Subprime freefall a “calamity” for credit markets, FrontPoint says

Fri Jul 20, 2007

FrontPoint Partners said in a Thursday conference call with investors that the subprime mortgage market’s freefall is a “sheer calamity” unfolding on the broader credit markets.

Until now, many investors have viewed current subprime credit problems as contained, FrontPoint executives said. But with an estimated $650 billion in subprime mortgages set to readjust to higher interest rates,...

ISSN: 2151-1845 / CDC10004H


The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.


Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Popular Searches on HFI