Alt-A
Latest Posts
IndyMac Posts $184.2 Million Loss; Doesn’t See Profitability Until 2009
May 12, 2008Less than two weeks after CEO Michael Perry infamously told investors that IndyMac Bancorp, Inc. [stock IMB][/stock] had “turned a corner”, the Pasadena-based thrift said Monday that it lost $184.2 million during the first quarter — and suggested that it wouldn’t return to profitability during 2008. “We do not expect that Indymac will be able to return to overall profitability until the current decline in home prices decelerates,” Perry said in a statement.
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Signs of recovery overestimated?
May 12, 2008 -
MGIC Turns the Screws on MI Underwriting
May 09, 2008 -
Out of the Rubble: Traditional MBS Markets Keep on Keeping On
May 07, 2008 -
Second Liens Take Top Billing at Treasury Pow-Wow
May 06, 2008 -
Fannie Posts Wide Loss, Will Raise Capital; Alt-A Mortgages Proving Problematic
May 06, 2008 -
Banks Tighten Their Belts On Prime Lending During Q1
May 05, 2008 -
In Battered Secondary Mortgage Market, Some Encouraging Trends May Be Emerging
Apr 24, 2008 -
Moody’s Downgrades 388 Alt-A RMBS Classes; Warns on 254 Aaa-rated Tranches
Apr 23, 2008
