| Fitch Rates STARM Mortgage Loan Trust $730MM Series 2007-2
The 'AAA' rating on the senior certificates reflects the 4.25% subordination provided by the 2% class B1, 0.75% class B2, 0.60% class B3, 0.35% privately offered class B4, 0.30% privately offered class B5 and 0.25% privately offered class B6. The ratings also reflect the quality of the underlying collateral, the strength of the legal and financial structures, and the master servicing capabilities of Wells Fargo Bank, N.A. (rated 'RMS1' by Fitch). All of the mortgage loans were originated by SunTrust Mortgage, Inc. (SunTrust). As of the cut-off date (March 1, 2007), the pool of loans consists of 1,129 recently originated interest only and conventional hybrid, adjustable-rate, fully amortizing Mortgage Loans secured by first liens in one to four-family residential real properties.
Jim Cramer's Best Blogs
Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week, he blogged on: GlobalSantaFe; two housing winners; waiting for Best Buy; sweet Coke and Hershey. Click here for information on RealMoney.com, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time. Selling Is Over for GlobalSantaFe Originally published on 4/2/2007 at 3:09 p.m. That darned seller of GlobalSantaFe (GSF - Cramer's Take - Stockpickr) is finished, and now the stock is finally ramping. We always talk about window-dressing, about marking up, but we should speak more about the incredibly bizarre desire of some funds to get the dumping of certain stocks done by the end of the quarter.
Barclays Eyes Distraught ABN AMRO
(RTTNews) - The Sunday Times reported that the Dutch banking giant ABN AMRO (ABN | charts | news | PowerRating) is being pursued by British bank Barclays (BCS | charts | news | PowerRating). Citing persons familiar with the matter, the paper said Barclays has tabled an 80 billion pound merger proposal. Nonetheless, it was categorically pointed out that talks are at a very preliminary stage and may not culminate in a deal. Barclays declined to comment on the merger speculation doing the rounds. ABN AMRO may be forced to evaluate Barclays' proposal, as the Dutch bank is beset with problems, especially after a hedge fund, namely 'The Children's Investment Fund-TCI' accused the bank of underperforming. The hedge find owns about 1% stake in ABN AMRO and has been vociferously demanding a break up of the bank or an outright sale.
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