Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...It’s not going to be debt holders, which are the Fed and the Federal Home Loan Bank of San Francisco. They are secured creditors who hold collateral against their loans....
...Every single subsidy that built the middle class, whether it's the homestead loans, the farm loans, the New Deal, mortgage, student loans, all of those - not accidentally but explicitly - exempted certain...
...Latest news Nato’s Stoltenberg accuses Putin of ‘dangerous and reckless nuclear rhetoric’ Steep mortgage rates fuel August decline in US existing home sales New York attorney-general files fraud suit...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...There were billions of dollars of losses for the Federal Deposit Insurance Corporation when Colonial went bust in 2009....
...So the FDIC as liquidator of Penn Square et al asserted that the “sales” of loan participations by Penn Square and the others were not “true sales” that gave rights to the underlying collateral (whatever...
...Serious Sweet, by AL Kennedy, Cape, RRP£17.99 Set over the course of a single day, and travelling from Piccadilly to Chiswick via Knightsbridge, AL Kennedy’s latest novel is an ambitious, perambulatory...
...Londoners with a 5% deposit will be able to get an interest-free loan worth up to 40% of the value of a newly-built home....
...pools and the servicing of the loans....
...However, because the bank could not find independent buyers for portions of these securities, it ended up retaining a vast exposure to toxic home loans....
...The Fed chief cites a recent paper by his own staffers ( Jane Dokko et al, Monetary Policy and the Housing Bubble) that reports “only a small portion of the increase in house prices earlier this decade can...
...Related links: SEC V. TREVOR G. COOK, PATRICK J. KILEY, ET AL, Case No. 09 CV 3333 – SEC Litigation release...
...June 25, 2009 Chairman Towns, Ranking Member Issa, and other members of the Committee, I appreciate the opportunity to discuss the Federal Reserve’s role in the acquisition by the Bank of America Corporation...
...it will probably also include backing for loan principal reductions in cases where the mortgage is worth a lot more than the value of a home....
...The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1,500 on mortgage payments....
...Shame Michael Moore et al were not listening to him back then....
...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...
...Recommended discourse: JCK et al at Alea....
...What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...US banks and corporations are almost certainly liquidating some of the assets they own overseas and bringing funds home to strengthen their balance sheets and reduce the amount they need to borrow in the...
...More of you have lost your homes and even more are watching your home values plummet....
...In reviewing a sample of “no doc” loans that relied on borrowers’ statements, the Mortgage Asset Research Institute recently found that almost all would-be home owners had exaggerated their income, with...
International Edition