This week will offer the first big test of the credit market as seven banks try to entice investors to buy $24 billion in loans and bonds needed to pay for sale of the First Data Corp., the Greenwood Village credit-card-payments processor, to the private equity firm Kohlberg Kravis Roberts.

Hovnanian Enterprises Reports Fiscal 2007 Third Quarter Results (FinanzNachrichten)
RED BANK, N.J., Sept. 6 /PRNewswire-FirstCall/ -- Hovnanian Enterprises, ( Nachrichten ) Inc. , a leading national homebuilder, reported a net loss of $80.5 million, after tax, or $1.27 per common share for the third quarter ended July 31, 2007. For the nine-month period ended July 31, 2007, revenues declined 22.6% to $3.4 billion, from $4.4 billion in the year earlier period.