Subprime Lending
Latest Posts
The ‘Race to Zero’ on the ABX Continues …
Oct 29, 2007There is no other way to say it – things are getting ugly over on the ABX indices. Of the 20 issues traded, 17 settled at new all-time lows today. SEVENTEEN! I had to screencap the settlement chart for posterity’s sake: If you’re curious to see what’s taking place in CDS prices in even the most senior tranches, here you go — from ABX-HE-AAA 07-2:
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Study: Underwriting at the Fully-Indexed Rate a Painful Shift for Subprime ARM Borrowers
Oct 29, 2007 -
Consumers Hold off Mortgage Defaults with Credit Cards
Oct 29, 2007 -
Reports: Merrill Lynch Chief O’Neal Will Step Down Amid Subprime Losses
Oct 29, 2007 -
It’s a Simple Problem, Really: Borrowers Aren’t Repaying Loans
Oct 29, 2007 -
More than Subprime Resets: The Real Meaning of Two Waves
Oct 24, 2007 -
Merrill Lynch Sees Mortgage Woes Drive $2.31 Billion Loss in Third Quarter
Oct 24, 2007 -
Countrywide Commits to $16 Billion Home Preservation Program
Oct 23, 2007 -
Assured Guaranty Takes Mark-to-Market Hit; Says New Business at Record Levels
Oct 22, 2007 -
ABX Hitting Too Many New Lows to Count; Index Calculation Changes Ahead?
Oct 19, 2007 -
Standard & Poor’s Drops Ratings on $22 Billion of 2005-6 First Lien Subprime RMBS
Oct 19, 2007
