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secondary mortgage marketForbes - Given the uncertainty surrounding the pricing of Thornburg Mortgage, Inc.'s (Thornburg) portfolio securities in the secondary mortgage market and its effects on the company's short-term financing, the following ratings for Thornburg remain on Rating ... Read more
Fitch: Thornburg's 'CCC' IDR Remains on Rating Watch NegativeBloomberg - The TBA market is ``the most liquid, and consequently the most important secondary market for mortgage loans,'' according to the Securities Industry and Financial Markets Association. Read more
Agency Mortgage-Bond Spreads Reach 8-Year High, Hurt ConsumersForbes - Shares of mortgage lender and investor Thornburg Mortgage Inc. plummeted in premarket trading Thursday as analysts said ... types of mortgages have risen, investors have shied away from purchasing nearly all types of loans in the secondary market. Read more
Ahead of the Bell: Thornburg MortgageCNBC - ... Thomson Financial) - Fitch Ratings said Tuesday Thornburg Mortgage Inc.'s "CCC" issuer default rating remains on rating watch negative, given the uncertainty surrounding the pricing of Thornburg's portfolio securities in the secondary mortgage market ... Read more
Thornburg's 'CCC' issuer default rating remains on watch negative at ... CNBC - As the fallout from the U.S. subprime mortgage market collapse continues to take its toll on the conventional banking ... could be announced in next week's annual budget _ would increase liquidity in the market and expand the secondary commercial market ... Read more
Islamic bonds could give London leg up in growing sphere of Shariah ... MSN MoneyCentral - Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Read more
Fannie Mae RedemptionBusinessWeek - Investors in mortgage-backed debt and other securities have faced margin calls in recent weeks as the market for the securities and debt severely deteriorated. ... its creditors as the price of securities and debt has plummeted in the secondary ... Read more
Carlyle Capital receives default noticeBoston Globe - Still, loans above the old $417,000 ceiling could carry higher interest rates because Fannie Mae and Freddie Mac may have trouble reselling them on the secondary mortgage market. Read more
Forecast: No housing recovery until 2009Financial Times - Mr Darling said last month that a key issue now “is the continued tight credit conditions in the secondary mortgage markets. The easing and recovery of those markets is essential to stabilising the housing market Read more
Darling to reboot wholesale lendingForbes - SALT LAKE CITY, March 4 /PRNewswire/ -- Primary Residential Mortgage, Inc. (PRMI ... City office, including staff in Underwriting, Escrow, Investor Relations, Secondary ... Serving all segments of the market, PRMI is a privately-held, debt-free company ... Read more
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