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Posts related to ‘Subprime’

Subprime & CDO Meltdown Worse than RTC/S&L Crisis

Posted: February 14, 2008 at 1:37 pm

There is a new study out that has compared the current mortgage and subprime meltdown to the S&L and consumer crisis of the 1980's that led to the creation of ...
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State Street, Not Immune To Subprime (STT)

Posted: January 3, 2008 at 6:48 am

State Street Corporation (NYSE:STT) has announced that it will record a net after-tax charge in the fourth quarter of 2007 of $279 million, or $0.71 per share. The charge is ...
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Countrywide Mortgage Tricks Continue (CFC)

Posted: October 15, 2007 at 8:28 am

The subprime mortgage malaise is quite multi-faceted.  The borrowers are at fault for overextending themselves.  The lenders are at fault for making loans that are a stretch.  Realtors exacerbate the ...
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Accredited Home Lenders Still Has Hopes Of Merger, But… (LEND)

Posted: September 13, 2007 at 8:06 am

LSF5 Accredited Investments, LLC, the subsidiary of Lone Star Fund V that had offered in June to acquire Accredited Home Lenders Holding Co. (Nasdaq: LEND), announced that it is extending ...
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Central Banks Step In: Injecting Liquidity Rather than Cutting Rates

Posted: August 10, 2007 at 8:29 am

There are more reports of world central bank interventions today.  The European Central Bank stepped in and providing added liquidity.  The Associated Press put today's figure at $83.9 Billion and ...
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Countrywide Punished Over Quarterly SEC Filing Disclosures (CFC)

Posted: August 9, 2007 at 6:58 pm

Countrywide Financial Corp. (NYSE:CFC) has filed its 10-Q quarterly report with the SEC, and the stock has gotten hammered in after-hours trading with a drop of more than 10%.  Investors ...
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FOMC Acknowledges Concerns, But No Real Rescue Feelings

Posted: August 7, 2007 at 1:23 pm

The FOMC has spoken, and as expected rates were left unchanged at 5.25%.  Here were they key phrases we looked at:The Federal Open Market Committee decided today to keep its ...
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Cramer Thinks Thornburg Mortgage Will Be Fine (TMA)

Posted: August 6, 2007 at 1:56 pm

On today's STOP TRADING segment on CNBC, Jim Cramer said that Thornburg Mortgage Inc. (NYSE:TMA) is one of the companies in mortgage land that is bad short that will hurt ...
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Accredited Home Lenders, Maybe Not So Accredited (LEND, AHM)

Posted: August 2, 2007 at 8:40 am

Accredited Home Lenders Holding Co. (NASDAQ:LEND) is in trouble this morning.  Shares were down 30% in pre-market activity after an SEC Filing from the company warned of solvency issues, although ...
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American Home Mortgage Reopens For Trading, Under $2.00 (AHM)

Posted: July 31, 2007 at 1:14 pm

American Home Mortgage (NYSE:AHM) has finally repoened after being closed for a day and a half.  Indications were going around the street have been noted as lows as an implied ...
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Just In Case…. Cramer Outlines the Doom & Gloom Scenario

Posted: July 30, 2007 at 6:34 pm

On tonight's MAD MONEY on CNBC, Jim Cramer said he is going at least address the doomsday scenario in the financial markets even though he doesn't think it is reality.  ...
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