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...These debts include mortgages and loans for cars, rental equipment and yachts....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The new policy covers apps offering personal, payday and peer-to-peer loans, but not mortgages, car loans or credit cards....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...“Salesforce is one of the pre-eminent software companies in the world . . ....
...Klarman spent much of his letter critiquing the Fed’s response to the financial crisis, when the central bank cut interest rates close to zero and began hoovering up Treasuries and mortgage-backed securities...
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...The New York-based securitised products business packages debts, such as mortgages and loans for yachts, before selling them on as securities....
...High returns meant high risk and First Boston suffered significant paper losses on bridge loans extended to such companies such as Ohio Mattress, Campeau and Long John Silver’s....
...Last year Millennium created new roles to lead the risk management of the asset classes it trades, hiring Russo, as well as former Goldman partners Jeff Verschleiser as head of credit and mortgage-backed...
..., adding that “the long-term profitability and equity performance of so-called ‘profitless tech’ companies will dwarf those of companies that have catered to short-term oriented shareholders with share repurchases...
...As bank lending has become more constrained, many European companies have turned to alternative sources to fund their operations....
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...Over the past 12 months, Apollo’s various lending platforms, which range from operations spanning equipment finance, mortgages and mezzanine real estate loans, have originated more than $100bn in debt, including...
...The fund invests in US agency mortgage-backed securities and collateralised mortgage obligations, which aren’t especially liquid markets....
...Higher interest rates make such companies’ future cash flows look relatively less attractive....
...The neobank posted its first annual profit last week fuelled by its move into the mortgage market....
...The trading platform is one of the largest in the world and is integral to the financial architecture supporting US mortgages, Treasuries and corporate bonds....
...One thing to start: Intercontinental Exchange has deepened its push into the US housing market data business, striking the largest deal in its history by agreeing to purchase mortgage software company Black...
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