News
Lehman: potential for EM contagion overlooked
Credit market turmoil caused by bad US subprime mortgages could be transmitted to emerging market economies through domestic bank lending – a “vehicle for contagion that has been overlooked,” according to recent research by Lehman Brothers.
WaMu and First American accused over appraisals
The New York State Attorney General is accusing the duo of conspiring to raise property valuations. Is this the beginning of the litigation wave that many expect?
European buyside survey provides encouragement
A poll of investors in European asset-backed securities suggests demand will be reduced but not extinguished for the year ahead
Bidding deadline passes but Northern Rock's fate still unclear
Continued funding lines from the Bank of England could be critical as key shareholders shift in favour of a restructuring rather than an outright sale of the troubled UK lender
Siv troubles endure as banks revise super-conduit plan
The troubles facing structured investment vehicles are leaving new issuance in the mortgage markets looking shaky. It is unclear whether plans to create a super-Siv to bail them will succeed
Loan modifications remain limited, say rating agencies
Servicers may lack the manpower or the incentive to head off rising delinquencies as 2006 loans reset
Regulator warns: plan for the worst
The UK's Financial Services Authority has warned lenders to prepare sooner rather than later for the threat of funding markets staying shut. Rob Mannix reports
MPs slam rating agencies over Northern Rock
Representatives from the three main rating agencies go before a House of Commons committee to answer for their supposed failings in warning investors of trouble at the embattled UK lender