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11/13/2008 News For:

Bad Credit Mortgage Florida

Fitch Rates Florida Housing Finance Corp's $100MM Mortgage Revenue Bonds 'AA+'   NEW YORK----Fitch Ratings has assigned an 'AA+' rating to Florida Housing Finance Corporation's $100 million homeowner mortgage revenue bonds, 2008 series 4. The bonds are expected to be sold through negotiation this week and are expected to close on or about Nov. 24, 2008.

Canada triples mortgage purchases to boost credit   The Canadian government will triple the amount of insured mortgages it will buy from banks as part of measures it announced on Wednesday to improve the availability of long-term credit.

Ottawa triples mortgage purchases to boost credit   The federal government will triple the amount of insured mortgages it will buy from banks as part of measures it announced on Wednesday to improve the availability of long-term credit.

U.S. backs away from plan to buy bad assets   The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring up consumer credit markets.

Commonwealth Says Bad Debts Rise, Cites Lehman, Allco (Update3)  Nov. 13 -- Commonwealth Bank of Australia , the nation's biggest mortgage lender, said bad debts may double this year, citing lending to companies including Lehman Brothers Holdings Inc. and Allco Finance Group Ltd.

Mortgage Bonds Fall to New Lows as Paulson Scraps U.S. Buying  Nov. 12 -- Residential and commercial-mortgage backed bonds tumbled after Treasury Secretary Henry Paulson said the government no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.

Fitch Affirms Credit Suisse Commercial Mortgage Trust 2007-C5; Assigns Outlooks   CHICAGO----Fitch Ratings has affirmed all classes of notes for Credit Suisse Commercial Mortgage Trust's commercial mortgage pass-through certificates, series 2007-C5, and assigned Rating Outlooks as outlined below:

US shifts rescue away from buying toxic mortgage assets   US authorities shifted the focus of a massive financial rescue plan, scrapping plans to buy up toxic mortgage assets and calling for help in restoring credit outside the banking sector.

Treasury changes course on bailout, won't buy bad mortgages  The Treasury Department reversed course on its massive bailout effort today, saying it would not use the $700 billion rescue fund approved by Congress to purchase bad mortgage securities but instead will continue pumping money into banks to boost their...

Commonwealth Says Bad Debts Rise, Cites Lehman, Allco (Update1)  Nov. 13 -- Commonwealth Bank of Australia , the nation's biggest mortgage lender, said bad debts will increase in the first half, citing lending to companies including Lehman Brothers Holdings Inc., Allco Finance Group Ltd. and ABC Learning Centres Ltd.