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Fannie, Freddie Mortgage-Bond Spreads Retrace Fed-Sparked Gains (Bloomberg)
Dec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities.
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Fitch downgrades First Horizon National ratings (AP via Yahoo! Finance)
Fitch Ratings on Wednesday downgraded the individual ratings of First Horizon National Corp. and lead bank First Tennessee Bank to "C" from "B/C."
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The Working Unemployed (Metro Pulse)
There’s one thing about the struggling local economy—smart people have a lot of time for long lunches and interviews and they can offer a lot of candor about their business in exchange for anonymity. I talked to a developer, a mortgage banker, and a small businessman.
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Fitch Downgrades First Horizon National Corp. Individual Rtg to 'C' from 'B/C', Affs IDR at 'BBB+' (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has downgraded the Individual ratings of First Horizon National Corporation and lead bank First Tennessee Bank, N.A. to 'C' from 'B/C.' At the same time Fitch has lowered the long-term rating on trust preferred securities issued by FHN affiliate's First Tennessee Capital I and II to 'BBB-' from 'BBB,' and has assigned a new rating of 'BBB-' to preferred stock issued ...
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IBERIABANK Corporation Announces Decision to Participate in U.S. Treasury Capital Program (PR Newswire via Yahoo! Finance)
IBERIABANK Corporation , the holding company of the 121-year-old IBERIABANK and Pulaski Bank and Trust Company , announces that it has elected to participate in the United States Treasury Department's Capital Purchase Program .
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Bank requests bailout funds (The Advocate)
Iberiabank Corp., the Lafayette-based parent of Iberiabank, has asked for a $90 million slice of the Treasury Department’s $700 billion bailout of the U.S. banking industry.
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Loans may be more readily available soon (Johnson City Press)
Some U.S. Treasury “bailout” money is filtering toward the Tri-Cities, and that could soon mean more loan availability for people and businesses, a local banker whose employer has received money through the government’s “Capital Purchase Program” says.
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Fannie, Freddie Mortgage Bonds Rally on Fed’s MBS Purchase Plan (Bloomberg)
Nov. 25 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac debt fell by the most on record relative to benchmarks, leading gains in credit markets after the Federal Reserve committed $800 billion to help Americans obtain mortgages and consumer loans.
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Loan crisis goes commercial (The Myrtle Beach Sun News)
Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Hotels in Tucson, Ariz., and Hilton Head Island also are about to default on their mortgages. That pace is expected to quicken. The ...
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Meltdown far from over -- a new mortgage crisis looms (The Daily Jeffersonian)
WASHINGTON (AP) -- The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis -- one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full swing, the same events poisoning the housing market are now at work on commercial properties, and.
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