Tag Archives: real estate securities

Payback! Justice Department Probes S&P After Downgrade

Between 2002-2007, there $3.2 trillion worth of mortgage loans to people with bad credit and no documented income. Who did most of this rating? S&P and rival Moody’s Investors Service. Three years ago, Bloomberg News quoted sources as saying S&P … Continue reading

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Despite Trillions Of Dollars Of Interventions, The Debt Market Remains Paralyzed

It’s impossible to get a loan from a bank these days unless you have a credit score north of 700 and a lot of documentable income. Until people are ready to buy bonds backed by real estate, by homes and … Continue reading

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Commercial Property Loans Next?

From the New York Times: As the value of home mortgages crumbles by the day, Wall Street has hoped that commercial real estate loans would stay clear of the storm. For Wall Street banks, which hold about $100 billion of … Continue reading

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USB Mortgage Losses

May 26 (Bloomberg) — UBS AG, the European bank hardest hit by the U.S. subprime contagion, fell the most in more than two months in Swiss trading after saying it may face more losses from mortgage securities. UBS declined 1.74 … Continue reading

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