(Reuters) - Countrywide said on Monday that pending
foreclosures as a percentage of outstanding loans more than
doubled in June from a year earlier and delinquencies hit a
six-month high. For details, see [ID:nN16240369].
The cost to insure the debt of Countrywide Home Loans,
which is the most actively traded credit derivative on
Countrywide's debt, rose by around 2 basis points to 62 basis
points on Tuesday, or $62,000 per year for five years to insure
$10 million in debt.
Read more at Reuters.com Bonds News
foreclosures as a percentage of outstanding loans more than
doubled in June from a year earlier and delinquencies hit a
six-month high. For details, see [ID:nN16240369].
The cost to insure the debt of Countrywide Home Loans,
which is the most actively traded credit derivative on
Countrywide's debt, rose by around 2 basis points to 62 basis
points on Tuesday, or $62,000 per year for five years to insure
$10 million in debt.
Read more at Reuters.com Bonds News
No comments:
Post a Comment