NEW YORK/LONDON (Reuters) – Financial markets steadied on Tuesday after being battered a day earlier by euro zone debt concerns, as corporate reports and rising commodity prices suggested global growth was on track.

Analysts said the longer-term outlook for equities was positive, with global growth weathering the euro-zone crisis.

NEW YORK/LONDON (Reuters) – Financial markets steadied on Tuesday after being battered a day earlier by euro zone debt concerns, as corporate reports and rising commodity prices suggested global growth was on track.

Analysts said the longer-term outlook for equities was positive, with global growth weathering the euro-zone crisis.

NEW YORK, May 23 (Reuters) – The Federal Reserve Bank of
New York will slow the sales of mortgage-backed securities from
its Maiden Lane II portfolio, in part because some transactions
in recent weeks have pushed prices lower, said a dealer.

The New York Fed, on a conference call with dealers on
Monday, said it would offer no more bonds from the portfolio
until June 6, and then not again until early July, said Marina
Tukhin, head of the ABS group at Gleacher Descap in New York.

NEW YORK, May 23 (Reuters) – Springleaf REIT is telling
stock investors that subprime mortgage lending is a great
business, an ambitious argument in a market still reeling from
bad underwriting.

The company is an offshoot from Springleaf Finance, a
former credit arm of American International Group, (AIG.N: Quote, Profile, Research, Stock Buzz) and
it said in a recent regulatory filing that it hopes to raise up
to $500 million for a real estate investment trust that will
first invest in existing mortgages and other consumer loans.

NEW YORK (Reuters) – A wave of fear that Europe’s debt problems are spreading out of control hammered markets on Monday, knocking the euro to its lowest level in two months against the dollar and pummelling equities in Europe and the United States.

Ratings actions on Greece and Italy and regional election results in Spain that raised doubts about measures to curb the country’s deficit spurred investors to unload riskier assets.

NEW YORK/LONDON (Reuters) – Doubts about Europe’s ability to manage its debt hammered markets on Monday, knocking the euro to its lowest in two months and dragging down equities in Europe and the United States.

Investors shed risk after a block of news raised concern over the euro zone crisis, a political and fiscal struggle to bring the huge debt in peripheral economies to heel.

NEW YORK/LONDON (Reuters) – Doubts about Europe’s ability to manage its debt hammered markets on Monday, knocking the euro to its lowest in two months and dragging down equities in Europe and the United States.

Investors shed risk after a block of news raised concern over the euro zone crisis, a political and fiscal struggle to bring the huge debt in peripheral economies to heel.

NEW YORK (Reuters) – American Home Mortgage Servicing, one of the largest subprime mortgage servicers, is urging the Treasury to organize a plan to boost principal reductions for up to 1 million homeowners by unlocking loans from securities.

The servicer is asking for amendments to contracts that govern treatment of delinquent loans in mortgage securities. Currently, most contracts don’t allow sales of loans prior to foreclosure, and in many cases don’t permit a servicer to lower principal when a loan is modified.

NEW YORK, May 20 (Reuters) – American Home Mortgage
Servicing, one of the largest subprime mortgage servicers, is
urging the U.S. Treasury to organize a plan to boost principal
reductions for up to 1 million homeowners by unlocking loans
from securities.

The servicer is asking for amendments to contracts that
govern treatment of delinquent loans in mortgage securities.
Currently, most contracts don’t allow sales of loans prior to
foreclosure, and in many cases don’t permit a servicer to lower
principal when a loan is modified.

NEW YORK, May 12 (Reuters) – Mortgage bond investors
seeking to recover losses on loans made by defunct subprime
lender Option One Mortgage on Thursday directed the securities
trustee and the servicer to begin investigations, according to
a letter from the group’s lawyer.

Investors told the loan servicer to review loans for
breaches of contracts that ensured the quality of loans as they
were pooled into mortgage-backed securities, said the letter
from Dallas-based lawyer Talcott Franklin.