Hints and tips:
...And the riskiest business to be in was subprime mortgage. So Citi ran right into it....
...To do so, it had to mortgage most of its assets and trademarks, down to its iconic “blue oval” logo....
...The debate capped a week-long FT series on the future of banking. in the UK and beyond....
...One week and some “refinements” later, and “class A-2, A-3, and A-AB commercial mortgage pass-through certificates from GS Mortgage Securities Trust 2007-GG10″ are back to triple-A....
...Countrywide Financial Corporation, et al is ostensibly brought on behalf of purchasers of such CWALT, Inc. mortgage pass-through certificates, as well as various other mortgage-backed securities registered...
...We expect the household saving rate to rise by as much as 5 percent between mid 2007 and mid-2010, though this depends somewhat on the extent to which lower base rates feed through into mortgage rates....
...So a lot of the overall capacity in the system, whether it’s for commercial deals or whether it’s individual mortgages, has come out of the system....
...So if there is a run on the markets through the evaporations of liquidity, who is there to step in and provide that liquidity?”...
...Also in 1970, Ginnie Mae issued the first mortgage pass-through security, followed soon after by Freddie Mac....
...Previously it offered financing products such as leases and mortgages to commercial customers only at floating interest rates. As interest rates moved, so did repayments....
...Through a series of steps ? the end of the carry trade, less investment in US assets, higher yields on Treasury bonds, more expensive US mortgages and falling US house prices ?...
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