Fischer Francis to Buy Mortgage Debt as Subprime Ebbs (Update2) (Bloomberg.com)
June 26 (Bloomberg) — Fischer Francis Trees & Watts plans to buy more U.S. commercial mortgage-backed securities, betting the worst of credit-market losses are over.
Australia cenbank pushing banks on liquidity buffer (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, June 27 (Reuters) - Australia’s central bank has been encouraging the country’s commercial banks to securitise mortgage debt held on their balance sheets in order to give them access to official funding in times of market stress.
JAZZ GREAT ERNESTINE ANDERSON LOSING HOME: Friends and family are … - EURweb
*Jazz vocalist Ernestine Anderson, who once worked with Quincy Jones and Ray Charles, is facing foreclosure on her home in Seattle after falling behind more than $30,000 in payments and penalties, public records show. Family and friends of the singer …
As Bill Evolves, Mortgage Debt Is Snowballing (New York Times)
Congress?s sweeping rescue package for struggling homeowners may only be able to touch a fraction of those in trouble and would do little to bolster the market, analysts say.