How Credit Got So EasyAnd Why It's Tightening
once seen as isolated to a few subprime-mortgage lenders are beginning to propagate across markets ... a result, the credit ratings for bonds backed by the mortgages assumed a modest default ... assets, such as delinquent home loans or commercial loans. In the late 1990s, Wall Street ...
IKB lands large catch of subprime problems
the once-lucrative, but now crisis-hit, US subprime mortgage market. IKBs troubles went from bad to ... and orchestrating the support of Germanys biggest commercial and state-owned banks to bail out the ... credit instruments, such as collateralised debt obligations backed by assets such as credit card receivables ...
Quest Reports Its Financial Results for Second Quarter 2007 and Declares Dividend
Quest Quest Capital Corp. is an asset backed lender that focuses on providing financial services, ... or the "Company") primary focus is providing commercial bridge loans and mortgage financings. The Company also provides a range ...
Rating Agency Revisions Continue
agencies continue to recoil from the subprime mortgage mess, sharpening their tools in response to ... opting to remodel its ratings criteria of mortgage-backed securities by attempting to be more sensitive ... of subprime exposure to U.S. investment and commercial banks. Regarding commercial banks, Moody's said subprime ...
JER Investors Trust Inc. (NYSE: JRT) Announces Second Quarter 2007 Results
Second Quarter Highlights: -- Continued Focus on Commercial Real Estate Backed Assets: We continue to focus on investments ... in single family residential mortgages or residential mortgage backed securities, including no investments in "sub ...
Deerfield Triarc Capital Corp. Announces Second Quarter 2007 Results
100% of our investment in a residential mortgage lender that filed for Chapter 7 bankruptcy ... leveraged loans (1) - - - 469,162 Commercial mortgage-backed assets (2) 4,755 - 1,460 31,905 Equity ...
Fitch Affirms N-Star Real Estate CDO III, Ltd.
is currently rated 'CAM 2' by Fitch. The portfolio is composed of approximately 73% commercial mortgage-backed securities (CMBS), 14% real estate investment trust (REIT) securities, 7% corporate securities and 6% ...
Citizens First Bancorp, Inc. Announces a 15.8% Increase in Second Quarter Earnings and $0.09 Per Share Cash Dividend
of $26.0 million, or 3.7% in the commercial loan portfolio. The increase in total assets ... from the increase in nonperforming real estate mortgage loans and other real estate owned. The ... variable rate residential mortgage loans as mortgaged backed securities and subsequently purchased by the Company ...
Alesco Financial Inc. Announces Second Quarter 2007 Financial Results
& Subordinated Debentures $5,502,090 $5,115,578 $ 213,254 Mortgage-backed securities 3,794,668 3,864,559 138,927 Residential Mortgage Loans 1,117,239 1,014,600 82,820 Leveraged Loans 722,926 ... receivables 8,872,293 7,942,124 Investments in residential and commercial mortgages and leveraged loans Residential mortgages 1,117,239 ...
Crystal River Announces Stock Repurchase Plan
of our hedging strategies, the availability of mortgage-backed securities and other targeted investments for purchase ... in real estate related securities, such as commercial and residential mortgage-backed securities, commercial real estate, ...