Hints and tips:
...As securitizations utilize bankruptcy-remote special-purpose entities to issue debt, many market participants believed access to the securitization markets would be stable....
...But in becoming entwined with old finance, many of the purported benefits of online lending have quickly disappeared....
...Mr Ma said he needed to do this in order to satisfy new Chinese regulations on online finance....
..., complicating any transition to another housing finance model....
...The lawsuits filed on Friday by the Federal Housing Finance Agency against 17 global banks involved nearly $200bn of mortgage-backed securities but the regulator refused to put a figure on the total losses...
...., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp....
...Related link: RBS scoops REC-6 bonds to build blocking position – Total Securitization...
...Yet that is what is happening in the global structured finance markets....
...The rest of the 2nd liens are either in securitizations ($32.5 billion) or on the books of finance companies ($69 billion)....
...10 percent or more, of the credit risk associated with any loans that are transferred or sold including for the purpose of securitization....
...Leveraged loans backing Tishman Speyer DC Properties and Spirit Finance, for example, languish in the 80s while both companies await possible restructurings....
...It could be on its way from the Federal Deposit Insurance Corp — the body responsible for insuring US bank deposits....
...The Federal Housing Finance Agency, which oversees the GSEs and the FHLBs, was commissioned with the task of undertaking a study, published on Thursday, on the issue....
...“No,” says Linus Wilson, a finance professor at the University of Louisiana, who has studied similar FDIC-brokered deals....
...Senate Finance Committee last week, FDIC Chairman Sheila Bair said banks would ultimately have to hold capital against the newly on-balance-sheet receivables....
...FICO scores, which range from 300 to 850 and are provided by Fair Isaac Corp, were a key feature in the boom of subprime lending....
...Specifically, the asset-backed securitization market has played a critical role for many years in lowering the cost and increasing the availability of consumer finance....
...The efforts to restore confidence to the mortgage-backed market come against a broader debate about how the securitised and structured finance markets will look in the future....
...Mr Paulson hopes they could provide much-needed credit for prospective homebuyers and help revive the flagging US housing market, where purely private sources of finance have all but evaporated....
...For those of you who were participants in the late nineties, remember what Greentree ended up doing to Conseco? What is the New Model?...
...This will mean closer supervision of the appraisal and mortgage-finance firms....
...Freddie Mac, the government-backed mortgage finance company, said it estimated a $550m loss in the third quarter and would report a loss in the final quarter, blaming falling long-term interest rates....
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