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...Banks say the changes to RWA calculations will lead to significant hikes in capital requirements for mortgages, corporate loans and loans to other financial institutions....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...A further problem is that US corporate profits have recently been weak....
...Congress passed a jammy tax break to make it easier for the banks to shed entire portfolios of mortgages at fire-sale prices....
...But the cycle is turning: not only are margins now levelling off or declining, but higher interest repayments are leading to more customers defaulting on their small-business loans, mortgages and credit...
...At this higher cost of funds, how do I make my next loan? Mortgage issuance is going to be down when you double rates. Same thing with auto lending....
...Intercontinental Exchange, the owner of the New York Stock Exchange, has muscled into the US mortgage market, snapping up several home loan companies in its bid to become the data backbone of that industry...
...Spaht led Thoma’s 2018 takeover of mortgage software specialist Ellie Mae for $3.7bn....
...Bank loan books are under stress. Which is why commercial mortgage-backed bonds are also being pummelled....
...or taking a loan — is just going to be that bit higher....
...My fellow Americans, our long national regional-banking nightmare may not be over....
...News clip 6 Banking fallout continues as the American government tries to orchestrate a rescue of First Republic Bank with the aid of . . ....
...Banks have struggled to distribute loans backing Clayton, Dubilier & Rice’s £6.6bn take-private of the supermarket chain Wm Morrison....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...It urged them to be more aggressive in restructuring its portfolio and add more telecoms expertise to its board....
...Now it lists just eight: 48) Loan Transactions and Technology LLC / Edge Tradeworks Edge Tradeworks, which previously operated under the “Loan Transactions and Technology” name, offer loan trading tools...
...CUSIP Global Services, a company that issues identification numbers for financial securities, estimates that there are over 515,000 corporate bonds in the US alone, each of which is as unique as a snowflake...
...For many of her clients, Cohn will therefore go to smaller local banks, those that specialise in savings and loans, or credit unions (not-for-profit organisations owned by those who use their services)....
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
.... $170k of that figure will become a 20-year loan with the remaining $30k covered by a city grant. The loan service payments are guaranteed by the city....
...More loans were allegedly given by Cox & Kings to V Hotels, a struggling beachfront property bought by Peter and Urrshila’s father, Ajit, in 2001....
...From First Boston came Kapito, Fink’s right-hand man on the mortgage trading desk; Barbara Novick, the formidable head of portfolio products; Ben Golub, a maths wizard who had designed many of the bank’s...
...About 95 per cent of the insurer’s assets are invested in corporate debt, mortgage-backed securities and cash. The insurance company carries little debt, and a lot of excess capital....
...Mortgage lender Loan Depot used a $600m bond to both pay down debt and fund a special dividend, according to people familiar with the deal....
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