Q&A: What is a margin call?
Q&A: What is a margin call?
Boston Globe - Most loans are secured by collateral. When you take out a mortgage, for example, the house you buy with that money is the collateral. Though the terms are more complicated, Wall Street works the same way. The lenders providing the financing for the
Source: www.boston.com
UPDATE 1-American Home can’t fund loans, may liquidate assets
Reuters - NEW YORK, July 31 (Reuters) - American Home Mortgage Investment Corp (AHM.N: Quote , Profile , Research ), a struggling mortgage lender, said on Tuesday it can no longer provide funding for home loans and has hired advisers to explore options
Source: www.reuters.com
Judge Nixes Claims in Fannie Mae Suit
Washington Post - Fannie Mae, the second-largest U.S. financial institution after Citigroup Inc. , buys mortgage loans from lenders, packages the loans and sells them as mortgage-backed bonds. Regulators accused the company in 2004 of serious accounting problems, fined
Source: www.washingtonpost.com
Lender pulls plug as US loans crisis spreads to prime sector
Times Online - Shares in American Home Mortgage Investment, the US lender, nosedived yesterday after its credit lines were cut and it pulled the plug on hundreds of millions of dollars of home loans, as the US mortgage crisis ensnared another victim. The lender was
Source: business.timesonline.co.uk
Deutsche Bank ducks fallout from subprime loans
International Herald Tribune - PARIS: Eugene Xu, a Deutsche Bank analyst, recognized a financial train wreck in the making two years ago when he predicted “quite probable” losses from the least credit-worthy home loans in the runaway U.S. property market. Now the largest German
Source: article.wn.com