Abstract: We adjust our hot stove capital impacts to reflect higher prime mortgage losses and other related including option ARMs. Most all the big banks above capital comfort zones even with more prime weakness.

Brief Excerpt: Mortgage Mess Stress Test: Prime Pummelling - How Bad? We updated our mortgage stress test for large banks by incorporating stress level losses on prime first mortgages We add these losses to our already large loss estimates for subprime...

Report Type: Sector Article
Source: CreditSights Inc
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.