Articles About Uncategorized
- Author:
- Catalina Parada
- Posted:
- 11.15.2011
New Financial Hit to Spain: S&P Downgrades Its Credit Rating
Standard & Poor’s slashed Spain’s credit rating to AA-, three steps beneath the highly desirable AAA, underscoring the challenges facing Europe’s major powers as they meet G20 counterparts over the eurozone debt crisis. S&P, whose move mirrored that by fellow ratings agency Fitch, cited high unemployment, tightening credit and high private-sector debt. Spanish 10-year government […]
- Author:
- Mike Ricamato
- Posted:
- 07.07.2011
Saab Story: Swedish Automaker Headed Toward Bankruptcy
Venerable Swedish automaker Saab is unable to pay its employees and is likely headed into bankruptcy. Saab and Zeewolde, Netherlands-based owner Swedish Automobile NV, are in talks to raise cash, the company said. Options include selling and leasing-back the factory in Trollhaettan, Sweden. “There can however be no assurance that these discussions will be successful […]
- Author:
- Tom Silva
- Posted:
- 03.08.2011
Mortgage Interest Rates Decline, But So Do New Home Sales
Even though the rate on a 30-year fixed-rate mortgage has dipped below the five percent mark – to 4.95 percent — new home sales slid by 12.6 percent in January. The mortgage rate declined five percent last week and was 5.05 percent just one year ago. The slightly less popular 15-year fixed-rate mortgage also fell, […]
- Author:
- Randy Thomas
- Posted:
- 11.15.2010
Covered Bonds Could Be a Viable Alternative to CMBS
A financing vehicle that has been used in Europe since it was invented in Prussia in 1769 is finding its way to American shores as a replacement for commercial mortgage-backed securities (CMBS). The vehicle is known as covered bonds, which is a securitized debt instrument backed by a pool of top-quality assets, primarily mortgages. What […]