Archive for July, 2010

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Jul 30 2010

Ex-New Century Managers to Pay $1.5 Million Over Subprime Lender’s Failure – Bloomberg

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Ex-New Century Managers to Pay $1.5 Million Over Subprime Lender's Failure
Bloomberg
Morrice, a co-founder of Irvine, California-based New Century, knew the market for home loans to borrowers with poor credit histories was weakening and …

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Jul 30 2010

Barclays Capital Joins Market Voices: Government Refinance Wave Unlikely – Housing Wire

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Barclays Capital Joins Market Voices: Government Refinance Wave Unlikely
Housing Wire
Barclays Capital joined the chorus of voices suggesting that a government-sponsored wave of mortgage refinancing is unlikely. …

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Jul 30 2010

Fitch Downgrades Bear Stearns Series 1999-WF2; Assigns Outlooks, LS and … – MarketWatch (press release)

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Fitch Downgrades Bear Stearns Series 1999-WF2; Assigns Outlooks, LS and …
MarketWatch (press release)
The borrower has been unable to refinance the loan due to the near term lease expiration of the single tenant. The special servicer is evaluating the …

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Jul 30 2010

Fitch Downgrades 1 Class of Credit Suisse First Boston 1997-C2; Assigns LS … – Business Wire (press release)

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RIA Novosti
Fitch Downgrades 1 Class of Credit Suisse First Boston 1997-C2; Assigns LS …
Business Wire (press release)
Fitch expects potential losses of 1.73% of the remaining pool balance, approximately $2.9 million, from the loans that are not expected to refinance at …
Fitch Takes Various Actions on Heller 1999-PH1; Assigns OutlooksBusiness Wire (press release)
Fitch Affirms MLMT 2004-MKB1; Assigns Loss Severity RatingsEarthtimes (press release)
Fitch Affirms Class F of LBCMT Series 1995-C2; Assigns Recovery RatingEarthtimes (press release)
MarketWatch (press release)
all 285 news articles »

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Jul 30 2010

California pulls home-energy stimulus funding in PACE dispute – Grist Magazine

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California pulls home-energy stimulus funding in PACE dispute
Grist Magazine
California pulled funding for its home solar and energy-retrofit loans yesterday in response to federal mortgage overseers' negative …
Sonoma County resists feds on home energy loansSan Francisco Chronicle
Federal Home Finance Agency (FHFA) vs Clean EnergyExaminer.com
California suspends funding for solar loan programCooler Planet
Pioneer Press -NPR -Sonoma Index-Tribune
all 38 news articles »

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Jul 30 2010

Sierra Club: Fannie Mae, Freddie Mac Must Stop Blocking Home Energy Program – eNews Park Forest

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eCreditDaily.com
Sierra Club: Fannie Mae, Freddie Mac Must Stop Blocking Home Energy Program
eNews Park Forest
The FHFA has oversight over the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac"). …
The future of Fannie Mae, Freddie Mac to be decided Aug. 17?FierceFinance
Congress to try to recoup Fannie, Freddie costsThe Associated Press
Paulson: Revamp Homeownership Policy, After Market StabilizesWall Street Journal (blog)
New York Times (blog) -Bloomberg
all 493 news articles »

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