TITLE

80% of sub-prime losses disclosed, says Fitch

AUTHOR(S)
Le Gouais, Marcel
PUB. DATE
May 2008
SOURCE
Mortgage Strategy;5/19/2008, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 80% estimated losses on subprime mortgage assets of banks around the world. Fitch Ratings Ltd. estimated a £205 billion total market losses from subprime mortgage assets. Moreover, 50% of the losses are held by banks and the remaining from financial guarantors, insurance companies, asset managers and hedge funds.
ACCESSION #
32193521

 

Related Articles

  • Hyundai Adds $1.2B to Growing Auto ABS Pipeline. Colomer, Nora // Structuredfinancenews.com;1/9/2015, p1 

    Hyundai's deal, which will be rated by Fitch Ratings, is structured with $928 million of 'AAA' rated notes that will be sold over three tranches.

  • Fitch Downgrades 400 More B&C Classes. Peters, Terry // Mortgage Servicing News;Apr2008, Vol. 12 Issue 3, p27 

    The article reports on the decision of Fitch Ratings Ltd. (FR) to downgrade 400 additional classes of first-lien subprime mortgage pass-through certificates from February 15-21, 2008 in New York. It mentions that the securities affected by the latest downgrades include 138 classes from 13...

  • Fitch Revises Its MBS Loss Estimates.  // Mortgage Servicing News;Dec2008/Jan2009, Vol. 12 Issue 11, p21 

    The article reports on the move by Fitch Ratings Ltd. to revise loss estimates for subprime residential mortgage-backed securities (RMBS) on loans between 2005 and 2007 in the U.S. With the said move, it says that Fitch expects more than half of the remaining loans in subprime RMBS from the said...

  • Fitch: Mortgage Insurers Facing More Loss Risk.  // National Mortgage News;6/11/2007, Vol. 31 Issue 37, p16 

    The article reports on the challenges facing the mortgage insurance industry with the development of problems in subprime lending in the U.S. Analysts from Fitch Ratings Inc. stresses that the crisis on home foreclosures may result mortgage insurers to experience a growth in losses. The company...

  • Fitch: 80% of Subprime Losses Reported.  // Investment Dealers' Digest;5/19/2008, Vol. 74 Issue 20, p13 

    The article reports on the 80% total estimated loss of banks from subprime mortgage debt, as stated in a Fitch Ratings report. According to the rating agency, $1.4 trillion of mortgage debt was insured in 2005, 2006 and 2007. It states that Citigroup, Merill Lynch and UBS were among the...

  • HSBC: Further U.S. Losses Are Likely.  // American Banker;5/28/2008, Vol. 173 Issue 102, p11 

    The article reports on the U.S. home loan business of HSBC Holdings PLC. The company's chief executive officer, Michael Geoghegan, is quoted opining that the firm may post more losses as housing market conditions are not expected to improve swiftly. HSBC, which was deeply entangled in the...

  • Barclays Warns of Subprime-related Loss.  // Investment Dealers' Digest;11/19/2007, Vol. 73 Issue 44, p17 

    The article reports that Barclays Capital Inc. would write off $2.7 billion because of subprime mortgage losses in the U.S. According to Robert Diamond, president of Barclays, the move aims to back up its operation from the losses and they are confident that they can recover in the market. He...

  • Subprime Autos Face Another Risk: Contagion. Ossa, Felipe // Structuredfinancenews.com;9/16/2014, p5 

    The article discusses an assessment from Fitch Rating regarding the high exposure of investors to risk and volatility in the subprime market sector caused by heavy competition among lending firms.

  • Sub-prime fallout left egg on my face. Harper, Justin // Mortgage Strategy;8/27/2007, p28 

    The author reflects on his article about U.S. subprime scandal. He admitted that he was wrong and made an error of judgment by listening to one industry pundit over a handful of others. He adds that there is a moral lesson to his experience, that no expert can predict the future with any degree...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics