Hints and tips:
...The Council of Mortgage Lenders has warned that some Airbnb hosts may be in breach of their mortgage contracts and could face a demand for repayment of the balance....
...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....
...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....
...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....
...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...
...subsidiary, Saxon Mortgage Services....
...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.”...
...By 2007, it seemed as if almost every leading Wall Street investment bank had bought a mortgage servicer, including Morgan Stanley, which acquired Saxon Mortgage Services; Merrill Lynch, which bought First...
...The directive allows other European governments to tell the Financial Services Authority how to supervise them....
...In Comcast v. FCC – the “network neutrality” case – the agency was found to be making up the law as it went....
...Its banks have considerable exposure to the region, and Latvia’s proposal to cap mortgage liabilities no doubt prompted the Swedish intervention....
...A year later in KSR v....
...Service sector data from across the globe on Thursday painted an encouraging picture....
...“There has been a focus on banks’ capital, liquidity and their mortgage exposure.”...
...“It’s still possible that the committee may decide to spend more – despite the [return to growth suggested] by the services PMI this week, money and credit growth is not yet showing signs of improvement,...
...“With these clarifications, the two Anglo-Saxon governments (US and UK) have both given the market a boost with a clear vote of approval and technical support....
...Mr Pym is also chairman of Halfords, the car parts retailer, and non-executive chairman of Old Mutual, the Anglo-South African financial services group....
...In addition, Morgan helped select assets that went into the ill-fated Cheyne SIV and the suit claims these included loans from Saxon Capital, a sub-prime lender that Morgan Stanley owned....
...“We need to develop into financial services.”...
...They will have plenty of company in the debt-dependent Anglo-Saxon economies. Shooting the messengers who point this out will do more harm than good....
...Morgan Stanley last year paid $706m ($346m) to buy Saxon Capital, a subprime lender....
...Lehman will continue to originate mortgages by its Aurora Loan Services platform that focuses on Alt-A mortgages, which are closer to meeting prime mortgage standards....
...Lahde’s first fund, US Residential Real Estate Hedge V Class A, soared 712.8 per cent in the year to the end of October, before this month’s sell-off pushed it past the 1,000 per cent mark....
...Earnings for some banks will be scarred by writedowns on mortgage origination businesses including Saxon Capital, the subprime lender Morgan Stanley bought for $706m in December....
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