The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lizzie Tudor who wrote (91361)	10/4/2007 8:17:53 PM
From: Sr K	Read Replies (3) of 306849

For CFC they are going back to 1999 according to NBR tonight. Look at this report sec.gov filed today, disclosing damage done through June 30. Some of their paper was by CFC. Related news: RMK files SEC reports after subprime-related delay NEW YORK, Oct 4 (Reuters) - The Regions Morgan Keegan complex of mutual funds has filed annual reports for three of its bond funds that had been delayed because of turmoil in the subprime mortgage market, the company said on Thursday. Market upheaval led to a period this summer when "investors shunned one type of investment after another" and "the bond markets for all but government bonds ground to a virtual halt," said a letter to fund shareholders in the annual reports. RMK has said the difficulty of pricing assets in volatile markets had led to the delay in filing annual reports covering the fiscal year ending June 30. Morgan Keegan, a brokerage unit of Birmingham, Alabama-based banking company Regions Financial Corp (RF.N: Quote, Profile, Research), has said the lack of liquidity could result in the funds' incurring greater losses than under more stable conditions. The reports cover the RMK Select Short-Term Bond Fund, RMK Select Intermediate Bond Fund and RMK Select High Income Fund. Despite the difficulty of pricing its funds, RMK has allowed investors to redeem and purchase new shares, Morgan Keegan spokesman Eric Bran said in an e-mail. A call to the company for further comment was not immediately returned. Fund pricing is among the most critical responsibilities of a fund and its adviser, according to the Securities and Exchange Commission. reuters.com more in next post

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next