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 ... assets, such as delinquent home loans or commercial loans. In the late 1990s, Wall Street ... recession. Market veterans predict the most egregious underwriting practices and products will disappear, but the ...
Rating Agency Revisions Continue
agencies continue to recoil from the subprime mortgage mess, sharpening their tools in response to ... "home price declines; an environment of looser underwriting standards; risk layering; and speculative borrowing behavior," ... 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 ... in single family residential mortgages or residential mortgage backed securities, including no investments in "sub ... Executive Officer, Joseph E. Robert, Jr. "Our underwriting practices and continued focus on commercial real ...
Home Capital raises dividend amid higher profit
of risk in the imploding U.S. subprime mortgage market. In its financial report, Home Capital ... as well as Visa card operations and commercial mortgage lending. I just want to reassure ... to borrowers who do not pass the underwriting process of primary' lenders... there are other ...
Home Capital untouched by U.S. woes: Q2 profit rises 33.5 per cent to $22M
of risk" in the imploding U.S. subprime mortgage market. In its financial report, Home Capital ... as well as Visa card operations and commercial mortgage lending. "I just want to reassure ... to borrowers who do not pass the underwriting process of 'primary' lenders... there are other ...
Moody's: No Chink in the Armor
stocks of companies involved in housing and mortgage loans. It should come as no surprise ... structured finance -- the anticipated slowdown in underwriting certain issues has definitely materialized. Consequently, residential ... by growth in ratings of asset-backed and commercial-mortgage-backed securities. Despite the uncertainty attached to structured ...
Blame Greenspan
families earning under $50,000 with an adjustable-rate mortgage resetting this year. Shed no tears for ... on everything, to the point where banks' commercial lending would disappear. Today's global wealth at ... now, the financial sector's earnings have peaked. Underwriting, bond trading, merger and acquisition activity--almost all ...
National mortgage problems hit Houston market
One of the nation's largest mortgage lenders, Houston-based Aegis Mortgage Corp., stopped taking ... market is affecting buyers and sellers of commercial real estate, as well. Underwriting guidelines are getting tighter, and "borrowers' costs ...
Fox Chase Bancorp, Inc. Announces Earnings for the Second Quarter
a result of continued efforts to increase commercial deposit relationships, and successful targeted marketing initiatives ... equivalents, a decrease of $25.8 million in mortgage related securities due to normal principal payments ... adapted to this environment by tightening certain underwriting policies and scrutinizing collateral values for all ...
Cincinnati Financial Second-Quarter 2007 Net Income at $351 Million; Operating Income* up 29.5% to $164 Million
lower realized gains -- Property casualty pretax underwriting profits of $90 million for the second ... million for the six months, reflecting healthy commercial lines insurance profitability and lower catastrophe losses ... products -- Events, such as the sub-prime mortgage lending crisis, that lead to a significant ...