October 30, 2007 (FT.com) – Investor worries are mounting that the next big casualties from the credit squeeze might be the specialist companies that act as guarantors for bond issuers. These companies, which write insurance to boost the credit ratings of various kinds of bonds, have seen their share prices pummelled and the cost of [...]
Archive for October, 2007
Bond Insurers Seen as Next Victim of Squeeze
Posted in Bankruptcy, CMBS, Liquidity, Real Estate, Subprime, U.S. on October 30, 2007 | Leave a Comment »
California’s Home-Loan Defaults Rise to Decade High
Posted in CMBS, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Real Estate, Recession, Subprime, U.S. on October 28, 2007 | Leave a Comment »
October, 26, 2007 (Bloomberg) – California mortgage defaults more than doubled in the third quarter to the highest level in more than a decade as the housing slump battered homeowners. Homeowners received 72,571 default notices, more than double the 27,218 filed a year ago, DataQuick Information Systems, a La Jolla, California-based provider of real estate [...]
Countrywide Director Resigns Prior to Earnings Announcement
Posted in Bankruptcy, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Real Estate, Subprime, U.S. on October 25, 2007 | Leave a Comment »
Cisneros resigned today as a director of CHL, two days prior to the company’s earnings announcement on Friday. His excuse: to focus on CityView? Can’t be a good sign and reminds me of William Popejoy’s resignation from New Century when he saw the writing on the wall. Soon after Popejoy resigned, New Century [...]
