Mortgage and Financial News From 2007-11-9 Page 10

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• S&P may downgrade 484 Alt-A mortgage-backed securities

  Marketwatch - SAN FRANCISCO (MarketWatch) -- Standard & Poor's said on Friday that it may cut ratings on 484 classes of residential mortgage securities backed by so-called Alt-A home loans. The influential agency also warned that it could downgrade ratings on 63 ...
  2007-11-09 01:17:00

• S&P may cut 547 U.S. ALT-A RMBS, NIMS classes

  Reuters - The actions reflect a persistent rise in the level of delinquencies among the Alt-A mortgage loans supporting these transactions," said S&P in a release. The 484 classes of RMBS classes placed under review for downgrade total $2.09 billion while ...
  2007-11-09 02:58:00

• JPMorgan Chase Held $40.6 Billion in Leveraged Loans (Update3)

  Bloomberg - Nov. 9 (Bloomberg) -- JPMorgan Chase & Co., the third- largest U.S. bank, said it may write down more of its mortgage and debt holdings in the fourth quarter ``if market conditions worsen.'' JPMorgan held $40.6 billion in leveraged loans and unfunded ...
  2007-11-09 02:43:00

• Evaluation of its Net Deferred Tax Asset Causes Delay of Quarterly ...

  Forbes - New York Mortgage Trust, Inc., a real estate investment trust (REIT), is engaged in the investment in and management of high credit quality residential adjustable rate mortgage (ARM) loans and mortgage-backed securities (MBS). As of March 31, 2007 ...
  2007-11-09 01:25:00

• Fitch Ratings Affirms PaineWebber Mortgage Securities Corp. 1993-8

  Forbes - The mortgage loans are being master serviced by Countrywide Home Loans, Inc., rated 'RMS2+' by Fitch. The underlying collateral for the series consists of both traditional and hybrid, fully amortizing 30 year fixed rate mortgage loans secured by ...
  2007-11-09 08:24:00

• Fitch Affirms 11 RMBS Classes from DBALT 2006-AF1

  Forbes - The collateral pool primarily consists of conventional, adjustable-rate and fixed-rate first lien residential mortgage loans. The originators include GMAC (approx. 41%), Greenpoint (approx. 23%), and Indymac (approx. 17%); and Wells Fargo Bank, N.A ...
  2007-11-09 02:43:00

• Fitch Ratings: Brazilian RMBS Rating Criteria

  Forbes - Fitch Ratings has released a criteria report for rating securities backed by Brazilian residential mortgage loans (RMBS). The report provides an overview of the prospects for the sector and of Fitch's default model used to determine default and loss ...
  2007-11-09 11:30:00

• As Loans Go Bad, Mortgage Insurers Worry

  Forbes - As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices - but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in ...
  2007-11-09 03:26:00

• PHH 3rd-quarter loss widens, company struggles to sell mortgages loans ...

  CNBC - MT. LAUREL, N.J. - Mortgage originator and car fleet manager PHH Corp. said Thursday its third-quarter loss widened as its mortgage business faltered amid the broader housing slump. The company reported a loss of $38 million, or 69 cents per share ...
  2007-11-09 08:10:00

• Wachovia Credit-Loss, Loan Reserves Reach $1.7 Bln (Update6)

  Bloomberg - Nov. 9 (Bloomberg) -- Wachovia Corp., the fourth-biggest U.S. bank, said mortgage-related losses and reserves for bad loans total $1.7 billion so far this quarter, more than the lender reported for the previous three months. Wachovia set aside as ...
  2007-11-09 01:46:00

• Mortgage Mess Hammers Fannie Mae

  Street.Com - The results reflect how Fannie, the nation's largest buyer and backer of mortgage loans, was hurt by increasing foreclosures and defaults on subprime loans. The company's provision for credit losses soared in the quarter to $1.2 billion from $197 ...
  2007-11-09 02:58:00

• Fitch Affirms 10 RMBS Classes From 4 Compass Residential Mortgage ...

  Forbes - The underlying collateral for all the transactions consists of Alt-A quality fixed-rate and adjustable-rate mortgage loans secured by residential properties with original terms to maturity of 15 or 30 years. The mortgage loans are master serviced by ...
  2007-11-09 12:42:00

• Anworth Mortgage Asset Corporation Schedules Conference Call to ...

  MSN MoneyCentral - Anworth is a mortgage real estate investment trust (REIT) which invests in mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other real estate securities. Anworth generates ...
  2007-11-09 02:22:00

• Fitch Affirms $323MM Class A from Harborview Mortgage Loan Trust 2006 ...

  Forbes - The affirmations affect approximately $323 million in outstanding certificates and reflect adequate relationships of credit enhancement (CE) to future loss expectations. The collateral for the pool consists of adjustable-rate mortgage loans secured ...
  2007-11-09 01:03:00

• Stocks battered by mortgage mess (CNN Money)

  Stocks sold off early Friday, continuing steep losses for the week as Wachovia became the latest bank hit by fallout in the mortgage sector.
  2007-11-09 07:12:12

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