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Showing results for Dolin v. Citi Mortgage (MAG+)
...Lumping it in with the Mag 7 was a mistake....
...But what high rates did instead was simply freeze the market for existing homes: no one with a pre-pandemic mortgage sold their home unless they absolutely had to....
...That has wiped out a combined $987bn in shareholder value, Citi data shows....
...The rate of missed rents and mortgage payments are picking up, which only reinforces the potential for more financial shockwaves and the prospect of a sluggish recovery....
...Just 30% expect a V shaped recovery in the stock market....
...Here’s Citigroup: Citi’s Take — All things considered, we think Purplebricks has reported a solid set of results for FY20, although we think investors will likely focus on the outlook....
...Citi cites the former’s “high exposure to uncontracted volumes and an increasing likelihood that the business will need to do a rights issue”....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...‘Six people were rejected from the trial’s jury pool, including a professor and a mortgage underwriter’ (NYT Dealbook)....
...Funding III, which was comprised of securities tied to home mortgages....
...The SEC alleged that Citi was negligent in failing to tell investors in a $1bn CDO – known as Class V Funding III – that the bank had helped to select $500m of mortgage assets that went into the security...
...The settlement also requires remedial action by Citigroup in its review and approval of offerings of certain mortgage-related securities....
...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.”...
...UK mortgage approvals in November rose to the highest level since March 2008. Earlier, China’s manufacturing sector expanded at its fastest pace in more than five years during December....
...Also, many household incomes have been maintained (indeed increased) partly because of state benefits and low interest rates for mortgages....
..., not just mortgage payments relief)....
...“V-shaped” recoveries, in which employment comes roaring back, take place only when there’s a lot of pent-up demand....
...Parts I, II, III, IV and V (“This boy sold $60m to an ailing state pension fund.”): Related links For you, CDO, ze war is over – FT Alphaville...
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