Reserve Board, FINANCE, Mortgages
Research articles 2007-07-27
Higher subprime rates for blacks, Hispanics baffling
WASHINGTON -- Blacks and Hispanics were far more likely than whites to take out higher-cost subprime mortgages in 2006, the Federal Reserve said Wednesday, even as a respected economic forecast center said the nation was in for a "near-recession experience" due to housing market turmoil. The...
Tags: Federal Reserve Board, FINANCE, mortgage, Mortgages
Research articles 2007-09-13
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