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US Issuance Of 'Safe' Mortgage Product Plunges To Record Low (Nasdaq)
NEW YORK -(Dow Jones)- In the structured finance markets, lack of demand isn't always about credit risk. Take collateralized mortgage obligations, or CMOs.

ABC Rolls Out Islamic Mortgage Setup in UK (Zawya)
LONDON, 4 October 2007 -- ABC International Bank plc, part of the Bahrain-based ABC Group ABC Group and the leading provider of Islamic home finance in the UK, has launched the first fixed priced Islamic mortgage aimed at buy-to-let investors.

Financial services firms establish mortgage program in D.C. (bizjournals.com via Yahoo! Finance)
Several financial services companies and organizations announced a $200 million commitment to launch a mortgage program that makes 30-year fixed-rate mortgages available to eligible D.C. residents with little or no credit history.

Banks reduce credit lines to H&R Block mortgage unit (Reuters)
NEW YORK (Reuters) - H&R Block Inc , the largest U.S. tax preparer, said on Wednesday that several bank lines that helped its mortgage lending unit to temporarily finance loans were dramatically reduced.

Balestrino Puts Federated in Mortgage Bonds, Beating Corporates (Bloomberg.com)
Oct. 4 (Bloomberg) -- Joseph Balestrino, manager of the Federated Total Return Bond Fund, loaded up on government-backed mortgage debt when credit markets slumped in July and August as other investors sold bonds linked to the housing market.

 
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