Archive for July, 2007

American Home Mortgage facing bankruptcy (USA Today)

Tuesday, July 31st, 2007

Shares of American Home Mortgage Investment plunged 90% Tuesday after the company raised fears it may become insolvent, renewing concern about worsening credit quality in the mortgage market and killing a Wall Street rally.

Original post by Yahoo! News Search Results for mortgage

Fitch Rates $293.9MM Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3 (Business Wire via Yahoo! Finance)

Tuesday, July 31st, 2007

NEW YORK—-Fitch rates Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3, residential mortgage pass-through certificates, as follows: $293.9 million classes I-A1, I-A2, I-A3, II-A1, II-A2, III-A1, III-A2 and A-R ‘AAA’ ;

Original post by Yahoo! News Search Results for mortgage

Fitch Rates SARM Trust $399MM Mortgage Pass-Thru Ctfs, Series 2007-7 (Business Wire via Yahoo! Finance)

Tuesday, July 31st, 2007

NEW YORK—-Structured Adjustable Rate Mortgage Loan Trust’s $399 million mortgage pass-through certificates, series 2007-7, which closed July 31, 2007, are rated by Fitch Ratings as follows:

Original post by Yahoo! News Search Results for mortgage

Fitch Rates $872MM Citigroup Mortgage Loan Trust Inc., Series 2007-AR8 (FinanzNachrichten)

Tuesday, July 31st, 2007

::► Fitch Rates $872MM Citigroup Mortgage Loan Trust Inc., Series 2007-AR8◄:: Citigroup Mortgage Loan Trust Inc., mortgage pass-through certificates, series 2007-AR8, are rated by Fitch Ratings as follows: Group …

Original post by Yahoo! News Search Results for mortgage

As American Home Mortgage falls, Wall Street banks are exposed (Market Watch)

Tuesday, July 31st, 2007

NEW YORK (MarketWatch) — Investors in American Home Mortgage Investment Corp. may not be the only casualties as that lender teeters on the brink of liquidation.

Original post by Yahoo! News Search Results for mortgage

Sector Glance: Mortgage Lenders (AP via Yahoo! Finance)

Tuesday, July 31st, 2007

Shares of most mortgage lenders sank Tuesday after a major lender said it is out of cash. American Home Mortgage Investment Corp. said during trading hours Tuesday its financial backers have cut the company off from borrowing more money.

Original post by Yahoo! News Search Results for mortgage

Fitch Rates $872MM Citigroup Mortgage Loan Trust Inc., Series 2007-AR8 (Business Wire via Yahoo! Finance)

Tuesday, July 31st, 2007

NEW YORK—-Citigroup Mortgage Loan Trust Inc., mortgage pass-through certificates, series 2007-AR8, are rated by Fitch Ratings as follows:

Original post by Yahoo! News Search Results for mortgage

A Fresh Hunger for Wendy’s

Tuesday, July 31st, 2007

Shares shot higher Tuesday on a report that billionaire Nelson Peltz’s Triarc Cos. is willing to bid on the fast-food chain

Original post by AnthonyK

Will C-Bass Sink the MGIC-Radian Merger?

Tuesday, July 31st, 2007

Analysts think the floundering loan servicer’s liquidity woes could threaten the merger of the two mortgage insurers that control it

Original post by AnthonyK

Mortgage lender running out of cash, options (MSNBC)

Tuesday, July 31st, 2007

American Home Mortgage Investment Corp. said Tuesday it is running out of cash and has hired advisors to consider its options, including selling off its assets.  Shares in American Home fell nearly 90 percent.

Original post by Yahoo! News Search Results for mortgage