Hints and tips:
...These would include sliced and diced residential and commercial mortgage loans, aircraft and auto asset-backed securities and any other financial assets that can be lawfully commoditised....
...The Paces were among 10,507 borrowers whose home loans Countrywide packed into a set of securities called the CWABS Asset-Backed Certificates Trust 2005-11....
...loans in 2006 and 2007.”...
...That has definitely affected my level of security. I am also more cautious. I don’t think people my age are as comfortable taking out loans to buy houses and cars....
...One warning sign was a $100m working-capital loan from Bankers Trust: Mr Trump was using it to service mortgages and pay debt, rather than fund day-to-day operations, according to a person familiar with...
...The early 2000s became the era of Alt-A, low doc, and no doc loans. These practices contributed to the catastrophic failure of the housing finance system....
...Germany’s biggest bank agreed to a $7.2bn deal, admitting that in 2006 and 2007 it mis-sold mortgage-backed securities, having “knowingly made false and misleading” declarations to clients....
...Toshiba took a $2.3bn goodwill writedown on the 2006 acquisition of Westinghouse earlier this year....
...One possibility is that banks simply choose to retain more mortgages directly on their balance sheet. There is no reason why banks have to sell off these loans in securities....
...To date, it has made investments in Navitas Lease Corporation, which provides loans against equipment; Global Lending Services, which provides car loans; and Shellpoint, which provides mortgages....
...The bank also allegedly failed to pass on to trusts holding the securities some tens of million of dollars in reimbursements it received from loan originators for delinquent loans....
...Ahead of the IPO Hilton will seek to refinance about $13.5bn in debt, including about $3.5bn of commercial mortgage-backed securities – commercial property loans which are pooled and sold to investors in...
...Several offer just a modest twist on traditional commercial mortgage-backed securities, which are bonds backed by a defined pool of commercial property loans....
...“Trust was shaken today,” Deutsche Bank chief european economist Thomas Mayer told the New York Times. As one executive of a major global bank said later, “It was something none of us had experienced....
...Most of these claims are related to US mortgage-backed securities, and this is the first litigation against Deutsche over a corporate loan portfolio....
...GSAMP Trust is a Residential Mortgage Backed Security (RMBS) deal created in 2006 out of subprime fixed- and adjustable-rate mortgages, worth almost $1bn....
...The Ibanez mortgage was a 90 per cent loan-to-value purchase loan with low documentation/stated income, according to Amherst, and a below-median FICO score of 670....
...of the 2006 ABC REMIC Trust.”...
...Fitch moved in June of that year to tweak its projections for losses on 2006 Alt-A securities, a month after S&P downgraded $34bn worth of such Alt-A backed RMBS issued in the first half of 2007....
...These include loans on properties in California, Florida, Arizona and Nevada; loans originated in 2006 and 2007; and loans in higher-risk categories such as Alt-A loans and interest-only loans....
...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....
...Equifirst, based in Charlotte, North Carolina, was one of the 20 top US subprime mortgage lenders in 2006, originating more than $10bn of home loans a year, according to Inside Mortgage Finance....
...Dan Campbell, the former head of hybrid capital securities at Merrill Lynch and Deutsche Bank, offers a hybrid solution of his own....
...It had been more than three months since HSBC became the first big global bank to reveal multi-billion-dollar losses on subprime mortgage loans....
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
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