Hints and tips:
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...Speaking for the US, Abraham Lincoln said long ago that “public opinion in this country is everything”. It still is....
...Mortgage availability at higher LTVs has fallen by c85% while with more than 8m workers furloughed, we are cautious about incremental demand....
...Olswang, part of Cameron McKenna, will attempt to determine whether Mr Cats and his wife Ruth V....
...Lex spies an opportunity in mortgage credit — which should continue to grow as long as corporate debt concerns don’t hammer consumers....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Potts, a leading company law advocate, drew attention to the famous case of Carlill v Carbolic Smoke Ball Company....
...from the end of the US mortgage refinancing boom....
...This can be seen in the financial sector, Head argues, pointing out that digitisation enabled some companies to create the subprime mortgage business....
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...Mr Dimon is under the gun because US authorities have decided that the time has come for big banks to pay for mis-selling mortgages in the years leading up to the financial crisis....
...‘Six people were rejected from the trial’s jury pool, including a professor and a mortgage underwriter’ (NYT Dealbook)....
...“As guarantee fees go higher, it will become more and more economically logical to hold your highest quality loans on the balance sheet,” said Steven Abrahams, MBS expert at Deutsche Bank....
...It is the latest deal for Ocwen this year following the acquisition of servicing companies including Litton Loan Servicing from Goldman Sachs and Saxon Mortgage Servicers from Morgan Stanley....
...- Felix Salmon on DeMarco v Geithner - Finance must escape the shadows. - ECB Q&A: will we see a big bazooka or pea-shooter on Thursday? - Fed in the dark on jobs....
...than accusing him of intentionally misleading investors – when he failed to disclose that Citigroup selected some securities referenced in the portfolio, a collateralised debt obligation known as Class V...
...Funding III, which was comprised of securities tied to home mortgages....
...subsidiary, Saxon Mortgage Services....
...I would attribute this rule to Abraham Lincoln, our first Republican president, who compared losing in politics to the experience of a boy who stubs his toe while running to see his sweetheart and realises...
...Steven Abrahams, analyst at Deutsche, said: “Higher prices and lower rates on [mortgage-backed securities] only get passed along to consumers at the discretion of mortgage originators, and those originators...
...The Supreme Judicial Court (SJC), in Commonwealth v Ibanez, recently upheld Massachusetts law and stated that “only the present holder of a mortgage is authorized to foreclose on the mortgaged property.”...
...The SEC alleged that Citi was negligent in failing to tell investors in a $1bn CDO – known as Class V Funding III – that the bank had helped to select $500m of mortgage assets that went into the security...
...A mixture of home mortgages, shares and other securities, the transfer made up almost 10 per cent of the bank’s total assets of $80bn at the time....
...The settlement also requires remedial action by Citigroup in its review and approval of offerings of certain mortgage-related securities....
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