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Raising the stakes with interest-only mortgages  Once a frustrated renter, Chris Economou is now a happy homeowner, enjoying a splendid view of San Francisco and an $80,000 increase in his property's value since he bought the


Fitch Rates $959.9MM Citigroup Mortgage Loan Trust, Series 2005-OPT4 (Business Wire via Yahoo! Finance)   Fitch has rated the Citigroup Mortgage Loan Trust Inc., asset-backed pass-through certificates, series 2005-OPT4, which closed on Sept. 9, 2005, as follows:read more...


Hang the expense, B.C. life is wonderful  CREDIT: Peter Battistoni, Vancouver Sun Mark Sturrock and Cari Hawthorne purchased a house in Richmond last year as an investment from Realtor Anita Chan .read more...


Credit card delinquencies rise  Pittsburgh Post-Gazette Complete Business Index Driven by skyrocketing energy prices, consumers fell into arrears on all kinds of debt in the second quarter, with credit card delinquencies hitting a record


Mortgage rates rise slightly  The Federal Reserve cut interest rates this week. So naturally, mortgage rates went along for the ride, right? Wrong.read more...


Homeowners warned: more mortgage rate rises are on the way (Daily Mail)  Millions of homeowners are facing further mortgage misery. Economists said today another increase in the cost of borrowing is almost certain and could come next month read more...

February 19th, 2007

Commonwealth Bank Launches $7 billion Mortgage Securitisation

Commonwealth Bank today launched its tenth global issuance, a $7 billion mortgage backed security through the Medallion Trust.
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