Quantcast

NovaStar expects more impairments

NovaStar Financial CFO Greg Metz said last week the "volatile mortgage environment" is expected to cause a portion of the subprime mortgage lender's subordinated securities to become permanently impaired. That scenario is more likely to be concentrated in the most recent vintages, he added, speaking during the company's third...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.