Hints and tips:
...Lenders — often banks — originate loans that are then sold to a trust. The trustee effectively acts on behalf of investors that buy bonds backed by the payments on the loans....
...The release briefly lifted Daiichi’s stock price to the highest level since 2005. Kana Inagaki 69....
...In his submission Mr Anand said that because of the lack of trust Indian IT companies preferred to work in secrecy....
...A year later Countrywide Financial bundled the mortgage with 10,000 others from around the country into the Countrywide Asset Backed Certificates Trust 2006-06....
...Nationstar also originates mortgages, as well as providing services for delinquent loans, managing loans in foreclosure, title insurance, loan settlement and valuation services....
...They’d been worried for weeks about the losses they were facing on U.S. home loans....
...If they go badly, her own leadership will be called into question – although there is no other alternative leader in sight....
...Chinese banks set aside a minimum 1 per cent of the loan book as general reserves. Other Asian central banks have similar stipulations....
...In a typical securitised trust of 2007 Alt-A mortgages assembled by Lehman Brothers, Mr Tilson found 43 per cent of the underlying loans had defaulted 17 months after the security was issued....
...In any list of career mistakes, a letter written by Arno Bohn 17 years ago would rank highly....
...That was short-lived, as Lewis struck deals to acquire Fleet Financial Group in 2003, MBNA in 2005, LaSalle Bank in 2007 and Countrywide Financial shortly thereafter....
...The rating agencies broke this bond of trust, and federal regulators ignored the warning signs and did nothing to protect the public....
...The fact that Grameen Telecom aimed to serve the rural areas in Bangladesh made the development of countrywide coverage a prime objective....
...“But I couldn’t fully trust it.”...
...They have $36 billion in reserves and another $17 billion in a development fund....
...Other possible bidders include GE Capital, Countrywide of the US, HSBC or RBS....
...from April 2005.”...
International Edition